SOYAMEAL (CSM)
The value of one future contract of soyameal is 100 x the value of the price of soyameal.
The contracts are traded on CME
Contract specifications
- Underlying value : 100 short tons soyameal
- Contract size : 100 x price of 1 ton soyameal
- Minimal price fluctuation : 0,1 (= $ 10 per contract)
- Contract listings : January, March, May, July, August, September, October & December.
- Physical delivery
- Expiration date : the business day prior to the 15th calendar day of the contract month.
Trading example:
- Soyameal @ 274,60 $ / ton
- The value of one future contract for 'soyameal' is 274,60 x 100 $ = 27.460 $.
- Buy at 274,60 and sell at 280.
- The value of one full index point is 100 $.
- The value of 5,4 = 540 $
- When the price of soyameal goes up from 274,60 to 280, then a profit of 540 $ on the future contract for 'soyameal' is realised.
