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Soybean Meal Futures (May 2025)Soybean Meal Futures (May 2025)Soybean Meal Futures (May 2025)

Soybean Meal Futures (May 2025)

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ZMK2025 trade ideas

Soybeanmeal CBoT in neutral modeSoybeanmeal: Price made a another move up to a new high which could be an indication that even higher highs want to be put on this chart. Our target has been reached already at some 8-10% lower level than what is being traded today but rather than regretting having 'missed' the last dime we count our blessings that we had a good ride on this wave. The current development of this chart is really not giving us any solid handhold to decide entertaining a short play from here. We first want to see that a tradable top is in this chart and only after that we will seek for a comfortable entry point. Nothing to be done for us here and now.
CBOT:ZMN2016
by Remko
Soybeanmeal CBoTSoybeanmeal: Price made again a new high during the week which, as per the rules of engagement, could well be a sign that it wants to go even hight. The pattern that price drew during the past 3 trading days could be a reversal pattern. The RSI is in oversold area but is not diverting with price and the MACD is not in divergence either. There are too many contradictory signs in this chart for time being. We believe that there is a fair chance that price will start making a solid move down during next week but to 'believe' is not a reason to take a position. We stay away from this market right now and wait until we see a clearer picture.
CBOT:ZMN2016
by Remko
Soybeanmeal CBoTSoybeanmeal: Price has reached our target during the past week and showed a very strong performance during Friday's session. Price made a 50% advance in just 6 weeks (!) and we believe it is time for price to make sizeable move to the downside from here. However, as long as we do not see a reversal pattern being drawn on the chart we will have to wait for an even more overbought status. The sign goes on 'neutral' from here and now and we are going to wait for a short trade set-up.
CBOT:ZMN2016
by Remko
Soybeanmeal Long PlayPrice did not make the corrective move down to 315/305 last week as was preferred by us but rather traded a sideways pattern between, roughly, 336 and 350. This price moves very much like the soybean price which is not so uncommon. We are adjusting our short term bias a bit and we are now looking for a move further up from here although we do not want to exclude a test of last week's low one more time before price will start trading up next week. We are putting our price target at around the 370/375 latest by the end of May with is some 8-10 percent up from the current level.
CBOT:ZMN2016Long
by Remko
Soybeanmeal in corrective move downSoybeanmeal: Price has made an impressive rally up during most of April and its indicators like RSI and MACD have reached oversold area (not displayed on the chart). There is a solid supportive level at around the 300 mark which is about 10% down from the currently traded price. We favour the theory that price has completed its B of (4) and that price is now at the start of C which should take price, preferably, below 308 after which there is room for the next hike up. However, price could be developing an 'expanded flat' here in which case price would probably not trade below 315 before it reverses back up again. In any case we favour a corrective move down from here to the 315/305 level during first half of next week from where we favour a reverse for completion of a (5) and with a target of at least 350 during late May or early June. On step at the time however and let's first see how next week goes.
CBOT:ZMN2016
by Remko
Soybean Meal /ZM possiblity of entering textbook resistanceThis could be possibly the easiest short out there on the futures markets. This resistance area at 340 was tested as support numerous times and held until September. It has yet to be tested as resistance. Usually the first touch of support-turned-resistance holds very strongly as multiple traders will be looking at the same area to enter short. Target is a significant move lower from this area, that could change of course depending on the price action following an entry of the trade. Stop is simply above the resistance area. The risk/reward for this trade is phenomenal due to how clean the resistance is.
CBOT:ZMZ2014Short
by Talon
Soybean Meal ZMZ2014 (revised) -the void below and the sky aboveSoybean meal (ZMZ2014) has been in consolidation phase from mid Aug to mid Sept 2014. A tringle pattern formed betweed mid July and mid August and is ready to breakout in either direction. Looking at the RSI devergence and at the bear trap on the 12 Aug 2014 this seems to be more a bullish set up supported by the typical seasonal low (end of the harvest). On the other hand we could have of the largest soybean harvests on record. Can be played both ways basically.
CBOT:ZMZ2014
by LEONES
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