Soybean

FOB Santos (Platts) Soybean Futures

• The product

  Brazil is the largest producer and exporter of soybeans in the world and now, B3, the Brazilian stock exchange, has a risk management tool based on the price of Brazilian soy. The new contract is based on the export price at the port of Santos and financial settlement calculated in dollars per ton by the S&P Global Platts prices assessments. Investors who choose to operate the product will have more transparency in the negotiation and pricing process, in addition to a price that adheres to the Brazilian reality.

  New B3 Soybean Futures Contract. The derivative that drives and protects Brazilian agribusiness.

• Specifications

  Underlying	Bulk soybeans, FOB Santos, 60,000 metric tons.
  Ticker	SOY
  Contract size	34 metric tons (t).
  Quotation	United States Dollars per metric ton (USD/mt), two decimal places.
  Tick size	USD 0.20 per metric ton (USD 6.80 per contract).
  Round-lot	1 contract
  Last trading day	The business day prior to the expiration date.
  Expiration date	The sixteenth day of the month prior to the contract month. If there is no trading session on that day, the expiration date is the day of the next trading session.
  Contract months	All months.
  Settlement on expiration	Cash