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Soybean Meal Dec '23 (ZMZ23)

421.1s unch (unch) 12/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Thu, Dec 14th, 2023
Day Low
421.1
Day High
421.1
Open 0.0
Previous Close 421.1 421.1
Volume 130 130
Open Interest 0 0
Stochastic %K 10.06% 10.06%
Weighted Alpha +3.24 +3.24
5-Day Change -3.4 (-0.80%) -3.4 (-0.80%)
52-Week Range 361.8 - 479.0 361.8 - 479.0
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Soybean Meal Futures Market News and Commentary

Soybeans Falling Back at Wednesday’s Midday

Soybeans are trading with midweek losses of 5 to 13 cents across the nearbys on Wednesday CmdtyView’s national front month Cash Bean price was up 33 cents at $10.07 ½. Soymeal futures were $3.40/ton higher on the session. Soy Oil were back down 114 points on the session.

Late on Tuesday, President Trump followed the Mexico and Canada tariff threat with a February 1 start date for potential 10% tariffs on China and the EU. Overnight, China has halted soybean imports from 5 Brazilian firms citing phytosanitary requirements.

S&P Global estimates the 2025 corn acreage to total 83.3 million acres, a 700,000 acre decrease from the previous estimate in December.

Mar 25 Soybeans  are at $10.54 1/4, down 13 cents,

Nearby Cash  is at $9.94 3/4, down 13 1/4 cents,

May 25 Soybeans  are at $10.66 1/2, down 11 1/4 cents,

Nov 25 Soybeans  are at $10.44 1/2, down 5 1/4 cents,

New Crop Cash  is at $9.79 1/4, down 5 1/4 cents,

On the date of publicat... Read more

Contract Specifications

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Contract
Soybean Meal
Contract Size
100 tons (2,000 pounds per ton)
Tick Size
10 cents per ton ($10.00 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:20p.m. (Settles 1:15p.m.) (Sun-Fri) CST
Exchange
CBOT
Point Value
$100
Margin/Maintenance
$2,310/2,100
First Notice Date
11/30/23
Expiration Date
12/14/23 (expired)

Seasonal Chart

Soybean Meal Dec '23
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Jan 14, 2025

View Chart Details
Commercials - Long / Short
278,713 (+16,808)
267,831 (+16,235)
Non-Commercials - Long / Short
97,806 (-6,728)
127,832 (-2,863)
Producers - Long / Short
156,108 (+1,273)
254,816 (+14,107)
Swap Dealers - Long / Short
110,985 (+14,045)
1,395 (+638)
Managed Money - Long / Short
54,274 (-7,946)
116,428 (-3,713)
Other Reportables - Long / Short
43,532 (+1,218)
11,404 (+850)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
419.0 +0.50%
on 12/04/23
Period Open: 473.6
479.0 -12.09%
on 11/15/23
-52.5 (-11.09%)
since 11/14/23
3-Month
366.5 +14.90%
on 10/05/23
Period Open: 399.4
479.0 -12.09%
on 11/15/23
+21.7 (+5.43%)
since 09/14/23
52-Week
361.8 +16.39%
on 05/31/23
Period Open: 414.8
479.0 -12.09%
on 11/15/23
+6.3 (+1.52%)
since 12/14/22

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Most Recent Stories

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Soybeans Falling Back at Wednesday’s Midday

Soybeans are trading with midweek losses of 5 to 13 cents across the nearbys on Wednesday CmdtyView’s national front month Cash Bean price was up 33 cents at $10.07 ½. Soymeal futures were $3.40/ton...

ZSPX25US.CM : 9.8118 (-0.41%)
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Corn Backing Off to Start Wednesday Trade

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ZCZ25 : 458-2 (-0.33%)
ZCPAUS.CM : 4.4924 (-1.27%)
ZCPZ25US.CM : 4.2353 (-0.35%)
ZCH25 : 484-2 (-1.17%)
ZCK25 : 493-6 (-1.20%)
Soybeans Steady to Start Wednesday

Soybeans are holding near unchanged so far on Wednesday morning, with contracts fractionally higher. The soybean market posted 20 to 34 cent gains on Tuesday, as South American weather and easing trade...

