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How much is the futures US soybean meal 12 going up by one point?
The contract unit of CBOT American soybean flour is: 100 short ton/hand.

The quotation unit is: US dollars and US cents/short tons.

Minimum price change: 10 cents/short ton or 0. 1 USD/short ton.

For example, the closing price of the contract 1202 on June 30th of Rumei Bean Powder is 493.50 (USD/short ton).

Because the minimum price change is 10 (cents/short ton), which is 0. 1 (USD/short ton).

So the change is a point: 0. 1 USD * 100 short ton =1USD.

A point increase is $ 10.