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Soybean Meal Mar '23 (ZMH23)

492.2s unch (unch) 03/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Tue, Mar 14th, 2023
Day Low
487.5
Day High
492.2
Open 487.5
Previous Close 492.2 492.2
Volume 17 17
Open Interest 18 18
Stochastic %K 34.66% 34.66%
Weighted Alpha +27.81 +27.81
5-Day Change -9.3 (-1.85%) -9.3 (-1.85%)
52-Week Range 374.3 - 510.8 374.3 - 510.8
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Soybean Meal Futures Market News and Commentary

Some Soybeans Climb Back into Plus Territory Tuesday Morning

Soybean prices are mixed at midday on Tuesday, with nearby August down around 2 cents as this is written, while new crop contracts (November and later) are up 1 cent or more per bushel from the Monday settlement.  Bean prices were under pressure on Monday, and were down 9 to 13 cents at the close. Preliminary open interest was up 1,685 contracts on Monday, suggesting new selling interest. The cmdtyView national average new crop Cash Bean price is up ½ cent today at $9.77 3/4. Soymeal futures are up $2.10 to $2.50/ton. Renewable diesel input Soy Oil is suffering from weakness in the energy markets, down 25 to 30 points. August crude is down almost $1 per barrel at midday.

The Monday afternoon Crop Progress report from USDA showed 62% of the US bean crop blooming, with 26% setting pods. Condition ratings slipped 2% from the previous week to 68% in the good/excellent categories, as the broader Brugler500 index was down 2 points to 373. Iowa was rated 80% good or excellent, while... 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
$1,870/1,700
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 Jul 15, 2025

View Chart Details
Commercials - Long / Short
340,589 (+2,133)
284,802 (+8,700)
Non-Commercials - Long / Short
128,060 (+13,201)
207,802 (+7,342)
Producers - Long / Short
213,328 (+3,078)
266,528 (+6,585)
Swap Dealers - Long / Short
110,291 (-2,984)
1,304 (+76)
Managed Money - Long / Short
54,367 (+2,941)
179,803 (+3,287)
Other Reportables - Long / Short
73,693 (+10,260)
27,999 (+4,055)
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
Period Open: 501.0
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
Period Open: 456.2
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
Period Open: 405.5
510.8 -3.64%
on 03/07/23
+86.7 (+21.38%)
since 03/14/22

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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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