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Soybean Meal Dec '20 (ZMZ20)

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Soybean Meal Futures Market News and Commentary

Soybeans Drops into Thursday Close

Soybeans headed lower on Thursday, with contracts down 7 ¼ to 20 cents across the board, as the 2024 contracts held up at or above $12. Soymeal futures were down on the day, as contracts fell $1.70 to 6.80/ton. Soy Oil saw triple digit losses in the front months, with contracts down 60 to 115 points across the board.

Weekly Export Sales data saw old crop bookings at 428,898 MY during the week that ended on May 2, a 4-week high. Unknown destinations was the buyer of 168,800 MT, with Egypt purchasing 70,800 MT. New crop sales were just 4,580 MT. Soy meal bookings were tallied at 209,266 MT for 23/24 and 19,209 MT for 24/25. Bean oil sales were seen at 11,581 MT, for the current MY, with 4,582 MT for next year.

Traders expect WASDE data on Friday to leave 23/24 soybean carryout at 341 mbu, up 1 mbu from April. New crop numbers are expected to see a build to that, with an ending stocks total at 439 mbu and production at 4.449 bbu. For the World totals, old crop stocks at 112... 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
$2,090/1,900
First Notice Date
11/30/20
Expiration Date
12/14/20 (expired)

Seasonal Chart

Soybean Meal Dec '20
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Apr 30, 2024

View Chart Details
Commercials - Long / Short
191,673 (-19,883)
240,781 (-2,335)
Non-Commercials - Long / Short
130,740 (+10,298)
98,621 (-7,378)
Producers - Long / Short
99,615 (-11,043)
234,949 (+821)
Swap Dealers - Long / Short
88,555 (-7,886)
2,329 (-2,202)
Managed Money - Long / Short
112,261 (+12,410)
65,576 (-12,866)
Other Reportables - Long / Short
18,479 (-2,112)
33,045 (+5,488)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
380.0 +0.21%
on 12/10/20
402.4 -5.37%
on 11/25/20
-7.3 (-1.88%)
since 11/13/20
3-Month
317.9 +19.79%
on 09/16/20
402.4 -5.37%
on 11/25/20
+61.6 (+19.30%)
since 09/15/20
52-Week
286.2 +33.05%
on 08/10/20
402.4 -5.37%
on 11/25/20
+68.9 (+22.09%)
since 12/13/19

More Soybean Meal Quotes

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Most Recent Stories

More News
Corn Squares Up Ahead of USDA Report

Corn futures closed out the Pre-WASDE trade session with contracts down 1 to 2 ¾ cents across most contracts. A few deferreds were steady to 1 ¼ cents higher. USDA issued a flash sale of 132,080 MT of...

ZCK24 : 443-4 (+0.17%)
ZCPAUS.CM : 4.3347 (-0.47%)
ZCN24 : 458-6 (+0.49%)
ZCZ24 : 482-0 (+0.42%)
ZCPZ24US.CM : 4.5071 (-0.23%)
Wheat Held Higher on Thursday

The wheat complex saw the bulls holding up on Thursday. Chicago contracts were up ¾ to 3 ¾ cents on the day. Kansas City futures closed with gains of 3 to 3 ¾ cents across most contracts. MPLS spring...

ZWK24 : 619-6s (+0.61%)
ZWN24 : 650-6 (+2.08%)
KEK24 : 675-6s (+2.66%)
KEN24 : 663-2 (+1.76%)
MWK24 : 708-2s (unch)
Soybeans Drops into Thursday Close

Soybeans headed lower on Thursday, with contracts down 7 ¼ to 20 cents across the board, as the 2024 contracts held up at or above $12. Soymeal futures were down on the day, as contracts fell $1.70 to...

