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Soybean Meal Aug '18 (ZMQ18)

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Soybean Meal Futures Market News and Commentary

Soybeans Close Just Off Friday Highs

Soybeans powered into the close as contracts were within a few cents of the daily high at the final bell. Futures were up anywhere from 7 to 16 cents at the close. The weekly gains totaled 37 ¾ cents for July and 26 ¼ cents for new crop November. Soymeal continued the rally on the week with Friday gains of $4.30 to $9.40/ton across the board, and July up $27.50 for the week. Soy Oil bulls weren’t as lucky, with contracts down 11 to 19 points on Friday and taking the weekly loss to 246 points for July.

There were 146 deliveries vs. May meal overnight, all stopped by a Stonex client. Bean oil deliveries shrank to only 79 contracts, with a handful stopped by ADMIS.  There were 196 contracts issued against May soybeans, with ADM stopping 179 for the house account. 

USDA issued a flash sale announcement of 122,000 MT of soybeans sold to unknown destinations this morning. 

Weekly Commitment of Traders data showed managed money spec traders in soybean futures and option a... 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
$2,090/1,900
First Notice Date
07/31/18
Expiration Date
08/14/18 (expired)

Seasonal Chart

Soybean Meal Aug '18
Average Price Chart for 5 Prior Aug Contracts

Commitment of Traders Positions as of Apr 30, 2024

View Chart Details
Commercials - Long / Short
191,673 (-19,883)
240,781 (-2,335)
Non-Commercials - Long / Short
130,740 (+10,298)
98,621 (-7,378)
Producers - Long / Short
99,615 (-11,043)
234,949 (+821)
Swap Dealers - Long / Short
88,555 (-7,886)
2,329 (-2,202)
Managed Money - Long / Short
112,261 (+12,410)
65,576 (-12,866)
Other Reportables - Long / Short
18,479 (-2,112)
33,045 (+5,488)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
321.4 +4.23%
on 08/13/18
342.6 -2.22%
on 07/31/18
+9.0 (+2.76%)
since 07/13/18
3-Month
321.4 +4.23%
on 08/13/18
387.7 -13.59%
on 05/15/18
-49.4 (-12.85%)
since 05/14/18
52-Week
304.8 +9.91%
on 08/23/17
403.2 -16.91%
on 05/02/18
+23.1 (+7.41%)
since 08/14/17

More Soybean Meal Quotes

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Most Recent Stories

More News
Soybeans Close Just Off Friday Highs

Soybeans powered into the close as contracts were within a few cents of the daily high at the final bell. Futures were up anywhere from 7 to 16 cents at the close. The weekly gains totaled 37 ¾ cents...

ZMN24 : 372.2s (+2.00%)
ZLN24 : 43.08s (-0.37%)
ZSK24 : 1201-6s (+0.99%)
ZSPAUS.CM : 11.5597 (+1.42%)
ZSN24 : 1215-0s (+1.33%)
ZSX24 : 1201-0s (+1.12%)
ZSPX24US.CM : 11.3921 (+1.18%)
Wheat Rallies into Weekend

Wheat bulls were feeling better heading into the weekend, as Friday posted a round of strength. Chicago contracts were up 11 to 19 ¼ cents across the board, with May getting thin and July up just a tick...

ZWK24 : 606-0s (+3.32%)
ZWN24 : 622-4s (+3.02%)
KEK24 : 660-0s (+3.61%)
KEN24 : 650-2s (+2.16%)
MWK24 : 708-2s (unch)
Corn Bulls Hold on For Friday Gains

Corn held up despite the bears putting up a fight after the overnight strength. Futures closed with contracts up ½ to 3 ¼ cents, as in delivery May was down a nickel. July futures ended the week with...

ZCK24 : 447-0s (-1.11%)
ZCPAUS.CM : 4.3784 (unch)
ZCN24 : 460-2s (+0.11%)
ZCZ24 : 482-6s (+0.68%)
ZCPZ24US.CM : 4.5268 (+0.79%)
Shootin' the Bull about slowing economic growth

In my opinion, further clues were presented at the end of the week via the unemployment report as to further weakening of the economy.  Stagflation has settled in with the Fed's Powell stating this week...

Grain Market Update: Will Corn, Wheat, and Soybean Prices Continue to Rally?

I spoke about the grain market with Michelle Rook today on AgWeb's Markets Now. We also discussed the U.S. dollar and crude oil.

ZCK24 : 447-0s (-1.11%)
ZWK24 : 606-0s (+3.32%)
ZSK24 : 1201-6s (+0.99%)
European Commodities: Has Cocoa Finally Found Its Top?

Coffee tumbles alongside cocoa, while Brent crude pulls back on bearish U.S. inventories data.

CAN24 : 6,887s (+5.06%)
NFM24 : 74.470s (-1.31%)
XRQ24 : 469.75s (+0.70%)
SWQ24 : 572.00s (+0.26%)
RMK24 : 3,761s (-3.56%)
Q2Y00 : 30,970.00s (+1.20%)
CBN24 : 82.85 (-0.98%)
Corn Fading Early Gains at Midday

Corn futures are slipping of the early session strength on Friday, with contracts down 1 ½ to 3 ½ cents in the nearbys and up 1 to 2 cents in the new crop contracts. Some precip is expected to make...

ZCK24 : 447-0s (-1.11%)
ZCPAUS.CM : 4.3784 (unch)
ZCN24 : 460-2s (+0.11%)
ZCZ24 : 482-6s (+0.68%)
ZCPZ24US.CM : 4.5268 (+0.79%)
Soybeans Pulling Off Early Session Highs

Soybeans are trading the final session of the week, with contracts up 6 to 8 cents across most months, pulling back from early double digit gains. Soymeal is also pulling off the highs, with contracts...

ZMN24 : 372.2s (+2.00%)
ZLN24 : 43.08s (-0.37%)
ZSK24 : 1201-6s (+0.99%)
ZSPAUS.CM : 11.5597 (+1.42%)
ZSN24 : 1215-0s (+1.33%)
ZSX24 : 1201-0s (+1.12%)
ZSPX24US.CM : 11.3921 (+1.18%)
Wheat Holding Double Digit Gains So Far

The wheat complex is heading higher on Friday. Chicago contracts are the leaders, with gains of 17 to 20 cents across most contracts. Kansas City futures are up 13 to 15 cents on the day, so far. There...

ZWK24 : 606-0s (+3.32%)
ZWN24 : 622-4s (+3.02%)
KEK24 : 660-0s (+3.61%)
KEN24 : 650-2s (+2.16%)
MWK24 : 708-2s (unch)
No Bull |The Five Spot

#5 | GREETings Tuesday gave us the much-anticipated release of GREET modeling for the IRA's 40B Sustainable Aviation Fuel tax credit. Heading into Tuesday, the market was anticipating all-encompassing...

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 335.0
1st Resistance Point 335.0
Last Price 335.0s
1st Support Level 335.0
2nd Support Level 335.0
3rd Support Level N/A

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52-Week High 403.2
Fibonacci 61.8% 365.6
Fibonacci 50% 354.0
Fibonacci 38.2% 342.4
Last Price 335.0s
52-Week Low 304.8

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