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Soybean Meal May '23 (ZMK23)

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Soybean Meal Futures Market News and Commentary

Soybeans On the Higher Side to Kick Off Tuesday Trade

Soybeans are showing fractional to 2 cent gains early on Tuesday. Futures posted losses of 4 to 5 cents in the front months on Monday, retreating from overnight highs on losses in crude oil. Preliminary open interest was down 4,779 contracts on Monday, mainly in the old crop contracts. There were 114 delivery notices against March beans overnight. The cmdtyView national average Cash Bean price was down 5 1/4 cents at $11.21 1/2.  Soymeal futures were down 50 cents to $4.30, with Soy Oil futures down 12 to 54. Crude oil closed the day down $5.85  and more than $33 off the overnight highs. It is down another $5.44 this morning. President Trump signaled the that the ongoing conflict may be nearing an end late on Monday, which pushed prices further.

US soybean ending stocks are estimated to be trimmed by 6 mbu to 344 mbu in this morning’s WASDE. Brazilian soybean production is estimated to be down ~1 MMT to 179.06 MMT.

Export Inspections data showed soybean shipments 879,190... 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
04/28/23
Expiration Date
05/12/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Mar 3, 2026

View Chart Details
Commercials - Long / Short
249,235 (-6,578)
339,461 (+13,205)
Non-Commercials - Long / Short
143,508 (+19,334)
70,753 (-2,586)
Producers - Long / Short
122,136 (-9,296)
313,863 (+11,600)
Swap Dealers - Long / Short
117,593 (+3,311)
16,092 (+2,198)
Managed Money - Long / Short
108,517 (+18,011)
49,413 (-10,692)
Other Reportables - Long / Short
34,991 (+1,323)
21,340 (+8,106)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
415.0 +3.16%
on 05/11/23
471.1 -9.13%
on 04/18/23
-32.1 (-6.98%)
since 04/12/23
3-Month
415.0 +3.16%
on 05/11/23
498.0 -14.04%
on 03/07/23
-52.1 (-10.85%)
since 02/10/23
52-Week
373.1 +14.74%
on 07/05/22
498.0 -14.04%
on 03/07/23
+43.8 (+11.40%)
since 05/12/22

More Soybean Meal Quotes

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Most Recent Stories

More News
Market Top Alert: Did Soybean Oil Prices Just Hit Their Peak?

May soybean oil futures present a selling opportunity on more price weakness.

ZMK26 : 314.3 (+0.26%)
CLJ26 : 83.66 (-11.72%)
ZLK26 : 65.46 (-0.97%)
CBK26 : 88.10 (-10.97%)
Soybeans On the Higher Side to Kick Off Tuesday Trade

Soybeans are showing fractional to 2 cent gains early on Tuesday. Futures posted losses of 4 to 5 cents in the front months on Monday, retreating from overnight highs on losses in crude oil. Preliminary...

ZSPAUS.CM : 11.2022 (-0.11%)
ZLK26 : 65.46 (-0.97%)
ZMK26 : 314.3 (+0.26%)
ZSX25 : 1112-6s (-1.70%)
ZSH26 : 1182-0 (+0.13%)
ZSK26 : 1195-0 (-0.10%)
Corn Facing Tuesday AM Weakness, But Well Off Overnihgt Lows

Corn price action is down 1 to 3 cents so far on Tuesday morning, though more than a nickel off the overnight lows. Futures were down 5 to 9 ½ cents in the front months on Monday, well off the overnight...

ZCZ25 : 431-4s (-0.86%)
ZCK26 : 447-6 (-1.32%)
ZCH26 : 433-2 (-0.97%)
ZCPAUS.CM : 4.0442 (-1.39%)
Wheat Showing Slight Losses Early on Tuesday

Wheat is showing slight losses across most winter wheat contracts to start Tuesday trade, with spring wheat facing steeper losses. The wheat complex posted Monday losses, with exception to the spring wheat...

KEH26 : 607-6s (-0.61%)
ZWH26 : 586-6 (-1.88%)
ZWK26 : 588-0 (-2.53%)
Hogs Stable in a World of Frenzy

Hogs hold while outside markets spin out of control

Shootin' the Bull about not a lot

There isn't a great deal to discuss as the current events are difficult to assess, making all forward projections even more difficult.

Corn, Soybeans, and Wheat May Be the ‘Next Silver’ for Traders

As crude oil prices spike, corn, wheat, and soybean prices are seeing bullish price action. What to watch next.

KEK26 : 607-6 (-1.94%)
ZCK26 : 447-6 (-1.32%)
ZWK26 : 588-0 (-2.53%)
ZLK26 : 65.46 (-0.97%)
ZSK26 : 1195-0 (-0.10%)
ZWK26 : 588-0 (-2.53%)
$DXY : 98.59 (-0.59%)
ZLK26 : 65.46 (-0.97%)
KEK26 : 607-6 (-1.94%)
ZCK26 : 447-6 (-1.32%)
ZSK26 : 1195-0 (-0.10%)
CLJ26 : 83.66 (-11.72%)
Soybeans Feeling Pressure on Monday

Soybeans are down 5 to 7 cents at Monday’s midday, more than 35 cents off the overnight highs. Open interest was up 16,951 contracts on Friday. The cmdtyView national average Cash Bean price is down...

ZSPAUS.CM : 11.2022 (-0.11%)
ZLK26 : 65.46 (-0.97%)
ZMK26 : 314.3 (+0.26%)
ZSX25 : 1112-6s (-1.70%)
ZSH26 : 1182-0 (+0.13%)
ZSK26 : 1195-0 (-0.10%)
Wheat Fading Back Lower at Midday

The wheat complex is down across most contracts on Monday. Chicago SRW futures are down 10 to 13 cents. KC HRW futures are 2 to 4 cents in the red. MPLS spring wheat is fractionally mixed at midday. Crude...

KEK26 : 607-6 (-1.94%)
KEH26 : 607-6s (-0.61%)
MWH26 : 6.3450s (+0.48%)
ZWH26 : 586-6 (-1.88%)
ZWK26 : 588-0 (-2.53%)
Corn Reverting Lower at Monday’s Midday

Corn futures are down 3 to 7 cents across most contracts, falling from the overnight highs. There were 241 deliveries issued against March corn on Friday night. The CmdtyView national average Cash Corn...

ZCZ25 : 431-4s (-0.86%)
ZCK26 : 447-6 (-1.32%)
ZCH26 : 433-2 (-0.97%)
ZCPAUS.CM : 4.0442 (-1.39%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 430.0
2nd Resistance Point 429.0
1st Resistance Point 428.6
Last Price 428.1s
1st Support Level 427.2
2nd Support Level 426.2
3rd Support Level 425.8

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52-Week High 498.0
Fibonacci 61.8% 450.3
Fibonacci 50% 435.5
Last Price 428.1s
Fibonacci 38.2% 420.8
52-Week Low 373.1

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