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
Russia attacks Ukraine’s agriculture infrastructure
Only 4.7 million hectares of spring grain will likely be planted in Ukraine this year, down 39% from last year, according to Black Sea ag consultancy APK-Inform.
Russia has not banned grain exports yet
Russia may suspend exports of wheat, barley, corn and rye starting Tuesday and lasting until June 30, the Interfax news agency reported on Monday, citing the agriculture ministry.
Ukraine President Volodymyr Zelenskyy is urging farmers to sow as many fields as possible to protect the food supply.
Soybeans will be bidding for U.S. acres in the next three years (and longer) to feed crush expansion.
Brazil announced a national fertilizer plan to reduce imports by 40% by 2050.
Meeting in Germany, the G7 agricultural ministers ask all countries to keep their food and agricultural markets open.
Corn prices are above $7.50 per bushel and soybean prices are near or above $16 per bushel. As prices stay elevated, will demand diminish? Time will tell, says Jerry Gulke, president of the Gulke Group.