Soybean Meal Mar '25 (ZMH25)
Soybean Meal Futures Market News and Commentary
Soybeans are trading with most contracts fractionally to a penny lower on Thursday. The cmdtyView national average Cash Bean price is down 1/2 cent at $11.28 1/2. Soymeal futures are up 50 to 70 cents so far on Thursday with Soy Oil 10 points higher to down 37 points. There was just 1 delivery issued against August beans overnight. For the products, there were 15 deliveries for August soy meal and 41 for bean oil.
A private export sale of 122,000 MT of soybeans was reported to China this morning for 2026/27.
USDA released their weekly Export Sales report this morning with a total of 32,157 MT sold for old crop in the week of 7/30, shy of estimates for 100,000-400,000 MT. That was a marketing year low as we get into the last month for 2025/26. New crop business was tallied at 903,920 MT, on the low side of the 0.9-1.55 MMT estimates. That was a 4-week low for sales.
Soybean meal sales were tallied at 248,090 MT in that week, in the middle of the expected range of... Read more
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