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Soybean Meal Jan '26 (ZMF26)

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Soybean Meal Futures Market News and Commentary

Soybeans Feeling Pressure on Thursday

Soybeans are showing 1 to 5 cent losses on Thursday, led by the front months at midday. The cmdtyView national average Cash Bean price is down 5 1/4 cents at $10.96. Soymeal futures are up 90 cents to $1.00 on the day, with Soy Oil futures down 42 to 54 points in the front months. 

USDA’s weekly Export Sales report from Thursday showed 364,633 MT of old crop bean sales in the week of April 16, in the middle of trade ideas of 200,000 to 600,000 MT. That was a 4-week high and 72.64% above the same week last year. Sales for 2025/26 were just 5,000 MT, vs. estimates of 0-100,000 MT. 

Meal sales were tallied at 162,339 MT, which was on the lower side of the expected 150,000 to 500,000 MT. Bean oil sales were tallied at 1,526 MT, which was within the estimated net reductions of 10,000 MT to sales of 14,000 MT.

International Grains Council data indicated world soybean production down 1 MMT for 2026/27, with use up 2 MMT and ending stocks estimated at 79 MMT, down 4 MMT. 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
$1,705/1,550
First Notice Date
12/31/25
Expiration Date
01/14/26 (expired)

Seasonal Chart

Soybean Meal Jan '26
Average Price Chart for 5 Prior Jan Contracts

Commitment of Traders Positions as of Apr 14, 2026

View Chart Details
Commercials - Long / Short
247,506 (-12,734)
420,765 (+23,416)
Non-Commercials - Long / Short
198,626 (+30,510)
46,411 (-4,841)
Producers - Long / Short
117,392 (-16,425)
391,990 (+18,238)
Swap Dealers - Long / Short
120,429 (+981)
19,090 (+2,468)
Managed Money - Long / Short
153,007 (+28,009)
21,451 (-12,004)
Other Reportables - Long / Short
45,619 (+2,501)
24,960 (+7,163)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
286.4 +0.28%
on 01/13/26
307.9 -6.72%
on 12/26/25
-15.3 (-5.06%)
since 12/12/25
3-Month
277.3 +3.57%
on 10/15/25
333.5 -13.88%
on 11/18/25
+9.0 (+3.24%)
since 10/14/25
52-Week
274.9 +4.47%
on 10/01/25
334.0 -14.01%
on 02/04/25
-35.1 (-10.89%)
since 01/14/25

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Most Recent Stories

More News
Wheat Rallying on Thursday

The wheat complex is rallying on Thursday across the three markets. Chicago SRW futures were up 5 to 8 cents in the front months. KC HRW futures are in rally mode, up 18 cents in the nearbys. MPLS spring...

KEN26 : 679-2s (+4.50%)
KEK26 : 666-6s (+4.55%)
MWK26 : 6.7325 (+1.20%)
ZWK26 : 610-6s (+1.92%)
ZWN26 : 620-2s (+2.18%)
Corn Trading Fractionally Lower on Thursday

Corn futures are trading with fractionally lower action at Thursday’s midday. The CmdtyView national average Cash Corn price is down 1/2 cent at $4.18 3/4. Export Sales data from Thursday were tallied...

ZCZ26 : 483-4s (+0.26%)
ZCN26 : 463-6s (+0.22%)
ZCK26 : 455-4s (+0.28%)
ZCPZ26US.CM : 4.4452 (+0.25%)
ZCPAUS.CM : 4.1973 (+0.35%)
Soybeans Feeling Pressure on Thursday

Soybeans are showing 1 to 5 cent losses on Thursday, led by the front months at midday. The cmdtyView national average Cash Bean price is down 5 1/4 cents at $10.96. Soymeal futures are up 90 cents to...

