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Soybean Meal Mar '22 (ZMH22)
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Soybean Meal Futures Market News and Commentary

Soy Futures Higher on Friday

Soybean futures closed Friday with 7 1/2 to 15 1/4 cent gains. That reduced November futures’ loss for the week to 40 cents after bouncing off their 100-week average. The meal market closed with $6.80 to $7.20 gains for Friday. That left the May contract at a $20.90/ton loss for the week. Soybean oil futures bounced into the weekend with triple digit gains, but stayed over 4 cents in the red for the week. USDA saw the B100 cash price at $5.79/gal in IL this week, unchanged from last week. 

The CFTC data showed managed money traders were 110,786 contracts net long in soybeans as of 3/21. That was a 17k contract weaker net long for the week, mainly driven by long liquidation. The commercial bean hedgers put on 12k new hedges, mostly longs, which left the group at 190,682 contracts net short. CFTC reported the funds were selling back existing soymeal longs and adding new soy oil shorts through the week. That left the group at a 115,214 contract net long for meal but a 5,718 contr... 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
$2,310/2,100
First Notice Date
02/28/22
Expiration Date
03/14/22 (expired)

Seasonal Chart

Soybean Meal Mar '22
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Mar 21, 2023

View Chart Details
Commercials - Long / Short
157,931 (+8,282)
308,345 (-17,380)
Non-Commercials - Long / Short
155,660 (-22,593)
22,317 (+1,785)
Producers - Long / Short
67,387 (+5,986)
305,083 (-15,141)
Swap Dealers - Long / Short
88,978 (+4,160)
1,696 (-375)
Managed Money - Long / Short
129,396 (-19,463)
14,733 (-847)
Other Reportables - Long / Short
26,264 (-3,130)
7,584 (+2,632)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
438.1 +19.13%
on 02/16/22
525.4 -0.67%
on 03/15/22
+83.1 (+18.94%)
since 02/15/22
3-Month
367.1 +42.17%
on 12/16/21
525.4 -0.67%
on 03/15/22
+152.9 (+41.44%)
since 12/15/21
52-Week
314.3 +66.05%
on 10/13/21
525.4 -0.67%
on 03/15/22
+158.3 (+43.54%)
since 03/15/21

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Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Strong Signal Strength.

Key Turning Points

3rd Resistance Point 565.1
2nd Resistance Point 545.2
1st Resistance Point 533.6
Last Price 521.9s
1st Support Level 502.1
2nd Support Level 482.2
3rd Support Level 470.6

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52-Week High 525.4
Last Price 521.9s
Fibonacci 61.8% 444.8
Fibonacci 50% 419.9
Fibonacci 38.2% 394.9
52-Week Low 314.3

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