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Soybean Meal Mar '19 (ZMH19)

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Soybean Meal Futures Market News and Commentary

Soybeans with Double Digit Overnight Gains

Soybeans are trading 6 to 11 cents higher to start your Friday. They got a boost from the meal value on Thursday, with bean contracts up 14 to 34 ¼ cents across the board. Flooding in southern Brazil was also a bullish input. Soymeal paved the way for the rally, with $8 to $15.90/ton gains. Soy Oil closed mixed, with nearby down 2 to 5 points and deferred steady to 2 points higher.

There were 146 deliveries vs. May meal overnight, all stopped by a Stonex client. Bean oil deliveries shrank to only 79 contracts, with a handful stopped by ADMIS.  There were 196 contracts issued against May soybeans, with ADM stopping 179 for the house account. 

Export Sales data from Thursday showed an improvement from the week prior at 413,997 MT of beans sold in the week ending on 4/25. Egypt was the lead buyer at 146,000 MT. USDA also reported new crop bookings at just 7,000 MT. Soybean meal bookings were below the trade range of estimates at just 131,012 MT, with bean oil bookings at a... 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
$2,090/1,900
First Notice Date
02/28/19
Expiration Date
03/14/19 (expired)

Seasonal Chart

Soybean Meal Mar '19
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Apr 23, 2024

View Chart Details
Commercials - Long / Short
211,556 (-12,287)
243,116 (+16,921)
Non-Commercials - Long / Short
120,442 (+18,194)
105,999 (-9,081)
Producers - Long / Short
110,658 (-10,443)
234,128 (+15,271)
Swap Dealers - Long / Short
96,441 (-3,087)
4,531 (+407)
Managed Money - Long / Short
99,851 (+17,526)
78,442 (-13,620)
Other Reportables - Long / Short
20,591 (+668)
27,557 (+4,539)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
296.2 +1.89%
on 03/12/19
308.8 -2.27%
on 02/21/19
-3.7 (-1.21%)
since 02/14/19
3-Month
296.2 +1.89%
on 03/12/19
324.6 -7.02%
on 01/09/19
-9.8 (-3.15%)
since 12/14/18
52-Week
296.2 +1.89%
on 03/12/19
373.7 -19.24%
on 05/01/18
-53.5 (-15.06%)
since 03/14/18

More Soybean Meal Quotes

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Soybeans with Double Digit Overnight Gains

Soybeans are trading 6 to 11 cents higher to start your Friday. They got a boost from the meal value on Thursday, with bean contracts up 14 to 34 ¼ cents across the board. Flooding in southern Brazil...

ZMN24 : 371.8 (+1.89%)
ZLN24 : 43.17 (-0.16%)
ZSK24 : 1198-4 (+0.71%)
ZSPAUS.CM : 11.5151 (+1.03%)
ZSN24 : 1210-4 (+0.96%)
ZSX24 : 1196-4 (+0.74%)
ZSPX24US.CM : 11.3467 (+0.78%)
Wheat Resumes Rallying into Friday

Overnight action in wheat has prices trading 5 to 12 cents higher this morning, with the winter wheat contracts leading the way. Wheat bulls held their ground on Thursday, with gains across all three exchanges....

ZWK24 : 586-4s (+0.86%)
ZWN24 : 625-0 (+3.43%)
KEK24 : 675-0 (+5.97%)
KEN24 : 653-0 (+2.59%)
MWK24 : 708-2s (+0.82%)
Corn Breaking Higher on Friday

Early Friday corn prices are 4 to 5 cents higher than they went home on Thursday. Futures ended Thursday with gains of 4 ½ to 9 cents across most contracts. Weakness in the US dollar has been helpful...

ZCK24 : 458-0 (+1.33%)
ZCPAUS.CM : 4.4312 (+1.21%)
ZCN24 : 465-2 (+1.20%)
ZCZ24 : 484-4 (+1.04%)
ZCPZ24US.CM : 4.5433 (+1.15%)
Lean Hogs Bull Run Ends At A 61.8% And 78.6% Fibonacci Retracements, Grains

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

HEM24 : 99.325 (-0.60%)
ZSK24 : 1198-4 (+0.71%)
ZCK24 : 458-0 (+1.33%)
ZWK24 : 586-4s (+0.86%)
Wheat Comes Back to Post Thursday Strength

Wheat bulls held their ground on Thursday, with gains across the three exchanges. Kansas City futures were up 11 to 11 ½ cents across most contracts. Chicago contracts were 3 to 5 ¼ cents higher at...

ZWK24 : 586-4s (+0.86%)
ZWN24 : 625-0 (+3.43%)
KEK24 : 675-0 (+5.97%)
KEN24 : 653-0 (+2.59%)
MWK24 : 708-2s (+0.82%)
Soy Meal Leading Soy Complex Charge on Thursday

Soybeans got a boost from the meal value on Thursday, with contracts up 14 to 34 ¼ cents across the board. Soymeal paved the way for the rally, with $8 to $15.90/ton gains. Soy Oil closed mixed, with...

ZMN24 : 371.8 (+1.89%)
ZLN24 : 43.17 (-0.16%)
ZSK24 : 1198-4 (+0.71%)
ZSPAUS.CM : 11.5151 (+1.03%)
ZSN24 : 1210-4 (+0.96%)
ZSX24 : 1196-4 (+0.74%)
ZSPX24US.CM : 11.3467 (+0.78%)
Corn Rallies into Close

Corn futures closed out the Thursday session with gains of 4 ½ to 9 cents across most contracts. Some precip is expected to make its way across the US over the next week, possibly putting a slow down...

ZCK24 : 458-0 (+1.33%)
ZCPAUS.CM : 4.4312 (+1.21%)
ZCN24 : 465-2 (+1.20%)
ZCZ24 : 484-4 (+1.04%)
ZCPZ24US.CM : 4.5433 (+1.15%)
Shootin' the Bull about volatility

Some are not familiar with what volatility is.  I think today's example will give you a good idea of how volatile the fat cattle futures market is.

Soy Meal Leading Soy Complex Charge on Thursday

Soybeans are posting solid midday strength of 20 to 36 cents. There were 386 contracts issued against May bean futures, and that brought the oldest long all the way up to 4/30/24. Of the 386, Bunge stopped...

ZMN24 : 371.8 (+1.89%)
ZLN24 : 43.17 (-0.16%)
ZSK24 : 1198-4 (+0.71%)
ZSPAUS.CM : 11.5151 (+1.03%)
ZSN24 : 1210-4 (+0.96%)
ZSX24 : 1196-4 (+0.74%)
ZSPX24US.CM : 11.3467 (+0.78%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 301.9
1st Resistance Point 301.9
Last Price 301.8s
1st Support Level 301.8
2nd Support Level 301.7
3rd Support Level N/A

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52-Week High 373.7
Fibonacci 61.8% 344.1
Fibonacci 50% 335.0
Fibonacci 38.2% 325.8
Last Price 301.8s
52-Week Low 296.2

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