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 Dec '18 (ZMZ18)

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 ]]
[[ value ]] [[ value ]]

Soybean Meal Futures Market News and Commentary

Soybean Market News and Commentary

Soybean futures ended the Friday session with 6 to 7 1/4 cent losses in most contracts, pressured by product values. May was down 0.6% on the week. Meal futures were down 30 cents/ton, with soy oil 44 points lower. Nearby soy oil lost 2.62% this week. Money managers in soybean futures and options backed off their net short position by 26,205 contracts as of Tuesday to a net position of -63,992 contracts. US soybean acres were estimated at 85.9 million acres according to a Farm Futures survey of producers. Export commitments for soybeans are down 17% from the same time last year. Compared to USDA’s projection they are 81% complete vs. the 92% average for this time of year.May 19 Soybeans closed at $9.03 3/4, down 6 3/4 cents,Jul 19 Soybeans closed at $9.17 1/4, down 7 cents,Aug 19 Soybeans closed at $9.23 1/4, down 7 cents,Nov 19 Soybeans closed at $9.37 1/2, down 7 1/4 cents,May 19 Soybean Meal closed at $315.00, down $0.30,May 19 Soybean Oil closed at $28.66, down $0.44 --provided by Brugler Marketing & Management
Spring Wheat Basis: 'S'-Now Big Deal

If you’re keeping up to date on my basis postings, you’ll recall my most recent piece on soybeans (“Soybean Basis: The Weight of Futures”) talked about the often-inverse relationship between futures and basis. In other words, if the futures market posts a strong rally, grain merchandisers will often soften basis a bit on the idea that futures will do a good enough job of sourcing enough supplies to meet demand. Last week saw national average soybean basis firm, slightly, despite solid gains in futures, until Friday.Spring wheat was different, though. Here we saw the national average basis (cmdty National Hard Red Spring Wheat Index minus futures) actually weaken as the futures market firmed late in the week. To be exact, the May Minneapolis futures contract gained 5 1/2 cents, paltry indeed compared to the rest of the grain and oilseed complex, while national average basis weakened 1 1/4 cents from the previous to finish at 53 1/4 cents under the May. When one considers much of the U.S. Northern Plains remains buried by feet of snow, in mid-March, it seems counter-intuitive that spring wheat basis should be weakening.Until you factor in where bushels are being held. Most of the wheat in the U.S. winds up in commercial storage, where ownership is more easily transferred from seller to buyer. Therefore, if one doesn’t have to wait for the snow to melt before pulling grain out of an on-farm bin, it creates a situation where winter (into spring) weather doesn’t create a similar search for supplies like what has been seen in corn and soybeans. Darin NewsomPresidentDarin Newsom Analysis Inc.

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. (Settles 1:15p.m.) (Sun-Fri) CST
Exchange
CBOT
Point Value
$100
Margin/Maintenance
$1,320/1,200
First Notice Date
11/30/18
Expiration Date
12/14/18 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Mar 19, 2019

View Chart Details
Commercials - Long / Short
228,827 (-6,304)
241,426 (+14,760)
Non-Commercials - Long / Short
91,898 (+357)
90,608 (-16,724)
Producers - Long / Short
138,408 (-4,700)
206,728 (+16,050)
Swap Dealers - Long / Short
67,099 (+48)
11,378 (+362)
Managed Money - Long / Short
49,536 (+2,227)
77,913 (-13,685)
Other Reportables - Long / Short
42,362 (-1,870)
12,695 (-3,039)
Get Realtime - Quotes and Charts for Futures Traders. Learn More

Price Performance

See More
Period Period Low Period High Performance
1-Month
300.7 +2.89%
on 11/26/18
316.4 -2.21%
on 12/03/18
+3.7 (+1.21%)
since 11/14/18
3-Month
300.7 +2.89%
on 11/26/18
327.3 -5.47%
on 10/15/18
+0.7 (+0.23%)
since 09/14/18
52-Week
300.7 +2.89%
on 11/26/18
392.5 -21.17%
on 05/01/18
-17.3 (-5.30%)
since 12/14/17

More Soybean Meal Quotes

All Futures
Please wait...

Most Recent Stories

More News
Soybean Market News and Commentary

Soybean futures ended the Friday session with 6 to 7 1/4 cent losses in most contracts, pressured by product values. May was down 0.6% on the week. Meal futures were down 30 cents/ton, with soy oil 44...

Wheat Market News and Commentary

Wheat futures settled with most winter wheat contracts steady to 2 cents lower, as MPLS was mixed. Strength in the dollar pressured the market. Front month CBT and KC saw slight gains this week, with MPLS...

Corn Market News and Commentary

Corn futures saw 1 to 2 cent gains in most contracts on Friday, with May up 1.34% this week. A private export sale of 300,000 MT of corn for 2018/19 delivery to China was announced by the USDA this morning....

Livestock Report

Bearish Cattle on Feed?

Grain Spreads:China Buys U.S. Corn

Balance Sheet Changes to Spur Prices?

Soybean Market News and Commentary

Soybean futures are showing 6 to 7 1/4 cent losses in most contracts at Friday’s midday. Meal futures are down 50 cents/ton, with soy oil 39 points lower. US soybean acres are estimated at 85.9 million...

Wheat Market News and Commentary

Wheat futures is mixed in most contracts at midday. KC is fractionally to 2 cents lower, with CBT fractionally to 2 cents higher. MPLS is fractionally mixed. Total old crop export commitments are now 3.1%...

Corn Market News and Commentary

Corn futures are trading 1 to 2 cents higher in the front months on Friday. A private export sale of 300,000 MT of corn for 2018/19 delivery to China was announced by the USDA this morning. An updated...

Grains Report 03/22/19

WHEAT General Comments Winter Wheat markets were higher and Minneapolis Spring Wheat prices closed higher. The export sales report was not strong, but the [...]

German Manufacturing Misses the Beat. The Corn & Ethanol Report 03/22/19

The German manufacturing data had the markets do an about-face as we have another report or headline that “chicken little the sky is falling”!  Once [...]

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 40% Sell with a Weakening short term outlook on maintaining the current direction.

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

See More Share

Key Turning Points

2nd Resistance Point 309.7
1st Resistance Point 309.6
Last Price 309.4s
1st Support Level 309.1
2nd Support Level 308.7

See More

52-Week High 392.5
Fibonacci 61.8% 357.4
Fibonacci 50% 346.6
Fibonacci 38.2% 335.8
Last Price 309.4s
52-Week Low 300.7

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
Read About Upcoming
Changes to This Feature
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar