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
Markets are all down in a commodity wide selloff, with the risk off in outside markets. However, there’s still optimism ahead for markets like soybeans and cattle. Scott Varilek, Kooima Kooima Varilek explains.
Grains open steady to lower with rains over the weekend in Argentina lower CO, higher dollar. Cattle opened mixed but look poised to move higher, with hogs lower. Tomm Pfitzenmaier with Summit Commodity Brokerage.
The Wall Street Journal (WSJ) editorial personnel are very much opposed to the Renewable Fuel Standard (RFS) program. Their latest commentary takes on EPA’s recent announcements. . .
Grains end the year strong with soybeans above $15 but will the South American weather rally continue? John Payne of Hedge Point Global Markets has the answer and factors that will drive the markets to start 2023.
Soybeans and meal supported by SA crop concerns & export demand. Wheat saw short covering, corn ended lower. Livestock ended mostly lower on EOY profit taking. John Payne, Hedge Point Global Markets has more.
Cash Basis Levels for Corn and Beans at 20-Year Highs: What Is Driving It and How Long Will It Last?
Cash basis levels for corn and soybeans at 20-year highs as a result of transportation issues tied to winter storm Elliott, but it’s also due to tight supplies.
Soybeans sees SA weather market, contract highs in meal supportive. Wheat now leading on short covering, corn following. Cattle see profit taking after contract highs, higher cash. Kent Beadle of Paradigm Futures.
Keep an eye on these four issues to impact corn and soybean prices in 2023.
Grains higher early with soybeans leading on Argentina crop concerns, new contract highs in meal and fresh export biz, corn and wheat following. Cattle are mixed with hogs mostly lower. Michelle Rook has details.
Soybeans remained above $15 supported by continued crop concerns in Argentina. John Heinberg of Total Farm Marketing talks about how long the weather market may last, lower grains and the new highs in live cattle.