Are soybeans and soybean meal the same trade product?
No. Soybeans are the oilseed input; meal is a solid feed co-product of oil extraction, with its own composition, specifications, uses and price reference.
How large is one CME soybean meal contract?
CME specifies 100 short tons, approximately 91 metric tons.
Is the CME soybean meal value a delivered physical price?
No. It is a reference-market contract quoted per short ton. A delivered physical value additionally needs specification, origin, basis, Incoterm, destination, logistics, delivery timing and evidence vintage.
Which fields make soybean meal offers comparable?
Processing method, protein and moisture basis, fibre and residual-oil limits, heat-treatment and safety evidence where required, GMO or identity-preserved status, origin, quantity, currency, Incoterm, destination, delivery window and evidence date.