Soybean Oil Derivatives Contracts

Soybean oil is a widely traded agricultural commodity derived from soybeans, commonly used in food production, cooking, and various industrial applications. Soybean oil is a staple of global food and energy supply chains, with its price reflecting biofuel policy, crop yields, and shifting demand across markets.

The Soybean Oil Derivatives Contract is a derivative whose underlying is Crude Soybean Oil consisting exclusively of either Expeller Pressed, Expeller Pressed Degummed, Solvent Extracted, or Solvent Extracted Degummed soybean oil, with no mixtures of these types permitted, containing not more than 0.3% moisture and volatile matter, lighter in green color than Standard "A", producing, when refined and bleached, an oil not darker than 3.5 Red on the Lovibond Scale, having a refining loss not exceeding 5% as determined by the Neutral Oil Method, a flash point of not less than 250°F (121°C) using the Closed Cup Method, and otherwise complying with all applicable quality requirements specified under these Rules.