Soybean Meal Dec '22 (ZMZ22)
Soybean Meal Futures Market News and Commentary
Soybeans are up 12 to 17 cents in most contracts on Thursday. The cmdtyView national average Cash Bean price is up 13 1/4 cents at $10.72 1/2. Soymeal futures are up $2.40 to $2.70 in the nearbys, with Soy Oil futures back up 55 to 70 points.Â
Precip heading into July is limited in portions of NE, SD, IA, the southern portions of MN/WI as well as the northern areas of the Eastern Corn Belt according to the NOAA 7-day QPF. Rain totals of 1 to 3 inches are seen in much of the ECB.Â
Export Sales data from this morning indicated 455,405 MT of 2025/26 soybean sales in the week of June 18, on the high side of estimate of between 100,000 to 500,000 MT. That was a 12 week high for old crop business and 13.02% larger than the same week last year. Sales for the new crop marketing year in the week ending were tallied at 902,159 MT, which fell between 0.45 to 1 MMT estimates. That was a marketing year high and well above the same week last year.Â
Soybean meal sales were talli... Read more
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