ZSPX25US.CM : 9.8118 (-0.41%)
ZLH25 : 44.50 (-2.77%)
ZMH25 : 315.3 (+1.38%)
ZSPAUS.CM : 9.9483 (-1.21%)
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ZSX25 : 1045-6 (-0.38%)
ZSK25 : 1067-4 (-0.95%)
Wheat Extending Gains into Wednesday Morning

The wheat complex is trading with gains across the three exchanges to start Wednesday. Wheat rallied across the three markets on Tuesday, as the US dollar index fell 1.443 on the day to provide some support....

KEK25 : 584-2 (-0.21%)
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Grain Markest Surge Higer in Tuesday’s Trade. How High Can They Go?

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Why Did the Soybean Market Take a Breather Overnight Through early Wednesday Morning?

The commodity complex in general took a breather overnight, not overly surprising given recent moves made by many markets.

$DXY : 108.16 (+0.06%)
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Corn Closes in on $5 on Tuesday

Corn futures posted 3 to 7 cent gains on Tuesday, as nearby March closed a dime off $5 and other nearbys close near that mark. The national average Cash Corn price from cmdtyView was up 5 3/4 cents at...

ZCZ25 : 458-2 (-0.33%)
ZCPAUS.CM : 4.4924 (-1.27%)
ZCPZ25US.CM : 4.2353 (-0.35%)
ZCH25 : 484-2 (-1.17%)
ZCK25 : 493-6 (-1.20%)
Soybeans Rallies on Tuesday

The soybean market posted 20 to 34 cent gains on Tuesday, as South American weather and easing trade talk provided support. CmdtyView’s national front month Cash Bean price was up 33 cents at $10.07...

ZSPX25US.CM : 9.8118 (-0.41%)
ZLH25 : 44.50 (-2.77%)
ZMH25 : 315.3 (+1.38%)
ZSPAUS.CM : 9.9483 (-1.21%)
ZSH25 : 1055-2 (-1.12%)
ZSX25 : 1045-6 (-0.38%)
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Shootin' the Bull about moving around the southern border.

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Corn Holding Gains at Tuesday’s Midday

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ZCPZ25US.CM : 4.2403 (-0.23%)
ZCH25 : 484-4 (-1.12%)
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Wheat Posting Stronger Tuesday Trade

Wheat is rallying across the three markets at Tuesday’s midday. The Chicago SRW market is 18 to 20 cents higher so far on the day. KC HRW contracts are up 20 to 21 cents in the nearbys on Tuesday. MPLS...

KEK25 : 584-4 (-0.17%)
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Soybeans Rallying on Tuesday Trade

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ZSPX25US.CM : 9.8218 (-0.30%)
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Wheat Higher to Start the Week

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MWH25 : 605-6 (+0.21%)
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ZWH25 : 554-0 (-0.85%)
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ZSPX25US.CM : 9.8218 (-0.30%)
ZLH25 : 44.52 (-2.73%)
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ZSPAUS.CM : 9.9633 (-1.06%)
ZSH25 : 1056-6 (-0.98%)
ZSX25 : 1046-6 (-0.29%)
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Corn Extending Gains on Tuesday Morning

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ZCPAUS.CM : 4.4949 (-1.21%)
ZCPZ25US.CM : 4.2403 (-0.23%)
ZCH25 : 484-4 (-1.12%)
ZCK25 : 494-0 (-1.15%)
Grain Markets March Higher Overnight

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Did Kesha Call the Soybean Market?

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$DXY : 108.16 (+0.06%)
KEH25 : 574-4 (-0.17%)
ZCH25 : 484-4 (-1.12%)
ZWH25 : 554-0 (-0.85%)
MWH25 : 605-6 (+0.21%)
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Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Average Signal Strength.

Key Turning Points

3rd Resistance Point 421.1
2nd Resistance Point 421.1
1st Resistance Point 421.1
Last Price 421.1s
1st Support Level 421.1
2nd Support Level 421.1
3rd Support Level 421.1

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52-Week High 479.0
Fibonacci 61.8% 434.2
Last Price 421.1s
Fibonacci 50% 420.4
Fibonacci 38.2% 406.6
52-Week Low 361.8

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