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Soybean Meal Jul '24 (ZMN24)

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Soybean Meal Futures Market News and Commentary

Soybeans Bouncing Off Early Lows for Midday Strength

Soybeans are showing 2 to 3 cent gains so far on Thursday rallying off the early double digit losses. The cmdtyView national average Cash Bean price is up 2 3/4 cents at $12.32 1/2. Soymeal futures are $1.30 to $1.70 higher so far on the day, with Soy Oil back up 22 to 30 points.

The weekly Export Sales report from this morning, showed 73,913 MT of 2025/26 soybean sales within estimates of 200,000 MT in net cancellations to net sales of 200,000 MT during the week of 8/20. That was a 3-week low as we approach the end of the marketing year. New crop sales were reported at 2.478 MMT, which was in the higher side of the 1.5-3 MMT estimates. That was a marketing year high and more than double the same week last year.

Soy meal sales were tallied at 427,480 MT, which was in the middle of the estimated range of 200,000 to 800,000 MT, with 104,702 MT for the current marketing year and 322,778 MT for next MY. Bean oil business was pegged at 360 MT for the current marketing year, a... 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
$1,485/1,350
First Notice Date
06/28/24
Expiration Date
07/12/24 (expired)

Seasonal Chart

Soybean Meal Jul '24
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of Aug 18, 2026

View Chart Details
Commercials - Long / Short
260,435 (+5,071)
401,515 (+18,325)
Non-Commercials - Long / Short
174,112 (+6,227)
57,215 (-5,006)
Producers - Long / Short
123,595 (+1,253)
385,478 (+16,990)
Swap Dealers - Long / Short
127,778 (+3,755)
6,975 (+1,272)
Managed Money - Long / Short
129,318 (+6,927)
46,003 (-2,698)
Other Reportables - Long / Short
44,794 (-700)
11,212 (-2,308)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
357.2 +3.16%
on 06/20/24
388.9 -5.25%
on 07/05/24
+8.3 (+2.30%)
since 06/12/24
3-Month
336.4 +9.54%
on 04/18/24
391.3 -5.83%
on 05/28/24
+24.4 (+7.09%)
since 04/12/24
52-Week
326.7 +12.79%
on 02/29/24
434.2 -15.13%
on 11/08/23
-6.6 (-1.76%)
since 07/12/23

More Soybean Meal Quotes

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Most Recent Stories

More News
Soybeans Bouncing Off Early Lows for Midday Strength

Soybeans are showing 2 to 3 cent gains so far on Thursday rallying off the early double digit losses. The cmdtyView national average Cash Bean price is up 2 3/4 cents at $12.32 1/2. Soymeal futures are...

ZSPAUS.CM : 12.3285 (+0.25%)
ZLZ26 : 68.33 (+0.87%)
ZMZ26 : 342.3 (+0.88%)
ZSPX26US.CM : 12.1268 (+0.30%)
ZSX26 : 1269-4 (+0.28%)
ZSU26 : 1257-4 (+0.26%)
ZSX26 : 1269-4 (+0.28%)
Corn Slipping Back at Thursday’s Midday

Corn futures are fading back on Thursday, with contracts 2 to 3 cents lower so far at midday. The CmdtyView national average Cash Corn price is back down 2 3/4 cents at $4.82 1/4. Export Sales data from...

ZCZ26 : 534-4 (-0.37%)
ZCZ26 : 534-4 (-0.37%)
ZCU26 : 511-2 (-0.54%)
ZCPZ26US.CM : 5.0134 (-0.35%)
ZCPAUS.CM : 4.8221 (-0.59%)
Wheat Extending Gains to Thursday and 3-year Highs

The wheat complex is extending the gains to 3-year highs in the winter wheat on Thursday. Chicago SRW contracts are 9 to 10 cents higher on Thursday. KC HRW futures are showing 10 to 12 cent gains in the...

KEZ26 : 823-6 (+1.85%)
KEU26 : 805-2 (+1.67%)
MWU26 : 7.3325 (+1.63%)
ZWU26 : 744-4 (+1.92%)
ZWZ26 : 762-4 (+1.90%)
Walsh Cattle Opportunities - Pure Hedge

Low Cost Trades, With Limited Risk in Feeder Cattle

Wheat Following Wednesday Gains with Thursday AM Strength

Wheat is extending strength to Thursday morning, with contracts up 4 to 7 cents across the three markets. The wheat complex rallied on Wednesday with escalating tensions out of the Black Sea. Chicago SRW...

KEZ26 : 823-6 (+1.85%)
KEU26 : 805-2 (+1.67%)
MWU26 : 7.3325 (+1.63%)
ZWU26 : 744-4 (+1.92%)
ZWZ26 : 762-4 (+1.90%)
Corn Retreating on Thursday Morning After Hitting 3-year Highs

Corn prices are showing losses of 2 to 3 cents early on Thursday morning. Futures rallied to 3-year highs on Wednesday with contracts closing 10 to 13 ½ cents higher. Open interest was down 5,593 contracts...

ZCZ26 : 534-4 (-0.37%)
ZCZ26 : 534-4 (-0.37%)
ZCU26 : 511-2 (-0.54%)
ZCPZ26US.CM : 5.0134 (-0.35%)
ZCPAUS.CM : 4.8221 (-0.59%)
Soybeans Fading Back on Thursday AM Trade

Soybeans are showing 4 to 5 cent losses so far on Thursday. Futures posted gains of 20 to 28 ½ cents across most contracts at the Wednesday close, with meal gaining some steam. Open interest was up 12,091...

ZSPAUS.CM : 12.3285 (+0.25%)
ZLZ26 : 68.33 (+0.87%)
ZMZ26 : 342.3 (+0.88%)
ZSPX26US.CM : 12.1268 (+0.30%)
ZSX26 : 1269-4 (+0.28%)
ZSU26 : 1257-4 (+0.26%)
ZSX26 : 1269-4 (+0.28%)
OCT-DEC SOYBEAN MEAL SPREAD (ZMV26-ZMZ26) - WALSH PURE SPREADER

WALSH PURE SPREADER - Pure Hedge Division

Wheat Rallying to New Highs as Russia Looks to Escalation

The wheat complex rallied on Wednesday with escalating tensions out of the Black Sea. Chicago SRW contracts were up the 45 cent limit in the front months and other contracts up 26 to 44 cents. KC HRW futures...

KEZ26 : 823-6 (+1.85%)
KEU26 : 805-2 (+1.67%)
MWU26 : 7.3325 (+1.63%)
ZWU26 : 744-4 (+1.92%)
ZWZ26 : 762-4 (+1.90%)
Corn Rallies to Fresh 3-year Highs with Help from Limit Gains in Wheat

Corn futures rallied to 3 year highs on Wednesday with contracts closing 10 to 13 ½ cents higher. Spillover strength in wheat and supply concerns over the US crop have both been supportive. The CmdtyView...

ZCZ26 : 534-4 (-0.37%)
ZCZ26 : 534-4 (-0.37%)
ZCU26 : 511-2 (-0.54%)
ZCPZ26US.CM : 5.0134 (-0.35%)
ZCPAUS.CM : 4.8221 (-0.59%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 376.2
2nd Resistance Point 374.6
1st Resistance Point 371.6
Last Price 368.5s
1st Support Level 367.0
2nd Support Level 365.4
3rd Support Level 362.4

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52-Week High 434.2
Fibonacci 61.8% 393.1
Fibonacci 50% 380.4
Last Price 368.5s
Fibonacci 38.2% 367.8
52-Week Low 326.7

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