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
USDA projects a decrease in U.S. farm sector profits in 2023 compared to the record-high levels of 2022. Inflation-adjusted net cash farm income is forecast to decline by $49.2 billion (23.8%) to $157.9 billion in 2023.
Corn and wheat see corrective buying with strong exports. Profit taking hit the soybean complex with an eye on Brazil wx. Cattle fall with lower cash, hogs mostly higher. Oliver Sloup, Blue Line Futures, has more.
Corn & wheat up on strong exports, first notice day liquidation eases. The soybean complex & crude oil see end of month profit taking. Cattle fall with lower cash, fund selling. Kevin Duling, KD Investors, has more.
Cattle see fund selling resume but is the low in? Hogs consolidating, while corn up with liquidation easing on first notice day & with strong weekly exports. Scott Varilek, Kooima Kooima Varilek, has more.
Grains mostly higher on corrective buying and wheat export news. Soybeans keep an eye on Brazil weather. Cattle and hogs continued to recover but are they confirming lows? Rich Nelson of Allendale has details.
AgDay TV Markets Now: Rich Nelson, Allendale, explains what drove the mostly higher day in grains and if wheat and corn have finally bottomed.
JPMorgan predicts the U.S. dollar is likely to strengthen due to the potential for a divisive U.S. election contest between President Joe Biden and former President Donald Trump.
Wheat rallies with talk of China biz, plus corrective buying, Soybeans off highs w/Brazil rain chances, corn makes new lows. Cattle & hogs consolidating, so are the lows in? DuWayne Bosse, Bolt Marketing, has more.
The projects are focused on strengthening supply chain reliability, creating workforce development opportunities, speeding up the movement of goods, and improving the safety, reliability and resilience of ports.
Dredging the Mississippi River to a depth of 50' allows 500,000 more soybean bushels to be loaded per vessel, which helps lower freight rates and adds to the value of the soybeans exported.