Soybean Meal Jul '26 (ZMN26)
Soybean Meal Futures Market News and Commentary
Soybeans are trading with 5 to 9 1/4 cent weakness across most contracts on Thursday. The cmdtyView national average Cash Bean price is down 9 1/4 cents at $10.59 1/4. Soymeal futures are $1.00 to $1.40 higher on the day, with Soy Oil futures 30 to 33 points lower.
USDA updated their weekly Export Sales data this morning, showing 2025/26 bean sales at 211,292 MT, which was in the middle of the expected 150,000 to 400,000 MT range for the week of 6/4. That was down 23.68% from last week but well above the same week last year. New crop sales were 141,500 MT, on the lower side of the 100,000 to 350,000 MT estimates. That was back down from the week prior by 41.77%. Total new crop sales have accumulated to 1.032 MMT, down 7.69% from last year at this time,
Soymeal sales were tallied at 426,138 MT, which was in the middle of the expected range of 150,000 and 600,000 MT. Bean oil sales were 824 MT, falling in the estimated range to total from net reductions of 2,000 MT to net... Read more
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