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
After corn and soybean prices soared last week once the USDA’s WASDE report was released, grains and oilseeds seem to have taken a different path this week. So, is the grain rally over? Bob Utterback weighs in.
All the major variables were hit in 2020.
AFBF wants USDA’s National Agricultural Statistics Service (NASS) to improve transparency and better embrace emerging technology in making crop estimates, determining ag census numbers and other ag reporting.
There is no “bailout” in commodity markets — just risk. It makes me crazy when someone says, “The bulls were bailed out by Chinese buying.” Or, “The bears got bailed out by those rains.”
We will have to see if President Joe Biden wants to expand Chinese demand. Additionally, we must watch the COVID-19 situation.
Have your adviser compute reasonable 12-month price targets given the latest fundamental and technical information.
The marketing tools to use have little to do with the year or commodity. What emotionally best fits you?
If a good profit margin can be locked in and you can gain revenue as prices move higher, go for it. Looking ahead, I’m watching:
Energy needs and global energy policies will be front and center this year.