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
Chinese soybean processors have canceled 10 Brazilian soybean cargoes since last week, according to sources cited by Bloomberg.
March SRW wheat rose 17 1/2 cents to $7.98. March HRW wheat rose 15 cents to $8.23. March spring wheat gained 5 1/4 cents to $9.57 1/4.
China cancels 10 Brazil soybean cargoes
Hopes for docile agriculture markets in 2022 have already been blown out of the water. Instead, we could be headed for a volatile year – or more.
USDA Secretary Tom Vilsack wants the Department of Justice (DOJ) to ensure seed companies and other input suppliers are not using their market power and current conditions to raise prices unfairly.
With a forecast for one more week of hot and dry weather conditions and then a shift to more rain, Argentina’s crop stress might be near the peak, according to World Weather Inc.
In front of the Senate Committee on the Environment and Public Works, the biofuels industry stressed the importance of the Renewable Fuel Standard (RFS) to a clean energy policy.
April lean hog futures rose $1.25 to $105.40, the highest settlement for a nearby contract since prices topped $110.00 in August.
China can reduce its soybean demand by 30 MMT by continuing to promote lower soymeal rations in feed and using alternative proteins, the official Xinhua news agency reported, citing unnamed agriculture officials.