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 mixed with more fund selling in corn and wheat, while soybeans bounce despite lower soybean oil. Livestock higher, with strong cash cattle trade and lower corn. Chip Nellinger of Blue Reef Agri-Marketing.
Argentina’s wheat production outlook is likely to face more cuts due to lower-than-expected yields, the Buenos Aires Grain Exchange said in its weekly report.
Corn and wheat see more technical selling w/a higher dollar. Technical bounce in beans, despite the continued selloff in BO. Live cattle see early pressure despite steady to higher cash, profit talking in hogs.
Grains lower, with soybeans hit hard following an implosion in soybean oil after EPA released the RFS volumes. Slow exports added to the technical selling. John Payne of Hedge Point Global Markets has details.
Live cattle lower as steady cash disappoints. Hogs extend gains on short covering. Grains down with slow exports, profit taking, lower soybean oil a drag on soybeans. Pat Von Tersch with Professional Ag Marketing.
Cattle mostly higher with steady cash, hogs mixed with disappointing exports. Grains start lower with slow exports and sharply lower BO. Scott Varilek of Kooima Kooima Varilek has analysis.
Early November corn trade provided a glimpse of what to expect from a post-harvest corn market. Corn futures rolled over and through the bottom of the sideways trading range. But there was no “panic.”
Argentina’s government hiked the price of biodiesel for domestic consumption, aiming to keep its price just below the current high inflation rate.
Soybeans made new highs for the move, with higher meal. Wheat saw short covering, funds sold corn. Cattle higher with steady cash and hogs also saw short covering. Bryan Doherty of Total Farm Marketing has details.
Farm-state Sens. Deb Fischer (NE) and Amy Klobuchar (MN) unveiled a bill to allow year-round sale of E15 and other blends of ethanol higher than the traditional 10%, with a big difference: support of the oil industry.