MRCI's Futures Highlight - Soybean Meal(CBOT)

MRCI's Futures Highlight - Soybean Meal(CBOT)

MRCI hopes this profile of the CBOT Soybean Meal futures contract, with its statistics and feature studies, will help you derive wise trading decisions from its presentation of long-term perspective, computer analysis, and historical background. This additional history is designed to complement the body of knowledge contained in any seasonal patterns and strategies published. The weekly and monthly charts on this page depict prices for nearby contracts, which most closely reflect the underlying cash market.

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved
Some data provided by Commodity Research Bureau

The table below offers a statistical analysis of historical daily trading in the CBOT Soybean Meal futures. The average range for each day of the week in each year and overall has been computed for purposes of comparison and further insight into the dynamics of this market. (from futstats, but I don't currently have it available for include)

MRCI's Nearby Futures Range Detail for Soybean Meal(CBOT) from 1/1976 - 7/2020
Calendar Year	Monday Avg Rng	Tuesday Avg Rng	Wednesday Avg Rng	Thursday Avg Rng	Friday Avg Rng	Yearly Avg Rng
1976	4.91($491)	4.55($455)	4.22($422)	4.84($484)	4.26($426)	4.56($456)
1977	6.28($628)	5.84($584)	6.13($613)	5.65($565)	5.53($553)	5.88($588)
1978	3.98($398)	3.35($335)	3.42($342)	3.75($375)	3.27($327)	3.55($355)
1979	3.80($380)	3.41($341)	3.20($320)	3.46($346)	3.27($327)	3.42($342)
1980	5.05($505)	4.17($417)	3.95($395)	4.36($436)	4.33($433)	4.36($436)
1981	4.85($485)	3.67($367)	3.30($330)	3.72($372)	3.34($334)	3.77($377)
1982	2.56($256)	2.11($211)	2.30($230)	2.31($231)	2.23($223)	2.30($230)
1983	4.70($470)	4.31($431)	4.40($440)	4.66($466)	4.12($412)	4.43($443)
1984	3.22($322)	3.54($354)	3.35($335)	3.32($332)	3.43($343)	3.37($337)
1985	2.61($261)	2.51($251)	2.14($214)	2.20($220)	2.28($228)	2.34($234)
1986	1.83($183)	1.75($175)	1.88($188)	2.03($203)	1.86($186)	1.87($187)
1987	3.87($387)	2.96($296)	3.26($326)	3.25($325)	2.91($291)	3.25($325)
1988	6.40($640)	5.92($592)	5.72($572)	6.18($618)	5.89($589)	6.01($601)
1989	4.59($459)	3.25($325)	3.55($355)	3.57($357)	3.57($357)	3.69($369)
1990	3.43($343)	2.61($261)	2.87($287)	2.77($277)	3.22($322)	2.98($298)
1991	3.36($336)	2.91($291)	3.05($305)	2.84($284)	2.85($285)	3.00($300)
1992	2.21($221)	2.03($203)	2.22($222)	1.84($184)	1.91($191)	2.04($204)
1993	2.90($290)	2.52($252)	2.63($263)	2.72($272)	2.49($249)	2.65($265)
1994	2.87($287)	2.38($238)	2.25($225)	2.18($218)	2.02($202)	2.33($233)
1995	3.45($345)	2.55($255)	2.28($228)	2.42($242)	2.57($257)	2.64($264)
1996	4.90($490)	4.07($407)	3.85($385)	3.99($399)	3.63($363)	4.08($408)
1997	6.29($629)	5.26($526)	5.22($522)	5.03($503)	5.48($548)	5.45($545)
1998	3.36($336)	3.44($344)	3.34($334)	3.50($350)	3.78($378)	3.48($348)
1999	3.23($323)	3.04($304)	3.01($301)	3.00($300)	2.87($287)	3.03($303)
2000	3.46($346)	2.89($289)	3.05($305)	3.27($327)	3.28($328)	3.19($319)
2001	3.14($314)	2.82($282)	2.95($295)	2.99($299)	3.03($303)	2.98($298)
2002	3.74($374)	2.95($295)	3.41($341)	3.23($323)	3.14($314)	3.29($329)
2003	4.20($420)	4.51($451)	3.96($396)	4.11($411)	4.15($415)	4.19($419)
2004	7.65($765)	6.99($699)	7.65($765)	7.60($760)	6.37($637)	7.25($725)
2005	5.23($523)	5.08($508)	4.65($465)	4.59($459)	4.58($458)	4.82($482)
2006	4.22($422)	3.29($329)	3.42($342)	3.50($350)	3.74($374)	3.62($362)
2007	6.37($637)	6.11($611)	5.67($567)	5.57($557)	6.84($684)	6.11($611)
2008	14.43($1443)	14.49($1449)	13.56($1356)	12.53($1253)	13.73($1373)	13.75($1375)
2009	11.76($1176)	10.60($1060)	9.75($975)	11.45($1145)	10.37($1037)	10.77($1077)
2010	7.11($711)	7.11($711)	6.83($683)	7.23($723)	7.06($706)	7.07($707)
2011	7.65($765)	8.28($828)	7.82($782)	8.23($823)	8.23($823)	8.05($805)
2012	10.82($1082)	10.18($1018)	10.85($1085)	10.47($1047)	10.07($1007)	10.48($1048)
2013	11.25($1125)	10.92($1092)	9.16($916)	10.44($1044)	10.76($1076)	10.50($1050)
2014	12.06($1206)	10.84($1084)	10.12($1012)	11.84($1184)	10.21($1021)	11.00($1100)
2015	6.49($649)	7.09($709)	6.33($633)	6.62($662)	6.06($606)	6.52($652)
2016	8.22($822)	8.00($800)	7.53($753)	8.25($825)	8.00($800)	7.99($799)
2017	5.32($532)	5.63($563)	4.76($476)	5.97($597)	5.05($505)	5.34($534)
2018	7.08($708)	6.65($665)	6.38($638)	6.37($637)	7.01($701)	6.69($669)
2019	4.46($446)	4.62($462)	4.38($438)	4.72($472)	4.31($431)	4.50($450)
2020	4.75($475)	4.27($427)	4.54($454)	5.18($518)	5.02($502)	4.75($475)

