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 focus of the soybean market continues to be South American weather and crop expectations. Jerry Gulke says whether or not forecasted rains occur will set the direction for the market into next week and beyond.
AgDay TV Markets Now: Darren Frye, Water Street Solutions, says soybeans and meal see profit taking with Brazil rain chances and drag corn down as well.
Soybeans see profit taking on Brazil rain chances, pull down corn and wheat. Cattle rally into a slightly friendly COF report. Crude oil rebounds. Darren Frye, Water Street Solutions, has more.
On the positive side for corn, the U.S. corn harvest is winding down rapidly, which means farmer selling at the local elevators and commercial hedge pressure will subside.
Soybeans pull grains lower with rain chances for Brazil and technical selling. Cattle see short covering pre-COF and after the Tyson cyberattack. Hogs firm. Vince Boddicker, Farmers Trading Company, has details.
Risk off day as cattle continue defensive ahead of the CoF Report, hogs consolidate. Soybeans lower with Brazil rain chances and corn follows digesting extra bushels. Scott Varilek, Kooima Kooima Varilek has more.
The International Grains Council (IGC) raised its forecast for 2023-24 global grain production by 3 MMT to 2.295 billion MT.
AgDay TV Markets Now: Jim McCormick, AgMarket.Net, explains why corn rallied despite the lower day in soybeans and the plunge in cattle.
The soy complex slid on Brazil rain chances and profit taking, while corn bounced. Cattle plunged on lower cash, pre-COF caution. Demand fears tanked crude oil. Jim McCormick, AgMarket.Net, has more.
Members of the National Oilseed Processors Association (NOPA) crush 189.8 million bu. of soybeans in October.