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
China’s ag ministry cut its estimate for 2021-22 (Oct.-Sept.) soybean imports to 91.0 MMT. . .
Grains mixed ahead of the WASDE Report, livestock start mixed and then slide on profit taking after the higher day Thursday. Randy Martinson of Martinson Ag kicks off the market day with Michelle Rook.
President Joe Biden is “very cautious” about making a move on the Trump-era tariffs on China and is still assessing his options, Commerce Secretary Gina Raimondo said Wednesday.
Grains close higher with ideas of tighter yields heading into the WASDE. Livestock continue to see technical buying and higher cash supportive.
Grains continue higher midday on weather and yield concerns and positioning ahead of the WASDE. Livestock futures are getting help from strong cash with Oct hogs making new contract highs for a second day.
Grain and livestock futures mostly higher on the open Thursday. Outside markets continue to be supportive, weather and WASDE continue to be watched. Cattle and hogs pushed by strong cash.
A risk on day in the outside markets on the CPI data lifted commodities early. Livestock ended strong but grains faded into the close. Was it WASDE positioning?
A risk on day in the outside markets in reaction to the CPI number has most of the grain and livestock futures higher. Higher cash ideas also giving cattle a boost with Oct hogs exceeding the contract highs.
U.S. labor productivity fell for the second straight quarter this spring while labor costs climbed, a bad sign for Federal Reserve officials trying to get inflation back under control.
Higher opening in all but feeders Wednesday. Grains continue to put in risk premium, positive CPI data drives DOW higher and that is supporting livestock.