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Soybean Meal Dec '18 (ZMZ18)

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Soybean Meal Futures Market News and Commentary

Bean Prices Higher on Friday but Lower on Week

Soybeans futures closed up 2 1/4 to 2 1/2 cents on Friday, but were lower by 2 cents on the week. Soybean meal finished Friday’s session $1.70/ton higher, but still ended the week down by $2.30/ton. Soy oil was 39 points higher by Friday’s close and ended the day with a 3 point gain. As of Tuesday, managed money added 16,502 contracts to a long position, while simultaneously the short position was reduced by 26,026. That brought soybean futures to a net long position of 49,029 contracts, the highest net long position for that group since June 5th 2018. Managed money also reduced their net short position for soy meal for the 4th consecutive week. Soy oil’s trend also continued for the fourth consecutive week, as managed money increased their net long position to 43,457 contracts, the highest fund net long for soy oil since Nov 28th 2017. USDA’s weekly export sales report showed soybean export sales were 13.5% below last week, but were at the top of trade estimates with 1.600 MMT for th... Read more

Contract Specifications

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Contract
Soybean Meal
Contract Size
100 tons (2,000 pounds per ton)
Tick Size
10 cents per ton ($10.00 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:20p.m. (Settles 1:15p.m.) (Sun-Fri) CST
Exchange
CBOT
Point Value
$100
Margin/Maintenance
$1,287/1,170
First Notice Date
11/30/18
Expiration Date
12/14/18 (expired)

Seasonal Chart

Soybean Meal Dec '18
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Oct 15, 2019

View Chart Details
Commercials - Long / Short
193,800 (+6,138)
194,632 (-9,923)
Non-Commercials - Long / Short
81,052 (+1,381)
77,963 (-8,079)
Producers - Long / Short
97,036 (-1,275)
171,580 (-9,464)
Swap Dealers - Long / Short
80,276 (+5,801)
6,564 (-2,071)
Managed Money - Long / Short
46,050 (+452)
69,912 (-7,186)
Other Reportables - Long / Short
35,002 (+929)
8,051 (-893)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
300.7 +2.89%
on 11/26/18
316.4 -2.21%
on 12/03/18
+3.7 (+1.21%)
since 11/14/18
3-Month
300.7 +2.89%
on 11/26/18
327.3 -5.47%
on 10/15/18
+0.7 (+0.23%)
since 09/14/18
52-Week
300.7 +2.89%
on 11/26/18
392.5 -21.17%
on 05/01/18
-17.3 (-5.30%)
since 12/14/17

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Most Recent Stories

More News
Bean Prices Higher on Friday but Lower on Week

Soybeans futures closed up 2 1/4 to 2 1/2 cents on Friday, but were lower by 2 cents on the week. Soybean meal finished Friday’s session $1.70/ton higher, but still ended the week down by $2.30/ton....

Corn Market News and Commentary

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Corn Trades Lower After Export Sales Report

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Bean Prices Responding to Export Sales Report

Soybeans futures are up 5 3/4 to 6 cents at Friday’s midday. Preliminary open interest rose 14,134 contracts on Thursday, some net new buying. There is follow up today. Soybean meal is up $2.37/ton higher,...

Wheat Mixed at Middays

Wheat Mixed at Middays Wheat futures are mixed at Friday’s midday. Winter wheat is up, with Chicago seeing 4 1/2 cent gains and KC noticing a 1/2 cent increase so far. MPLS is down by 6 cents. The...

How High Are Wheat Prices Going ?

Going higher

Are Corn Prices Going Higher ?

Stay long

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 40% Sell with a Weakening short term outlook on maintaining the current direction.

Longer term, the trend strength is Weak. Long term indicators fully support a continuation of the trend.

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Key Turning Points

2nd Resistance Point 309.7
1st Resistance Point 309.6
Last Price 309.4s
1st Support Level 309.1
2nd Support Level 308.7

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52-Week High 392.5
Fibonacci 61.8% 357.4
Fibonacci 50% 346.6
Fibonacci 38.2% 335.8
Last Price 309.4s
52-Week Low 300.7

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InsideFutures Commentary

InsideFutures is a twice weekly newsletter that features a selection of the latest and best commodities commentary appearing on Barchart.com. Delivered every Wednesday and Friday morning to your inbox.

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