What other characteristics do CBOT Soybean Meal futures exhibit for various days of the week? We ran various studies for the last 180 calendar days of trading prior to trading prior to expiration for each contract. (from futstats, but I don't currently have it available for include)

MRCI's Nearby Futures Summary for Soybean Meal(CBOT) from 1/1976 - 7/2020
Summary Item	Monday Summary	Tuesday Summary	Wednesday Summary	Thursday Summary	Friday Summary	Yearly Summary
Range	5.43($543)	5.03($503)	4.86($486)	5.06($506)	4.94($494)	5.06($506)
Closed Up	1011(48%)	1099(48%)	1161(51%)	1082(48%)	1093(49%)	5446(49%)
Closed Dn	1067(50%)	1132(49%)	1102(48%)	1128(50%)	1100(49%)	5529(49%)
Closed Uchg	39(2%)	59(3%)	36(2%)	47(2%)	41(2%)	222(2%)
Gapped up	251(12%)	244(11%)	250(11%)	232(10%)	242(11%)	1219(11%)
Un-filled Gaps Up	101(40%)	90(37%)	85(34%)	83(36%)	79(33%)	438(36%)
Gapped Down	352(17%)	215(9%)	223(10%)	217(10%)	211(9%)	1218(11%)
Un-filled Gaps Down	156(44%)	64(30%)	51(23%)	58(27%)	60(28%)	389(32%)

