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Soybean Meal Mar '23 (ZMH23)

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Soybean Meal Futures Market News and Commentary

Soybeans Slipping Lower on Friday AM Trade

Soybeans are starting Friday trade with steady to 2 cent lower trade. Contracts rounded out the Thursday session with losses of 6 to 7 cents as weakness continues. Open interest was down 8,672 contracts on Thursday, mainly in the January contract (-14,720). The cmdtyView national average Cash Bean price was 5 3/4 cents lower at $9.81 1/4. Soymeal futures were 20 cent so $1.00 higher, with Soy Oil futures down 41 to 47 points.

Weekly Export Sales data from Thursday showed 1.106 MMT in soybean sales for the week ending on 11/27. That was a drop of 52.3% from the week prior and is less than half of the same week last year. Accumulated sale commitments, both shipped and unshipped are now 21.829 MMT (802 mbu), which is 39.3% below the same period last year. Much of that lag is to China, as commitments are down 14.14 MMT, with 13.4 MMT being China.

Meal sales totaled 436,046 MT, nearing the top end of 200,000-450,000 MT estimates.  Bean oil sales were tallied at 25,516 MT, exc... 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
$1,705/1,550
First Notice Date
02/28/23
Expiration Date
03/14/23 (expired)

Seasonal Chart

Soybean Meal Mar '23
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Dec 2, 2025

View Chart Details
Commercials - Long / Short
276,995 (-362)
344,472 (-5,164)
Non-Commercials - Long / Short
137,166 (-5,462)
83,076 (+1,410)
Producers - Long / Short
158,056 (-1,472)
322,416 (-5,035)
Swap Dealers - Long / Short
105,557 (+704)
8,674 (-535)
Managed Money - Long / Short
106,807 (-6,916)
56,221 (+775)
Other Reportables - Long / Short
30,359 (+1,454)
26,855 (+635)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
485.7 +1.34%
on 02/28/23
510.8 -3.64%
on 03/07/23
-8.8 (-1.76%)
since 02/14/23
3-Month
443.4 +11.01%
on 12/19/22
510.8 -3.64%
on 03/07/23
+36.0 (+7.89%)
since 12/14/22
52-Week
374.3 +31.50%
on 07/05/22
510.8 -3.64%
on 03/07/23
+86.7 (+21.38%)
since 03/14/22

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Most Recent Stories

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KEK26 : 527-4 (-0.33%)
KEH26 : 515-4 (-0.29%)
MWH26 : 5.7475 (+0.31%)
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Corn Starting Friday with Fractional Losses

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ZCZ25 : 431-4s (-0.86%)
ZCK26 : 452-2 (unch)
ZCH26 : 444-2 (-0.06%)
ZCPAUS.CM : 3.9949 (-0.07%)
Soybeans Slipping Lower on Friday AM Trade

Soybeans are starting Friday trade with steady to 2 cent lower trade. Contracts rounded out the Thursday session with losses of 6 to 7 cents as weakness continues. Open interest was down 8,672 contracts...

ZSPAUS.CM : 9.8086 (-0.05%)
ZLH26 : 48.61 (-0.02%)
ZMH26 : 302.4 (+0.03%)
ZSX25 : 1112-6s (-1.70%)
ZSF26 : 1051-6 (-0.05%)
ZSH26 : 1062-2 (+0.02%)
Corn Rallies Higher on Thursday

Corn futures closed the Thursday session with contracts up 4 to 4 ½ cents across the front months. Bulls were battling back after spillover pressure from the other grains earlier this week. The CmdtyView...

ZCZ25 : 431-4s (-0.86%)
ZCK26 : 452-2 (unch)
ZCH26 : 444-2 (-0.06%)
ZCPAUS.CM : 3.9949 (-0.07%)
Wheat Sees Buying on Thursday, as Hard Red Contracts Lead the Way

The wheat complex was in rally mode on Thursday with the hard red contracts, both spring and winter, pushing higher. Chicago SRW futures were 1 to 2 cents in the green. KC HRW futures were 9 to 10 cents...

KEK26 : 527-4 (-0.33%)
KEH26 : 515-4 (-0.29%)
MWH26 : 5.7475 (+0.31%)
ZWH26 : 507-4 (-0.05%)
ZWK26 : 518-2 (-0.10%)
Soybeans Extend Losses to Thursday’s Close

Soybeans rounded out the Thursday session with losses of 6 to 7 cents as weakness continues. The cmdtyView national average Cash Bean price was 5 3/4 cents lower at $9.81 1/4. Soymeal futures were 20 cent...

ZSPAUS.CM : 9.8086 (-0.05%)
ZLH26 : 48.61 (-0.02%)
ZMH26 : 302.4 (+0.03%)
ZSX25 : 1112-6s (-1.70%)
ZSF26 : 1051-6 (-0.05%)
ZSH26 : 1062-2 (+0.02%)
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Corn Posting Thursday Gains

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ZCZ25 : 431-4s (-0.86%)
ZCK26 : 452-2 (unch)
ZCH26 : 444-2 (-0.06%)
ZCPAUS.CM : 3.9949 (-0.07%)
Wheat Rallying Back on Thursday

The wheat complex is in rally mode on Thursday with the hard red contracts pushing higher. Chicago SRW futures are 2 to 3 cents in the green. KC HRW futures are 9 to 10 cents higher at midday. MPLS spring...

KEK26 : 527-4 (-0.33%)
KEH26 : 515-4 (-0.29%)
MWH26 : 5.7475 (+0.31%)
ZWH26 : 507-4 (-0.05%)
ZWK26 : 518-2 (-0.10%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 498.5
2nd Resistance Point 495.3
1st Resistance Point 493.8
Last Price 492.2s
1st Support Level 489.1
2nd Support Level 485.9
3rd Support Level 484.4

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52-Week High 510.8
Last Price 492.2s
Fibonacci 61.8% 458.7
Fibonacci 50% 442.5
Fibonacci 38.2% 426.4
52-Week Low 374.3

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