or

Soybean Meal Jul '24 (ZMN24)

368.5s -9.9 (-2.62%) 07/12/24 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, Jul 12th, 2024
Day Low
368.5
Day High
373.1
Open 373.1
Previous Close 378.4 378.4
Volume 34 34
Open Interest 45 45
Stochastic %K 54.16% 54.16%
Weighted Alpha -3.04 -3.04
5-Day Change -18.5 (-4.78%) -18.5 (-4.78%)
52-Week Range 326.7 - 434.2 326.7 - 434.2
  • 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 Falling Lower on Tuesday

The soybean market is down 7 to 12 cents so far on Tuesday, with pressure coming from a drop in bean oil. CmdtyView’s national front month Cash Bean price is down 10 1/2 cents at $9.95 1/4. Soymeal futures are up $4/ton, with Soy Oil futures were back down 115 points. 

A private export sale of 110,000 MT of soybeans to unknown for 2024/25 were announced by the USDA this morning.

The US soybean crop was listed at 18% planted as of Sunday, a move of 10 percentage points on the week and ahead of the 5-year average pace of 12%. The only of the 18 states USDA reports on to be lagging normal was KY, with the rest at or above the average planting pace.

May 25 Soybeans  are at $10.40 3/4, down 11 1/4 cents,

Nearby Cash  is at $9.95 1/4, down 10 1/2 cents,

Jul 25 Soybeans  are at $10.52 1/2, down 10 cents,

Nov 25 Soybeans  are at $10.25, down 9 3/4 cents,

New Crop Cash  is at $9.64 3/4, down 9 3/4 cents,

On the date of publication, Aust... 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
06/28/24
Expiration Date
07/12/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 22, 2025

View Chart Details
Commercials - Long / Short
295,935 (-4,508)
282,354 (-10,795)
Non-Commercials - Long / Short
114,769 (+813)
145,745 (+7,653)
Producers - Long / Short
176,848 (+2,227)
267,209 (-9,266)
Swap Dealers - Long / Short
104,364 (-4,788)
422 (+418)
Managed Money - Long / Short
58,601 (-372)
128,523 (+2,979)
Other Reportables - Long / Short
56,168 (+1,185)
17,222 (+4,674)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
357.2 +3.16%
on 06/20/24
Period Open: 360.2
388.9 -5.25%
on 07/05/24
+8.3 (+2.30%)
since 06/12/24
3-Month
336.4 +9.54%
on 04/18/24
Period Open: 344.1
391.3 -5.83%
on 05/28/24
+24.4 (+7.09%)
since 04/12/24
52-Week
326.7 +12.79%
on 02/29/24
Period Open: 375.1
434.2 -15.13%
on 11/08/23
-6.6 (-1.76%)
since 07/12/23

More Soybean Meal Quotes

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

Most Recent Stories

More News
Soybeans Falling Lower on Tuesday

The soybean market is down 7 to 12 cents so far on Tuesday, with pressure coming from a drop in bean oil. CmdtyView’s national front month Cash Bean price is down 10 1/2 cents at $9.95 1/4. Soymeal futures...

ZSPX25US.CM : 9.6217 (-1.02%)
ZLN25 : 49.33s (-2.24%)
ZMN25 : 298.2s (+0.78%)
ZSPAUS.CM : 9.9490 (-1.07%)
ZSK25 : 1041-0s (-1.05%)
ZSX25 : 1025-2s (-0.92%)
ZSN25 : 1052-6s (-0.92%)
Wheat Pressure Continues on Tuesday

The wheat complex is facing slight weakness at Tuesday’s midday, with contracts down across the three markets. Chicago SRW futures are down 4 to 7 cents. Kansas City HRW contracts are 6 to 7 cents lower...

KEN25 : 531-0s (-1.62%)
MWK25 : 605-0s (+2.54%)
KEK25 : 515-2s (-1.81%)
ZWK25 : 505-6s (-1.89%)
ZWN25 : 525-4s (-1.04%)
Corn Facing Tuesday Pressure

The corn market is falling on Tuesday, with contracts anywhere from 5 to 13 cents in the red, led by the front months. The nearby CmdtyView national average Cash Corn price is down 12 1/2 cents at $4.37....

