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
Mike Minor, Professional Ag Marketing, says while the tariff news was a bit more subdued Tuesday the markets are still watching tariff headlines and that is impacting money flow in and out of the financial sector as well as the commodities.
As the trade war heats up, the reality is China is still the top export destination for U.S. farmers, even if the country isn’t buying as many soybeans as 2018.
Darin Newsom, Senior Market Analyst for Barchart, says it could just be an oversold bounce as the equity markets have reached bear market territory and that stabilization is helping to firm up the grain and especially the livestock futures.
More than 50 countries have reached out to the Trump administration to open negotiations following the sweeping new tariffs.
Naomi Blohm, Total Farm Marketing, says grains rebound as the market has absorbed much of the tariff news. Meanwhile, livestock saw follow through selling and triple digit losses.
Brad Kooima, Kooima Kooima Varilek, says after a lower start the ag markets reversed with the stock market.
Jerry Gulke, president of the Gulke Group, says one of the markets that was able to cut through the tariff noise and end higher for the week was corn.
Garrett Toay, AgTraderTalk, says soybeans, livestock and outside markets all had a negative response to China imposing retaliatory tariffs on U.S. imports of an additional 34%. But why was corn up for the week?
The energy market are under pressure from a perfect storm of supply increases, economic anxiety, and evolving geopolitical shifts.
Many seed beans were hammered by heat and drought at harvest last year, leading to variable seed quality this season. Knowing your warm/cold germ scores and using seed treatments at planting can help you get the crop off to a stronger start, especially early soybeans.