or

Soybean Meal Jan '24 (ZMF24)

351.3s -10.1 (-2.79%) 01/12/24 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, Jan 12th, 2024
Day Low
351.3
Day High
361.8
Open 361.8
Previous Close 361.4 361.4
Volume 20 20
Open Interest 34 34
Stochastic %K 2.84% 2.84%
Weighted Alpha -17.11 -17.11
5-Day Change -17.3 (-4.69%) -17.3 (-4.69%)
52-Week Range 351.3 - 460.6 351.3 - 460.6
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Soybean Meal Futures Market News and Commentary

Soybeans Give into Weakness on Friday

Soybeans headed in the weekend with pressure on Friday, down 1 to 6 cents across the front months out to November. March was still up 3 ½ cents this week. The cmdtyView national front month Cash Bean price was 4 ½ cents lower at $9.81 3/4. Soymeal futures closed down $1.40/ton on the day, with Soy Oil futures back down 41 points. March options expired today, with a 1040 pin in soybeans.

Soybean specs continued to peel back from their fresh net long position in the week ending on 2/18, down 11,949 contracts. That took the net long to just 16,526 contracts of futures and options according to Friday’s Commitment of Traders report. 

Export Sales from this morning tallied 480,278 MT of soybeans sold during the week of 2/13, 158.9% above the previous week and well above the same week last year. China was the buyer of 101,200 MT, with 75,700 MT sold to Egypt and 73,800 MT to Mexico. Commitments for the 2024/25 crop are now 43.736 MMT, which is 88% of USDA’s projected export tot... 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
12/29/23
Expiration Date
01/12/24 (expired)

Seasonal Chart

Soybean Meal Jan '24
Average Price Chart for 5 Prior Jan Contracts

Commitment of Traders Positions as of Feb 18, 2025

View Chart Details
Commercials - Long / Short
296,898 (+2,789)
295,410 (-3,107)
Non-Commercials - Long / Short
103,866 (+1,779)
125,462 (+9,408)
Producers - Long / Short
162,136 (+1,158)
277,533 (-4,342)
Swap Dealers - Long / Short
117,267 (+526)
382 (+130)
Managed Money - Long / Short
55,649 (-1,863)
109,920 (+7,587)
Other Reportables - Long / Short
48,217 (+3,642)
15,542 (+1,821)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
351.3 unch
on 01/12/24
Period Open: 410.3
413.5 -15.04%
on 12/18/23
-59.0 (-14.38%)
since 12/12/23
3-Month
351.3 unch
on 01/12/24
Period Open: 389.2
460.6 -23.73%
on 11/15/23
-37.9 (-9.74%)
since 10/12/23
52-Week
351.3 unch
on 01/12/24
Period Open: 408.0
460.6 -23.73%
on 11/15/23
-56.7 (-13.90%)
since 01/12/23

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MWH25 : 631-6s (-0.16%)
KEH25 : 609-2s (+0.29%)
ZWH25 : 590-0s (+0.77%)
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The corn market posted fractional gains in the front months on Thursday, as new crop December was 3 cents higher at the close. The CmdtyView national average Cash Corn price is up a penny at $4.66 1/2....

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ZSPX25US.CM : 9.9657 (-0.12%)
ZLK25 : 47.34s (-0.94%)
ZMK25 : 303.9s (-0.23%)
ZSPAUS.CM : 9.8068 (-0.46%)
ZSH25 : 1039-4s (-0.57%)
ZSX25 : 1059-6s (-0.14%)
ZSK25 : 1057-2s (-0.54%)
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ZWH25 : 590-0s (+0.77%)
WEAT : 5.23 (+0.58%)
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ZSPX25US.CM : 9.9657 (-0.12%)
ZLK25 : 47.34s (-0.94%)
ZMK25 : 303.9s (-0.23%)
ZSPAUS.CM : 9.8068 (-0.46%)
ZSH25 : 1039-4s (-0.57%)
ZSX25 : 1059-6s (-0.14%)
ZSK25 : 1057-2s (-0.54%)
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Corn is trading with fractional to 1 ½ cent losses so far on Friday morning. The corn market posted fractional gains in the front months on Thursday, as new crop December was 3 cents higher at the close....

ZCZ25 : 475-0s (-0.94%)
ZCPAUS.CM : 4.5858 (-1.44%)
ZCPZ25US.CM : 4.3967 (-1.01%)
ZCH25 : 491-2s (-1.36%)
ZCK25 : 505-0s (-1.51%)
Wheat Bulls Pushing Back Early on Friday

The wheat complex is trading higher ahead of Friday’s Export Sales report, with contracts trading in the green across the three exchanges. Wheat had another round of weaker trade on Thursday. Chicago...

KEK25 : 621-6s (+0.28%)
MWH25 : 631-6s (-0.16%)
KEH25 : 609-2s (+0.29%)
ZWH25 : 590-0s (+0.77%)
ZWK25 : 604-0s (+0.62%)
Wheat Extends Pullback on Thursday

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KEK25 : 621-6s (+0.28%)
MWH25 : 631-6s (-0.16%)
KEH25 : 609-2s (+0.29%)
ZWH25 : 590-0s (+0.77%)
ZWK25 : 604-0s (+0.62%)
Corn Holds Gains on Thursday

The corn market posted fractional gains in the front months on Thursday, as new crop December was 3 cents higher at the close. The CmdtyView national average Cash Corn price is up a penny at $4.66 1/2....

ZCZ25 : 475-0s (-0.94%)
ZCPAUS.CM : 4.5858 (-1.44%)
ZCPZ25US.CM : 4.3967 (-1.01%)
ZCH25 : 491-2s (-1.36%)
ZCK25 : 505-0s (-1.51%)
Soybeans Rallies Back on Thursday

Soybean futures posted a stronger round of trade on Thursday, with gains of 10 to 15 cents at the close. The cmdtyView national front month Cash Bean price was 14 1/4 cents higher at $9.85 1/4. Soymeal...

ZSPX25US.CM : 9.9657 (-0.12%)
ZLK25 : 47.34s (-0.94%)
ZMK25 : 303.9s (-0.23%)
ZSPAUS.CM : 9.8068 (-0.46%)
ZSH25 : 1039-4s (-0.57%)
ZSX25 : 1059-6s (-0.14%)
ZSK25 : 1057-2s (-0.54%)
Poor results from cutting slaughter pace

With great expectations of stabilizing, if not increasing box prices, through dramatic slaughter cuts, the packer has made his move.  These dramatic cuts are believed to have negated the foretelling of...

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 368.8
2nd Resistance Point 365.3
1st Resistance Point 358.3
Last Price 351.3s
1st Support Level 347.8
2nd Support Level 344.3
3rd Support Level 337.3

See More

52-Week High 460.6
Fibonacci 61.8% 418.8
Fibonacci 50% 406.0
Fibonacci 38.2% 393.1
Last Price 351.3s
52-Week Low 351.3

See More

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