Soybeans have become a major global crop, and soybean futures offer a very liquid market for participants. More than 200,000 contracts are traded on average daily.
The soybean futures market trades on margin. This gives market participants the ability to leverage their cash. This is a benefit to hedgers as they do not have to put up the funds to cover the full value of the contract while still protecting their cash position.
We have the information about soybean futures — including soybean export sales and inspection reports — for you to be a successful futures trader. If trading soybean futures is a fit for you. get started on opening your account today.
In terms of oilseed production, Brazil takes the lead with an estimated 149 MMT for the 2022 season, followed by the United States at 119.15 MMT, and Argentina at 51 MMT. The total global oilseed production is estimated at 389.765 MMT.
Brazil plants soybeans from September to November, and harvests from January to March. On the other hand, in the U.S. and other Northern Hemisphere areas, the growing season for soybeans is from May to June for planting, and from September to October for harvesting.
When it comes to soybean consumption, China leads the world, importing an estimated 97 MMT. The EU follows as the second-largest importer of oilseeds, with an estimated 14.8 MMT.
Regarding soybean crushing, China’s program is the largest in the world. Estimated at 95 MMT. The United States has the second-largest program, estimated at 60.55 MMT. Followed by Brazil, at 50.5 MMT, and Argentina at 41.00 MMT.
The estimated global ending stocks of soybeans have decreased from 120.72 MMT last month to 119 MMT, while showing an increase from 108.49 MMT from the previous year.
The largest ending stocks are held by China, estimated at 30.455 MMT, followed by Brazil at 29.36 MMT, Argentina at 25.4 MMT, and the U.S. at 5.44 MMT.
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Exchange: Chicago Board of Trade
Exchange Symbol: ZS
Tick Size: ¼ cent per bushel ($12.50 per contract)
Contract Size: 5000 bushels
Months: Jan, Mar, May, Jul, Aug, Sep, Nov (F, H, K, N, Q, U, X)
Trading Hours: 7:00 p.m. – 7:45 a.m. (night) 8:30 am – 1:20 pm (1:15pm Settle) Sun-Fri CST
Margin/Maintenance: $4,840/$4,400
Exchange: Chicago Board of Trade
Exchange Symbol: ZM
Tick Size: 10 cents per ton ($10.00 per contract)
Contract Size: 100 tons (2,000 pounds per ton)
Months: Jan, Mar, May, Jul, Aug, Sept, Oct, Dec (F, H, K, N, Q, U, V, Z)
Trading Hours: 7:00 p.m. – 7:45 a.m. (night) 8:30 am – 1:20 pm (1:15pm Settle) Sun-Fri CST
Margin/Maintenance: $3,080/2,800
Exchange: Chicago Board of Trade
Exchange Symbol: ZL
Tick Size: 0.01 points ($6.00 per contract)
Contract Size: 60,000 pounds
Months: Jan, Mar, May, Jul, Aug, Sept, Oct, Dec (F, H, K, N, Q, U, V, Z)
Trading Hours: 7:00 p.m. – 7:45 a.m. (night) 8:30 am – 1:20 pm (1:15pm Settle) Sun-Fri CST
Margin/Maintenance: $3,740/3,400
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