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Soybean Meal Mar '23 (ZMH23)

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Soybean Meal Futures Market News and Commentary

Soybeans Rounds Out the Week with Strength

Soybeans futures closed the Friday session with 5 ¾ to 12 ¾ cent gains, as May was 24 cents higher this week. November was up 27 cents on the week. The cmdtyView national average Cash Bean price was up 13 1/2 cents at $11.37 3/4. Soymeal futures were steady to $2.10 higher, with May the exception, down $1.50, as May was down $3.50 on the week. Soy Oil futures were 29 to 93 points higher on Friday, as May was 474 points in the green this week.

Commitment of Traders data showed speculators in soybean futures and options trimming 7,602 contracts from their net long position as of April 28, taking the position to 185,282 contracts. Bean oil extended their record net long by 281 contracts to 165,725 contracts.

USDA’s monthly Fats & Oils report from Friday afternoon showed March soybean crush at 227.36 million bushels, shy of the 231.1 mbu estimate. That was still 6.15% above February and 9.98% above the same month in 2025. Marketing year crush is now 1.651 billion bushels, up... 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
$1,705/1,550
First Notice Date
02/28/23
Expiration Date
03/14/23 (expired)

Seasonal Chart

Soybean Meal Mar '23
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Apr 28, 2026

View Chart Details
Commercials - Long / Short
247,036 (-28,366)
407,465 (-26,956)
Non-Commercials - Long / Short
196,695 (+9,906)
53,594 (+3,260)
Producers - Long / Short
118,305 (-20,899)
385,035 (-21,621)
Swap Dealers - Long / Short
122,307 (-4,310)
16,006 (-2,178)
Managed Money - Long / Short
151,421 (+7,522)
30,362 (+4,526)
Other Reportables - Long / Short
45,274 (+2,384)
23,232 (-1,266)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
485.7 +1.34%
on 02/28/23
510.8 -3.64%
on 03/07/23
-8.8 (-1.76%)
since 02/14/23
3-Month
443.4 +11.01%
on 12/19/22
510.8 -3.64%
on 03/07/23
+36.0 (+7.89%)
since 12/14/22
52-Week
374.3 +31.50%
on 07/05/22
510.8 -3.64%
on 03/07/23
+86.7 (+21.38%)
since 03/14/22

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Soybeans futures closed the Friday session with 5 ¾ to 12 ¾ cent gains, as May was 24 cents higher this week. November was up 27 cents on the week. The cmdtyView national average Cash Bean price was...

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Grain Crushings

Grain Crushings - 2026-05-01

FLM26 : 2.06000s (+1.73%)
ZCPAUS.CM : 4.3881 (+1.64%)
ZCYAUS-BIW.CM : 183.74 (unch)
ZCN26 : 480-2s (+1.16%)
XBQ26 : 224.50s (-0.22%)
XEU26 : 71.62s (unch)
XVN26 : 2,423s (-0.25%)
ZCDAUS-BIW.CM : 15,671,136 (unch)
ZCBAUS.CM : -0.4144 (-25.46%)
Fats and Oils

Fats and Oils - 2026-05-01

RSN26 : 756.30s (-0.98%)
KGN26 : 0.8419s (+2.42%)
ZCN26 : 480-2s (+1.16%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
XSN26 : 3,674s (+0.33%)
CTN26 : 84.19s (+2.42%)
KON26 : 4,570s (-0.17%)
XUU26 : 3,024s (+0.23%)
XTN26 : 4,947s (+0.02%)
XVN26 : 2,423s (-0.25%)
XXU26 : 8,597s (+0.55%)
ZSBAUS.CM : -0.6651 (-13.15%)
Live Cattle & Feeders On The Run, New Targets

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

LEM26 : 253.000s (-0.39%)
GFK26 : 371.400s (-0.34%)
Shootin' the Bull about skating on thin ice

All industry participants spread themselves thinner in projected negative margins between sectors traded, as spreads between beef and cattle widened, and from weight class to weight class.

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 498.5
2nd Resistance Point 495.3
1st Resistance Point 493.8
Last Price 492.2s
1st Support Level 489.1
2nd Support Level 485.9
3rd Support Level 484.4

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52-Week High 510.8
Last Price 492.2s
Fibonacci 61.8% 458.7
Fibonacci 50% 442.5
Fibonacci 38.2% 426.4
52-Week Low 374.3

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