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Soybean Meal Dec '24 (ZMZ24)

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Soybean Meal Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Soybean Meal prices and Soybean Meal futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Sat, Jul 20th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Soybean Meal Historical Prices page.

Soybean Meal Futures Market News and Commentary

Soybean Prices End Friday in the Red, Spec Funds Expand Bearish Positions

Soybean futures settled 1 ¼ to 7 ¼ lower on Friday, with the inverse (a.k.a backwardation) continuing to expand on good crusher demand for nearby beans and big expectations for 2024/25 global production.  Soymeal futures finished the day $.40 to $4.00 per ton lower. Soy Oil futures saw nearby August with a plus sign (+11) but the rest of the most active months were 5 to 36 lower. 

USDA reported another sale of 105,000 MT of meal to unknown destinations for 2024/25 this morning under the daily reporting system but that failed to move the market. 

Weekly Export Sales brought the 2023/24 MY to 45.36 MMT, which is 98% of the USDA projected full year export total. That is below the 103% average pace for this date. New crop sales have accumulated to 2.07 MMT, which is the lowest for the respective week in the marketing year in 20 years. This week’s large sale will help. Some Chinese buying is rumored for Oct-Nov, but they appear to have very comfortable stocks for the next 60-... Read more

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