Soybean byproducts dollar value

marameo · Aug 22, 2018

Hi,

I am a beginner with soybean futures and would like to know how dollar values work for soybean oil and meal.

If I buy ZS (Soybeans) at 886.00 and sell it at 887.00 I will make $50

How about ZL (Soybean Oil) buy 28.00, sell 29.00 and ZM (Soybean Meal) buy 330.00, sell 331.00?

Thanks

Overnight · Aug 22, 2018

marameo said:
Hi,

I am a beginner with soybean futures and would like to know how dollar values work for soybean oil and meal.

If I buy ZS (Soybeans) at 886.00 and sell it at 887.00 I will make $50

How about ZL (Soybean Oil) buy 28.00, sell 29.00 and ZM (Soybean Meal) buy 330.00, sell 331.00?

Thanks

You can do the research yourself at the CME website, if that is the exchange you are trading them on.

https://www.cmegroup.com/trading/agricultural/#grainsAndOilseeds

In case you are not good at maths, on ZL, one point would get you $600, and one point on ZM would get you $100.

vanzandt · Aug 22, 2018

Overnight said:
You can do the research yourself at the CME website, if that is the exchange you are trading them on.

https://www.cmegroup.com/trading/agricultural/#grainsAndOilseeds

In case you are not good at maths, on ZL, one point would get you $600, and one point on ZM would get you $100.

Have you tried the new soybean-meal crust at Papa Johns yet?

Overnight · Aug 22, 2018

vanzandt said:
Have you tried the new soybean-meal crust at Papa Johns yet?

*sighs* Kill you. I am no longer allowed to talk about fast-food pizza on the forum, it gets me into trouble, and you KNOW this. I guess that is why I love you.

marameo · Aug 30, 2018

Overnight said:
In case you are not good at maths, on ZL, one point would get you $600, and one point on ZM would get you $100.

Ok, so this should be the formula for the crush spread notional value in dollars:

https://it.tradingview.com/symbols/spread/CBOT:ZMZ2018*100+CBOT:ZLZ2018*600-CBOT:ZSX2018*50/

marameo · Aug 30, 2018

Also, I'd like to know if this is the correct notional value for the aussie gold spread (long 2 aussie futures short one gold future):

https://it.tradingview.com/symbols/spread/CME:A6Z2018*2*100000-COMEX:GCZ2018*100/

($24600 as of now)

When it comes to future spread it's easier for mw to think in terms of notional value rather then tick value.

thanks