Soybean Meal Futures

Agriculture · Monthly series · CM-ZM1.CBOT

Latest, October 2026

324.60 USD/STN

-9.1% from September 2026

Open interactive chartSoybean Meal Futures in the app

484.2373261.9November 2016October 2027
History through October 2026, the forecast path to October 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for October 2027: 322.37 USD/STN, with an 80% interval of 301.14 USD/STN to 351.42 USD/STN.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
November 2026322.18 USD/STN304.47 USD/STN344.60 USD/STN
December 2026322.06 USD/STN285.60 USD/STN369.30 USD/STN
January 2027322.24 USD/STN265.74 USD/STN395.38 USD/STN
February 2027322.69 USD/STN271.19 USD/STN390.21 USD/STN
March 2027322.42 USD/STN263.84 USD/STN400.63 USD/STN
April 2027322.50 USD/STN283.35 USD/STN375.47 USD/STN
May 2027322.38 USD/STN261.89 USD/STN405.59 USD/STN
June 2027322.54 USD/STN289.48 USD/STN367.97 USD/STN
July 2027322.16 USD/STN280.49 USD/STN379.69 USD/STN
August 2027322.48 USD/STN296.52 USD/STN357.95 USD/STN
September 2027322.33 USD/STN270.39 USD/STN393.93 USD/STN
October 2027322.37 USD/STN301.14 USD/STN351.42 USD/STN

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-14.

AI confidence

Mixed evidence

The tests show no consistent, material advantage over the no-change baseline.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
+2%Matches the no-change baseline over 12 tests (12 tests, 6 won)
Direction
56%No clear edge over a coin flip (80 of 144 calls right in 12 tests)
Turning points
10 of 72Anticipated some turns (72 turns in 12 tests, 0 without a turn)
Error vs baseline
2% lowerError ratio 0.98; 1.00 is a tie.
Tests won
6 / 12Complete rolling backtests; ties count as no win.
Test period
2014-11-01 to 2026-10-0112 observations ahead per test.
80% band coverage
81%Observed outcomes inside the band across all stored test windows.
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare four classes, subject to call budgets and retry limits.

Reading

It is above 49% of the 119 earlier readings since November 2016.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
October 2026324.60 USD/STN
September 2026356.90 USD/STN
August 2026345.30 USD/STN
July 2026321.20 USD/STN
June 2026303.10 USD/STN
May 2026329.80 USD/STN
April 2026318.90 USD/STN
March 2026316.40 USD/STN
February 2026320.50 USD/STN
January 2026293.60 USD/STN
December 2025299.40 USD/STN
November 2025318.70 USD/STN
October 2025321.60 USD/STN
September 2025273.30 USD/STN
August 2025289.00 USD/STN
July 2025276.00 USD/STN
June 2025289.30 USD/STN
May 2025296.30 USD/STN
April 2025298.00 USD/STN
March 2025292.70 USD/STN
February 2025300.20 USD/STN
January 2025301.10 USD/STN
December 2024316.90 USD/STN
November 2024291.90 USD/STN

Source

Data: public market data feeds.

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