Trade: CME GROUP (CME Globex, Open Outcry / Chicago)
Commodity trading with Soybean oil

Commodity Soybean oil

Soybean oil is an edible oil obtained by extracting or pressing the seeds of soybeans. Soybean oil is the basis for the industrial production of countless edible & table oils, margarine varieties as well as baking & deep-frying fats. Oil refining also yields lecithin, which is used as an emulsifier and stabilizer, and as a humectant and binder in almost all industrially produced foods, from chocolate and ice cream to pastries and meat products.

Trade data on Soybean oil

Product symbol: BO

Trade: CME GROUP (CME Globex, Open Outcry / Chicago)
Contract size: 60000 pounds
Trade price: Cents per pound
Minimum trade movement: 0.01 Cent per pound
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