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  5. Mini Soybean Futures (XK) Contract Specifications
  1. Home
  2. Knowledge Base
  3. Futures Contract Specifications
  4. Mini Soybean Futures (XK) Contract Specifications

Mini Soybean Futures (XK) Contract Specifications

What Are Mini Soybean Futures?

Mini Soybean Futures (XK) are a smaller-sized version of the standard Soybean Futures contract. These contracts provide exposure to the price of soybeans, a key agricultural commodity, while allowing traders to participate in the soybean market with a lower financial commitment. Mini Soybean Futures are ideal for traders seeking flexibility and precision in managing their exposure to agricultural markets.

Contract Size

  • Contract Size: 1,000 bushels of soybeans (one-fifth of the standard Soybean Futures contract size).

Trading Hours

The Mini Soybean Futures contract trades nearly 24 hours a day, five days a week, providing consistent access to the global agricultural markets.

  • Sunday – Friday: 7:00 PM to 7:45 AM CT
  • Monday – Friday: 8:30 AM to 1:20 PM CT
  • Time Zone: Central Time (CT).

Tick Value and Increment

  • Tick Size: $0.0025 per bushel.
  • Tick Value: $2.50 per tick.
  • Minimum Price Fluctuation: $0.0025 per bushel.

This makes Mini Soybean Futures an excellent choice for traders seeking liquidity, leverage, and exposure to agricultural markets with a smaller financial commitment than full-size contracts.

Trading Symbol

Margins

To trade Mini Soybean Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.

Why Trade Mini Soybean Futures?

  • Liquidity: High liquidity ensures tight spreads and efficient execution.
  • Hedging Opportunities: Widely used by farmers and agricultural traders to hedge against price fluctuations in the soybean market.
  • Accessibility: Smaller contract size makes it easier for retail traders to gain exposure to the soybean market.
  • Diversification: Add exposure to the agricultural sector to complement other market investments.
  • Price Discovery: Futures markets provide an effective mechanism for determining the fair price of soybeans.

Start Trading XK with Ironbeam

Ironbeam provides a robust trading platform and API to help you access Mini Soybean Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.

 

DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.

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