or

Soybean Meal May '23 (ZMK23)

428.1s +1.5 (+0.35%) 05/12/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, May 12th, 2023
Day Low
426.7
Day High
428.1
Open 426.7
Previous Close 426.6 426.6
Volume 69 69
Open Interest 39 39
Stochastic %K 30.63% 30.63%
Weighted Alpha +6.64 +6.64
5-Day Change -0.8 (-0.19%) -0.8 (-0.19%)
52-Week Range 373.1 - 498.0 373.1 - 498.0
  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
  • MAX
Full Chart
  • OHLC Bars
  • Colored OHLC Bars
  • HLC Bars
  • Candlestick Hollow
  • Candlestick Open-to-Close
  • Candlestick Close-to-Close
  • Heikin-Ashi
  • Line Chart
  • Area Chart
  • Renko
  • Column
  • Baseline
  • Line Break
  • Range
  • Kagi
  • Point And Figure

Soybean Meal Futures Market News and Commentary

Soybeans Sliding on Monday Morning

The soybean market is extending weaker trade into Monday, with contracts down 2 to 3 cents early on. Soybeans headed into the weekend with losses on Friday, down 1 to 6 cents across the front months through November. March was still up 3 ½ cents on the 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. 

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 Friday tallied 480,278 MT of soybeans sold during the week of February 13. Commitments for the 2024/25 crop are now 43.736 MMT, which is 88% of USDA’s projected export total and matching the 5-year average pace. Sales for new crop were just 19,342 MT, split between Mexico and Japan.... Read more

Contract Specifications

See More
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
04/28/23
Expiration Date
05/12/23 (expired)

Seasonal Chart

Soybean Meal May '23
Average Price Chart for 5 Prior May 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

See More
Period Period Low Period High Performance
1-Month
415.0 +3.16%
on 05/11/23
Period Open: 460.2
471.1 -9.13%
on 04/18/23
-32.1 (-6.98%)
since 04/12/23
3-Month
415.0 +3.16%
on 05/11/23
Period Open: 480.2
498.0 -14.04%
on 03/07/23
-52.1 (-10.85%)
since 02/10/23
52-Week
373.1 +14.74%
on 07/05/22
Period Open: 384.3
498.0 -14.04%
on 03/07/23
+43.8 (+11.40%)
since 05/12/22

More Soybean Meal Quotes

All Futures Prices
Please wait...
Please wait...
false

Most Recent Stories

More News
A Volatile Start to the Last Trading Day of the Month

Grain markets are weaker on Monday and threatening technical levels not seen in some time. Cattle futures firm following a friendly Cattle on Feed report and a stout cash market.

Walsh Gamma Trader

Low-Cost Options, With Limited Risk

Corn Comes Out of the Weekend on a Lower Note

Corn is continuing the slide from weaker Friday action early on Monday, with losses of 3 to 5 cents. The corn market was pressured on Friday, as contracts were 4 to 8 cents lower across most months. March...

ZCZ25 : 469-0 (-1.26%)
ZCPAUS.CM : 4.4949 (-1.98%)
ZCPZ25US.CM : 4.3365 (-1.37%)
ZCH25 : 482-0 (-1.88%)
ZCK25 : 495-2 (-1.93%)
Soybeans Sliding on Monday Morning

The soybean market is extending weaker trade into Monday, with contracts down 2 to 3 cents early on. Soybeans headed into the weekend with losses on Friday, down 1 to 6 cents across the front months through...

ZSPX25US.CM : 9.8957 (-0.70%)
ZLK25 : 46.31 (-2.18%)
ZMK25 : 301.5 (-0.79%)
ZSPAUS.CM : 9.7123 (-0.96%)
ZSH25 : 1029-6 (-0.94%)
ZSX25 : 1052-6 (-0.66%)
ZSK25 : 1048-4 (-0.83%)
Wheat Falling to Begin the Week

Wheat is facing sharp losses to kick off trade, as contracts are down 8 to 10 cents across the three markets. The wheat market settled the Friday session with mixed trade across the three exchanges, with...

KEK25 : 608-2 (-2.17%)
MWH25 : 620-6 (-1.74%)
KEH25 : 595-4 (-2.26%)
ZWH25 : 577-2 (-2.16%)
ZWK25 : 591-4 (-2.07%)
Grain Markets Retreat to Start the Week

Grain markets were under pressure in the Sunday night and early Monday morning trade as we enter the last week of the month. A healthy correction or a more meaningful top in the markets?

What Are Markets Showing Heading Into the Last Week of February?

There is much to look forward to at the end of this week, most notably a change in meteorological seasons.

$DXY : 106.59 (-0.02%)
ZCK25 : 495-2 (-1.93%)
GCJ25 : 2,958.9 (+0.19%)
NGH25 : 3.974 (-6.14%)
ZSK25 : 1048-4 (-0.83%)
Corn Has Now Hit Key Resistance, 512.00

Grain Overview, Educational and Actionable information using Fibonacci and W.D. Gann analysis.

ZCH25 : 482-0 (-1.88%)
ZWH25 : 577-2 (-2.16%)
ZCK25 : 495-2 (-1.93%)
ZSH25 : 1029-6 (-0.94%)
USDA Outlook Forum next week

Cattle-on-Feed released Friday

Hogs Breakdown While Cattle Markets Consolidate

Hog weakness persists, cattle markets drift in front of Cattle on Feed

EuroDry Ltd. to Participate in M-Vest LLC and Maxim Group LLC Inaugural Emerging Growth Virtual Conference

ATHENS, Greece, March 15, 2021 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for...

EDRY : 10.76 (+2.48%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 430.0
2nd Resistance Point 429.0
1st Resistance Point 428.6
Last Price 428.1s
1st Support Level 427.2
2nd Support Level 426.2
3rd Support Level 425.8

See More

52-Week High 498.0
Fibonacci 61.8% 450.3
Fibonacci 50% 435.5
Last Price 428.1s
Fibonacci 38.2% 420.8
52-Week Low 373.1

See More

Solutions for Grain Market Professionals barchart.com/cmdty
Commodity Price Reports
Get Free Access!
cmdtyView for Ag marketers and merchandisers
Start Free Trial
We help Agribusinesses make better decisions
Learn Now
Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.
Use your up/down arrows to move through the symbols.

Free Barchart Webinar

Mastering Fibonacci: The Hidden Order in Market Movements