Soybean Meal Dec '26 (ZMZ26)
Soybean Meal Futures Market News and Commentary
Soybeans are trading with 1 to 2 cent losses at Friday’s midday. The cmdtyView national average Cash Bean price is down a penny at $10.60 1/2. Soymeal futures are mixed, down a 20 cents to a dime higher on the day, with Soy Oil futures 20 to 36 points lower.
USDA Export Sales data shows the 2025/26 soybean business at 40.15 MMT, which is now 97.7% of the USDA projection that was revised lower on Thursday and behind the 100% average sales pace. Shipments are now 36 MMT, which is 87.6% of USDA’s new number and is closing in on the 91% average shipping pace. Total new crop sales have accumulated to 1.032 MMT, down 7.69% from last year at this time.
WASDE data showed old crop US stocks steady at 340 mbu, though there was an internal shift of 20 mbu from the exports to crush. New crop stocks were steady at 310 mbu. On the world side, Brazilian production was left steady at 180 MMT, and Argentina up 2 MMT to 50 MMT.Â
NOPA data will be updated on Monday, with traders look... Read more
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