Latest Soybean Meal Futures Prices

Last Price Chge % Chge Open High Low Volume OI
282 0.2 0.07% 283.2 283.2 282 14,493 67,049

Soybean Meal futures prices for 2020-08-07. End of day prices only.

Soybean Meal Futures Chart Forecast

Latest SM Futures chart forecast for Soybean Meal Futures. Prices for SM belong to our Commodity Futures Grains area, and are end of day only.

Soybean Meal Futures (SM) - Trend Forecast
Updated on 2020-08-07 for Todays Trading Session.

Date Signal Price
2020-08-07 Trend Down 282

Our futures trend forecast has indicated another TREND DOWN forecast today showing continuation of selling momentum.

To read further about this forecast see Forecasts Explained

If the commodity or futures price has failed to break below the first TREND DOWN forecast bar within this current sequence, look for a breakout below soon.

If the futures prices are already below the first forecast bar, look for a continuation of intraday breaks below forecast bar lows for trend conformation.

IN REVERSE, keep a look out for a trend failure (or reversal) with an end of day close ABOVE the high of a previous days TREND DOWN forecast bar.

Today's Soybean Meal Futures Pivot Points
Support 1 Support 2 Support 3 Pivot Point Resist 1 Resist 2 Resist 3
281.60 281.20 280.40 282.40 282.80 283.60 284.00

Those who participate in Soybean Meal futures trading use pivot points to identify possible turning points in SM for the next trading day. Pivot points for SM futures prices are based on the previous days open, high, low and close prices. A simple calculation is then performed which provides you with possible support and resistance areas for futures trading. You can see pivot points for all other symbols within the Commodity Futures Grains section by visting each detailed price page.