MZM tick value & contract specs
Micro Soybean Meal (MZM) futures trade on CBOT. The price moves in ticks of 0.2, each tick is worth $2 per contract, and a full one-point move is worth $10 per contract.
MZM contract specifications
| Symbol | MZM |
|---|---|
| Contract | Micro Soybean Meal |
| Exchange | CBOT |
| Tick size | 0.2 |
| Tick value (per contract) | $2 |
| Point value (per contract) | $10 |
| Ticks per point | 5 |
| Contract size | 10 short tons |
| Electronic hours (ET) | Sun–Fri 8:00pm – 8:45am, then 9:30am – 2:20pm |
Hours shift around US holidays and early closes. Check CME Group's trading-hours page before relying on them for a specific date.
This is the smaller version of ZM (Soybean Meal), which is worth $10 per tick. ZM specs →
MZM ticks to dollars
10 ticks × 1 contract = $20
MZM tick value table
Dollar value of a move in MZM before commissions, at $2 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $2 | $4 | $10 | $20 |
| 4 | $8 | $16 | $40 | $80 |
| 10 | $20 | $40 | $100 | $200 |
| 20 | $40 | $80 | $200 | $400 |
| 40 | $80 | $160 | $400 | $800 |
Worked example
You buy 2 MZM contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $2 × 2 contracts = $40. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$2 per contract. MZM moves in increments of 0.2, and each increment changes the value of one contract by $2.
$10 per contract. One point is 5 ticks of 0.2.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
More contracts: Agricultural
Futures P&L calculator with MZM selectedFutures Position Size Calculator (Free, No Signup) — FillbookFutures Trading Journal: Auto-Sync & Real Tick P&L — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged MZM trade. Confirm specifications with the exchange before trading. CBOT contract specifications