Soybean meal futures contracts are the benchmark for the soybean meal market. Soybean meal is the product remaining after extracting most of the oil from whole soybeans. Bean meal becomes tofu.
It is one of the most commonly used protein supplements for livestock. Soybean meal contains 48% protein. It is well suited for feed in aquaculture, beef, dairy cattle, horses, poultry, sheep, and swine. Domestic animal feed accounts for about 75% of meal consumption in the United States. The rest of the soybean meal produced is primarily exported to Asia.
This section on the soybean meal market contains a wealth of information. You can read about the history of the soybean meal market, the fundamentals that make it move, and the futures and options specifications. You can also view quotes, charts, current margins requirements, and news that is affecting the soybean meal market.
Learn everything you need to know about how futures allow you to control a large amount of soybean meal with a minimal investment of capital. However, if you are new to the commodities markets you should consult with a licensed broker before starting to trade.
Start trading soybean meal futures and options today! Click here to contact a licensed commodities broker with experience in the soybean meal market. We are happy to answer all of your questions about soy meal futures and options.