ZCZ25 : 444-4s (-1.28%)
ZCPAUS.CM : 4.3566 (-3.07%)
ZCPZ25US.CM : 4.1095 (-1.40%)
ZCK25 : 460-4s (-3.15%)
ZCN25 : 470-2s (-2.69%)
Grain Markets Mixed After a Choppy Start to the Week

Grain markets opened the week on softer ground but stabilized some through Monday’s trade. That choppy trade has led to mixed markets Tuesday morning.

Soybeans Close Monday with Mixed Action

Soybeans are facing Tuesday morning losses of 4 to 6 cents. The soybean market posted 2 to 4 cent gains in the nearby contracts on Monday, with new crop down ¼ cent on the day. Preliminary open interest...

ZSPX25US.CM : 9.6217 (-1.02%)
ZLN25 : 49.33s (-2.24%)
ZMN25 : 298.2s (+0.78%)
ZSPAUS.CM : 9.9490 (-1.07%)
ZSK25 : 1041-0s (-1.05%)
ZSX25 : 1025-2s (-0.92%)
ZSN25 : 1052-6s (-0.92%)
Corn Leaking Lower Early on Tuesday

The corn market is showing fractional to 2 cent losses across most contracts on Tuesday morning. Corn futures failed to get back above 0 by the close, as contracts were down 2 to 6 cents across most contracts...

ZCZ25 : 444-4s (-1.28%)
ZCPAUS.CM : 4.3566 (-3.07%)
ZCPZ25US.CM : 4.1095 (-1.40%)
ZCK25 : 460-4s (-3.15%)
ZCN25 : 470-2s (-2.69%)
Wheat Buying the Fact Early on Tuesday Following Rating Improvement

Wheat futures are trading with early Tuesday gains in ‘buy the fact’ action following the ‘sell the (improved ratings) rumor’ action on Monday. The wheat complex fell lower across the three markets...

KEN25 : 531-0s (-1.62%)
MWK25 : 605-0s (+2.54%)
KEK25 : 515-2s (-1.81%)
ZWK25 : 505-6s (-1.89%)
ZWN25 : 525-4s (-1.04%)
Soybeans Close Monday with Mixed Action

The soybean market posted 2 to 4 cent gains in the nearby contracts on Monday, with new crop down ¼ cent on the day. CmdtyView’s national front month Cash Bean price as up 2 3/4 cents at $10.06 3/4....

ZSPX25US.CM : 9.6217 (-1.02%)
ZLN25 : 49.33s (-2.24%)
ZMN25 : 298.2s (+0.78%)
ZSPAUS.CM : 9.9490 (-1.07%)
ZSK25 : 1041-0s (-1.05%)
ZSX25 : 1025-2s (-0.92%)
ZSN25 : 1052-6s (-0.92%)
Wheat Falls Lower to Begin the Week, as Crop Ratings Improve

The wheat complex fell lower across the three markets on Monday, as futures never recovered from sharp overnight losses. Chicago SRW futures were down 13 to 15 cents. Kansas City HRW contracts were 11...

KEN25 : 531-0s (-1.62%)
MWK25 : 605-0s (+2.54%)
KEK25 : 515-2s (-1.81%)
ZWK25 : 505-6s (-1.89%)
ZWN25 : 525-4s (-1.04%)
Corn Holds onto Losses into the Monday Close

Corn futures failed to get back above 0 by the close, as contracts were down 2 to 6 cents across most contracts on Monday weakness. The nearby CmdtyView national average Cash Corn price was down 2 1/4...

ZCZ25 : 444-4s (-1.28%)
ZCPAUS.CM : 4.3566 (-3.07%)
ZCPZ25US.CM : 4.1095 (-1.40%)
ZCK25 : 460-4s (-3.15%)
ZCN25 : 470-2s (-2.69%)
Dollar Rallies as Trade Tensions Ease and Trump Says He Won't Fire Powell

The dollar index (DXY00 ) Wednesday rose by +0.87%. The dollar rallied Wednesday due to an easing of the harsh trade rhetoric against China after President Trump said he plans to be "very nice" to China...

DXY00 : 99.198s (+0.19%)
GCM25 : 3,332.7 (-0.45%)
SIN25 : 33.215 (-0.32%)
^USDJPY : 142.305 (+0.20%)
^EURUSD : 1.13880 (-0.30%)
Dollar Gains on President Trump’s Softer Tone on Trade and Fed Independence

The dollar index (DXY00 ) today is up by +0.57%. The dollar is climbing today due to an easing of the harsh trade rhetoric against China after President Trump said he plans to be “very nice” to China...