ZSPAUS.CM : 10.9680 (-0.41%)
ZLN26 : 71.05s (+0.07%)
ZMN26 : 316.5s (+0.06%)
ZSPX26US.CM : 10.8765 (-0.10%)
ZSX26 : 1155-0s (-0.09%)
ZSK26 : 1159-6s (-0.41%)
ZSN26 : 1174-6s (-0.40%)
Corn Showing Steady Trade Ahead of Export Sales Data

Corn price action is fractionally mixed so far on Thursday morning. Futures closed the Wednesday session with front months fractionally to 1 ¼ cents higher and some deferreds steady to fractionally lower....

ZCZ26 : 483-4s (+0.26%)
ZCN26 : 463-6s (+0.22%)
ZCK26 : 455-4s (+0.28%)
ZCPZ26US.CM : 4.4452 (+0.25%)
ZCPAUS.CM : 4.1973 (+0.35%)
Wheat Starting Thursday with a Bounce

Wheat is showing 1 to 8 cent higher trade so far on Thursday morning. The wheat complex was lower across the three markets in the midweek session. Chicago SRW futures closed the Wednesday session with...

KEN26 : 679-2s (+4.50%)
KEK26 : 666-6s (+4.55%)
MWK26 : 6.7325 (+1.20%)
ZWK26 : 610-6s (+1.92%)
ZWN26 : 620-2s (+2.18%)
Soybeans On the Lower Side to Start Thursday Trade

Soybeans are trading with slight losses of 1 to 2 cents in the front months so far on Thursday morning. Futures rounded out the Wednesday session with contract slipping into the close, down 4 to 11 ¼...

ZSPAUS.CM : 10.9680 (-0.41%)
ZLN26 : 71.05s (+0.07%)
ZMN26 : 316.5s (+0.06%)
ZSPX26US.CM : 10.8765 (-0.10%)
ZSX26 : 1155-0s (-0.09%)
ZSK26 : 1159-6s (-0.41%)
ZSN26 : 1174-6s (-0.40%)
Another failed breakout in soybeans while corn and wheat try to build a higher floor

Soybeans were as closes as you can get to a breakout yesterday morning, put pulled back to the middle of the range. Short term traders continue to have the advantage there. Corn and wheat futures are...

Wheat Slips Lower into the Close

The wheat complex was lower across the three markets in the midweek session. Chicago SRW futures closed the Wednesday session with contracts down 2 to 5 ¾ cents. KC HRW futures were down 4 to 5 ¾ on...

KEN26 : 679-2s (+4.50%)
KEK26 : 666-6s (+4.55%)
MWK26 : 6.7325 (+1.20%)
ZWK26 : 610-6s (+1.92%)
ZWN26 : 620-2s (+2.18%)
Soybeans Fall Lower on Wednesday with Product Pressure

Soybeans rounded out the Wednesday session with contract slipping into the close, down 4 to 11 ¼ cents on the day. The cmdtyView national average Cash Bean price was down 9 1/2 cents at $11.01 1/4. Soymeal...

ZSPAUS.CM : 10.9680 (-0.41%)
ZLN26 : 71.05s (+0.07%)
ZMN26 : 316.5s (+0.06%)
ZSPX26US.CM : 10.8765 (-0.10%)
ZSX26 : 1155-0s (-0.09%)
ZSK26 : 1159-6s (-0.41%)
ZSN26 : 1174-6s (-0.40%)
Corn Holds on for Midweek Gains

Corn futures closed the Wednesday session with front months fractionally to 1 ¼ cents higher and some deferreds steady to fractionally lower. May options expire on Friday. The CmdtyView national average...

ZCZ26 : 483-4s (+0.26%)
ZCN26 : 463-6s (+0.22%)
ZCK26 : 455-4s (+0.28%)
ZCPZ26US.CM : 4.4452 (+0.25%)
ZCPAUS.CM : 4.1973 (+0.35%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 287.2
2nd Resistance Point 287.2
1st Resistance Point 287.2
Last Price 287.2s
1st Support Level 287.2
2nd Support Level 287.2
3rd Support Level 287.2

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52-Week High 334.0
Fibonacci 61.8% 311.4
Fibonacci 50% 304.5
Fibonacci 38.2% 297.5
Last Price 287.2s
52-Week Low 274.9

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