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 close higher, except corn. End of the month and outside markets influence. Soybeans follow meal w/Argentina weather concerns, but can we push past $15? Bryan Doherty, Total Farm Marketing has the answer.
Grains up w/ soybeans making new highs for the move as Congress votes to avert the rail strike, China demand news supportive. Cattle consolidating, short covering in hogs. Kent Beadle, Paradigm Futures has details.
A higher midday trade except corn futures, with new highs for the move in soybeans. Michelle Rook gets details with Jeff Hoogendoorn of Professional Ag Marketing.
U.S. ag exports in fiscal year (FY) 2023 are projected at $190.0 billion, down $3.5 billion from USDA’s August forecast.
Grains closed mixed Tuesday with end of the month positioning. Ted Seifried with Zaner Ag Hedge says Tuesday was a bookmark day but corn and beans are still rangebound despite the recent liquidation by the funds.
Grain and livestock futures end mixed after two-sided trade due to end of the month positioning. Ted Seifried of Zaner Ag Hedge called it a “bookmark day” as the market await more news.
Grains and hogs mixed and 2-sided at midday. Cattle see technical bounce but will LC retest last week’s contact highs and what is the cash outlook this week? Michelle Rook asks Brad Kooima, Kooima Kooima Varilek.
West Texas intermediate crude oil prices hit an 11-month low of $73.60 per barrel Monday before rebounding to close higher. So, what is driving the market and how long will these lower price levels last?
New York Federal Reserve President John Williams said on Monday the U.S. central bank still has more work to do to lower high levels of inflation, and he also noted he expects to see a notable jump in unemployment . . .
Follow through buying in soybeans with dryness in Argentina, more technical selling in wheat, corn is caught in the middle. Cattle and hogs are mixed. Michelle Rook with Vince Boddicker Farmers Trading Company.