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
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, explains what drove the rally in grain and livestock futures Wednesday and if it can keep going?
Grains end higher as corrective buying continues but the lower dollar and SA wx were also supportive. Cattle and hogs made new highs for the move on fund buying. Oliver Sloup, Blue Line Futures has details.
LanzaJet inaugurated the world’s first ethanol-to-sustainable aviation fuel (SAF) production facility, Freedom Pines Fuels, in Soperton, Georgia.
Grains start higher on continued corrective buying but soybeans have run into chart resistance. Cattle and hogs see following through buying after chart breakouts yesterday. Randy Martinson, Martinson Ag, has more.
“While soybeans have had a nice break higher the last four days, corn is moving sideways.” Dave Chatterton, Strategic Marketing says upside in corn is being limited by the 2.16-billion-bushel carryover.
China has sought to increase output of oilseeds such as soybeans and rapeseed and cut the ratio of meal used in animal feed, as food security becomes an increasingly important priority.
AgDay TV Markets Now: Dave Chatterton with Strategic Farm Marketing says soybeans up a 4th day on SA crop concerns and higher meal, livestock see chart breakouts, with corn sideways.
Vilsack stressed the importance of finding alternative ways to boost income, especially for small and medium-sized operations.
Grains higher in early trading on continued corrective buying, despite slightly bearish outside markets. Kent Beadle, Paradigm Futures says the grain markets may have finally run out of sellers.
Corn and soybeans held long term support last week and built on it with Monday’s close.