SOYF

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 Requirements

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 FRIEDBERG DIRECT 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.

Target Spread

SOYF has a target spread of 11.6 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. Friedberg Direct’s pricing displays an additional decimal place - ideal for scalpers in a fast-moving market.

Number of Friedberg Direct Contracts to Equal 1 Future

50 Friedberg Direct SOYF contracts are currently equivalent to one Soybean Future.

Other Information

SOYF has no financing cost (Rollover).