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
USDA estimated that U.S. growers will plant 97 million acres of corn this spring, an 8% increase over 2019, but analysts say recent sharp declines in ethanol production make it doubtful that number will hold true.
Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said.
January soybeans were up 6 cents at $11.75-3/4 a bushel after peaking earlier at $11.89-3/4, the highest for a most-active contract since June 13, 2016.
Corn Planted Acreage Up Less than 1 Percent from 2020 Soybean Acreage Up 5 Percent All Wheat Acreage Up 5 Percent All Cotton Acreage Down Less than 1 Percent
Corn Stocks Down 3 Percent from March 2020 Soybean Stocks Down 31 Percent All Wheat Stocks Down 7 Percent
January’s Crop Production and Stocks reports from USDA raised a number of questions about big shifts in production projections. NASS Crops Chief Lance Honig addressed those questions on AgriTalk.
WASDE for February raised exports and lowered ending stocks for both corn and soybeans.
But for FY 2017, the ag trade surplus is up notably from year-ago.
While China grapples with choosing which production lines to reopen, the food shortage conversation looks to ramp up.