DXY00 : 99.198s (+0.19%)
GCM25 : 3,332.7 (-0.45%)
SIN25 : 33.215 (-0.32%)
^USDJPY : 142.305 (+0.20%)
^EURUSD : 1.13880 (-0.30%)
Dollar Rebounds on US Trade Deal Optimism

The dollar index (DXY00 ) Tuesday rose by +0.65%. The dollar rallied moderately Tuesday and rebounded from Monday's 3-year low. Short covering emerged in the dollar Tuesday on trade deal optimism after...

DXY00 : 99.198s (+0.19%)
GCM25 : 3,332.7 (-0.45%)
SIN25 : 33.215 (-0.32%)
^USDJPY : 142.305 (+0.20%)
^EURUSD : 1.13880 (-0.30%)
Dollar Recovers on US Trade Deal Optimism

The dollar index (DXY00 ) today is up by +0.32%. The dollar today is rebounding higher from Monday's 3-year low. Short covering emerged in the dollar today on trade deal optimism after US trade negotiators...

DXY00 : 99.198s (+0.19%)
GCM25 : 3,332.7 (-0.45%)
SIN25 : 33.215 (-0.32%)
^USDJPY : 142.305 (+0.20%)
^EURUSD : 1.13880 (-0.30%)
Why is the dollar still under pressure?

Is the dollar's fall due to the currency war, or has Trump opened a rabbit hole that could lead to the collapse of the U.S. economy? And what could drive the U.S. dollar index higher in the coming months?...

Dollar Retreats and Gold Rallies to a Record High on Threats to Fed Independence

The dollar index (DXY00 ) Monday fell by -0.98% and posted a new 3-year low. The dollar sold off Monday on a renewed crisis of confidence in the dollar after National Economic Council Director Hassett...

DXY00 : 99.198s (+0.19%)
GCM25 : 3,332.7 (-0.45%)
SIN25 : 33.215 (-0.32%)
^USDJPY : 142.305 (+0.20%)
^EURUSD : 1.13880 (-0.30%)
Dollar Tumbles and Gold Soars to a Record High on Concern Over Fed Independence

The dollar index (DXY00 ) today is down -0.94% and fell to a new 3-year low. The dollar is selling off today on a renewed crisis of confidence in the dollar after National Economic Council Director Hassett...

DXY00 : 99.198s (+0.19%)
GCM25 : 3,332.7 (-0.45%)
SIN25 : 33.215 (-0.32%)
^USDJPY : 142.305 (+0.20%)
^EURUSD : 1.13880 (-0.30%)
Dollar Slightly Higher on US Trade Deal Hopes

The dollar index (DXY00 ) Thursday finished little changed, up +0.01%. The dollar found support Thursday due to some optimism about US trade talks after President Trump said US negotiators made “big...

DXY00 : 99.198s (+0.19%)
GCM25 : 3,332.7 (-0.45%)
SIN25 : 33.215 (-0.32%)
^USDJPY : 142.305 (+0.20%)
^EURUSD : 1.13880 (-0.30%)
Dollar Gains on US Trade Deal Hopes

The dollar index (DXY00 ) today is up by +0.09%. The dollar is modestly higher today due to some optimism about US trade talks after President Trump said US negotiators made “big progress” with Japanese...

DXY00 : 99.198s (+0.19%)
GCM25 : 3,332.7 (-0.45%)
SIN25 : 33.215 (-0.32%)
^USDJPY : 142.305 (+0.20%)
^EURUSD : 1.13880 (-0.30%)
Tariff Angst Hammers the Dollar and Boosts Gold to a Record High

The dollar index (DXY00 ) Wednesday fell by -0.92%. The dollar was under pressure Wednesday as the tit-for-tat trade war with China erodes confidence in the dollar after the US government barred Nvidia...

DXY00 : 99.198s (+0.19%)
GCM25 : 3,332.7 (-0.45%)
SIN25 : 33.215 (-0.32%)
^USDJPY : 142.305 (+0.20%)
^EURUSD : 1.13880 (-0.30%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 376.2
2nd Resistance Point 374.6
1st Resistance Point 371.6
Last Price 368.5s
1st Support Level 367.0
2nd Support Level 365.4
3rd Support Level 362.4

See More

52-Week High 434.2
Fibonacci 61.8% 393.1
Fibonacci 50% 380.4
Last Price 368.5s
Fibonacci 38.2% 367.8
52-Week Low 326.7

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
Value Investing Philosophies: Graham, Buffett, Bogle, and EMH in Perspective