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Soybean Nov '24 (ZSX24)

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Soybean Futures Market News and Commentary

Soybeans Post Gains on Tuesday

Soybeans saw some spreading on Tuesday, as old crop contracts were up 10 to 16 ¼ cents and other contracts for new crop up a penny to 4 ¼ cents. Deferred 2025 crop contracts and beyond were down fractionally to 1 ½ cents. Soymeal futures were up 30 cents to $4.30/ton in the front months on Tuesday, as back months down 30 to 50 cents.  Soy Oil futures posted 45 to 59 point gains at the close.

The weekly NASS Crop Progress report indicated US condition ratings down 2% to 70% gd/ex. The Brugler500 index, taking in all 5 ratings categories, was 3 points lower to 376. Much of the crop deterioration came from IL, down 17 points, with ON 7 points lower and SD down 10. Ratings in IA were up 1 point, with NE 3 points better, OH up 4, and MO improving 7 points.  

Brazilian crusher group Abiove trimmed their projection for Brazil’s soybean crop by 1.4 MMT to 152.5 MMT on Tuesday. That is still well above the CONAB projection, but more in line with the USDA.

Jul 24 Soybeans  c... Read more

Contract Specifications

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Contract
Soybean
Contract Size
5,000 bushels
Tick Size
1/4 cent per bushel ($12.50 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:20p.m. (Settles 1:15p.m.) (Sun-Fri) CST
Exchange
CBOT
Point Value
$50
Margin/Maintenance
$2,640/2,400
First Notice Date
10/31/24 (134 days)
Expiration Date
11/14/24 (148 days)

Seasonal Chart

Soybean Nov '24
Average Price Chart for 5 Prior Nov Contracts

Commitment of Traders Positions as of Jun 11, 2024

View Chart Details
Commercials - Long / Short
466,998 (-12,272)
394,613 (-13,365)
Non-Commercials - Long / Short
132,626 (+4,550)
188,971 (+8,906)
Producers - Long / Short
316,749 (-4,714)
369,740 (-8,872)
Swap Dealers - Long / Short
133,481 (-5,256)
8,105 (-2,191)
Managed Money - Long / Short
73,899 (-2,177)
135,278 (+18,401)
Other Reportables - Long / Short
58,727 (+6,727)
53,693 (-9,495)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1128-4 +0.31%
on 06/18/24
1228-0 -7.82%
on 05/23/24
-71-2 (-5.92%)
since 05/17/24
3-Month
1128-4 +0.31%
on 06/18/24
1230-4 -8.00%
on 05/07/24
-48-4 (-4.11%)
since 03/18/24
52-Week
1122-6 +0.82%
on 02/26/24
1320-0 -14.24%
on 08/28/23
-106-6 (-8.62%)
since 06/16/23

More Soybean Quotes

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Most Recent Stories

More News
Wheat Continue Fall Ahead of Day Off

The wheat complex pushed lower into the close across all three exchanges at on Tuesday. Chicago saw losses of 3 ½ to 9 ½ cents across the board. Kansas City contracts were down 3 ¼ to 6 ½ cents. MPLS...

ZWN24 : 582-0s (-1.61%)
ZWU24 : 599-0s (-1.48%)
KEN24 : 600-6s (-0.78%)
KEU24 : 609-6s (-0.93%)
MWN24 : 632-6s (-0.90%)
Soybeans Post Gains on Tuesday

Soybeans saw some spreading on Tuesday, as old crop contracts were up 10 to 16 ¼ cents and other contracts for new crop up a penny to 4 ¼ cents. Deferred 2025 crop contracts and beyond were down fractionally...

ZMZ24 : 345.2s (+0.09%)
ZLZ24 : 44.44s (+1.25%)
ZSN24 : 1174-0s (+1.40%)
ZSPAUS.CM : 11.1979 (+1.56%)
ZSQ24 : 1156-0s (+0.87%)
ZSX24 : 1132-0s (+0.15%)
ZSPX24US.CM : 10.7037 (+0.18%)
Corn Rallies on Turnaround Tuesday

Corn futures got a bounce ahead of the midweek holiday, as contracts were anywhere from 1 ¼ to 6 ¼ cents higher at the close. There was some corrective action following the drop in condition ratings...

