Chicago Board of Trade (CBOT)
Chicago Board of Trade is the largest and most representative agricultural product exchange in the world. /kloc-At the beginning of the 9th century, Chicago was the largest grain distribution center in the United States. With the continuous concentration of grain trading and the development of forward trading methods, the Chicago Board of Trade was established in 1848 by 82 grain traders. After the establishment of the exchange, the trading rules have been continuously improved, and in 1865. The Chicago Board of Trade not only provides futures trading for agricultural products such as corn, soybeans and wheat, but also provides futures trading markets for medium and long-term US Treasury bonds, stock indexes, municipal bond indexes, gold and silver, and provides options trading for agricultural products, finance and metals. The futures prices of corn, soybean, wheat and other varieties on the Chicago Board of Trade have not only become important reference prices for American agricultural production and Canada, but also become authoritative prices in international agricultural trade.
CBOT soybean
The contract unit is 5000 bushels
Delivery of secondary soybeans or substitutes designated by the exchange.
The quotation unit is cents or 1/4 cents per bushel.
The minimum price change is 1/4 cents/bushel (12.50 USD/piece).
The daily price limit is 30 cents/bushel higher or lower than the settlement price of the previous day (which can be extended to 45 cents), but there is no such limit in the spot month.
Contract Month 9, 1 1, 1, 3, 5, 7, 8
Last trading day The seventh trading day from the bottom of the delivery month.
The last trading day of the delivery month.
Trading hours are 9: 30am-1:65438+05pm, Monday to Friday, Chicago time.
Item A: 9: 00 pm-4: 30 am Chicago time from Sunday to Thursday.
CBOT soybean meal
Trading unit 100 short ton (each short ton = 2000 pounds)
Protein content of delivery grade is above 48%.
Quote in dollars and cents/short tons
The minimum price change is 10 cents/short ton (10 USD/contract).
Daily price fluctuation limits the settlement price of the previous trading day to USD 65,438+USD 00/short ton (USD 65,438+USD 0,000/contract). There is no limit to the spot monthly contract.
(The restriction will be cancelled within 2 days before the spot month)
The contract months are 165438+ 10, 65438+February, 65438+ 10, March, May, July, August and September.
Last trading day 7 days before the last trading day of the delivery month. For contracts on or after June 5438+ 10, 2000, the last trading day is 15 before the expiration month of the contract.
Last delivery date: the second day of the last trading day of the delivery month.
The trading time is 9: 30am-1:15, Chicago time. Expired contracts end at noon on the last trading day.
The trading time of item A is from 8: 00 p.m. to 5: 00 a.m. the next day, Chicago time.
Transaction code SM
CBOT wheat
The contract unit is 5000 bushels
Delivery grade 1 northern spring wheat, No.2 soft red wheat, No.2 hard red winter wheat and No.2 northern black spring wheat.
The quotation unit is cents or 1/4 cents per bushel.
The minimum price change is 1/4 cents/bushel (12.50 USD/piece).
The daily price limit is 20 cents/bushel higher or lower than the settlement price of the previous day (which can be extended to 30 cents), but there is no such limit in the spot month.
Contract months 7, 9, 12, 3 and 5.
Last trading day The seventh trading day from the bottom of the delivery month.
The last trading day of the delivery month.
Trading hours are 9: 30am-1:65438+05pm, Monday to Friday, Chicago time.
Item A: 9: 00 pm-4: 30 am Chicago time from Sunday to Thursday.