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 off lows but can it rally pre-report, with headwinds like Brazil wx & slow demand? How much wx premium does the cattle market need? What’s the outlook for outside markets? Darin Newsom, Barchart, has answers.
No follow through in grains after higher day Tuesday, pre-WASDE. CONAB’s Brazil estimates disappoint. Cattle add wx premium w/higher cash ideas. Hogs consolidate. Mike Minor, Professional Ag Marketing, has more.
AgDay TV Markets Now: Brian Grete, Editor of Pro Farmer, says corrective buying drove the rebound in the grain markets plus funds selling took a pause before the WASDE.
The U.S. exported $16.09 billion of agricultural goods in November against imports of $15.99 billion, resulting in a surplus of $98.97 million.
Grains close higher on corrective buying and positioning headed into the WASDE. Cattle added wx premium with higher cash ideas, hogs up for a 4th day trying to confirm a season low. Brian Grete, Pro Farmer, has details.
Grains all higher midday with corn and soybeans oversold and seeing some corrective buying pre-WASDE. Cattle firm up with winter weather and hogs forming a season low. Kent Beadle, Paradigm Futures, has more.
Cattle up after disappointing Monday, with strong cash, winter wx supportive. Hogs advance on short covering. Soybeans make new lows, corn 2-sided after contract lows. Brad Kooima, Kooima Kooima Varilek, has more.
U.S. consumers’ outlook for inflation over the short run fell to the lowest level in nearly three years in December, the New York Federal Reserve said.
AgDay TV Markets Now: Randy Martinson, Martinson Ag, explains what caused the funds to push grains to new lows and where the next areas of technical support are on the charts.
The annual American Economic Association gathering of the nation’s top economists brought mixed sentiments.