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
With the exception of Chicago wheat, grain markets scored higher weekly closes and ended above the 20-day moving average for the first time in weeks, according to Darren Frye, Water Street Solutions.
U.S. farmers are increasingly turning to solar power as a means of stabilizing their incomes amid fluctuating crop prices and growing expenses.
In South Dakota, after years of debate surrounding a proposed carbon dioxide pipeline, lawmakers passed three bills aimed at bolstering protections for landowners while maintaining a regulatory path for the project.
USDA makes very few changes in the WASDE even to South American production numbers which is a disappointment, but markets are finding some buying interest even so. Chip Nellinger, Blue Reef Agri-Marketing has details.
Cattle futures see a chart breakout following higher cash, hogs consolidate. Grains fail to extend gains ahead of the WASDE and with China cancelling more SRW wheat. Scott Varilek, Kooima Kooima Varilek, has more.
Grains end higher Thursday with technical buying and short covering by the funds. So, are the lows in? DuWayne Bosse, Bolt Marketing, has the answers and also covers the mostly higher action in cattle and hogs.
Of note: Ag groups are mostly praising SEC’s move to shield the ag sector.
Grains see early strength ahead of the WASDE and with some better demand news. Cattle are mixed ahead of cash development, hogs mostly higher trying to recover. Kent Beadle, Paradigm Futures, has more.
AgDay TV Markets Now: John Heinberg, Total Farm Marketing says corn is in consolidation mode but held up well Wednesday in light of contract lows in wheat and talk of China cancellations.
While USDA’s new livestock and poultry market final rule aims to address discrimination and promote competition, critics argue it could lead to excessive regulation and higher consumer prices.