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Soybean Meal Jul '24 (ZMN24)

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Soybean Meal Futures Market News and Commentary

Soybeans Leading the Rally at Thursday’s Midday

Soybeans are up 12 to 17 cents in most contracts on Thursday.  The cmdtyView national average Cash Bean price is up 13 1/4 cents at $10.72 1/2. Soymeal futures are up $2.40 to $2.70 in the nearbys, with Soy Oil futures back up 55 to 70 points. 

Precip heading into July is limited in portions of NE, SD, IA, the southern portions of MN/WI as well as the northern areas of the Eastern Corn Belt according to the NOAA 7-day QPF. Rain totals of 1 to 3 inches are seen in much of the ECB. 

Export Sales data from this morning indicated 455,405 MT of 2025/26 soybean sales in the week of June 18, on the high side of estimate of between 100,000 to 500,000 MT. That was a 12 week high for old crop business and 13.02% larger than the same week last year. Sales for the new crop marketing year in the week ending were tallied at 902,159 MT, which fell between 0.45 to 1 MMT estimates. That was a marketing year high and well above the same week last year. 

Soybean meal sales were talli... 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
06/28/24
Expiration Date
07/12/24 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Jun 16, 2026

View Chart Details
Commercials - Long / Short
302,440 (+5,243)
383,467 (-23,500)
Non-Commercials - Long / Short
164,211 (-56)
105,787 (+27,124)
Producers - Long / Short
158,031 (-2,788)
352,963 (-25,825)
Swap Dealers - Long / Short
123,273 (+1,160)
9,368 (-4,546)
Managed Money - Long / Short
110,341 (-4,104)
90,881 (+31,883)
Other Reportables - Long / Short
53,870 (+4,048)
14,906 (-4,759)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
357.2 +3.16%
on 06/20/24
388.9 -5.25%
on 07/05/24
+8.3 (+2.30%)
since 06/12/24
3-Month
336.4 +9.54%
on 04/18/24
391.3 -5.83%
on 05/28/24
+24.4 (+7.09%)
since 04/12/24
52-Week
326.7 +12.79%
on 02/29/24
434.2 -15.13%
on 11/08/23
-6.6 (-1.76%)
since 07/12/23

More Soybean Meal Quotes

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Most Recent Stories

More News
Soybeans Leading the Rally at Thursday’s Midday

Soybeans are up 12 to 17 cents in most contracts on Thursday. The cmdtyView national average Cash Bean price is up 13 1/4 cents at $10.72 1/2. Soymeal futures are up $2.40 to $2.70 in the nearbys, with...

ZSPAUS.CM : 10.7558 (+1.63%)
ZLZ26 : 66.90 (+1.76%)
ZMZ26 : 304.6 (+1.50%)
ZSPX26US.CM : 10.8820 (+1.84%)
ZSX26 : 1154-4 (+1.72%)
ZSN26 : 1125-4 (+1.51%)
ZSQ26 : 1134-4 (+1.59%)
Corn Joining in on the Gains on Thursday

Corn futures are showing 4 to 5 cent gains in most contracts on Thursday. The CmdtyView national average Cash Corn price is 4 1/2 cents higher at $3.83. Precip heading into July is limited in portions...

ZCZ26 : 442-6 (+1.84%)
ZCU26 : 424-0 (+1.98%)
ZCN26 : 414-6 (+1.90%)
ZCPZ26US.CM : 4.0751 (+2.07%)
ZCPAUS.CM : 3.8669 (+2.21%)
Wheat Trading Mixed at Midday

The wheat complex is mixed on Thursday. Chicago SRW contracts are fractionally higher at midday. Open interest dropped 11,876 contracts on Wednesday. KC HRW futures are down 1 to 2 cents in most contracts...

KEU26 : 625-0 (-0.08%)
KEN26 : 615-6 (-0.24%)
MWN26 : 5.8625 (+0.34%)
ZWN26 : 588-4 (+0.47%)
ZWU26 : 599-0 (+0.50%)
Soybean Oil Prices Fall as Crude Oil Slides Lower. 1 Trade to Make Here.

