SOYAOIL (CSO)
The value of one future contract of Soyaoil is 600 x the value of the soyaoil-price.
The contracts are traded on CME
Contract specifications
- Underlying value : 60.000 pound 'soyaoil'
- Value : price of 100 pounds soyaoil x 600
- Minimal price fluctuation : 0,01 (= $ 6 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:
- Soyaoil at 38,10 $
- The value of one future contract for 'soyaoil' is 38,10 x 600 $ = 22.860 $.
- Buy at 38,10 and sell at 38,46.
- The price of soyaoil increases from 38,10 $ to 38,46 $ or t0,36 $
- 0,36 x 600 = 216 $
- When the soyaoil price goes up from 38,10 to 38,46, this equals a profit of 216 $ on the future contract for 'soyaoil'.
