- Symbol
- YK
- Exchange
- CBOT
- Contract Size
- 1,000 Bushels
- Tick Size
- 0.125 = $1.25
About CBOT Mini Soybean Futures
Soybeans have a seemingly limitless range of uses. Most importantly, of course, they serve as a central ingredient in baby food, diet-food products, beer, ale, noodles, cooking oil, margarine, mayonnaise, salad dressing, shortening, etc. Lecithin is a natural emulsifier derived from soybeans. Several important low-fat sources of protein, such as tofu, miso, and soymilk also use soybeans as a major ingredient.
Soybeans are increasingly being seen as renewable resource with many industrial applications, too. For example, many publications are printed using soy ink, which is more environmentally-friendly than petrochemical-based inks. Soy diesel is a new energy source that's capturing the attention of the trucking industry. And soybeans are also used in adhesives, cleaning material, polyesters, and other textiles.
CBOT Mini Soybean Futures Specifications
Mini Soybean futures, Chicago Board of Trade, symbol YK. This contract covers 1,000 bushels. The minimum tick is 0.125, worth $1.25 per contract.
Trade electronically from 7:00 PM US EST until 2:45 PM US EST Sunday through Friday.
Principal trading months are January, March, May, July, August, September, and November.
Please see the disclosures page for additional information regarding this section.
