Soybean Meal (ZM) Futures

$334.00
-0.4000[-0.12%]
as of 2024-03-01
Q

What industries use soybean meal?

A

Soybean meal is used by the farming sector, food manufacturers, asphalt producers, in automotive oil and much more.

Q

Should farmers buy soybean meal futures?

A

Because soybean meal is used in animal feed, futures could be a good investment for farming operations.

Q

How much soybean meal is included in a futures contract?

A

Generally, 100 short tons of soybean meal are included in each futures contract.

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