Trade Soybean Meal Spot CFD

Trading Conditions

• TypeThis financial instrument is available for trading through CFDs and Knock-outs.Knock-out options available only for selected countries.Learn more about:CFDsKnock-outs:
  CFD

  

  Knock-out

  
• Spread: 0.3
• Long position overnight funding adjustmentLong position overnight funding adjustmentMargin. Your investment$1,000.00Overnight funding adjustmentCharges from full value of position-0.01096 %(-$1.10)Trade size with leverage ~ $10,000.00Money from leverage ~$9,000.00Go to platform: -0.01096%
• Short position overnight funding adjustmentShort position overnight funding adjustmentMargin. Your investment$1,000.00Overnight funding adjustmentCharges from full value of position-0.01096 %(-$1.10)Trade size with leverage ~ $10,000.00Money from leverage ~$9,000.00Go to platform: -0.01096%
• Overnight funding adjustment time: 22:00 (UTC)
• Currency: USD
• Min traded quantity: 0.1
• Margin: 10.00%
• Commission on trade: 0%
• Guaranteed stop premiumA guaranteed stop-loss (GSL) fee is only charged if the GSL is triggered. Please consult the Charges and Fees section of our website for more details.: 0.1%

• Margin. Your investment: $1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.01096 %
  (-$1.10)

• Margin. Your investment: $1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.01096 %
  (-$1.10)

Trade Soybean Meal Spot

Price constructed using front two months of Soybean Meal futures.

Each day at 19:19:55 UTC, the undated commodity price is adjusted to reflect the difference between the settlement price of front- and back-month futures. At the same time, a matching cash adjustment is applied — ensuring the overall position remains neutral as the roll progresses. This cash adjustment is fully offset by the running profit or loss on the position.

Soybean meal is widely-used in poultry and livestock feeding diets. It has become a major ingredient of the fodder for livestock and fish. Soybean meal is manufactured by grinding qualitative residues, left from soybean oil production, and looks like a yellowish-green flour. It is considered a good supplement of protein and is used all over the world. The meal has also a good amino acid balance and general nutrient content. Soybean meal futures are traded on the Chicago Mercantile Exchange (CME Globex) under the ticker symbol ZM. The contract size comprises 100 short tonnes (91 metric tonnes). Get real-time data on the soybean meal prices at Capital.com.

Undated commodities are priced using the front two futures contracts, and are subject to a daily adjustment at 22:00 UK time. This adjustment offsets one day's movement between the two futures contracts and is made separately to the overnight charge.