SOYABEAN (CSB)
The value of one future contract of soyabean is 50 x the value of the price of the soyabeans
The contracts are traded on CME.
Contract specifications
- Underlying value : soybeans
- Contract size : 5.000 bushels
- Value of the future contract : 5.000 x soybean price in dollarcent
- Minimal price movement : 0,25 dollarcent per bushel (= $ 12,50 per contract)
- Contract listings : January, March, May, July, August, September & November.
- Physical delivery
- Expiration date : the business day prior to the 15th calendar day of the contract month.
Trading example:
- Soyabean price at 936,40.
- The value of one future contract for 'sugar' is 936,4 x 50 $ = 46.820 $.
- Buy at 936,40 and sell at 946,40.
- The minimum price movement of the contract is 0,25 index point.
- The price of soyabeans increases from 936,4 dollarcent to 946,4 dollarcent or 10 dollarcent
- 10 dollarcent x 5.000 = 500 $
When the price for soyabeans goes up from 936,4 to 946,4 this equals a profit of 500 $ on the future contract 'soyabeans'.
