Soybean Meal Jan '24 (ZMF24)
Soybean Meal Futures Market News and Commentary
Soybeans are up 1 to 3 cents in the front months on Thursday, with near crop down 1 to 2 cents. There were 30 deliveries against July soybeans overnight. The cmdtyView national average Cash Bean price is up 2 cents at $10.87 1/4. Soymeal futures are steady to $1.20 higher, with Soy Oil futures mixed from 48 points higher to 31 points lower. There were no new deliveries issued against July soybean meal overnight, with another 169 deliveries against July soybean oil. The market will observe the July 4th Independence Day Holiday on Friday, for a 3-day weekend. Sunday night will be a normal open.Â
USDA released their weekly Export Sales report this morning showing just 41,786 MT of old crop bean sales in the week of 6/25, which was shy of analysts looking for between 300,000 and 650,000 MT. That was a marketing year low for the 2025/26 marketing year. New crop sales were also shy of estimates of 350,000 and 900,000 MT at just 182,533 MT. That was a 3-week low but still 16.89% abov... Read more
Barchart · 48 minutes ago
The wheat complex is showing mixed trade as we head into a 3-day weekend. Chicago SRW contracts are fractionally to 2 cents in the red on the day. KC HRW...
Barchart · 48 minutes ago
Corn futures are mixed on Thursday, with front months steady to 2 1/4 cents higher and deferreds down as much as 1 ½ cents. There were 262 delivery notices...
Barchart · 48 minutes ago
Soybeans are up 1 to 3 cents in the front months on Thursday, with near crop down 1 to 2 cents. There were 30 deliveries against July soybeans overnight....
Barchart · 32 minutes ago
Amid Walmart's 19% correction, yesterday’s unusually active options included Aug. 21 $100 and July 17 $110 puts. The short diagonal put spread looked...
Barchart · 40 minutes ago
Concerns about AI disruption, temporary delay in the closure of large deals, and acquisition-related margin pressure have driven ServiceNow's stock sharply...
Barchart · 43 minutes ago
Shares of FuelCell Energy jumped after EXIM backed a $49 million loan for the company, adding fresh momentum to its AI power push.
Barchart · 46 minutes ago
The wheat complex is showing mixed trade as we head into a 3-day weekend. Chicago SRW contracts are fractionally to 2 cents in the red on the day. KC HRW...
Barchart · 46 minutes ago
Live cattle futures closed are falling $1.45 to $2 so far on Thursday. There were a few cash sales of $403 dressed in the north this week, with live trade...
Barchart · 46 minutes ago
Corn futures are mixed on Thursday, with front months steady to 2 1/4 cents higher and deferreds down as much as 1 ½ cents. There were 262 delivery notices...
Barchart · 46 minutes ago
Soybeans are up 1 to 3 cents in the front months on Thursday, with near crop down 1 to 2 cents. There were 30 deliveries against July soybeans overnight....
Barchart · 46 minutes ago
Lean hog futures are in rally mode ahead of the long weekend, as front months are up 35 cents to $1.65. USDA’s national base hog price was reported at...