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
A top Indian commodities trader plans to increase ethanol production by 60,000 liters per day after purchasing 100,000 liters per day capacity ethanol plant.
The shipment broke the record by 2,271 MT set in 2020.
Nearby soybean futures rose to a nine-month high as escalating Russia/Ukraine concerns fueled broad strength across commodity markets.
Pork stocks build less than normal, beef inventories rise contra-seasonally
Corn futures ended the week near seven-month highs behind spillover support from gains in soybeans and ongoing concerns that a potential Russian invasion of Ukraine my disrupt global grain trade.
Due to negative crush margins, some soybean crushing plants in China are suspending operations, according to industry sources.
DEVELOPING: There’s a new issue getting inputs after the only potash mine in Belarus declared a force majeure.
Some Chinese soybean crushing plants suspending operations
The International Grains Council (IGC) slashed its 2021-22 world soybean production estimate to 353 million metric tons (MMT). . .
Chinese soybean processors have canceled 10 Brazilian soybean cargoes since last week, according to sources cited by Bloomberg.