Soybean Meal futures COT positions and historical chart

Official market: SOYBEAN MEAL · CBOT · Disaggregated Futures Only · 100 short tons

Latest report: 28 July 2026 · Current weekly data

Official CFTC dataset

Current positioning summary

Managed Money held a net-long Soybean Meal futures position of 87,696 contracts. The position increased by 14,220 contracts from the preceding available report. The position ranked in the 81th percentile of the latest 156 available reports.

Report date: 28 July 2026

Producer/Merchant/Processor/User

Long
120,638
Short
377,997
Spread
Net
-257,359
Weekly change
-7,766
Net / open interest
-41.39%
52 reports
17th percentile
156 reports
6th percentile

Swap Dealer

Long
122,643
Short
10,118
Spread
7,206
Net
+112,525
Weekly change
-2,065
Net / open interest
18.10%
52 reports
96th percentile
156 reports
92th percentile

Managed Money

Long
131,677
Short
43,981
Spread
77,921
Net
+87,696
Weekly change
+14,220
Net / open interest
14.10%
52 reports
79th percentile
156 reports
81th percentile

Historical net position

Actual report dates; missing weeks are not interpolated. A data table follows the chart.

Chart window

Accessible historical data

Recent normalized observations are server rendered; the chart uses client-side state and the market page keeps one canonical URL.

CFTC positioning observations
Report dateParticipantLongShortSpreadNetWeekly changeNet / OI4-report change52-report context
2026-07-28Other Reportables48,88512,87663,098+36,009-4,3755.79%-7,93769th percentile
2026-07-28Non-Reportable49,57828,449+21,129-143.39%+1,27781th percentile
2026-07-28Producer/Merchant/Processor/User120,638377,997-257,359-7,766-41.39%-76,52117th percentile
2026-07-28Swap Dealer122,64310,1187,206+112,525-2,06518.10%+22596th percentile
2026-07-28Managed Money131,67743,98177,921+87,696+14,22014.10%+82,95679th percentile
2026-07-21Other Reportables52,77112,38757,414+40,384-776.53%-6,27875th percentile
2026-07-21Non-Reportable49,53428,391+21,143-3,0723.41%+1,84583th percentile
2026-07-21Producer/Merchant/Processor/User124,343373,936-249,593-28,792-40.36%-60,26819th percentile
2026-07-21Swap Dealer122,7288,1389,681+114,590+5,04118.53%+3,584100th percentile
2026-07-21Managed Money130,15256,67671,666+73,476+26,90011.88%+61,11775th percentile
2026-07-14Other Reportables51,16210,70149,111+40,461-3,2056.75%+1,49775th percentile
2026-07-14Non-Reportable51,42427,209+24,215+3864.04%+1,61298th percentile
2026-07-14Producer/Merchant/Processor/User132,810353,611-220,801-23,717-36.83%-25,86925th percentile
2026-07-14Swap Dealer117,7088,1599,726+109,549-1,31818.27%-4,35690th percentile
2026-07-14Managed Money119,34772,77168,065+46,576+27,8547.77%+27,11665th percentile
2026-07-07Other Reportables53,78810,12238,598+43,666-2807.33%+13,50979th percentile
2026-07-07Non-Reportable50,12126,292+23,829+3,9774.00%-33792th percentile
2026-07-07Producer/Merchant/Processor/User138,687335,771-197,084-16,246-33.09%+20,88529th percentile
2026-07-07Swap Dealer117,6716,8049,900+110,867-1,43318.61%+2,66894th percentile
2026-07-07Managed Money115,83197,10970,851+18,722+13,9823.14%-36,72560th percentile
2026-06-30Other Reportables53,9199,97339,206+43,946-2,7167.46%+14,99181th percentile
2026-06-30Non-Reportable48,94029,088+19,852+5543.37%+39671th percentile
2026-06-30Producer/Merchant/Processor/User143,727324,565-180,838+8,487-30.72%+102,85335th percentile
2026-06-30Swap Dealer116,3434,04311,276+112,300+1,29419.08%+4,25298th percentile
2026-06-30Managed Money110,069105,32965,039+4,740-7,6190.80%-122,49256th percentile
2026-06-23Other Reportables60,34913,68743,377+46,662+7,6987.53%+15,66192th percentile
2026-06-23Non-Reportable49,25829,960+19,298-3,3053.11%-7,06663th percentile
2026-06-23Producer/Merchant/Processor/User154,462343,787-189,325+5,607-30.56%+100,40533th percentile
2026-06-23Swap Dealer119,1118,10516,101+111,006-2,89917.92%+2,23494th percentile
2026-06-23Managed Money110,27697,91766,512+12,359-7,1011.99%-111,23458th percentile
2026-06-16Other Reportables53,87014,90649,446+38,964+8,8076.05%+8,83475th percentile
2026-06-16Non-Reportable58,70636,103+22,603-1,5633.51%-1,41885th percentile
2026-06-16Producer/Merchant/Processor/User158,031352,963-194,932+23,037-30.31%+97,07729th percentile
2026-06-16Swap Dealer123,2739,36821,136+113,905+5,70617.71%+5,658100th percentile
2026-06-16Managed Money110,34190,88168,168+19,460-35,9873.02%-110,15162th percentile
2026-06-09Other Reportables49,82219,66541,001+30,157+1,2024.93%-2,33360th percentile
2026-06-09Non-Reportable51,48127,315+24,166+4,7103.95%+10,85996th percentile
2026-06-09Producer/Merchant/Processor/User160,819378,788-217,969+65,722-35.67%+49,59925th percentile
2026-06-09Swap Dealer122,11313,91414,265+108,199+15117.71%+2,59181th percentile
2026-06-09Managed Money114,44558,99856,980+55,447-71,7859.07%-60,71671th percentile

How to interpret Soybean Meal positioning

What the contract represents

CBOT Soybean Meal futures represent 100 short tons of the protein-rich product of soybean crushing.

Categories traders monitor

Managed Money and Producer/Merchant categories can frame financial demand and processor or feed-user risk management.

Interpretation considerations

Livestock feed demand and crush margins make meal positioning distinct from soybean and soybean-oil positioning.

Important limitations

COT cannot connect the meal leg to soybean or oil legs of a crush spread.

Related markets

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