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
Grains start mixed with soybeans seeing corrective buying, while wheat is lower and corn is stuck. Cattle seeing slight gains after sharply higher cash, hogs are two-sided. Randy Martinson, Martinson Ag, has details.
Grains and cattle end mixed, with a higher close in hogs and cotton. Details with Chuck Shelby, Risk Management Commodities.
The consumer price index (CPI) rose 0.2% in December instead of 0.3% as reported last month, the revisions of the CPI data published by the Labor Department showed.
March cotton surged 268 points to 91.78 cents and notched a 467-point gain on the week.
AgDay TV Markets Now: Chuck Shelby, Risk Management Commodities, says corn and soybeans end lower on Friday as funds continue to sell with more favorable weather in South America and ahead of USDA’s Ag Outlook Forum.
Jerry Gulke, president of the Gulke Group, spoke to a full house at Top Producer Summit this past week. “Producers are finally interested in marketing now that prices have fallen further,” he says.
Soybeans down on Argentina wx, while corn follows wheat on a short covering rally. Cattle 2-sided waiting for cash, hogs finally bounce but is it sustainable? Mike Minor, Professional Ag Marketing, has more.
Grains mixed digesting Conab’s Brazil cuts and the February WASDE. New highs in cattle on fund buying, strong fundamentals. More profit taking in hogs on sliding cutouts. Don Roose, U.S. Commodities, has analysis.
AgDay TV Markets Now: Don Roose, U.S. Commodities says soybeans close higher as Conab production cuts trump WASDE data. So is the market trying to bottom?
Grains are mixed post WASDE which was bearish for soybeans, neutral for corn & wheat. However, Conab estimates on Brazil are trumping USDA’s. What does this mean for prices? Brian Splitt, AgMarket.Net, has analysis.