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
Ted Seifred of Zaner Ag Hedge says while the rally in the energy markets is bullish for grains, the higher dollar and possible demand destruction from the Iran war are bearish. The market is trying to determine which will win out.
Kevin Duling with KD Investors says if crude oil continues to climb the funds may buy grains as a hedge against inflation and there has been some of that showing up already.
Chuck Shelby with Risk Management Commodities says the uncertainty in the grain markets caused some risk off selling by traders but futures ended off session lows.
Brad Kooima of Kooima Kooima Varilek says the grain and cattle futures are reacting negatively to the uncertainty tied to the Iran conflict.
Naomi Blohm with Total Farm Marketing says the higher monthly closes for all the grains were bullish and there are several factors that need to come together for it to continue.
.Matt Bennett with AgMarket.Net says there’s a report from China that says the talks by trade officials prior to the summit in China is not going well.
Arlan Suderman with StoneX says the soybean market is still pricing in optimism about China and biofuels.
Soybeans recovered on Tuesday on market talk that China was looking to buy soybeans off the Pacific Northwest says Jim McCormick with AgMarket.Net.
Grain and cattle futures ended mostly lower on Monday caught up in money flow and the selloff in the stock market tied to tariff concerns says Mike Minor with Professional Ag Marketing.
Brad Kooima with Kooima Kooima Varilek says the USDA Cattle on Feed report was providing some support. The on feed number came in at 98% of a year ago, placements were at 95% which was below trade estimates and marketings were at 87%.