The underlying instrument for SOYF is the Soybean Futures contract.
Soybean is a renewable resource produced mainly in the US, South America and China that can be used both as a source for oil and a substitute for meat.
Margin Requirement's may differ depending on account type and can be viewed in the dealing rates and create order windows on the trading station or by clicking here.
Trading Hours, Expiration and Reference Month
Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted here. FXCM expiration dates and current reference month for SOYF are located in the FXCM CFD Expiration PDF.
If you have an open position, the reference month you are trading will not be changed, although expiration dates may be amended. Upcoming reference months may be changed with no prior notice. Please ensure you are aware of which reference month is currently being priced, prior to opening a trade.
Clients that hold an open position on the ‘FXCM Expiration’ will be closed at our bid/offer at 17:00 New York time for SOYF, which means the client will realise any floating P/L at the time it is closed. When SOYF expires, all pending Entry orders and Stop/Limit orders that are associated with the expiring contract will be cancelled. Clients will need to re-establish another position if desired after the expiration and reinsert Stop and Limit orders to the new open position.
SOYF has a target spread of 7.5 pips/points
Max Contract Size
The maximum number of contracts per click (trade) for SOYF is 500
Minimum Pip Cost (Value)
SOYF has a minimum value of 0.10 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).
The pip/point location is shown below. Each 0.10 price movement on SOYF is 1 pip/point. FXCM’s pricing displays an additional decimal place - ideal for scalpers in a fast-moving market.
Number of FXCM Contracts to Equal 1 Future
50 FXCM SOYF contracts are currently equivalent to one Soybean Future.
SOYF has no financing cost (Rollover).
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