What is one tick worth on Soybean Meal (ZM)?

$10.00 per contract — the contract moves in 0.1 increments.

What is a full point worth on ZM?

$100.00 per contract (tick value ÷ tick size).

Soybean Meal Futures Calculator

ZM · CBOT · tick 0.1 = $10.00 · point = $100.00

Contract

Direction

Entry price

Exit price

Contracts

Round-turn fee per contract ($, optional)

Worked example — A 10-tick move on 1 Soybean Meal contract (ZM) is $100.00 — tick size 0.1 × tick value $10.00.

Exchange	CBOT
Symbol	ZM
Contract unit	100 short tons
Tick size	0.1
Tick value	$10.00
Point value	$100.00
Quote note	quoted in dollars/short ton

Full contract details: Soybean Meal specifications · positioning: Soybean Meal COT report · history: CSV.

FAQ

What is one tick worth on Soybean Meal (ZM)?: $10.00 per contract — the contract moves in 0.1 increments.
What is a full point worth on ZM?: $100.00 per contract (tick value ÷ tick size).
How much is a 10-tick move on ZM?: $100.00 per contract.

More futures tools

Trading P&L calculator Position size calculator Stop loss / take profit Leverage calculator Tick value calculator Margin calculator Contract specs

Calculators are arithmetic on contract specifications, not advice. Futures trading involves substantial risk of loss. Specs from exchange sources, verified 2026-07-25 — methodology.