Soybean Meal May '26 (ZMK26)
Soybean Meal Futures Market News and Commentary
Soybean futures are trading 5 to 6 cents lower at midday on profit taking after the rally on Wednesday had boosted prices above the $12 round number resistance. Futures settled 7 ½ to 11 cents higher on Wednesday. Open interest suggested modest new buying interest, rising 3,344 contracts. The cmdtyView national average Cash Bean price was down 5 ¼ at $11.51 3/4. Soymeal futures are $2.20 to $2.80 higher at midday, while Soy Oil futures have given up early gains and are trading 1 to 6 points lower.
Export Sales data from this morning showed 188,274 MT of old crop soybean sales in the week of July 9, within analyst estimates of 100,000-500,000 MT. That was a 3 week high but down 30.74% from the same week in 2025. New crop business of 1.77 MMT that week exceeded the estimated 0.9-1.7 MMT. That was a MY high and takes the total for the new crop business to 4.598 MMT.Â
Soybean meal export sales hit 228,235 MT in the reporting week, with 177,043 MT for the current marketing ye... Read more
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