Daily Percent Change Summary for Soybean Meal(CBOT)
UNCH	>0%- <1%	+1%- <2%	+2%- <3%	+3%- <4%	+4%- <5%	+5%- <6%	+6%- <7%	+7%- <8%	+8%- <9%	+9%- <10%	+10%- <20%	>+20%
222	3013	1457	588	224	106	40	12	6	0	0	0	0
	<0%- >-1%	-1%- >-2%	-2%- >-3%	-3%- >-4%	-4%- >-5%	-5%- >-6%	-6%- >-7%	-7%- >-8%	-8%- >-9%	-9%- >-10%	-10%- >-20%	<-20%
	3191	1496	507	181	96	44	8	5	1	0	0	0

The table below represents yearly low, high, last yield in the cash market for the CBOT Soybean Meal futures contracts. Quotes are from daily cash market price activity.

Soybean Meal: Cent-Ill - Jun 08, 2020
	Period Low(Jan-Dec)		Period High(Jan-Dec)		Last Day		Average
Year	Date	Price	Date	Price	Date	Price	Price
2019	05/10/2019 05/13/2019	284.30 284.30	06/17/2019	333.30	12/31/2019	300.90	305.77
2018	01/02/2018	299.90	05/01/2018	411.40	12/31/2018	310.40	344.60
2017	06/01/2017	293.50	01/18/2017	350.60	12/29/2017	310.10	314.99
2016	02/26/2016	267.70	06/02/2016	424.80	12/30/2016	320.40	328.75
2015	12/31/2015	276.80	01/05/2015	420.00	12/31/2015	276.80	340.84
2014	10/01/2014	340.30	09/09/2014	618.70	12/31/2014	418.10	477.35
2013	04/05/2013	401.80	07/22/2013	590.40	12/31/2013	493.70	466.00
2012	01/13/2012	295.00	08/21/2012	584.60	12/31/2012	438.10	440.21
2011	12/09/2011	264.40	01/14/2011	381.60	12/30/2011	301.90	333.45
2010	03/12/2010	263.30	12/28/2010	371.60	12/31/2010	368.40	313.85
2009	03/05/2009	274.80	08/31/2009	507.50	12/31/2009	336.40	348.04
2008	10/15/2008	231.50	07/03/2008	452.00	12/31/2008	301.50	330.76
2007	01/09/2007	177.20	12/26/2007	333.70	12/31/2007	328.50	230.98
2006	08/10/2006	156.60	01/03/2006	204.70	12/29/2006	184.90	175.59
2005	02/07/2005	155.70	06/20/2005	232.90	12/30/2005	203.80	188.04
2004	11/05/2004	148.00	07/06/2004	360.00	12/30/2004	165.60	236.85
2003	01/13/2003 01/15/2003	160.00 160.00	11/03/2003	259.00	12/31/2003	239.00	198.56
2002	01/02/2002	149.50	08/13/2002	197.00	12/31/2002	166.50	168.77
2001	12/31/2001	150.50	01/02/2001	196.50	12/31/2001	150.50	168.59
2000	08/07/2000	148.00	12/22/2000	200.00	12/29/2000	199.00	174.63
1999	02/25/1999	123.00	10/13/1999 11/04/1999 11/05/1999	159.00 159.00 159.00	12/30/1999	154.25	141.47
1998	10/02/1998	123.00	01/20/1998	206.25	12/31/1998	143.50	162.26
1997	12/31/1997	208.50	05/09/1997	314.50	12/31/1997	208.50	266.26
1996	03/19/1996 03/20/1996	221.00 221.00	09/12/1996	283.00	12/31/1996	244.00	246.56
1995	03/01/1995 03/02/1995 03/03/1995	149.00 149.00 149.00	12/19/1995 12/29/1995	231.00 231.00	12/29/1995	231.00	173.58
1994	12/01/1994	150.00	01/03/1994 06/15/1994 06/17/1994	205.50 205.50 205.50	12/30/1994	153.00	182.47

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