Biodiesel Outright - Soybean Oil Penultimate Day 1st Line Balmo Future31687086
ICE Futures Europe
Biodiesel Outright - Soybean Oil Penultimate Day 1st Line Balmo Future
Description
A balance of the month cash settled future based on the daily settlement price for US Soybean Oil Futures (in metric tonnes), excluding the last business day of each contract month
Market Specifications
- Trading Screen Product Name
- Biodiesel Futures (balmo)
- Trading Screen Hub Name
- Soybean Oil Pen 1st Line
- Contract Symbol
- SOW
- Contract Size
- 100 metric tonnes (220,462 pounds)
- Unit of Trading
- Any multiple of 100 metric tonnes
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) per metric tonne
- Settlement Price Quotation
- One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
- One tenth of one cent ($0.001) per metric tonne
- Last Trading Day
- Trading shall cease at the close of trading on the penultimate business day of the contract month.
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the settlement prices as made public by CBOT for the Soybean Oil Futures contract month subsequent to the IFEU Soybean Oil Penultimate Day 1st Line Future contract month being final settled (see schedule table here), excluding the last business day of each contract month.
Conversion factor: 1 metric tonne = 2,204.62 pounds (lb)
Click here for the Soybean Oil Schedule. - Contract Series
- Up to 2 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for CBOT, excluding the last business day of each contract month
- Linked Future
- Yes
- MIC Code
- IFEU
- Clearing Venues
- ICEU
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Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:05 PM* 19:50 - 18:05 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:05 PM 00:50 - 23:05 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:05 AM* 08:50 - 07:05 | 8:40 AM 08:40 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Ref Outright mt
- Physical
- SOW
- Logical
- SOW
- GMI (FC)
- 9*
- ION A.C.N.
- Symbol Code
- SOW