Soybean Oil Commodity Markets, Prices & Futures
Use the chart below to check futures prices for soybean oil. Click the contract dates for more prices and trends. Cash price reflects the USDA Chicago terminal.
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Latest News From Soybean Markets
Randy Martinson, Martinson Ag, says he was impressed with how corn and soybeans managed to end higher on Monday, despite the collapse in wheat.
Randy Martinson, Martinson Ag, says corn and beans end higher, which was impressive considering the collapse of the wheat market which has been down nine days. Cattle rally, while hogs fail.
Cattle futures rally as Brad Kooima, Kooima Kooima Varilek, says Northern cash trade topped at $193 live late Friday. Hogs consolidate. Row crops bounce, despite the lower wheat market.
More fund selling Friday in the grains shows the funds are back selling on any rally and reestablishing their short position says Darren Frye, Water Street Solutions.
Darren Frye, Water Street Solutions, says speculators look like they are re-establishing their short positions at least in the corn and soybean markets. “They are selling on any rally,” he says.
On Jan. 1, 2025, the 40B and 40A credits will expire, and the 45Z program will begin, running through 2027. The new credit will be based on emissions rates.
“It’s like farmers threw in the towel after getting sick of waiting for better prices or realized they’re going to need bin space,” says Jerry Gulke. He shares four points that might mean lower prices aren’t over yet.
Friday’s technically bearish weekly low closes in winter wheat futures suggest follow-through chart-based selling pressure early next week. However, the winter wheat futures markets are also short-term oversold...
Grains back lower as wheat drags down corn and soybeans and Randy Martinson, Martinson Ag, says funds are back in sell mode. Cattle are trying to bounce awaiting cash news while hogs are mostly lower again.
Corn and soybeans see double digit gains on short covering and talk of China biz says John Payne, Advance Trading, while wheat struggled. Cattle were hit by more bird flu news, hogs reversed off new lows.