What Are Soybean Futures?
Soybean Futures (ZS) are futures contracts based on the price of soybeans, one of the most important agricultural commodities globally. These contracts are widely used by farmers, traders, and investors to hedge against price fluctuations or speculate on changes in supply and demand dynamics within the soybean market. The ZS contract is highly liquid and plays a crucial role in global agriculture and food industries.
Contract Size
- Contract Size: 5,000 bushels of soybeans.
Trading Hours
- 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: $12.50 per tick.
- Minimum Price Fluctuation: $0.0025 per bushel.
This makes Soybean Futures an excellent choice for traders seeking liquidity, leverage, and exposure to agricultural markets.
Trading Symbol
- Platform Symbol: ZS
Margins
To trade 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 Soybean Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Used by farmers, agricultural companies, and processors to hedge against price fluctuations.
- Global Influence: Soybean prices are influenced by weather patterns, global demand, and production levels, making it a key commodity in agriculture.
- Diversification: Add exposure to agricultural markets to complement equity or energy investments.
- Price Discovery: Futures markets provide an effective mechanism for determining the fair price of soybeans.
Start Trading ZS with Ironbeam
Ironbeam provides a robust trading platform and API to help you access 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.