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
USDA revealed this week a crop stocks picture much tighter than expected. There are three major factors that could help or hinder prices in the months ahead, including a possible shutdown.
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Friday, November 13.
Rising household incomes, increasing production and favorable trade policies have led to major growth in U.S. agricultural exports in the past several decades.
Traders were expecting bullish numbers from Tuesday’s World Agricultural Supply and Demand Estimates (WASDE), but the projections were even friendlier than anticipated.
Corn Production Down 1 Percent from October Forecast Soybean Production Down 2 Percent Cotton Production Up less than 1 Percent
After the drubbing last week, markets recovered sharply off retracements, especially soybeans and corn, which held their upward trendline, in place since August.
President-elect Joe Biden has pledged to work more closely with U.S. allies in confronting China on trade, and is seen as unlikely to roll back his predecessor’s tariffs.
The price spikes this fall have been a surprise for many. During a period where farmers usually experience lower prices, commodity markets started trending higher in August and have accelerated since.