Soybean Meal Aug '17 (ZMQ17)
Soybean Meal Futures Market News and Commentary
Soybeans are trading with 5 to 6 cent losses on Thursday morning. Futures broke to the downside on Wednesday, with contracts down 8 ½ to 11 ¼ cents at the close. Open interest was down 3,408 contracts on Wednesday.  The cmdtyView national average Cash Bean price was down 11 1/4 cents at $10.95 1/2. Soymeal futures were 60 cents to $5.40 lower, with Soy Oil futures 30 to 71 points higher.
On Wednesday, a Wall Street Journal report stated that USDA Secretary Vaden said he expects China to honor their commitment to buy 25 MMT of US soybeans this year and stated that they have already started placing orders. USDA’s Export Sales data shows no new crop sales to China, with just 317,000 in 2026/27 sales for unknown destinations.Â
Export Sales data will be released this morning, with old crop business expected to be in a range of 100,000-500,000 MT. Sales for 2026/27 are seen at 60,000 to 300,000 MT. Bean meal sales are seen between 200,000 to 600,000 MT, bean oil expected betwe... Read more
Barchart · Thu Jun 4, 7:30AM CDT
Wheat is seeing a slight recovery on Thursday AM, with contracts higher across the three markets. The wheat complex continued the downtrend on Wednesday,...
Barchart · Thu Jun 4, 7:30AM CDT
Soybeans are trading with 5 to 6 cent losses on Thursday morning. Futures broke to the downside on Wednesday, with contracts down 8 ½ to 11 ¼ cents at...
Barchart · Thu Jun 4, 7:30AM CDT
Corn price action is down 2 to 3 cents early on Thursday. Futures continued the recent slide to new lows for the move on Wednesday, down 5 to 9 cents in...
Blue Line Futures · Thu Jun 4, 6:05AM CDT
July corn scored fresh contract lows below 428½ with the RSI under 30 for the first time in a year, and December corn sits at its lowest since February....
Barchart · Thu Jun 4, 5:05AM CDT
A lack of headlines left the commodity complex adrift, for the most part, overnight through early Thursday morning.
Barchart · Wed Jun 3, 5:12PM CDT
Soybeans broke to the downside on Wednesday, with contracts down 8 ½ to 11 ¼ cents at the close. The cmdtyView national average Cash Bean price was...
Barchart · 40 minutes ago
July NY world sugar #11 (SBN26 ) today is down -0.02 (-0.14%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.50 (+0.11%). Sugar prices recovered...
Barchart · 56 minutes ago
July ICE NY cocoa (CCN26 ) today is down -129 (-3.17%), and July ICE London cocoa #7 (CAN26 ) is down -83 (-2.69%). Chocolate demand concerns are weighing...
Barchart · 58 minutes ago
ASML Holdings (ASML) is a global leader in advanced semiconductor manufacturing systems, recently reaching an all-time high of $1,743.27. ASML demonstrates...
Barchart · 1 hour ago
Broadcom reported a double beat in its latest quarterly results.
Barchart · 1 hour ago
Caterpillar stock rallies as Trump cuts Section 232 tariffs on its core products. But is there any further upside left in CAT shares?
Barchart · 1 hour ago
July arabica coffee (KCN26 ) today is down -4.90 (-1.94%), and July ICE robusta coffee (RMN26 ) is down -9 (-0.27%). Coffee prices added to this week’s...
Barchart · 1 hour ago
Investors punished Broadcom after management didn’t raise its long-term AI revenue forecast. But the company's AI business continues to grow at an extraordinary...
Barchart · 1 hour ago
July WTI crude oil (CLN26 ) today is down -3.25 (-3.38%), and July RBOB gasoline (RBN26 ) is down -0.1117 (-3.57%). Crude oil prices are falling sharply...
