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
Pro Farmer released their state yield estimates on Friday. We compared Pro Farmer’s numbers to USDA’s state yield estimates in the August WASDE to determine the biggest misses in the east and west.
Markets open mixed with corn seeing support after the lower Pro Farmer corn yield and wheat is following. Soybeans down with rain over the weekend. Livestock see follow through technical selling and weaker cash.
In a relatively short time, corn and soybean prices have both gained $1 per bushel. This creates a decision-making opportunity.
On Thursday, corn prices jumped again. Prices are set for an week of back-to-back gains, the longest streak since May 2021.
December corn futures rose to the highest price since late June and soybeans and wheat also rose amid concern over dry weather. Why did corn prices surge? Several bullish factors are at play,
Acres that U.S. farmers were unable to plant have more than tripled from the same period last year as extreme weather wreaks havoc on fields.
With the price premiums for war, trade distortion, demand destruction and weather fully discounted in the July price collapse, it suggests the stars are still aligned for more fireworks.
Severe droughts across the Northern Hemisphere — stretching from the farms of California to waterways in Europe and China — are further snarling supply chains and driving up the prices of food and energy. . .
Corn and wheat rebound on Friday, but it was a lower week for all the grains. Hogs consolidated, while cattle scored higher weekly closes. Michelle Rook talks with Matt Bennett of AgMarket.Net.
Corn posted modest gains late this week but not enough to offset the sharp declines posted early this week, with the market holding a sideways-neutral posture heading into next week.