Soybean meal futures are popular futures contracts on agricultural products. They serve as a benchmark for the current value of soybean meal and provide good opportunities for diversifying investments and hedging. Soybean meal derived from soybeans; that is why the price strongly depends on the soybeans price and crop yields. Soybean meal CFDs are quoted in US dollars per short ton (1 contract includes 1 short ton, which is equal to 0.907 metric tons, 1 lot contains 200 short tons).
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