About this chart: This is the monthly chart of CBOT Soybean Meal futures. You can see two major patterns I watch, which both show low prices every 4 to 5 years. Note the lows in 2016, 2020 and now in 2025. The other (shorter-term) yearly pattern I watch is for lows in March and October. The monthly chart shows a potential reversal higher.
What does this mean for you: Livestock feeders should get ready to book a six-month supply of soybean meal.