Soybean Meal Sep '25 (ZMU25)
Soybean Meal Futures Market News and Commentary
Soybeans saw gains at the Monday close despite the early weakness, with contracts up 2 1/2 to 5 3/4 cents at the final bell. The cmdtyView national average Cash Bean price was up 6 3/4 cents at $10.66 1/4. Soymeal futures were up 70 cents to $1 at the close, with Soy Oil futures mostly 14 to 44 points lower, as July was up 9 points. Crude oil was down $3.72 at the close after the US and Iran came to a peace deal over the weekend.
The weekly Crop Progress report from NASS showed 95% of the US soybean crop planted by 6/7, up 2% from normal, with 88% emerged and 6 percentage points faster than normal. Condition ratings were back up 1% to 66% gd/ex, with the Brugler500 index up 1 points to 368.
NOPA data was updated this morning, with the report showing just 208.785 mbu of soybeans crushed during May, well below the average trade guess and near the low end of estimates. That was up 8.27% from last year but down 1.45% from April. Soybean oil stocks were tallied at 1.735 billi... Read more
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