Soybean Meal Jul '24 (ZMN24)
Soybean Meal Futures Market News and Commentary
Soybeans are showing 2 to 3 cent gains so far on Thursday rallying off the early double digit losses. The cmdtyView national average Cash Bean price is up 2 3/4 cents at $12.32 1/2. Soymeal futures are $1.30 to $1.70 higher so far on the day, with Soy Oil back up 22 to 30 points.
The weekly Export Sales report from this morning, showed 73,913 MT of 2025/26 soybean sales within estimates of 200,000 MT in net cancellations to net sales of 200,000 MT during the week of 8/20. That was a 3-week low as we approach the end of the marketing year. New crop sales were reported at 2.478 MMT, which was in the higher side of the 1.5-3 MMT estimates. That was a marketing year high and more than double the same week last year.
Soy meal sales were tallied at 427,480 MT, which was in the middle of the estimated range of 200,000 to 800,000 MT, with 104,702 MT for the current marketing year and 322,778 MT for next MY. Bean oil business was pegged at 360 MT for the current marketing year, a... Read more
Barchart · 21 minutes ago
In this interview we examine the forces that are driving technical volatility and counter-seasonal price shifts across key agricultural commodities like...
Barchart · 1 hour ago
Soybeans are showing 2 to 3 cent gains so far on Thursday rallying off the early double digit losses. The cmdtyView national average Cash Bean price is...
Barchart · 1 hour ago
Corn futures are fading back on Thursday, with contracts 2 to 3 cents lower so far at midday. The CmdtyView national average Cash Corn price is back down...
Barchart · 1 hour ago
The wheat complex is extending the gains to 3-year highs in the winter wheat on Thursday. Chicago SRW contracts are 9 to 10 cents higher on Thursday. KC...
Walsh Trading · Thu Aug 27, 8:15AM CDT
Low Cost Trades, With Limited Risk in Feeder Cattle
Barchart · Thu Aug 27, 7:20AM CDT
Wheat is extending strength to Thursday morning, with contracts up 4 to 7 cents across the three markets. The wheat complex rallied on Wednesday with escalating...
Barchart · 12 minutes ago
Soros Fund Management opened a $105 million position in American Electric Power.
Barchart · 22 minutes ago
In this interview we examine the forces that are driving technical volatility and counter-seasonal price shifts across key agricultural commodities like...
Barchart · 32 minutes ago
October NY world sugar #11 (SBV26 ) closed up +0.60 (+2.41%) today, and October London ICE white sugar #5 (SWV26 ) closed up +10.30 (+2.00%). Sugar prices...
Barchart · 33 minutes ago
December ICE NY cocoa (CCZ26 ) closed up +342 (+5.87%) on Thursday, and September ICE London cocoa #7 (CAU26 ) closed up +239 (+5.76%). Cocoa prices rallied...
Barchart · 34 minutes ago
Nvidia reported a blockbuster Q2 and issued upbeat guidance. Michael Burry believes NVDA shares are undervalued but still recommends caution.
Barchart · 34 minutes ago
December arabica coffee (KCZ26 ) closed down -12.50 (-3.88%) on Thursday, and November ICE robusta coffee (RMX26 ) closed down -59 (-1.63%). Coffee prices...
Barchart · 38 minutes ago
Okta stock rallies on a solid Q2 and raised future guidance. The release triggered a wave of bullish analyst research notes on Thursday.
Barchart · 48 minutes ago
Palo Alto Networks is increasingly using its platform strategy to deepen customer relationships and capture a larger share of enterprise security spending....