Soybean Meal Dec '12 (ZMZ12)
Soybean Meal Futures Market News and Commentary
Soybeans are showing 4 to 5 cent losses so far on Tuesday AM trade. Futures posted gains on Monday, with most contracts up 9 ¼ to 19 ¾ cents. Open interest was up 36,208 contracts on Monday, with July leading the charge (16,739). There were 110 contracts deliveries overnight in May soybeans. The cmdtyView national average Cash Bean price was up 17 3/4 cents at $11.54 1/2. Soymeal futures were $1.50 to $2.50 higher on the session, with Soy Oil futures 101 to 137 points higher on the day.Â
The weekly Crop Progress report from NASS showed the US soybean crop at 33% planted by May 3, still well above the 23% average pace for this time of year. Emergence was at 13%, vs. 5% on average.
Monday morning’s Export Inspections report showed 450,145 MT (16.54 mbu) of soybeans shipped in the week of 4/30. That was 29.5% below last week but 34.1% above the same week last year. China was the largest destination of 200,896 MT, with 60,331 MT shipped to Indonesia and 47,012 MT to Mexico.... Read more
Barchart · Tue May 5, 7:29AM CDT
Soybeans are showing 4 to 5 cent losses so far on Tuesday AM trade. Futures posted gains on Monday, with most contracts up 9 ¼ to 19 ¾ cents. Open interest...
Barchart · Tue May 5, 7:29AM CDT
Corn prices are down 1 to 3 ¼ cents as the market kicks of Tuesday trade. Futures posted gains of 5 ¼ to 6 ¾ cents at the Monday close. New buying interest...
Barchart · Tue May 5, 7:29AM CDT
Wheat is trading with losses so far on Tuesday morning. The wheat complex closed with contracts mixed across the three markets. Chicago SRW futures saw...
Barchart · Mon May 4, 5:30PM CDT
Soybeans posted gains on Monday, with most contracts up 9 ¼ to 19 ¾ cents. The cmdtyView national average Cash Bean price was up 17 3/4 cents at $11.54...
Barchart · Mon May 4, 5:30PM CDT
Corn futures posted gains of 5 ¼ to 6 ¾ cents at the Monday close. The CmdtyView national average Cash Corn price was 5 cents higher on the day to $4.44...
Barchart · Mon May 4, 5:30PM CDT
The wheat complex closed with contracts mixed across the three markets. Chicago SRW futures saw gains of 3 ¼ to 6 ½ cents on the session. KC HRW futures...
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