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Soybean Meal Jul '26 (ZMN26)

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Soybean Meal Futures Market News and Commentary

Soybean Bulls Power into the Close with Tuesday Gains

Soybeans held off the early weakness on Tuesday, as day session buying took price action 7 ½ to 11 ¾ cents higher into the close. Rumors of Chinese inquiries into the US sparked some buying interest early. The cmdtyView national average Cash Bean price was up 10 3/4 cents at $10.77 3/4. Soymeal futures were up $1.50 to $2.80 at the close, with Soy Oil futures falling 55 to 145 points led by the nearbys.

The weekly Crop Progress report from NASS showed 95% of the US soybean crop planted by 6/7, up 2% from normal, with 88% emerged and 6 percentage points faster than normal. Condition ratings were back up 1% to 66% gd/ex, with the Brugler500 index up 1 points to 368. The crop was notedly improved in IN (+10), MN (+4), ND (+10) and SD (+11). Weakening conditions were tallied in IL (-7), IA (-6), NE (-12), and OH (-1). 

Brazil’s soybean exports in June are estimated at 15.31 MMT according to ANEC, up 0.93 MMT from their previous estimate.

Jul 26 Soybeans  closed at $11.... 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
06/30/26 (14 days)
Expiration Date
07/14/26 (28 days)

Seasonal Chart

Soybean Meal Jul '26
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of Jun 9, 2026

View Chart Details
Commercials - Long / Short
297,197 (+19,809)
406,967 (-46,064)
Non-Commercials - Long / Short
164,267 (-37,491)
78,663 (+33,092)
Producers - Long / Short
160,819 (+16,286)
378,788 (-49,436)
Swap Dealers - Long / Short
122,113 (-6,192)
13,914 (-6,343)
Managed Money - Long / Short
114,445 (-36,302)
58,998 (+35,483)
Other Reportables - Long / Short
49,822 (-1,189)
19,665 (-2,391)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
300.3 +1.50%
on 06/16/26
340.6 -10.51%
on 05/18/26
-29.5 (-8.82%)
since 05/15/26
3-Month
300.3 +1.50%
on 06/16/26
342.5 -11.01%
on 05/15/26
-7.9 (-2.53%)
since 03/16/26
52-Week
293.4 +3.89%
on 07/31/25
343.0 -11.14%
on 11/14/25
-5.4 (-1.74%)
since 06/16/25

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Most Recent Stories

More News
For Midwest grains: More heavy rains and severe weather coming

The old saying may be "rains make grains" (however, sayings can also be pains in the #*&%@!)

ZSN26 : 1130-0s (+0.96%)
SOYB : 24.34 (+0.83%)
CORN : 16.93 (+0.42%)
WEAT : 22.75 (+0.93%)
ZWN26 : 596-0s (+1.06%)
ZCN26 : 413-6s (-0.42%)
Wheat Closes Mixed, with Chicago Unwinding Some Spreads

The wheat complex posted mixed trade on Tuesday, as the soft red and hard red spreads were unwinding. Chicago SRW contracts were 3 ½ to 6 ¼ cents in the green at the close. KC HRW futures were steady...

KEU26 : 641-0s (-0.66%)
KEN26 : 633-6s (-0.98%)
MWN26 : 6.1225s (-0.61%)
ZWN26 : 596-0s (+1.06%)
ZWU26 : 604-2s (+0.62%)
Soybean Bulls Power into the Close with Tuesday Gains

Soybeans held off the early weakness on Tuesday, as day session buying took price action 7 ½ to 11 ¾ cents higher into the close. Rumors of Chinese inquiries into the US sparked some buying interest...

ZSPAUS.CM : 10.7728 (+1.04%)
ZLZ26 : 68.04s (-1.83%)
ZMZ26 : 307.2s (+0.52%)
ZSPX26US.CM : 10.8035 (+1.12%)
ZSX26 : 1146-4s (+1.04%)
ZSN26 : 1130-0s (+0.96%)
ZSQ26 : 1134-4s (+0.98%)
Corn Closes Mixed with New Crop Strength

Corn futures rounded out the Tuesday session on a mixed note, with front months down ¼ to 1 ¾ cents and new crop contracts up ¾ to 2 ¾ cents. The CmdtyView national average Cash Corn price was down...

ZCZ26 : 442-4s (+0.17%)
ZCU26 : 422-4s (-0.06%)
ZCN26 : 413-6s (-0.42%)
ZCPZ26US.CM : 4.0725 (+0.29%)
ZCPAUS.CM : 3.8306 (-0.29%)
Is China back in the market for US Soybeans?

Grain markets had a softer tone in the overnight trade but sprang to life on rumors of Chinese buyers showing interest in US soybeans. Is it for real this time?

Shootin' the Bull about shrugging right shoulders

The right shoulder developed a shrug, that didn't necessarily void the H & S pattern, but sure moved it away from a textbook example.

Soybeans Fading off Early Weakness with Midday Gains

Soybeans are holding on to the day session opening gains after overnight weakness. Trade shot higher at the 8:30 am CDT open with midday gains of 8 to 11 cents so far at midday. The cmdtyView national...

ZSPAUS.CM : 10.7728 (+1.04%)
ZLZ26 : 68.04s (-1.83%)
ZMZ26 : 307.2s (+0.52%)
ZSPX26US.CM : 10.8035 (+1.12%)
ZSX26 : 1146-4s (+1.04%)
ZSN26 : 1130-0s (+0.96%)
ZSQ26 : 1134-4s (+0.98%)
Wheat Trading Mixed at Tuesday’s Midday

The wheat complex is showing mixed trade on Tuesday, with CBT showing the strength. Chicago SRW contracts are 5 to 8 cents in the green. KC HRW futures are down 1 to 3 ½ cents in the front months. MPLS...

KEU26 : 641-0s (-0.66%)
KEN26 : 633-6s (-0.98%)
MWN26 : 6.1225s (-0.61%)
ZWN26 : 596-0s (+1.06%)
ZWU26 : 604-2s (+0.62%)
Corn Showing Mixed Midday Trade

Corn futures are trading with fractional losses to penny gains so far on Tuesday’s midday. The CmdtyView national average Cash Corn price was down 1/2 cents at $3.84 3/4. Weekly Crop Progress data from...

ZCZ26 : 442-4s (+0.17%)
ZCU26 : 422-4s (-0.06%)
ZCN26 : 413-6s (-0.42%)
ZCPZ26US.CM : 4.0725 (+0.29%)
ZCPAUS.CM : 3.8306 (-0.29%)
Soybeans are Following Space X's Launch Path

Soybeans are rallying off a major support zone despite weaker crude oil, with traders watching for potential China tariff relief and resistance near the 11.70–11.75 level.

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Maximum Signal Strength.

Relative Strength just crossed above 30%. The market has bounced from oversold territory. Beware of a potential mean reversion.

Key Turning Points

3rd Resistance Point 311.5
2nd Resistance Point 308.3
1st Resistance Point 306.6
Last Price 304.8s
1st Support Level 301.7
2nd Support Level 298.5
3rd Support Level 296.8

See More

52-Week High 343.0
Fibonacci 61.8% 324.1
Fibonacci 50% 318.2
Fibonacci 38.2% 312.3
Last Price 304.8s
52-Week Low 293.4

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