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
The European Union is considering the establishment of a carbon market in the agriculture sector as part of its ambitious climate goals for the next decade.
“I don’t think we are going to see huge losses in prices from here forward, but these are not exciting prices,” says Jerry Gulke, president of the Gulke Group.
A recap of the week’s price action and outlook segmented into the next 5, 30 and 90 days.
Grains consolidating as funds are back in selling end of week. Cattle make new highs again pushed by higher cash. Crude oil stalls after 9-weeks highs Thursday. Darin Newsom, Barchart, has details.
AgDay TV Markets Now: Vince Boddicker, Farmers Trading Company, explains why the soybean complex sank on Thursday and why cattle and hogs made new highs for the move.
The collapse of soybean basis levels in Brazil tanked the soy complex. Vince Boddicker, Farmers Trading Company says, “People are saying with the basis dropping that hard maybe the Brazilian crop isn’t that tight.”
Canadian Ag Minister MacAulay had discussions with USDA Secretary Vilsack regarding proposed changes in voluntary “Product of USA” labeling regulations for meat and livestock, as well as California’s Proposition 12.
Chip Flory warns that as more crush capacity comes online, the soybean market might realize it waited too long to bid for 2024 soybean acres.
Cattle try to extend gains after strong chart action awaiting cash. Hogs see follow through buying on China news. Corn & beans see profit taking w/weak exports. Scott Varilek, Kooima Kooima Varilek, has more.
Vilsack’s interpretation of 2018 Farm Bill language on this topic allowed him to raise SNAP spending by a quarter trillion dollars.