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MRCI's Futures Highlight - Soybean Meal(CBOT)

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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 - 3/2024
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 6.08($608) 5.76($576) 5.98($598) 6.21($621) 5.71($571) 5.95($595)
2021 9.47($947) 9.57($957) 9.44($944) 9.17($917) 8.60($860) 9.25($925)
2022 12.54($1254) 12.80($1280) 11.75($1175) 12.27($1227) 11.79($1179) 12.22($1222)
2023 10.52($1052) 10.84($1084) 10.72($1072) 10.03($1003) 10.84($1084) 10.59($1059)
2024 7.11($711) 7.42($742) 7.55($755) 8.31($831) 8.95($895) 7.89($789)

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 - 3/2024
Summary
Item		 Monday
Summary		 Tuesday
Summary		 Wednesday
Summary		 Thursday
Summary		 Friday
Summary		 Yearly
Summary
Range 5.78($578) 5.44($544) 5.27($527) 5.44($544) 5.32($532) 5.45($545)
Closed Up 1100(48%) 1189(48%) 1262(51%) 1177(48%) 1192(49%) 5920(49%)
Closed Dn 1148(50%) 1234(50%) 1194(48%) 1222(50%) 1187(49%) 5985(49%)
Closed Uchg 40(2%) 60(2%) 37(1%) 48(2%) 42(2%) 227(2%)
Gapped up 268(12%) 247(10%) 251(10%) 239(10%) 243(10%) 1248(10%)
Un-filled Gaps Up 102(38%) 90(36%) 85(34%) 84(35%) 79(33%) 440(35%)
Gapped Down 359(16%) 221(9%) 225(9%) 217(9%) 213(9%) 1235(10%)
Un-filled Gaps Down 157(44%) 67(30%) 51(23%) 58(27%) 60(28%) 393(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%
227 3237 1605 656 243 113 44 15 7 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%
3416 1652 555 203 99 44 10 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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