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Soybeans have been cultivated for over 3,000 years in China and are the most widely grown and utilized legume in the world. Soybean futures are traded at the Chicago Board of Trade (CBOT). Most soybeans are used for the extraction of soybean oil, used for cooking purposes – or to make soybean meal, which is used as a feed by farmers. Soybeans are also consumed in the form of Tofu or simply on their own as in the case of Japanese Edamame.

Contract Specifications:

Contract Size: 5,000 bushels

Tick Size: 1/4 cent/bu ($12.50/contract)

Price Quote: Cents bushel

Contract Months: Sep, Nov, Jan, Mar, May, Jul, Aug

Last Trading Day: The business day prior to the 15th calendar day of the contract month.

Trading Hours:

Electronic: 6:00 p.m.-6:00 a.m. and 9:30 a.m.-1:15 p.m. Central Time, Sun.-Fri.

Open Auction: 9:30 a.m.-1:15 p.m. Central Time, Mon-Fri. Trading in expiring contracts closes at noon on the last trading day.

Ticker Symbols:

Open Auction: S

Electronic: ZS

Click here for Soybean Quotes and Charts

Mini-sized Soybean Futures

Contract Specifications:

Contract Size: 1,000 bushels

Tick Size: 1/8 cent/bushel ($1.25 per contract).

Price Quote: Cents/bushel

Contract Months: Sep, Nov, Jan, Mar, May, Jul, Aug

Trading Hours:

Electronic: 6:00 p.m. – 6:00 a.m. and 9:30 a.m. – 1:45 p.m. Sunday-Friday

Open Auction: 9:30 a.m. to 1:45 p.m. Central Time, Mon-Fri.

Ticker Symbols:

Open Auction: YK

Electronic: XK