Soybean Meal Sep '26 (ZMU26)
Soybean Meal Futures Market News and Commentary
Soybeans are trading with contracts 2 to 5 cent gains at midday. The cmdtyView national average Cash Bean price is up 4 1/2 cents at $11.45 1/4. Soymeal futures are $2.60 higher on the day, with Soy Oil down 37 points. There were 26 deliveries against August soybeans overnight, with 2 for soy meal and 91 for bean oil. August futures expire on Friday.
USDA reported a private export sale of 125,000 MT of soybeans to China this morning for 2026/27 shipment.
Weekly Export Sales data was out this morning, with a total of just 75,119 MT in old crop sales, in between analysts’ expectations of net cancellations of 200,000 MT to sales of 300,000 MT in the week of August 6. New crop sales were tallied at 1.76 MMT, which was within estimates of between 1.5-1.9 MMT in that week. That was the second largest for the marketing year and more then triple the same week last year.
Soybean meal sales were pegged at 218,377 MT, in the middle of the 100,000 to 400,000 MT estimates, with... Read more
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