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

CBQ26 : 74.86 (+1.52%)
ZMU26 : 303.0 (+1.34%)
ZLU26 : 68.23 (+1.43%)
CLQ26 : 71.58 (+1.76%)
Corn Showing Fractionally Mixed Trade on Thursday Morning

Corn price action is showing contracts within a penny of unchanged across the nearby contracts. Futures posted losses of 1 to 2 ¾ cents in the front months, with deferred contracts steady to ¾ cent higher....

ZCZ26 : 442-6 (+1.84%)
ZCU26 : 424-0 (+1.98%)
ZCN26 : 414-6 (+1.90%)
ZCPZ26US.CM : 4.0751 (+2.07%)
ZCPAUS.CM : 3.8669 (+2.21%)
Soybeans Holding onto Gains Early on Thursday

Soybeans are trading with 1 to 2 cent gains on Thursday morning. Futures faded lower into the Wednesday close, with contracts down 6 ¾ to 9 cents on the day. Open interest was down 19,147 contracts on...

ZSPAUS.CM : 10.7558 (+1.63%)
ZLZ26 : 66.90 (+1.76%)
ZMZ26 : 304.6 (+1.50%)
ZSPX26US.CM : 10.8820 (+1.84%)
ZSX26 : 1154-4 (+1.72%)
ZSN26 : 1125-4 (+1.51%)
ZSQ26 : 1134-4 (+1.59%)
Wheat Showing Slight Losses Early on Thursday

Wheat is trading with contracts lower in the winter wheat exchanges and steadier in the spring wheat. The wheat complex saw contracts fade lower on Wednesday. Chicago SRW contracts were steady to a penny...

KEU26 : 625-0 (-0.08%)
KEN26 : 615-6 (-0.24%)
MWN26 : 5.8625 (+0.34%)
ZWN26 : 588-4 (+0.47%)
ZWU26 : 599-0 (+0.50%)
Corn Slip Lower Late on Wednesday

Corn futures posted losses of 1 to 2 ¾ cents in the front months, with deferred contracts steady to ¾ cent higher. The CmdtyView national average Cash Corn price was down 1 3/4 cents at $3.78 1/4. EIA’s...

ZCZ26 : 442-6 (+1.84%)
ZCU26 : 424-0 (+1.98%)
ZCN26 : 414-6 (+1.90%)
ZCPZ26US.CM : 4.0751 (+2.07%)
ZCPAUS.CM : 3.8669 (+2.21%)
Wheat Fades Back on Wednesday

The wheat complex saw contracts fade lower on Wednesday. Chicago SRW contracts were steady to a penny lower at the close. KC HRW futures saw nearby July down a penny, with other contracts fractionally...

KEU26 : 625-0 (-0.08%)
KEN26 : 615-6 (-0.24%)
MWN26 : 5.8625 (+0.34%)
ZWN26 : 588-4 (+0.47%)
ZWU26 : 599-0 (+0.50%)
Soybeans Fade Lower into the Midweek Close

Soybeans faded lower into the Wednesday close, with contracts down 6 ¾ to 9 cents on the day. The cmdtyView national average Cash Bean price was down 7 3/4 cents at $10.58 1/4. Soymeal futures were up...

ZSPAUS.CM : 10.7558 (+1.63%)
ZLZ26 : 66.90 (+1.76%)
ZMZ26 : 304.6 (+1.50%)
ZSPX26US.CM : 10.8820 (+1.84%)
ZSX26 : 1154-4 (+1.72%)
ZSN26 : 1125-4 (+1.51%)
ZSQ26 : 1134-4 (+1.59%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 376.2
2nd Resistance Point 374.6
1st Resistance Point 371.6
Last Price 368.5s
1st Support Level 367.0
2nd Support Level 365.4
3rd Support Level 362.4

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52-Week High 434.2
Fibonacci 61.8% 393.1
Fibonacci 50% 380.4
Last Price 368.5s
Fibonacci 38.2% 367.8
52-Week Low 326.7

See More

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