Soybean Meal Aug '25 (ZMQ25)
Soybean Meal Futures Market News and Commentary
Soybeans found late session strength to post 2 to 9 ¾ cent gains, as nearby July was up 14 ½ cents. The cmdtyView national average Cash Bean price was up 10 1/4 cents at $11.46. Soymeal futures were $2.30 to $3.40 higher across most contracts, with Soy Oil futures 32 to 83 points higher.Â
USDA reported a private export sale of 105,000 MT of soybean meal to Colombia for the current marketing year this morning.
Crop Progress data from NASS showed 34% of the US soybean crop blooming by 7/5, up 6% from normal, with 9% setting pods and 3 percentage points faster than normal. Condition ratings were down 1% at 64% gd/ex, with the Brugler500 index steady at 365. Deterioration was seen in ND (-9), OH (-8), IN (-1) and other fringe states, with improvement in MO (+7), SD (+6), MN (+4), IL (+3), and NE/MI (+1).
Monthly export data from Census showed 2.57 MMT (94.42 mbu) of soybeans shipped in May, which was 72.46% above last year but down 14.35% from last year. That was the s... Read more
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