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
A severe drought is magnifying Europe’s economic risks by disrupting crop yields, energy production and trade flows at a time when the continent is already facing soaring food and fuel prices. . .
A mostly lower day on Monday except hogs as poor economic news out of China and weather produced a risk off session. Cattle gave up early gains as funds took profits, hogs supported by the futures discount to the LHI.
Grains continue lower with a risk off session, but have rebounded off the lows. Livestock mostly higher.
Where do the markets go post WASDE? Is the crop going to get smaller going into the September report with much of the heat hitting the crop after August 1? How much will more favorable weather help?
A risk off day has grains under pressure early with improved weather and outside markets reacting to China’s cut in interest rates. Livestock opened mixed with cattle higher on the pullback in corn, but hogs lower.
Corn production is down 5% from last year, forecast at 14.4 billion bushels; soybean growers are expected to increase their production 2% from 2021, forecast at 4.53 billion bushels,
Corn and soybeans closed higher on Friday after the WASDE numbers, with wheat and livestock futures lower on profit taking before the weekend.
China’s ag ministry cut its estimate for 2021-22 (Oct.-Sept.) soybean imports to 91.0 MMT. . .
Grains mixed ahead of the WASDE Report, livestock start mixed and then slide on profit taking after the higher day Thursday. Randy Martinson of Martinson Ag kicks off the market day with Michelle Rook.
President Joe Biden is “very cautious” about making a move on the Trump-era tariffs on China and is still assessing his options, Commerce Secretary Gina Raimondo said Wednesday.