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
Alan Brugler with A&N Economics, LLC. says the tariff escalation once again weighed on the grain markets with the EU putting retaliatory tariffs on U.S. grains and threats that Canada would put levies on U.S. ethanol imports.
Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains are seeing pressure on new tariff concerns with the EU as they announce retaliatory measures on ag products.
A bipartisan group of senators urged USDA Secretary Brooke Rollins on Monday to speed up the distribution of $20 billion in disaster relief.
John Heinberg with Total Farm Marketing says grain and livestock both saw risk off selling tied to trade uncertainty, bearish outside markets and recessionary fears.
Brian Splitt, AgMarket.Net thinks USDA is just waiting to get through the quarterly stock report and the planting intentions to make revisions on demand for corn and soybeans.
Kent Beadle with Paradigm Futures says corn is extending gains for a 5th session still in recovery mode after the panic liquidation tied to tariffs. Soybeans rebounded early.
Dr. Vince Malanga, President of LaSalle Economics, says that fortunately, the budget resolution passed the House by the narrowest of margins. However, he notes the Senate version is significantly different.
Ted Seifried, Zaner Ag Hedge, says soybeans and the products saw significant pressure tied to risk off selling and South American harvest pressure, while the rest of the markets were able to shake that off.
Brad Kooima of Kooima Kooima Varilek says live cattle see buying interest after strong cash late last week. Corn tries to hold gains with soybeans seeing South American harvest pressure and concern about China’s 10% tariffs on U.S. soybeans.
Jerry Gulke, president of the Gulke Group, says despite the volatility tied to tariffs, the corn and soybean markets closed only slightly lower for the week and Gulke was impressed at the reset off the lows that produced a hook reversal on the charts.