Soybean Oil Futures (ZL) provide traders with exposure to this important vegetable oil. These contracts allow for speculation on soybean oil prices, hedging for producers and food manufacturers, or trading the soybean crush spread.
Contract Size: 60,000 pounds
Example: This contract size allows traders to gain exposure to grains with controlled leverage and risk.
These specifications make Soybean Oil (ZL) Futures suitable for traders seeking exposure to grains markets.
Soybean Oil (ZL) Futures trade with extended hours, providing flexibility for traders in different time zones.
Platform Symbol: ZL
To trade Soybean Oil (ZL) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.
Proper position sizing is crucial when trading Soybean Oil (ZL) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.
For Soybean Oil (ZL) Futures (ZL):
If you want to risk $500 with a 10-point stop loss:
Risk per Contract = Stop Loss in Points × Point Value = 10 × 600.00 per cent = $6000
Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $6000 = 0 contracts