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Soybean May '22 (ZSK22)

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Soybean Futures Market News and Commentary

Soybeans Push Higher as Meal Rallies on Argentine Dryness Concerns

The soybean market took back most of the midweek losses on Thursday and Friday, with the latter session closing up 7 to 13 cents. January was still down 13 ¾ cents on the week. CmdtyView’s national front month Cash Bean price was up 11 1/4 cents at $9.24 ¾. Soymeal futures were up $6.60 to $11.20/ton, as January rallied $8.30 on the week. Soy Oil futures were down 8 to 54 points on the session, with the front month losing 313 points this week. 

Some weather forecasts are calling for limited rainfall in much of Argentina in the more extended 8-14 days, with the next week seeing light showers in the western half of the country. Brazil is expected to receive normal rainfall totals.

The weekly release of the CFTC Commitment of Traders report showed spec funds adding 17,932 contracts to their net long in soybean futures and options as of 12/17. That took their net position to 76,252 contracts. Specs in soybean meal were at a record net short as of Tuesday at 88,971 contracts.... Read more

Contract Specifications

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Contract
Soybean
Contract Size
5,000 bushels
Tick Size
1/4 cent per bushel ($12.50 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
$50
Margin/Maintenance
$2,200/2,000
First Notice Date
04/29/22
Expiration Date
05/13/22 (expired)

Seasonal Chart

Soybean May '22
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Dec 17, 2024

View Chart Details
Commercials - Long / Short
518,263 (+9,489)
393,231 (-12,990)
Non-Commercials - Long / Short
156,034 (-4,912)
265,363 (+18,201)
Producers - Long / Short
363,979 (+11,642)
353,184 (-14,375)
Swap Dealers - Long / Short
121,039 (-2,948)
6,802 (+590)
Managed Money - Long / Short
104,530 (-7,555)
161,606 (+18,927)
Other Reportables - Long / Short
51,504 (+2,643)
103,757 (-726)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1615-2 +6.69%
on 05/09/22
1757-4 -1.95%
on 04/22/22
+47-2 (+2.82%)
since 04/13/22
3-Month
1546-2 +11.45%
on 02/15/22
1759-2 -2.05%
on 02/24/22
+137-0 (+8.64%)
since 02/11/22
52-Week
1204-4 +43.07%
on 11/09/21
1759-2 -2.05%
on 02/24/22
+371-0 (+27.44%)
since 05/13/21

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SOYB : 20.74 (+1.34%)
CCHF25 : 2.2241s (-0.60%)
ZSH25 : 979-2s (+1.32%)
CANE : 11.48 (-0.43%)
SBH25 : 19.51s (+0.57%)
Pure Hedge - Livestock and Grain

Grains Rallied as The Livestock Markets Recoup Some of the Week's Losses

Grain Spreads: Profit Taking Theme

Beans & Meal Surge, Bean Oil Anemic

Soybeans Push Higher as Meal Rallies on Argentine Dryness Concerns

The soybean market took back most of the midweek losses on Thursday and Friday, with the latter session closing up 7 to 13 cents. January was still down 13 ¾ cents on the week. CmdtyView’s national...

ZLH25 : 39.88s (-1.34%)
ZMH25 : 302.2s (+3.85%)
ZSPAUS.CM : 9.2316 (+1.15%)
ZSF25 : 974-4s (+1.19%)
ZSX24 : 985-6s (-1.84%)
ZSH25 : 979-2s (+1.32%)
Corn Rallies on Friday

Corn futures closed out the Friday session on a high note, as futures rallied o close out the week. Contracts were up anywhere from a penny to 5 ½ cents. March finished the week with a 4 ¼ cent gain....

ZCPAUS.CM : 4.1693 (+1.34%)
ZCZ24 : 430-0s (-0.41%)
ZCH25 : 446-2s (+1.25%)
ZCK25 : 451-6s (+1.23%)
Wheat Manages to Close Mixed on Friday

The wheat market went into the weekend on a mixed note, as the soft red contracts failed to push higher. Chicago SRW futures were steady to down 1 ½ cents across the board on the day, as March was down...

KEK25 : 552-4s (+0.27%)
MWH25 : 590-2s (+0.60%)
KEH25 : 544-6s (+0.28%)
ZWH25 : 533-0s (unch)
ZWK25 : 542-6s (-0.14%)
Shootin' the Bull about lines in the sand

In my opinion, the line in the sand is definitive.  Bulls are more bullish and bears are more bearish.

Wheat Getting Pulled Higher at Midday

Wheat futures are trading with slight gains at Friday’s midday. Chicago SRW futures are up 11 to 2 cents in most contracts so far on the day. KC HRW contracts are 2 to 3 cents back higher at midday....

KEK25 : 552-4s (+0.27%)
MWH25 : 590-2s (+0.60%)
KEH25 : 544-6s (+0.28%)
ZWH25 : 533-0s (unch)
ZWK25 : 542-6s (-0.14%)
Soybeans Rallying Back Ahead of the Weekend

The soybean market is gaining back some upward momentum after a technical break lower earlier in the week. Contracts are up 11 to 13 cents at midday. CmdtyView’s national front month Cash Bean price...

ZLH25 : 39.88s (-1.34%)
ZMH25 : 302.2s (+3.85%)
ZSPAUS.CM : 9.2316 (+1.15%)
ZSF25 : 974-4s (+1.19%)
ZSX24 : 985-6s (-1.84%)
ZSH25 : 979-2s (+1.32%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 1737-7
2nd Resistance Point 1730-5
1st Resistance Point 1726-7
Last Price 1723-2s
1st Support Level 1715-7
2nd Support Level 1708-5
3rd Support Level 1704-7

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52-Week High 1759-2
Last Price 1723-2s
Fibonacci 61.8% 1547-3
Fibonacci 50% 1481-7
Fibonacci 38.2% 1416-3
52-Week Low 1204-4

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