Soybean Meal Dec '18 (ZMZ18)
Commitment of Traders Positions as of Aug 7, 2018View Chart
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
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+14.8 (+4.58%)since 07/13/18
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-39.3 (-10.42%)since 05/14/18
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+26.7 (+8.58%)since 08/14/17
More Soybean Meal QuotesAll Futures
Agricharts Market Commentary
Soybean futures settled 7 1/2 to 11 cents higher. Nearby soy meal was up $8.30/ton, with soy oil 15 points lower. Reports of Brazilian producers plowing up sugar cane fields to plant more soybeans are being ignored. China continues to pay a huge FOB premium for Brazilian beans that are exempt from the Chinese imposed 25% tariff. NASS reported that 84% of the US soybean crop was setting pods as of Sunday vs. the average of 72%. The crop was rated at 66% good/ex, with the Brugler500 Index dropping 1 point from last week to 369. Conditions improved last week in IN, OH and SD among other states, with ND down 20 points in the Brugler500 Index system and both NE and MO dropping 9. Wednesday’s NOPA report is expected to show 161.745 mbu of soybeans were crushed during July, which would be well above last July.Aug 18 Soybeans closed at $8.64 1/2, up 11 cents,Sep 18 Soybeans closed at $8.68 1/4, up 11 cents,Nov 18 Soybeans closed at $8.79 3/4, up 11 cents,Jan 19 Soybeans closed at $8.91 3/4, up 11 cents,Aug 18 Soybean Meal closed at $335.00, up $7.20,Aug 18 Soybean Oil closed at $28.09, down $0.15
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