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Thurs Jan 9th, Futures markets will have abbreviated trading hours in observance of a national day of mourning for former President Jimmy Carter. Read the press release here. Regular trading hours will resume tomorrow.

Soybean Meal Dec '24 (ZMZ24)

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Soybean Meal Futures Market News and Commentary

Soybeans Pulls Out Gains Despite Weaker Start

Soybean bulls posted higher trade on Thursday with contracts up 4 to 6 cents in most front months, despite a weaker start to the shortened session. CmdtyView’s national front month Cash Bean price was up a penny at $9.43 3/4. Soymeal futures were back down 80 cents to $2.20/ton on the day, with Soy Oil futures 103 to 117 points higher so far on the session, as there were reports that there was going be some guidance released on the 45Z tax credits this Friday.

The weekly Export Sales report is delayed until Friday as the government offices are closed today for a National Day of Mourning for President Carter’s funeral. Traders are looking for 0.4 to 1.3 MMT of 2024/25 soybean sales, with 0-100,000 MT for 2025/26 in the week of January 2. Meal sales are estimated at 150,000 to 400,000 MT, with bean oil at 20,000 to 60,000 MT.

The next 7 days looks drier for much of Argentina and southern Brazil, with the 8-14 day period looking wetter for both out to January 20-25

US... 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
11/29/24
Expiration Date
12/13/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Dec 31, 2024

View Chart Details
Commercials - Long / Short
262,737 (-13,862)
260,892 (+10,124)
Non-Commercials - Long / Short
121,574 (-3,366)
143,925 (-27,810)
Producers - Long / Short
159,317 (-9,515)
250,811 (+10,364)
Swap Dealers - Long / Short
93,888 (-3,781)
549 (+326)
Managed Money - Long / Short
72,000 (+1,851)
135,415 (-30,076)
Other Reportables - Long / Short
49,574 (-5,217)
8,510 (+2,266)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
282.6 +0.53%
on 12/06/24
296.9 -4.31%
on 11/25/24
-7.5 (-2.57%)
since 11/13/24
3-Month
282.6 +0.53%
on 12/06/24
351.6 -19.20%
on 10/01/24
-38.8 (-12.02%)
since 09/13/24
52-Week
282.6 +0.53%
on 12/06/24
387.3 -26.65%
on 12/28/23
-99.0 (-25.84%)
since 12/13/23

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Most Recent Stories

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The wheat market saw some late session buying off the midday lows on Thursday, though contracts still closed lower on pre-report position squaring. Chicago SRW futures were down 2 to 3 cents in the nearby...

KEK25 : 560-0 (+0.27%)
MWH25 : 585-0 (+0.26%)
KEH25 : 551-4 (+0.23%)
ZWH25 : 534-6 (+0.14%)
ZWK25 : 547-0 (+0.18%)
Soybeans Pulls Out Gains Despite Weaker Start

Soybean bulls posted higher trade on Thursday with contracts up 4 to 6 cents in most front months, despite a weaker start to the shortened session. CmdtyView’s national front month Cash Bean price was...

ZLH25 : 43.98 (+2.85%)
ZMH25 : 297.7 (-0.53%)
ZSPAUS.CM : 9.4340 (+0.47%)
ZSF25 : 992-2 (unch)
ZSX24 : 985-6s (-1.84%)
ZSH25 : 1003-2 (+0.43%)
Corn Positions Higher Ahead of USDA Reports

Corn futures posted some gains heading into the Friday USDA report day, as contracts were up 1 to 2 ½ cents across most months. The national average Cash Corn price from cmdtyView was up 1 1/2 cents at...

ZCPAUS.CM : 4.2582 (+0.38%)
ZCZ24 : 430-0s (-0.41%)
ZCH25 : 457-2 (+0.27%)
ZCK25 : 465-2 (+0.16%)
Up Next: Friday's USDA Report

Oliver Sloup joined RFD-TV this afternoon to share his thoughts on the price action leading up to tomorrow's USDA report. Livestock markets have been on a rollercoaster too, what's next?

Shootin' the Bull about the discovery process

The discovery process is growing more interesting as we see rationing taking place.  There is too much production capacity for the number of animals.

Soybeans Heading Slightly Higher on Thursday

Soybeans are trading with contracts steady to 3 cents higher at midday for Thursday’s abbreviated session. CmdtyView’s national front month Cash Bean price is up a penny at $9.40. Soymeal futures are...

ZLH25 : 43.98 (+2.85%)
ZMH25 : 297.7 (-0.53%)
ZSPAUS.CM : 9.4340 (+0.47%)
ZSF25 : 992-2 (unch)
ZSX24 : 985-6s (-1.84%)
ZSH25 : 1003-2 (+0.43%)
Wheat Leaking Lower on Thursday

The wheat market is trading with losses at Thursday’s midday trade. Chicago SRW futures are down 3 to 4 cents in the nearby contracts on the day. KC HRW is trading with contracts down fractionally to...

KEK25 : 560-0 (+0.27%)
MWH25 : 585-0 (+0.26%)
KEH25 : 551-4 (+0.23%)
ZWH25 : 534-6 (+0.14%)
ZWK25 : 547-0 (+0.18%)
Corn Bulls Pushing Higher at Midday

Corn futures are positioning higher on Thursday with contracts 1 to 2 cents in the green. The national average Cash Corn price from cmdtyView is up 1 1/2 cents at $4.26 3/4. The markets will be closing...

ZCPAUS.CM : 4.2582 (+0.38%)
ZCZ24 : 430-0s (-0.41%)
ZCH25 : 457-2 (+0.27%)
ZCK25 : 465-2 (+0.16%)
Corn Holding Steady on Thursday Morning

Corn price action for Thursday morning is sticking close to unchanged, with contracts fractionally mixed. Futures closed out the Wednesday session with contracts down mostly 3 to 4 cents at the close....

ZCPAUS.CM : 4.2582 (+0.38%)
ZCZ24 : 430-0s (-0.41%)
ZCH25 : 457-2 (+0.27%)
ZCK25 : 465-2 (+0.16%)
Wheat Slipping Again on Thursday AM Trade

The wheat market is slightly lower to kick off Thursday morning trade. Wheat posted losses across the three exchanges on Wednesday. Chicago SRW futures were down 6 to 7 cents in the nearby contracts on...

KEK25 : 560-0 (+0.27%)
MWH25 : 585-0 (+0.26%)
KEH25 : 551-4 (+0.23%)
ZWH25 : 534-6 (+0.14%)
ZWK25 : 547-0 (+0.18%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 284.8
2nd Resistance Point 284.6
1st Resistance Point 284.4
Last Price 284.1s
1st Support Level 284.0
2nd Support Level 283.8
3rd Support Level 283.6

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52-Week High 387.3
Fibonacci 61.8% 347.3
Fibonacci 50% 335.0
Fibonacci 38.2% 322.6
Last Price 284.1s
52-Week Low 282.6

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