Soybean Meal Commodity Markets, Prices & Futures
Use the chart below to check futures prices for soybean meal. Click the contract dates for more prices and trends. Cash price reflects the USDA Chicago terminal.
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Latest News From Soybean Meal
March soybeans closed below long-term chart support of $12.00, the first time soybeans have been under that level since June of 2023. Toay says that now opens the door for $11.76 to be tested.
AgDay TV Markets Now: Garrett Toay, Ag Trader Talk, says a “perfect storm” fueled the risk off selling in grain markets on Monday,
At least three cargoes of Brazilian soybeans were traded on Friday to a U.S. East Coast crusher.
Grain and livestock futures see risk off commodity wide selling. China news, Middle East war escalation and rumors of Brazil soybean imports hit the markets. Kent Beadle, Paradigm Futures has more.
Funds bought grains midweek after China announced economic stimulus, but they jumped right back out on Friday after Asian markets failed to rally.” Mike Zuzulo, Global Commodity Analytics, says its due to demand fears.
AgDay TV Markets Now: Mike Zuzulo, Global Commodity Analytics, discusses why funds sold grains to end the week but bought cattle and hogs futures.
The European Union is considering the establishment of a carbon market in the agriculture sector as part of its ambitious climate goals for the next decade.
“I don’t think we are going to see huge losses in prices from here forward, but these are not exciting prices,” says Jerry Gulke, president of the Gulke Group.
A recap of the week’s price action and outlook segmented into the next 5, 30 and 90 days.
USDA weekly export sales released this week showed soybean exports fell 28% from the previous week. The story isn’t as dreary for corn, as corn exports have made a bit of a comeback from last year.