Soybean Meal Oct '26 (ZMV26)
Soybean Meal Futures Market News and Commentary
Soybeans were in rally mode on Tuesday, with bean oil continuing to pull the market higher, up 6 ¾ to 9 1/4 cents on the beans. The cmdtyView national average Cash Bean price was up 9 1/4 cents at $11.11 3/4. Soymeal futures were down $2.10 to 20 cents higher on the day, with Soy Oil futures up 184 to 251 points in the front months.Â
D4 Rin values have reached their highest levels since late 2022, which is supporting the bean oil market via increased renewable demand for the feedstocks.
The weekly Crop Progress report from NASS showed the US soybean crop was pegged at 12% planted by April 19. That is well above the 5% average pace for this time of year and the 7% from last year. By state, just IA, MI, and WI were the only states below the average planting pace.Â
Planting progress is far from delayed at this point, though the next 7-days looks to see limited planters rolling, as 1 to 3 inches of rain is expected from the Central Plains to the East Coast.
May 2... Read more
Walsh Trading · Tue Apr 21, 7:28PM CDT
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. I really like this chart for...
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We could see a lower trade across the board tomorrow. Risk Off Environment
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