Soybean Meal and Oil Trading Rules
NOPA has published its Trading Rules for the Purchase and Sale of Soybean Meal and the Purchase and Sale of Soybean Oil since 1933 and 1930, respectively.
Application of NOPA’s Trading Rules
These Trading Rules are to serve solely as a guide to facilitate the efficient negotiation and execution of domestic and export transactions. It is understood that the buyers and sellers to such transactions are free to adopt, modify, or disregard any or all of these Trading Rules and Appendices as mutually agreed upon by both parties.
NOPA SBM Trading Rules – effective October 1, 2024
NOPA SBO Trading Rules – effective October 1, 2024
AOCS/NOPA Certified Labs Program
NOPA has an agreement with the American Oil Chemists Society (AOCS) to oversee annual performance testing and certification of the NOPA Official Referee Laboratories and Official Referee Chemists designated under the NOPA Trading Rules. For more information about the AOCS/NOPA Lab Certification Program, please visit the AOCS website.
Trading Rules Committees
NOPA has a Soybean Meal Trading Rules Committee and a Soybean Oil Trading Rules Committee comprised of buyers and sellers who review NOPA’s Trading Rules and, when modern commercial practices warrant changes, recommend revisions for approval by NOPA’s Board of Directors. To facilitate this process, each Committee meets annually to ensure effectiveness and usefulness of NOPA’s Trading Rules and related administrative programs with input from NOPA’s Food/Feed Safety & Quality Advisory Group, NOPA’s Designated Professional Engineer, and/or AOCS, as appropriate.
NOPA’s Trading Rules have been amended numerous times since their initial adoption, and are published annually at the start of each marketing year on October 1.