Soybean Meal Jul '25 (ZMN25)

Soybeans came back from earlier sharp weakness on Friday to close the initial 2026 session with contracts down a penny to 3 cents. March was down 26 ¾ cents on the week. The cmdtyView national average Cash Bean price was 6 ¼ cents higher at $9.70. Soymeal futures were $2.30 to $4.10/ton lower, with March down $11.40. Soy Oil futures were up 61 to 80 points on the day, as March settled with an 8 point gain on the week. 

Export Sales data will be out on Monday morning for the week ending on December 25, with analysts looking for 0.7-1.8 MMT of 2025/26 soybean bookings, with 0-150,000 MT for 2026/27. Meal sales are seen between 150,000-500,000 MT, with bean oil sales seen between 0-20,000 MT.

November crush data was updated this afternoon, with NASS showing a total of 220.48 mbu of soybeans crushed during the month, falling shy of estimates. That was down 6.7% from last month, but still 4.98% larger yr/yr. Soybean crush in the first quarter of 2025/26 was 661.74 mbu up 49.5... Read more