Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Join Barchart Premier to get Screeners that run automatically with the results emailed to you! FREE 30 Day Trial
Stocks | Futures | Watchlist | More
or

Soybean Meal May '24 (ZMK24)

[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [CBOT]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Soybean Meal Futures Market News and Commentary

Beans Fade Out of Weekend

Soybean futures were 8 ¼ to 10 ½ cents weaker across the front months to start the week. July held above the $12 mark for the close, while May spiked over the $12 mark at the high. Soymeal futures were $2.40 to $2.80 lower on the day. Front month  Soy Oil futures closed 60 to 72 points lower for the day.

Weekly CFTC data showed managed money traders were short covering during the week that ended 3/12. The 13k fewer shorts in play, alongside the 3.8k new longs, reduced their net short to 155k contracts. Commercial soybean hedgers were adding positions during the week for a 53k contract net long as of the Tuesday settle.

USDA reported 686,181 MT of soybeans were exported during the week that ended 3/14. That was a decline from 784k MT last week and from 720k MT during the same week last year. USDA added late reported soybean exports to past weeks which left the season’s total at 35.77 MMT. That compares to 44.06 MMT at this point last year.

NOPA members reported crus... 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
$2,090/1,900
First Notice Date
04/30/24 (42 days)
Expiration Date
05/14/24 (56 days)

Seasonal Chart

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

Commitment of Traders Positions as of Mar 12, 2024

View Chart Details
Commercials - Long / Short
231,555 (-4,708)
190,980 (+590)
Non-Commercials - Long / Short
85,247 (-1,753)
142,134 (-4,375)
Producers - Long / Short
130,405 (-5,477)
178,648 (+848)
Swap Dealers - Long / Short
92,437 (+1,185)
3,619 (+158)
Managed Money - Long / Short
61,776 (-2,310)
109,642 (-354)
Other Reportables - Long / Short
23,471 (+557)
32,492 (-4,021)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
323.2 +3.16%
on 02/29/24
345.2 -3.42%
on 02/20/24
-5.5 (-1.62%)
since 02/16/24
3-Month
323.2 +3.16%
on 02/29/24
395.0 -15.59%
on 12/28/23
-55.3 (-14.23%)
since 12/19/23
52-Week
323.2 +3.16%
on 02/29/24
435.9 -23.51%
on 11/08/23
-58.0 (-14.82%)
since 03/17/23

More Soybean Meal Quotes

All Futures Prices
Please wait...

Most Recent Stories

More News
Shootin' the Bull about inflating prices

The consumer is on the verge of additional sticker shock by weeks end.  Gasoline is up another two and a half cents today.  This is tacked on to the $.23 in the past 7 days, and a new contract high for...

Corn Closed Firm for Monday

The corn market initially tried for gains to start the week though faded back to close UNCH to fractionally lower. The weekly Export Inspections data showed 1.24 MMT of corn was shipped during the week...

ZCK24 : 437-2 (+0.29%)
ZCPAUS.CM : 4.1076 (-0.12%)
ZCN24 : 450-2 (+0.33%)
ZCU24 : 459-4 (+0.33%)
Wheats End Off Highs But Hold Gains

The front month wheat market contracts rallied out of the weekend. Chicago prices ended the day 1 ¼ cents off the session high and 12 to 14 ¼ cents in the black. KC closed 7 ½ to 8 ¼ cents in the black...

ZWK24 : 543-4 (+0.14%)
ZWN24 : 558-0 (+0.09%)
KEK24 : 575-4 (+0.31%)
MWK24 : 653-0 (+0.35%)
Beans Fade Out of Weekend

Soybean futures were 8 ¼ to 10 ½ cents weaker across the front months to start the week. July held above the $12 mark for the close, while May spiked over the $12 mark at the high. Soymeal futures were...

ZMK24 : 333.2 (+0.39%)
ZLK24 : 48.70 (unch)
ZSK24 : 1191-2 (+0.29%)
ZSPAUS.CM : 11.3143 (-0.91%)
ZSN24 : 1205-6 (+0.29%)
ZSQ24 : 1202-4 (+0.29%)
Are Feedlots Current?

Cattle starts the week strong

Pure Hedge - Livestock and Grain

Is the Clock Ticking for the Cattle Markets?

Wheat Rallying Double Digits through Midday

Front month wheat prices are trading near their highs at midday with double digit gains. Chicago futures are currently 12 ½ to 13 ¾ cents higher so far. KC wheat prices are working 10 ¾ to 11 ½ cents...

ZWK24 : 543-4 (+0.14%)
ZWN24 : 558-0 (+0.09%)
KEK24 : 575-4 (+0.31%)
MWK24 : 653-0 (+0.35%)
Midday Gains for Monday Corn Market

Corn futures are working fractionally to 1 ¼ cents in the black so far starting the week. The May contract was up by 3 ¾ cents earlier in the session for a 6 ½ cent trading rangeCME reported OI dropped...

ZCK24 : 437-2 (+0.29%)
ZCPAUS.CM : 4.1076 (-0.12%)
ZCN24 : 450-2 (+0.33%)
ZCU24 : 459-4 (+0.33%)
Beans Fading through Monday

Soybeans are ~5 cents off their lows at midday but still 2 to 7 cents in the red. The May contract was above the $12 mark at the session’s high for an 18c trading range so far starting the week. Soymeal...

ZMK24 : 333.2 (+0.39%)
ZLK24 : 48.70 (unch)
ZSK24 : 1191-2 (+0.29%)
ZSPAUS.CM : 11.3143 (-0.91%)
ZSN24 : 1205-6 (+0.29%)
ZSQ24 : 1202-4 (+0.29%)
Wheat Recover Underway for Monday

Wheat prices are back up by 3 to 8 cents across the U.S. markets this morning. The Friday wheat market ended with prices off their lows but still 1 to 8 ¾ cents in the red. Chicago was the firmest on...

ZWK24 : 543-4 (+0.14%)
ZWN24 : 558-0 (+0.09%)
KEK24 : 575-4 (+0.31%)
MWK24 : 653-0 (+0.35%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 343.0
2nd Resistance Point 340.6
1st Resistance Point 336.2
Last Price 332.9
1st Support Level 329.4
2nd Support Level 327.0
3rd Support Level 322.6

See More

52-Week High 435.9
Fibonacci 61.8% 392.8
Fibonacci 50% 379.5
Fibonacci 38.2% 366.3
Last Price 332.9
52-Week Low 323.2

See More

by Barchart
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.

Free Barchart Webinar