1. Scope
The Standard herein dictates the quality guidelines, classification standards and inspection methods for No.2 Soybeans delivered at the DCE.
The Standard herein applies to DCE futures contract delivery standards for standard and substitute No.2 Soybeans.
The Standard herein refers to Soybeans with a yellow seed coat; a yellow-brown, light-brown, dark-brown or black inside; and with a round, oval or oblate shape.
2. Standards cited
The following documents¡¯ provisions, by means of this standard¡¯s citation, have become this standard¡¯s provisions. For those documents noted with dates, their amendments and revised versions have not been applied to this standard; for those without noted dates, their latest version has been applied to this standard.
SN/T 0798-1999 inspection of grain, oil, and feed imported & exported; terms of inspection;
SN/T 799-1999 inspection of grain, oil, and feed imported & exported; general rules of inspection;
SN/T 0800.1-1999 inspection of grain, oil, and feed imported & exported; sample and methods of sampling;
SN/T 0803.1-1999 inspection methods of oil imported & exported and its crude fat;
SN/T 0803.9-1999 inspection methods of oil imported & exported and its crude protein;
SN/T 0803.7-1999 inspection methods of oil imported & exported and its moisture & volatile;
SN/T 0803.6-1999 inspection methods of oil imported & exported and its impurity;
SN/T 0803.2-1999 inspection methods of oil imported & exported and its unsound kernel;
No.148 of National Grain [1999]: Grain and Oil Storage Quality Judgment Rules (temporary)
3. Definitions
The following definitions are applied to the Standard.
3.1 Crude Fat: subject to the relevant explanation in SN/T 0798-1999
3.2 Crude Protein: subject to the relevant explanation in SN/T 0798-1999
3.3 Moisture and Volatiles: subject to the relevant explanation in SN/T 0798-1999
3.4 Impurities: subject to the relevant explanation in SN/T 0798-1999
3.5 Broken, Damaged and Heat-Damaged Kernels: subject to the relevant explanation in SN/T 0798-1999
3.6 Color and Odor: subject to the relevant explanation in SN/T 0798-1999
3.7 Control Guidelines of Storage Quality: subject to the relevant explanation in [1999] National Grain No. 148: ¡°Grain and Oil Storage Quality Rules (temporary)¡±
4. Quality Guidelines
4.1 Standard No.2 Soybean Futures Contract Delivery Quality and Technology Requirements

4.2 No.2 Yellow Soybeans Futures Contract Quality Premium/Discount

4.3 Control guidelines for soybean storage quality:
Warehouse entry guideline: suitable for storage
Warehouse exit guideline: no deterioration
4.4 Permitted range of broken kernels of scattered and deliverable soybeans at time of warehouse exit: ¡Ü25%
4.5 Sanitation inspection and propagation quarantine are executed subject to the relevant national standards and rules.
5. Inspection Methods
5.1 Inspection of general rules is subject to SN/T 0799-1999.
5.2 Methods of sample and sampling are subject to SN/T 0800.1-1999.
5.3 Inspection of crude fat is subject to SN/T 0803.3-1999.
5.4 Inspection of crude protein is subject to SN/T 0803.9-1999.
5.5 Inspection of moisture and volatiles is subject to SN/T 0803.7-1999.
5.6 Inspection of impurities is subject to SN/T 0803.6-1999.
5.7 Inspection of broken, damaged and heat-damaged kernels is subject to SN/T 0803.2-1999.
5.8 Inspection of color and odor is subject to SN/T 0798-1999 and SN/T 0800.1-1999.
5.9 Control guidelines for storage quality are subject to No.148 of National Grain [1999]: Grain and Oil Storage Quality Judgment Rules (temporary)
Notes:
The DCE is responsible for the interpretation of the standard herein.

Trading History

No. 2 Soybean contracts began trading at the DCE on September 22nd, 2004.  No. 2 Soybeans were previously traded at the DCE under the general heading ¡°Soybeans¡±.