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How to price Chicago futures soybean meal?
Contract specifications: each batch 100 short tons (1 short tons = 2,000 lbs).

Delivery grade: First-class soybean meal with protein content of 48%.

Quotation unit: USD/short ton

Lowest price change: 10 cents/short ton (10 USD/lot)

Fluctuation range: yesterday's settlement price was around USD 20/short ton, and the spot monthly contract is not limited by fluctuation range.

Contract months: 10, 12, 1, 3, 5, 7, 8, 9.

Last trading day: any working day before the fifteenth calendar day of the delivery month, and the contract expires at noon on the last trading day.

Last delivery date: the second working day after the last trading day.