Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
or
Menu

Soybean Meal Mar '18 (ZMH18)

Get Real-Time Futures
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [CBOT]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ fieldTitles[key] ]] [[ value ]] [[ value ]]

Soybean Meal Futures Market News and Commentary


Soybean futures ended the day with the front months 5 to 5 1/2 cents higher. Nearby soy meal was up $1/ton, with soy oil 19 points higher. This morning’s monthly WASDE update from the USDA showed no changes to the US supply and demand table, with 18/19 US carryout at 955 bu. The cash average price range for soybeans was narrowed by 50 cents to $7.85-9.35 but is still centered at $8.60. World ending stocks are now projected at 115.33 MMT by WAOB, up 3.25 MMT from their prior estimate. Revisions were made to 17/18 numbers, as Brazil’s production was raised 0.5 to 120.3 MMT and carryout was 1.6 MMT higher. For 18/19 USDA increased their Brazilian soybean production number to 122 MMT, vs. the new CONAB update at 120.066 MMT.Jan 19 Soybeans closed at $9.15, up 5 1/4 cents,Mar 19 Soybeans closed at $9.28 1/4, up 5 1/2 cents,May 19 Soybeans closed at $9.41, up 5 1/2 cents,Aug 19 Soybeans closed at $9.56 3/4, up 5 1/2 cents,Dec 18 Soybean Meal closed at $308.90, up $1.00,Dec 18 Soybean Oil closed at $28.71, up $0.19--provided by Brugler Marketing & Management

Contract Specifications

See More
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. (Sun-Fri) CST
Exchange
CBOT
Point Value
$100
Margin/Maintenance
$1,595/1,450
First Notice Date
02/28/18
Expiration Date
03/14/18 (expired)

Seasonal Chart

Soybean Meal Mar '18
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Dec 4, 2018

View Chart Details
Commercials - Long / Short
227,707 (-14,584)
274,207 (-11,875)
Non-Commercials - Long / Short
88,793 (+239)
59,755 (-2,039)
Producers - Long / Short
125,591 (-15,124)
241,836 (-4,336)
Swap Dealers - Long / Short
76,491 (+5,926)
6,746 (-2,153)
Managed Money - Long / Short
50,168 (+577)
52,015 (-4,460)
Other Reportables - Long / Short
38,625 (-338)
7,740 (+2,421)
Get Realtime - Quotes and Charts for Futures Traders. Learn More

Price Performance

See More
Period Period Low Period High Performance
1-Month
368.3 unch
on 03/14/18
399.7 -7.86%
on 03/02/18
-1.6 (-0.43%)
since 02/14/18
3-Month
310.3 +18.69%
on 01/12/18
399.7 -7.86%
on 03/02/18
+42.7 (+13.11%)
since 12/14/17
52-Week
298.4 +23.42%
on 06/23/17
399.7 -7.86%
on 03/02/18
+42.7 (+13.11%)
since 03/14/17

More Soybean Meal Quotes

All Futures
Please wait...

Most Recent Stories

More News
Wheat Market News and Commentary

Wheat futures saw up to 5 1/2 cent losses in the winter wheat contracts on Tuesday, with MPLS steady to 2 cents higher. The USDA 18/19 US ending stocks projection was pegged at 974 mbu this morning, 25...

Corn Market News and Commentary

Corn futures closed the Tuesday session with most contracts fractionally to 1 3/4 cents higher, despite larger carryout estimates for both the US and World. USDA updated their monthly S&D table this morning...

Soybeans Market News and Commentary

Soybean futures ended the day with the front months 5 to 5 1/2 cents higher. Nearby soy meal was up $1/ton, with soy oil 19 points higher. This morning’s monthly WASDE update from the USDA showed...

Soybeans - Just My Opinion

Still Waiting for China to Bailout the US Soybean Market

Livestock Report

Cattle recovers Hogs test support

Livestock Report

Cattle recovers Hogs test support

Wheat Prices Lower On Crop Report

Chart structure remains in your favor

Corn Market News and Commentary

Corn futures are fractionally mixed @ Tuesday’s midday. USDA updated their monthly S&D table this morning showing no change to the production side for US as expected. They did cut corn usage for...

Soybeans Market News and Commentary

Soybean futures are showing 3 to 3 1/2 cent gains on Tuesday. Nearby soy meal is up 30 cent/ton, with soy oil 13 points higher. This morning’s monthly WASDE update from the USDA showed no changes...

Wheat Market News and Commentary

Wheat futures are currently 4 to 6 1/2 cents lower in most winter wheat contracts on Tuesday, with MPLS steady to 2 cents higher. The USDA 18/19 US ending stocks projection was pegged at 974 mbu this morning,...

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 32% Buy with a Weakest short term outlook on maintaining the current direction.

Longer term, the trend strength is Average. Long term indicators fully support a continuation of the trend.

See More Share

Key Turning Points

2nd Resistance Point 378.7
1st Resistance Point 373.5
Last Price 368.3s
1st Support Level 365.7
2nd Support Level 363.1

See More

52-Week High 399.7
Last Price 368.3s
Fibonacci 61.8% 361.0
Fibonacci 50% 349.0
Fibonacci 38.2% 337.1
52-Week Low 298.4

See More

InsideFutures Commentary

InsideFutures is a twice weekly newsletter that features a selection of the latest and best commodities commentary appearing on Barchart.com. Delivered every Wednesday and Friday morning to your inbox.

Add Data Columns to this Table
Learn about our Custom Views
Want to use this as
your default charts setting?
Learn about our Custom Templates
Switch the Market flag
above for targeted data.
Open the menu and switch the
Market flag for targeted data.
Get Streaming Chart Updates
Switch your Site Preferences
to Interactive Chart
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar