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.
Check out our location-based Cash Grain Bids tool here!
Latest News From Soybean Markets
The first full week of trading in December can be enlightening and Gulke Group president Jerry Gulke says this year is no exception, especially after the 2024 election. However, he thinks the bulk of the bearish news may be priced into the corn market.
The expansion of Canada’s Trans Mountain pipeline could play a pivotal role in mitigating the potential impacts of tariffs threatened by President-elect Donald Trump on imports from Canada and Mexico.
Bryan Doherty, Total Farm Marketing, says March corn sees a chart breakout Friday above $4.35 and posts a higher weekly close, pricing in strong demand and lower expected ending stocks in Tuesday’s WASDE.
This delay in the 45Z program details is causing significant concern among producers and politicians alike.
International grain trading firms operating in Brazil will vote next week on changes that could weaken an agreement to not buy soybeans from deforested areas of the Amazon rainforest.
Boozman emphasized the need for Congress to act swiftly, providing farmers with the predictability needed to secure financial stability.
John Heinberg, Total Farm Marketing, says corn failed mid-session with conflicting information about guidance being delayed for the 45Z Clean Fuel Production Credits, but it also hit chart resistance.
Brad Kooima, Kooima Kooima Varilek, says cattle recover Tuesday after a KS plant closure headline hurt the market. Grains see a technical bounce with a lower dollar.
U.S. processors crushed 215.8 million bu. of soybeans in October, smashing the previous record for any month.
Kevin Duling, KD Investors, says more tariff talk over the weekend from President-elect Trump, this time on the BRICS nations, had fund or managed money traders nervous again and pushed the dollar higher.