December soybean meal (ZMZ26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for December soybean meal futures that prices have backed well down from the recent high and are starting to trend lower. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line is below the red trigger line and both lines are trending down.
