Soybean Meal Jul '25 (ZMN25)
Soybean Meal Futures Market News and Commentary
Soybeans posted gains of 5 ½ to 11 ¾ cents across most contracts on Friday, with September up 18 ¾ cents on the week. November was up 16 ¼ cents. The cmdtyView national average Cash Bean price was up 10 3/4 cents at $11.50. Soymeal futures closed the session with contracts up a dime to $2.80, with September up $1.30 this week. Soy Oil were 9 to 65 points higher, with September 120 in the green for the week. August futures across the complex expired today.
USDA reported a private export sale of 136,000 MT of soybeans to China this morning for 2026/27 shipment. That took the total sales announced for the week to 641,000 MT all to China.
Commitment of Traders data from CFTC showed managed money cutting back 24,104 contracts from their net long position in the week ending on August 11. That took their net long to 101,362 contracts.
USDA Export Sales data now has old crop soybean sales at 41.79 MMT, or 101% of the USDA forecast, which is near the 102-103% average sale... Read more
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In my opinion, traders started digging the Tiger trap early this week, believed in expectation of Friday's news.
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