52-Week Range
Market Status
Market ClosedVolume
38.0K
53.31
6.58
326.13
323.42
308.56
Historical Volatility
18.5%
Annualized
Avg Daily Range
1.88%
ATR (14)
6.75
Soybean Meal Futures is a commodity traded on global markets. Its price is influenced by supply and demand factors and geopolitical conditions.
Key factors include global supply and demand levels, weather, trade policies, and the strength of the US dollar.
The spot price is for immediate delivery, while futures are agreements to buy or sell at a specific price on a future date.
Futures contracts and ETFs can be used to hedge against commodity price fluctuations, especially for businesses exposed to price risk.
Yes, many commodities have seasonal patterns tied to production and consumption cycles, which affect prices periodically.
