Soybean Oil Futures Contract Specifications
ZL · CBOT · one contract = 60,000 lbs
Soybean Oil futures (ZL) trade on CBOT in 0.01-increment ticks worth $6.00 per contract; a full 1.0-point move is $600.00. One contract covers 60,000 lbs.
Specification table
| Name | Soybean Oil |
| Exchange | CBOT |
| Ticker symbol | ZL |
| Contract unit | 60,000 lbs |
| Tick size | 0.01 |
| Tick value | $6.00 |
| Point value | $600.00 |
| CFTC contract code | 007601 |
| COT report families | legacy, disagg |
| Quote convention | quoted in cents/lb |
Worked tick math
A 10-tick move on 1 Soybean Oil contract (ZL) is $60.00 — tick size 0.01 × tick value $6.00. A 1-point move is 100 ticks = $600.00. Ten contracts moving 5 ticks = $300.00.
Run your own numbers: Soybean Oil futures calculator.
Positioning: large speculators are net long 114,142 contracts as of the 2026-07-21 COT report — full Soybean Oil COT data.
FAQ
- What is the tick size and value of Soybean Oil futures?
- Soybean Oil (ZL, CBOT) moves in 0.01 increments worth $6.00 per contract.
- What does one ZL contract cover?
- One contract covers 60,000 lbs.
- How much is a full point on ZL?
- $600.00 — tick value ÷ tick size.
Related
Soybean Oil COT report
Soybean Oil calculator
Soybean Oil COT history (CSV)
All contract specs
All calculators
Specs verified against exchange sources 2026-07-25; the exchange's own contract page is always authoritative. Not investment advice.