Soybean Meal

CBOT soybean meal futures (ZM), quoted in US dollars per short ton. Daily closes and the drivers behind them: board crush margins, livestock and protein-feed demand, and the meal/oil product split.

Nov 2, 2026

WTI Crude Craters 7% as Iran Peace Hopes Build | Nov 2, 2026

Gold rebounded 1.8% and silver jumped 3.3% toward $51 on safe-haven buying, while soybeans broke support to a 2.5-month low.

Nov 2, 2026

Crude Swings, Silver Craters to Close the Week | Oct 26-30, 2026

Wheat swung from four-month lows to an export-sales rally, gold cracked below $3,900, and soybean meal slid most of the week on a hawkish Fed hold.

Oct 29, 2026

Wheat Rallies on Record Export Sales, Meal Slides | Oct 29, 2026

Soybean meal sheds 1.91% as oil holds firm, silver drops 2.4% and natural gas sinks 2.6% on mild weather, with gold easing toward $4,031.

Oct 27, 2026

Crude Slips Below $100 as Wheat Boards Fall | Oct 27, 2026

Soybean meal falls 1.65% to a two-month low, oats drop 1.8%, and gold climbs to $4,074.60 as traders brace for Wednesday's Fed decision.

Oct 26, 2026

Crude Eases to $101.76 as Gold Reclaims $4,000 | October 26, 2026

Oats tumble 3.1%, soybean meal falls 1.7%, and wheat slips on all three boards while natural gas eases on milder weather forecasts.

Oct 20, 2026

Natural Gas Craters as Wheat Leads Grains Lower | October 20, 2026

Soybean meal sinks 1.7% and canola slides 0.8% on harvest pressure, while silver bucks the selloff with a 1.3% gain as gold eases 0.4%.

Oct 19, 2026

What Is the Board Crush?

How the soybean (and canola) crush margin is calculated from futures, and why it matters on The Daily Board.

Oct 13, 2026

Natural Gas Climbs 4% on Cooler Weather Outlook | October 13, 2026

Silver slides 1.6% and soybean meal falls 1.5% on narrower crush math, while WTI grinds to a three-week high on dueling Hormuz and Russia-diesel headlines.

Oct 12, 2026

Crude Jumps 2% on Renewed Hormuz Tanker Attacks | October 12, 2026

Oats slide 2.5% on thin volume, gold and silver pull back as the dollar firms, and soybean meal and oil both climb on wider crush margins.

Oct 10, 2026

Wheat, Crude and WASDE: The Week's Most-Read Boards | Oct 5-9, 2026

Soybean meal, corn, and gold also made waves as five sessions ran from a Black Sea wheat threat to a bearish WASDE report.

Oct 8, 2026

Crude Spikes on Hormuz Fears as Soybean Meal Slips | October 8, 2026

WTI tops $91 as Hormuz tanker attacks and a Gulf storm threat spark the jump; soybean meal falls 2.2%, oats and canola edge higher, silver slides.

Oct 7, 2026

Soybean Meal Surges as Oil Craters on Crush Spread | October 7, 2026

Wheat slides across all three boards, nat gas jumps 2.9% on cooler forecasts, and gold and silver retreat as the dollar firms.

Oct 6, 2026

Grains Rally on Weak Dollar as Crude Sits Flat | October 6, 2026

Oats jump 3.4%, soybean meal climbs 2.2%, and wheat gains across all three boards as fund buying returns on dollar weakness.

Oct 2, 2026

Crude Slides to $91 as Nat Gas Jumps on Cold Snap Bets: The Daily Board, Oct 2

Soybean meal drops 1.64% as oil climbs 1.84% on the crush split, corn extends its USDA-stocks slide, and gold slips below $4,170 an ounce.

Sep 28, 2026

Gold, Silver Sink as Bond Yields Spike to 19-Year High: The Daily Board, Sept 28

Corn, soybeans and canola slide with the risk-off mood; WTI edges up on Hormuz tension as natural gas tumbles 3.7%.

Sep 18, 2026

Soybean Meal Slumps 3.4% as Grains Retreat, Silver Tops $67: The Daily Board, Sept 18

Corn holds up best as wheat, oats, and canola slip on fund selling ahead of the Trump-Xi summit; WTI eases toward $100 while gold ticks higher.

Sep 17, 2026

Oats Jump 3.85% as Crude Eases on Hormuz Relief, Silver Clears $66: The Daily Board, Sept 17

Corn, soybean oil, and all three wheat boards ease while soybean meal jumps 1.56% on a firm crush and canola climbs to a two-month high.