CBOT Soymeal (Chicago, US)

Price quotation Price quotation for 100 short tons of soybean meal (~91 metric tons). Price quotation in US dollars and cents per short ton
Kontraktgröße / Contract Unit
100 short tons (~ 91 metric tons)
Specification

Historical closing prices

Newsticker

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17.
10.22
10:00

Rape in Paris was calm on Friday. While the front month was flat, the back dates had to cope with marginal losses. In Winnipeg, canola prices also suffered losses in the wake of the softening agricultural markets. In addition to the developments in soybean, the ongoing harvest pressure in particular is responsible for…

ZMP Market assessment

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16.
02.24
  • reduced crop estimates Brazil
  • lower rapeseed expectations in Europe for the coming harvest
  • Cultivated area in Ukraine declining
  • ongoing harvest Brazil
  • better forecasts for Argentina
  • high harvest expectations 2024/25 USA
ZMP Market Report Compact

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13.
01.24
11:05
USDA Oilseed Market 2023/24 Market Report Compact

Oilseeds: status and prospects (1) IGC with soybean estimate: Despite a slight reduction in the previous month's estimate, the IGC's forecast of global soybean production of 392 million tonnes remains at a record level. The decisive factor is the Brazilian harvest that has just started with a slightly reduced estimate of 154 million t (previous…

09.
12.23
14:22

Oilseed market: high supply despite reduction in previous month's results The USDA estimate for December 2023 is somewhat more subdued than expectations in the previous month. Nevertheless, a production increase of +4.3% to 661 million t is expected, consumption is estimated at 650 million t. As a result, inventories will increase by around 11…

18.
11.23
09:17

Above-average supply of soybean market The IGC estimates global soybean production at a record high of 395 million t. Brazil played a decisive role in this with an increased harvest of 155 million t (previous year 126.5 million t). The new harvest due in spring 2024 is even estimated at 160 million t due to the increased cultivation area. Support…

11.
11.23
10:15

The USDA estimates global oilseed production in 2023/24 to be around 4.8% higher than in the previous year. The increasing soy production , with an increase of +7.6%, and the sunflower harvest, with an increase of +8.8%, played a significant role in this. In contrast, the global rapeseed harvest fell by -3.6% due to crop losses in Australia and…

13.
10.23
12:35

Oct. 2023: USDA corrects previous month's oilseed estimate downwards, but above previous year In its monthly estimate of the global oilseed market, the USDA reduces its forecasts for individual oilseed crops by a total of 1.5 million t to 659 million t. The biggest decline compared to the previous month is in soybean production at almost -2 million…

23.
09.23
09:24

Oilseed market: high soy supply - soy prices fall significantly In its latest September 23 edition, the IGC slightly reduced global soybean production for 2023/24 compared to the previous month's estimate, but the overall result remains well above the previous year's level with an increase of almost 8%. The world harvest is estimated at 396 million…

Press review

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Daten-Copyright / Haftungsausschluss
Description

Copyright © 2018. All CME market data is provided by Barchart Solutions.

Futures: At least a 10-minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

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Specification

Denominierung / Currency
U.S. Dollar ($)
Minimale Preisveränderung / Minimum Price Fluctuation
0.10 per short ton = $10.00 TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright
Fälligkeiten / Maturities
15 monthly contracts of Jan, Mar, May, Aug, Sep and 12 monthly contracts of Jul, Oct, Dec listed annually after the termination of trading in the December contract of the current year.
Handelszeiten / Trading Hours
CME Globex:
Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:20 p.m. CT

TAS: Sunday - Friday 7:00 p.m. - 7:45 a.m. and Monday - Friday 8:30 a.m. - 1:15 p.m. CT
CME ClearPort:
Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT
Letzter Handelstag / Last trading day
Trading terminates on the business day prior to the 15th day of the contract month.
Erfüllung / Settlement
Deliverable
Schlussabrechnungspreis / Final Settlement Price
Soybean Meal Settlement Procedures
Stand / Last updated

Further specifications

Through December 2018, 48% Protein Soybean Meal, meeting the requirements listed in the CBOT Rules and Regulations. As of January 2019, 47.5% Protein Soybean Meal, meeting the requirements listed in the CBOT Rules and Regulations.

The CBOT (Chicago Board of Trade) is one of the oldest financial and commodity futures exchanges based in Chicago. In 2007, the CME (Chicago Mercantile Exchange) and the CBOT were merged to form the joint CME Group Inc. The CBOT offers both electronic trading and open outcry trading on the trading floor. An overview of agricultural commodity futures can be found here.

Futures are available on a whole range of different underlying assets such as soybeans(soybean meal, soybean oil). It is important to note that all futures are traded on futures exchanges. The exchange determines exactly what a futures contract looks like.

It should also be noted that virtually all futures contracts are not physically delivered, but are generally settled by trading the offsetting position before the contract expires. Most traders only use futures to hedge the prices they pay or receive on the local market at world market prices and are not interested in physical delivery at the location specified by the exchange.

The soybean, often referred to simply as soy, is a plant species within the legume family (Leguminosae or Fabaceae).

The cultivation of soybeans as a food crop has been documented since 3050 BC in Japan and at least since 1550 BC in Korea and China. Today, soybeans are grown on 6% of the world's agricultural land and are the world's most important oilseed. Its increasing importance is reflected in the highest increase in acreage of all crops since the 1970s. While 17 million tons were produced in 1960, this figure had already risen to 334.9 million tons by 2016.

As an oilseed, soybeans contain around 20% oil. The soybean oil is mainly used as food, but also for the production of biodiesel, for example. After the oil has been pressed, the remaining extraction meal (soybean cake) is heated to destroy the components that are toxic and unpalatable to animals and humans (trypsin inhibitors and haemagglutinins) and then 98% is fed to animals and 2% is used as food for humans. Soybeans contain about 37% protein. As food, the protein quality of soy protein is comparable to that of animal protein, which sets soybeans apart from other plants.

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