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Soybean Meal Jan '23 (ZMF23)

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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 Thu, Feb 5th, 2026.
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 Rally Continues on Thursday

Soybeans closed 18 to 21 ¼ cents higher on Thursday, with new crop contracts up 7 to 11 cents. The cmdtyView national average Cash Bean price was 20 cents higher at $10.47. Soymeal futures are $5 to $7.00 higher, with Soy Oil futures steady to down 11 points in the nearbys. Futures extended Wednesday’s strength following President Trump seeking to raise the Chinese soybean commitments to 20 MMT for the current season, vs. the 12 MMT previous stated. 

The average close for November futures for February is used for determining the spring crop insurance price. Thus far the average close has been $10.85, above the $10.54 from last year.

USDA’s Export Sales report from this morning showed just 436,949 MT of soybeans sold in the week of 1/29. That was down 46.65% from the previous week, but up 32.34% from the same week last year. China was the buyer of 233,000 MT, with 104,700 NT sold to Egypt and 81,000 MT to Mexico.

Soybean meal sales were tallied 380,335, in the middl... Read more

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  • Soybean Rally Continues on Thursday

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  • Corn Posting Midday Thursday Gains

    Corn futures are trading with 5 to 5 ½ cents in the front months on Thursday, with new crop December up 3 cents. The CmdtyView national average Cash Corn...

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