ZCN24 : 450-0s (+1.41%)
ZCPAUS.CM : 4.3447 (+1.64%)
ZCU24 : 455-6s (+1.28%)
ZCZ24 : 467-6s (+1.03%)
ZCPZ24US.CM : 4.3821 (+1.11%)
Shootin' the Bull about how much higher.........

With cattle, boxes, and some of the grind at the tip top of yearly and historical highs, what's next?  Even higher prices?  Rationing has already taken another large step the past two weeks with boxes...

Soybeans Rallying Following Ratings Drop with Help from Products

Soybeans are 3 to 12 ½ cents higher as we make our way through the Tuesday session. Weaker condition ratings and product value support are helping to support midday action. Soymeal futures are back up...

ZMZ24 : 345.2s (+0.09%)
ZLZ24 : 44.44s (+1.25%)
ZSN24 : 1174-0s (+1.40%)
ZSPAUS.CM : 11.1979 (+1.56%)
ZSQ24 : 1156-0s (+0.87%)
ZSX24 : 1132-0s (+0.15%)
ZSPX24US.CM : 10.7037 (+0.18%)
Wheat Heading Lower Ahead of Day Off

The wheat complex is pushing lower across all three exchanges at midday. Kansas City contracts are down 3 to 5 cents. Chicago is leading the way this time, with 6 to 8 cent losses. MPLS spring wheat is...

ZWN24 : 582-0s (-1.61%)
ZWU24 : 599-0s (-1.48%)
KEN24 : 600-6s (-0.78%)
KEU24 : 609-6s (-0.93%)
MWN24 : 632-6s (-0.90%)
Corn Getting Turnaround Tuesday Bounce

Corn futures are posting 4 to 7 cent gains across most contracts on Tuesday’s midday. They are being helped by some corrective action on a drop in condition ratings and very few prospects of rain in...

ZCN24 : 450-0s (+1.41%)
ZCPAUS.CM : 4.3447 (+1.64%)
ZCU24 : 455-6s (+1.28%)
ZCZ24 : 467-6s (+1.03%)
ZCPZ24US.CM : 4.3821 (+1.11%)
Declining Crop Conditions Help Support Corn and Soybean Prices Overnight

Corn and soybean futures prices firm overnight following the weekly crop progress report, which showed a bigger decline in conditions than expected.

Wheat Continuing Retreat on Tuesday

The wheat complex is posting mixed trade as we kick off the Tuesday session, with many of the front months heading lower. They continued its steep descent on Monday, with double digit losses across all...

ZWN24 : 582-0s (-1.61%)
ZWU24 : 599-0s (-1.48%)
KEN24 : 600-6s (-0.78%)
KEU24 : 609-6s (-0.93%)
MWN24 : 632-6s (-0.90%)
Soybeans Bouncing Following Ratings Drop

Soybeans are 2 to 3 cents higher as we start the Tuesday session. They leaked lower for much of Monday, with contracts down 13 ¼ to 22 ¼ cents across the board. Soymeal futures were down $5.90 to $8.50/ton...

ZMZ24 : 345.2s (+0.09%)
ZLZ24 : 44.44s (+1.25%)
ZSN24 : 1174-0s (+1.40%)
ZSPAUS.CM : 11.1979 (+1.56%)
ZSQ24 : 1156-0s (+0.87%)
ZSX24 : 1132-0s (+0.15%)
ZSPX24US.CM : 10.7037 (+0.18%)

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Strong Signal Strength.

Key Turning Points

3rd Resistance Point 1147-4
2nd Resistance Point 1143-0
1st Resistance Point 1137-4
Last Price 1132-0s
1st Support Level 1127-4
2nd Support Level 1123-0
3rd Support Level 1117-4

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52-Week High 1320-0
Fibonacci 61.8% 1244-5
Fibonacci 50% 1221-3
Fibonacci 38.2% 1198-1
Last Price 1132-0s
52-Week Low 1122-6

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