Loading…
March soybean meal futures (ZMH27) have rebounded from their early November low and a MACD bullish crossover has appeared on the daily chart. The commentary points to a recent USDA supply and demand report as price-friendly and to strong recent domestic soymeal demand.
It sets a breakout level at $330.70 with an upside objective of $365 and support at the $316.40 November low.
Strong domestic demand and a technical rebound suggest near-term upside for soybean meal, which raises feed input costs for buyers. The move is based on chart signals and a sentiment-driven view rather than a new supply shock.
barchart.comJim WyckoffNov 12, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
