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 - 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
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.
The focus on a single market each month can provide you more in-depth knowledge of how it trades. What if you knew such things as ... (1) average daily ranges by day of week (2)Â how often it tends to close higher/lower by day of week (3)Â how often it tends to gap up/down (4)Â historical summary of daily % of price change