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
Fed cash cattle hit a new record high for a fourth straight week with the five area weighted average at $210.79, up $7.12 from the previous week.
Chuck Shelby, Risk Management Commodities, says grains close higher seeing fund buying and consolidation with the markets still digesting possible tariffs and South American weather.
DuWayne Bosse, Bolt Marketing, says corn and wheat are trying to recover Tuesday with fund short covering.
Dr. Vince Malanga criticizes the Federal Reserve’s claims of being non-political.
Corn, soybeans and wheat all closed higher for the week in the face of heightened uncertainty. Jerry Gulke, president of the Gulke Group, says to him that kind of resilience is an underlying sign of a bull market.
Soybean market outlook broken down into 5, 30 and 90 day segments.
USDA announced several senior staff appointments.
Darin Newsom with Barchart says the forward spreads have been bullish in corn since August indicating strong underlying demand.
The move follows President Donald Trump’s renewed claims that China has influence over the canal and his pledge to take control of the strategic waterway.
Jerry Gulke, president of the Gulke Group, says the strength in corn can pull the soybean markets and maybe even wheat higher for a handful of fundamental reasons.