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
The head of trading for CBH Group, Australia’s largest coop, expects more demand in the short and medium-term due to the loss of exports from the Black Sea area, Bloomberg reported.
Nearby soybeans gained on spillover from the wheat market’s steep rally but faded on profit-taking and indications that stepped-up Chinese demand and a South American crop shortfall are factored into prices.
Egypt looking at plans for wheat procurement
The Biden administration may have to open the Conservation Reserve Program (CRP) to cropping this year because of grain shortages that could result from the Russian invasion of Ukraine.
The 2022 spring crop insurance price for corn is $5.90, $1.32 higher than last year.
China is heading into peak demand season for many commodities.
U.S. open to Russian oil sanctions, just not yet
Corn buyers, especially those in Benelux, Iberia, the Middle East and North Africa, are changing their purchases to the EU from Ukraine due to the Russian invasion, according to traders.
Major global grain producers and exporters Russia and Ukraine remain in a full-scale war with no end in sight and that’s keeping the grain futures markets unnerved.
IEA members agree to release 60 million barrels of oil