Soybean Meal Mar '26 (ZMH26)
Soybean Meal Futures Market News and Commentary
Soybeans are trading with front months down 1 to 2 cents, with deferred contracts up 1 1/2 cents. Futures closed the Friday session with contracts 5 to 10 ½ cents higher, as meal took control. May was up 12 ¼ cents on the week, with November up 3 3/4 cents. Open interest was up 6,717 contracts on Friday. The cmdtyView national average Cash Bean price was up 11 cents at $11.08. Soymeal futures rallied $7.50 to $14.20 on the day, with May up $16.60 last week. Soy Oil futures were down 24 to 61 points on the day, with May down 185 points last week.Â
USDA reported a private export sale of 100,000 MT of soybean meal to Italy on Friday morning.
Crude oil is back up $7.71 this morning, as risk is being put back in the market following the breakdown of US/Iran negotiations this weekend. The US is now expected to have their own blockade of the Strait of Hormuz starting this morning to try and cut off the flow of oil out of Iran.Â
CFTC data was released on Friday, showing sp... Read more
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Soybeans are trading with front months down 1 to 2 cents, with deferred contracts up 1 1/2 cents. Futures closed the Friday session with contracts 5 to...
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