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 and hogs were under pressure on economic and political concerns regarding China and more favorable weather. Cattle scored new highs for the move. Analysis with Chip Nellinger of Blue Reef Agri-Marketing.
Markets mostly lower except cattle. Grains see follow through technical selling and weather weigh on market. Chart action brings funds into cattle market plus higher cash ideas.
Grains see follow through selling, while livestock start higher then turned mixed with a nice rally in cattle.
Are U.S. crops getting smaller and is that enough of a catalyst to get the funds to come back in to buy commodities? Will the historical cotton abandonment in the WASDE push the market back to contract highs?
A severe drought is magnifying Europe’s economic risks by disrupting crop yields, energy production and trade flows at a time when the continent is already facing soaring food and fuel prices. . .
A mostly lower day on Monday except hogs as poor economic news out of China and weather produced a risk off session. Cattle gave up early gains as funds took profits, hogs supported by the futures discount to the LHI.
Grains continue lower with a risk off session, but have rebounded off the lows. Livestock mostly higher.
Where do the markets go post WASDE? Is the crop going to get smaller going into the September report with much of the heat hitting the crop after August 1? How much will more favorable weather help?
A risk off day has grains under pressure early with improved weather and outside markets reacting to China’s cut in interest rates. Livestock opened mixed with cattle higher on the pullback in corn, but hogs lower.
Corn and soybeans closed higher on Friday after the WASDE numbers, with wheat and livestock futures lower on profit taking before the weekend.