ZMN24 : 373.3 (+0.11%)
ZLN24 : 42.86 (+0.52%)
ZSK24 : 1192-6s (-1.65%)
ZSPAUS.CM : 11.4627 (-1.69%)
ZSN24 : 1210-4 (+0.17%)
ZSX24 : 1199-4 (-0.08%)
ZSPX24US.CM : 11.3882 (-1.11%)
Shootin' the Bull about definitive moves in feeders

A definitive move in the feeder cattle futures today is believed to have set the stage for further declines.  On the mid day cattle commentary, I noted a close above $255.22, or under $251.75 August,...

Wheat Pulling Away From Highs, Still Holding Midday Gains

The wheat complex has pulled back from the double digit strength we was earlier in the session but is still higher at midday. Chicago contracts are up 2 to 6 cents so far on the day. Kansas City futures...

ZWK24 : 619-6s (+0.61%)
ZWN24 : 650-6 (+2.08%)
KEK24 : 675-6s (+2.66%)
KEN24 : 663-2 (+1.76%)
MWK24 : 708-2s (unch)
Soybeans Threating to Pull Back Below $12

Soybeans are struggling on Thursday, as contracts are down 10 to 17 cents at midday, and November threating the slip below $12. Soymeal futures are down $3.90 to $4.10/ton. Soy Oil is also falling at midday,...

ZMN24 : 373.3 (+0.11%)
ZLN24 : 42.86 (+0.52%)
ZSK24 : 1192-6s (-1.65%)
ZSPAUS.CM : 11.4627 (-1.69%)
ZSN24 : 1210-4 (+0.17%)
ZSX24 : 1199-4 (-0.08%)
ZSPX24US.CM : 11.3882 (-1.11%)
Corn Continues Weakness at Midday

Corn is continuing the corrective action on Thursday, as contracts are down fractionally to 3 ents across the front months at midday. There were 364 contracts issued vs. May corn delivery overnight, with...

ZCK24 : 443-4 (+0.17%)
ZCPAUS.CM : 4.3347 (-0.47%)
ZCN24 : 458-6 (+0.49%)
ZCZ24 : 482-0 (+0.42%)
ZCPZ24US.CM : 4.5071 (-0.23%)
Soybeans Down To Start Thursday

Soybeans are posting lower trade on Thursday morning with contracts down 3 to 5 cents. Bulls took a breather on Wednesday, as contracts were down 9 ¼ to 19 ½ cents across the board. Soymeal also pulled...

ZMN24 : 373.3 (+0.11%)
ZLN24 : 42.86 (+0.52%)
ZSK24 : 1192-6s (-1.65%)
ZSPAUS.CM : 11.4627 (-1.69%)
ZSN24 : 1210-4 (+0.17%)
ZSX24 : 1199-4 (-0.08%)
ZSPX24US.CM : 11.3882 (-1.11%)
Wheat Back to Heading Higher on Russia Frost Fears

The wheat complex is posting double digit gains across most contracts this morning. Wheat saw selling across all three markets on Wednesday. Chicago wheat contracts were down 8 ¼ to 9 ½ cents on the...

ZWK24 : 619-6s (+0.61%)
ZWN24 : 650-6 (+2.08%)
KEK24 : 675-6s (+2.66%)
KEN24 : 663-2 (+1.76%)
MWK24 : 708-2s (unch)
Corn Slipping Lower Ahead of Export Sales Data

Corn is trading fractionally to a penny lower ahead of this morning’s Export Sales report. Futures pulled back on Wednesday after a couple weeks of rallying and with a USDA report on the horizon tomorrow....

ZCK24 : 443-4 (+0.17%)
ZCPAUS.CM : 4.3347 (-0.47%)
ZCN24 : 458-6 (+0.49%)
ZCZ24 : 482-0 (+0.42%)
ZCPZ24US.CM : 4.5071 (-0.23%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 388.4
1st Resistance Point 384.6
Last Price 380.8s
1st Support Level 378.9
2nd Support Level 377.0
3rd Support Level N/A

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52-Week High 402.4
Last Price 380.8s
Fibonacci 61.8% 358.0
Fibonacci 50% 344.3
Fibonacci 38.2% 330.6
52-Week Low 286.2

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