# CME changes soybean meal protein specifications, amends futures contract

> CME Group is lowering the minimum protein specification for soybean meal futures by half a percentage point, to a 47.5% par with delivery down to 47.0%. The exchange also relisted several delisted contract months and added new ones, and is weighing St. Louis as a corn futures delivery point.

- Date: 2016-11-23 · published 2016-11-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73927-cme-changes-soybean-meal-protein-specifications-amends-futures-contract
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The contract change reflects lower protein in domestic soybeans, so deliverable meal may be cheaper relative to the old 48% standard. Buyers should check hedge specifications, though the effect on spot prices is limited.

## Read by commodity

- SBM: neutral

## Sources

- feedstuffs.com: https://www.feedstuffs.com/grain-market-news/cme-changes-soybean-meal-protein-specifications-amends-futures-contract

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.