or

Soybean Meal Mar '23 (ZMH23)

492.2s unch (unch) 03/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Overview for Tue, Mar 14th, 2023
Day Low
487.5
Day High
492.2
Open 487.5
Previous Close 492.2 492.2
Volume 17 17
Open Interest 18 18
Stochastic %K 34.66% 34.66%
Weighted Alpha +27.81 +27.81
5-Day Change -9.3 (-1.85%) -9.3 (-1.85%)
52-Week Range 374.3 - 510.8 374.3 - 510.8
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Soybean Meal Futures Market News and Commentary

Soybeans Continue Losses into the Weekend

Soybeans were under pressure heading into the weekend, with contracts down 3 to 6 cents, as August was down 29 cents on the week and November slipping just 14 ¾ cents. The cmdtyView national average new crop Cash Bean price is down 3 3/4 cents at $9.70 3/4. Soymeal futures were back down $1.60 to $1.80/ton, as August was $6.20 lower on the week. Soy Oil was 22 to 23 points lower on Friday, but managed 67 point gains this week.

USDA reported a private export sale of 142,500 MT of soybeans sold to Mexico this morning for new crop shipment.

As we round out July, rain is expected to make its way from the northern Plains most of the Eastern Corn Belt in the next week, with 1 to 2 inches. 

Weekly Commitment of Traders data indicated a total of 21,412 contracts were cut from the managed money net short position in soybean futures and options as of July 22. That took their net position to 10,886 contracts by Tuesday. 

Export Sales from Thursday tallied the marketing... 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
$1,870/1,700
First Notice Date
02/28/23
Expiration Date
03/14/23 (expired)

Seasonal Chart

Soybean Meal Mar '23
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Jul 22, 2025

View Chart Details
Commercials - Long / Short
339,118 (-1,471)
286,446 (+1,644)
Non-Commercials - Long / Short
127,091 (-969)
200,669 (-7,133)
Producers - Long / Short
214,850 (+1,522)
269,317 (+2,789)
Swap Dealers - Long / Short
108,838 (-1,453)
1,699 (+395)
Managed Money - Long / Short
52,351 (-2,016)
176,972 (-2,831)
Other Reportables - Long / Short
74,740 (+1,047)
23,697 (-4,302)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
485.7 +1.34%
on 02/28/23
Period Open: 501.0
510.8 -3.64%
on 03/07/23
-8.8 (-1.76%)
since 02/14/23
3-Month
443.4 +11.01%
on 12/19/22
Period Open: 456.2
510.8 -3.64%
on 03/07/23
+36.0 (+7.89%)
since 12/14/22
52-Week
374.3 +31.50%
on 07/05/22
Period Open: 405.5
510.8 -3.64%
on 03/07/23
+86.7 (+21.38%)
since 03/14/22

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 498.5
2nd Resistance Point 495.3
1st Resistance Point 493.8
Last Price 492.2s
1st Support Level 489.1
2nd Support Level 485.9
3rd Support Level 484.4

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52-Week High 510.8
Last Price 492.2s
Fibonacci 61.8% 458.7
Fibonacci 50% 442.5
Fibonacci 38.2% 426.4
52-Week Low 374.3

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