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.
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 - 1/2021
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
15.10($1510)
19.05($1905)
13.75($1375)
10.05($1005)
10.05($1005)
13.60($1360)
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 - 1/2021
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%
223
3045
1484
601
225
107
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%
3223
1517
510
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.