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 buyers booked their single biggest-ever purchase of U.S. corn, extending their flurry of large U.S. purchases even as tensions between Washington and Beijing rise.
Oats and wheat have been the superstars in commodity prices lately. As oats hit a new record high this week, spring wheat traded to the highest level since 2012.
For fiscal year 2021, USDA estimates total U.S. agricultural exports to be $173.5 billion. For next year, exports are projected to hit $177.5 billion.
The concept of “goal-based marketing” is easy to understand. The strategy links the sale of crops or livestock to a goal for your business.
Every story has a beginning and an ending. The soybean story began in August 2020 after two years of a sideways base-building affair.
It will take significant N bookings at higher prices or excess natural gas supplies to relight fires at fertilizer plants – and neither seems likely until summer 2022.
On Tuesday, Oct. 12, USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates. Gulke Group’s Jamie Wasemiller will be watching several factors in that round of report.
The questions of if fundamentals really matter anymore have surfaced recently. A look at price discovery for HRSW gives some insight.
Greater transportation efficiencies will only make U.S. exporters more competitive, will support basis and put more revenue in producers’ pockets.
Dr. Pat Westhoff joins AgriTalk’s Chip Flory to share his spin on the latest trends in crop markets, livestock outlooks and projections for net farm income.