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Soybean Meal May '26 (ZMK26)

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Soybean Meal Futures Market News and Commentary

Soybeans Drifting Lower at Midday

Soybeans are falling back from early Wednesday gains, as contracts are down 3 to 4 so far. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures are down $2 to 3.10 in the front months, with Soy Oil futures 114 points higher. Strength in the bean oil side is from a report that the EPA is expected to send the 2026 biofuel blending quotas to the White House for review this week.

Ahead of the USDA Ag Outlook Forum on Thursday, the trade is estimating the office of the chief economist will peg soybean acreage at 85 million acres. That would be an increase of 3.8 million acres from last year if realized. Soybean production is estimated at 4.43 bbu, a jump of 168 mbu compared to the 2025 production total. 

ANEC estimates the Brazilian soybean export total in February at 11.46 MMT, down 0.25 MMT from last week’s number. That would still be 5 MMT above the total from last year.

Mar 26 Soybeans  are at $11.30, down 4 cents,

Near... 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
04/30/26 (71 days)
Expiration Date
05/14/26 (85 days)

Seasonal Chart

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

Commitment of Traders Positions as of Feb 10, 2026

View Chart Details
Commercials - Long / Short
280,918 (-3,735)
307,127 (+6,858)
Non-Commercials - Long / Short
112,447 (-886)
101,075 (-9,434)
Producers - Long / Short
154,630 (-6,131)
287,958 (+5,086)
Swap Dealers - Long / Short
118,321 (+1,801)
11,202 (+1,177)
Managed Money - Long / Short
70,564 (-1,011)
87,778 (-9,490)
Other Reportables - Long / Short
41,883 (+125)
13,297 (+56)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
292.7 +5.40%
on 02/04/26
314.8 -2.00%
on 02/13/26
+13.4 (+4.54%)
since 01/16/26
3-Month
292.7 +5.40%
on 02/04/26
334.8 -7.86%
on 11/19/25
-26.4 (-7.88%)
since 11/18/25
52-Week
288.1 +7.08%
on 07/31/25
339.0 -9.00%
on 11/14/25
-10.1 (-3.17%)
since 02/18/25

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Pure Hedge - Livestock and Grain

Opportunity is Knocking - Open the Door

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 317.7
2nd Resistance Point 315.4
1st Resistance Point 312.0
Last Price 308.5s
1st Support Level 306.3
2nd Support Level 304.0
3rd Support Level 300.6

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52-Week High 339.0
Fibonacci 61.8% 319.6
Fibonacci 50% 313.5
Last Price 308.5s
Fibonacci 38.2% 307.5
52-Week Low 288.1

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