Soybean Meal Jul '26 (ZMN26)
Soybean Meal Futures Market News and Commentary
Soybeans are trading with 1 to 2 cent gains on Wednesday morning. Futures were in rally mode on Tuesday, with contracts up 10 1/4 to 13 3/4 cents at the close. Open interest rose 8,392 contracts on Tuesday. The cmdtyView national average Cash Bean price was up 14 1/2 cents at $11.61 3/4. Soymeal futures were up $1.20 to $5.10, with Soy Oil futures 85 to 162 points higher.Â
President Trump landed in Beijing this morning as he is expected to meet with China’s President Xi over the next couple days, with trade likely at the top of the lists for topics of conversation.
USDA’s WASDE report showed old crop US carryout down 10 mbu to 340 mbu. That came from a 10 mbu cut to exports and 20 mbu increase to crush. New crop data was also published, with US ending stock at 310 mbu, well below the 366 mbu estimate. The initial World Ag Outlook Board production number for the US was seen at 4.435 bbu, with yield seen at 53 bpa.Â
South American production was left unchanged this m... Read more
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Soybeans were in rally mode on Tuesday, with contracts up 10 1/4 to 13 3/4 cents at the close. The cmdtyView national average Cash Bean price was up 14...
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