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
Cattle turn mixed after the Friday reports, with hogs seeing profit taking. Grains continue to rebound. Michelle Rook talks markets with Scott Varilek of Kooima Kooima Varilek.
Grain return higher after Russia bombs Odesa port, extended weather is also supportive. Livestock setting back. Chuck Shelby with Risk Management Commodities joins Michelle Rook to kick off the week.
Extreme heat spread into the majority of the western Corn Belt to end the week. Some farmers are seeing a worst-case weather scenario for crops now pollinating. So, why did markets drift lower for much of the week?
Containers are piling up around the country and trains are waiting for longer stretches at depots, the Wall Street Journal reports. . .
Corn and wheat had a tough day technically on Friday after the deal to allow Ukraine exports, but soybeans and livestock ended higher.
Grains mixed at midday with soybeans rebounding off six month lows, corn and wheat under pressure after the Ukraine export deal signing. Livestock rally into reports.
Reuters reports the Biden administration is “investigating Chinese telecoms equipment maker Huawei over concerns U.S. cell towers. . .
Grains opened lower except beans, continuing to see pressure as the Ukrainian export deal is signed. Livestock open mixed awaiting USDA Reports.
The International Grains Council (IGC) trimmed its forecast for this year’s global corn output, largely driven by drought stress in the European Union.
Grains sink on news of Ukraine export deal, livestock mostly lower except feeders.