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Product No.2 Soybeans
Trading Unit 10MT/Contract
Price Quote RMB Yuan/MT
Tick Size 1 Yuan/MT
Daily Price Limit 4% of Last Settlement Price
Contract Months Jan, Mar, May, July, Sep, Nov
Trading Hours 9:00 - 11:30 am., 1:30 - 3:00 pm. Beijing Time, Monday - Friday
Last Trading Day 10th Trading Day of the Delivery Month
Last Delivery Day 3rd Day after the Last Trading Day of the Delivery Month
Deliverable Grades In accordance with DCE No.2 Soybean Delivery Quality Standard(FB/DCE D001-2005)
Delivery Location The Warehouses Designated by DCE
Minimum Trading Margin 5% of the Contract Value
Trading Fee No more than 4 Yuan/Contract
Delivery Form Physical Delivery
Ticker Symbol B
 
DCE No.2 Yellow Soybean Futures Delivery Quality Standard (FB/DCE D001-2005)

1. Scope
The Standard rules the quality guidelines, classification standards and inspection methods of No.2 yellow soybeans futures contract delivered at DCE.
The Standard is subject to the deliverable soybeans at par and its substitution of DCE No.2 yellow soybeans futures contract.
The yellow soybeans in the Standard refers to those with a seed coat of yellow, with a hilum of filemot, hazel, puce or black, and with a shape of round, flat round, oval or long oval.
2. Standards cited
The articles and clauses ruled by the following standards are the ones of the Standard after being cited. All versions are effective when the Standard is published. The DCE will adopt the latest version when any of the following standards is revised.
SN/T 0798-1999 inspection of grain, oil, and feed imported & exported; terms of inspection;
SN/T 799-1999 inspection of grain, oil, and feed imported & exported; general rules of inspection;
SN/T 0800.1-1999 inspection of grain, oil, and feed imported & exported; sample and methods of sampling;
SN/T 0803.1-1999 inspection methods of oil imported & exported and its crude fat;
SN/T 0803.9-1999 inspection methods of oil imported & exported and its crude protein;
SN/T 0803.7-1999 inspection methods of oil imported & exported and its moisture & volatile;
SN/T 0803.6-1999 inspection methods of oil imported & exported and its impurity;
SN/T 0803.2-1999 inspection methods of oil imported & exported and its unsound kernel;
No.148 of National Grain [1999]: Grain and Oil Storage Quality Judgment Rules (temporary)
3. Definitions
The following definitions are applied to the Standard.
3.1 Crude Fat: subject to relevant explanation of SN/T 0798-1999
3.2 Crude Protein: subject to relevant explanation of SN/T 0798-1999
3.3 Moisture and Volatile: subject to relevant explanation of SN/T 0798-1999
3.4 Impurity: subject to relevant explanation of SN/T 0798-1999
3.5 Broken, Damaged and Head Damaged Kernel: subject to relevant explanation of SN/T 0798-1999
3.6 Color and Odor: subject to relevant explanation of SN/T 0798-1999
3.7 Control Guidelines of Storage Quality: subject to relevant explanation of No.148 of National Grain [1999]: Grain and Oil Storage Quality Judgment Rules (temporary)
4. Quality Guideline
4.1 Quality and Technology Requirements for Delivery at Par of No.2 Yellow Soybeans Futures Contract

Crude Fat %

Crude Protein %

Moisture and volatile %

Impurity %

Broken   Kernel %

Damaged Kernel %

Color and Odor

Total

Including: heat damaged Kernel

R18.5

R34.5

13.5

2.0

20.0

3.0

5.0%

Normal


4.2 No.2 Yellow Soybeans Futures Contract Quality Premium/Discount

Item

Quality Standard %

Permitted Range %

Premium(+)/ Discount(-)

Crude fat

R18.5

R16.5 and <18.5

-120

Crude protein

R34.5

R33.5 and <34.5

-50

Moisture and volatile

13.5

Delivered in Nov., Jan., Mar. Contracts: 14.5 

-50

Damaged Kernel

Total

3.0

8.0

-30

Including: heat damaged Kernel

0.5

5.0

4.3 Control Guideline of Soybeans Storage Quality:
In-warehouse guideline: suitable storage
Out-warehouse guideline: not fusty
4.4 The Permitted Range of Out-warehouse Broken Kernel of Scattered and Deliverable Soybeans: 25%
4.5 Sanitation Inspection and Propagation Quarantine are executed subject to relevant national standards and rules.
5. Inspection Methods
5.1 Inspection of general rules is subject to SN/T 0799-1999.
5.2 Methods of sample and sampling are subject to SN/T 0800.1-1999.
5.3 Inspection of crude fat is subject to SN/T 0803.3-1999.
5.4 Inspection of crude protein is subject to SN/T 0803.9-1999.
5.5 Inspection of moisture and volatile are subject to SN/T 0803.7-1999.
5.6 Inspection of impurity is subject to SN/T 0803.6-1999.
5.7 Inspections of broken, damaged and heat damaged kernels are subject to SN/T 0803.2-1999.
5.8 Inspections of color and odor are subject to SN/T 0798-1999 and SN/T 0800.1-1999.
5.9 Control guidelines of storage quality are subject to No.148 of National Grain [1999]: Grain and Oil Storage Quality Judgment Rules (temporary)
Notes:
The Standard is explained by The Dalian Commodity Exchange.
 
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