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Soybean Meal Jul '23 (ZMN23)

430.0s -0.9 (-0.21%) 07/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, Jul 14th, 2023
Day Low
426.8
Day High
430.0
Open 426.8
Previous Close 430.9 430.9
Volume 1 1
Open Interest 0 0
Relative Strength 59.40% 59.40%
Weighted Alpha +9.15 +9.15
5-Day Change +20.4 (+4.98%) +20.4 (+4.98%)
52-Week Range 372.8 - 486.9 372.8 - 486.9
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Soybean Meal Futures Market News and Commentary

Soybeans Hold Gains and Fill some Gaps on Wednesday

Soybean bulls pushed back into the close on Wednesday, with contracts up 10 to 12 cents at the close. November filled the gap from the post-July 4th weekend. The cmdtyView national average Cash Bean price was up 10 1/4 cents at $9.82. Soymeal futures were $3 to $5.70/ton higher to close the day, with Soy Oil futures up 5 to 31 points. August futures expire on Thursday.

The next week is looking at 1 to 3 inches shifting mostly over MN, and WI according to NOAA’s 7-day forecast, with parts of the Dakotas and MI seeing some lighter precip.

Export Sales data released on Thursday morning is expected to show 200,000 to 700,000 MT in old crop soybean sales during the week of August 7. New crop business is expected to total 400,000 to 900,000 MT. Meal bookings are estimated in a range of 150,000 to 500,000 MT, with bean oil seen between 0 and 22,000 MT.

Aug 25 Soybeans  closed at $10.23 1/2, up 11 3/4 cents,

Nearby Cash  was $9.82, up 10 1/4 cents,

Sep 25 Soybe... 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
06/30/23
Expiration Date
07/14/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Aug 5, 2025

View Chart Details
Commercials - Long / Short
346,431 (+2,157)
282,541 (+2,554)
Non-Commercials - Long / Short
113,280 (-7,914)
194,890 (-8,975)
Producers - Long / Short
223,064 (+1,751)
266,105 (+3,421)
Swap Dealers - Long / Short
108,984 (+2,141)
2,053 (+868)
Managed Money - Long / Short
48,297 (-4,798)
179,574 (-899)
Other Reportables - Long / Short
64,983 (-3,116)
15,316 (-8,076)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
386.5 +11.25%
on 06/15/23
Period Open: 389.7
441.2 -2.54%
on 06/21/23
+40.3 (+10.34%)
since 06/14/23
3-Month
386.3 +11.31%
on 05/31/23
Period Open: 456.8
468.2 -8.16%
on 04/18/23
-26.8 (-5.87%)
since 04/14/23
52-Week
372.8 +15.34%
on 07/22/22
Period Open: 392.0
486.9 -11.69%
on 03/07/23
+38.0 (+9.69%)
since 07/14/22

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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 434.3
2nd Resistance Point 432.1
1st Resistance Point 431.1
Last Price 430.0s
1st Support Level 427.9
2nd Support Level 425.7
3rd Support Level 424.7

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52-Week High 486.9
Fibonacci 61.8% 443.3
Last Price 430.0s
Fibonacci 50% 429.8
Fibonacci 38.2% 416.4
52-Week Low 372.8

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