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
Just a day ahead of two major USDA reports, soybean prices slid. The May contract closed 26 cents lower on Tuesday, with prices settled at $13.66. Corn saw similar action on the CME Tuesday.
The March 31 Prospective Plantings and Grain Stocks reports are known for a surprise or two, as well as causing some price volatility.
Cotton futures edged lower in choppy trading on Monday, pressured by a firmer dollar, while expectations for a reduction to forecasts for planted acreage in a federal report due later this week put a floor under prices.
USDA reports have the chance of throwing out some surprises. So, what may some of those surprises be when UDSA releases its Prospective Plantings report next week? U.S. Farm Report analysts weigh in.
The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday.
A container ship blocking the Suez Canal like a “beached whale” may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.
The United States, the European Union, Britain and Canada imposed sanctions on Chinese officials on Monday for human rights abuses in Xinjiang.
The outlook for agriculture is uncertain, but more optimistic than it was a few months ago, according to the 2021 U.S. Baseline Outlook report compiled by FAPRI.
The Fed on Wednesday repeated its pledge to keep its target interest rate near zero for years to come after projecting a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down.
Since last year, China has been importing record volumes of U.S. corn due to a supply shortage and record domestic prices. But U.S. shipments to the Asian country have been slightly disappointing in recent weeks.