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Soybean Oil Jan '24 (ZLF24)

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Soybean Oil Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Soybean Oil prices and Soybean Oil futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Thu, Jul 25th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Soybean Oil Historical Prices page.

Soybean Oil Futures Market News and Commentary

Soybeans Propped Up by Meal Rally

Soybean futures are posting 9 to 18 cent gains so far on Thursday, as meal is helping to push things higher. Soymeal futures got a positive export sales report, with midday price action up $8.40/ton.  Soy Oil futures are the weak spot of the complex again today, with losses of 14 points in the front month.

A private export sale of 264,000 MT of soybeans was reported this morning to unknown destinations for 2024/25 shipment.

USDA’s Export Sales report was released this morning, with sales for 2023/24 at a 21-week low of just 88,649 MT, which was also below estimates running 100,000 to 400,000 MT. Sales for the new crop marketing year were on the high end of the 500,000 to 900,000 MT range at a MY high of 829,675 MT in the week ending 7/18, with 723,100 MT sold to unknown destinations.

Soybean meal sales were on the high end of the trade estimates, with 2023/24 sales at an 8-week high of 258,117 MT, with 520,886 MT sold for the next crop year, a MY high. Bean oil sal... Read more

  • Shootin' the Bull about converging basis

    The cash trading this week has seemingly caused futures to run towards it, converging basis. Without expectations of higher cash, I would not expect today's...

  • Corn and Soybeans Rally Into the Last Trading Day of the Week

    Corn and soybeans were higher in today's trade following better than expected new crop export data. These are the levels we are keeping an eye on as we...

  • Wheat Falling on Weaker Export Data

    Wheat futures are trading with weaker action on Thursday across the three exchanges. Chicago SRW futures are down 6 to 8 cents at midday. Kansas City...

  • Soybeans Propped Up by Meal Rally

    Soybean futures are posting 9 to 18 cent gains so far on Thursday, as meal is helping to push things higher. Soymeal futures got a positive export sales...

  • Corn Bulls Holding Higher on Thursday

    Corn futures are trading with 2 to 4 cent gains so far through midday, as the week’s marginal rally continues. The Western Corn Belt remains dry for...

  • Corn Gains Limited to Fractional on Thursday Morning

    Corn trade is showing fractional gains so far this morning. Futures rounded out the midweek session with fractional to 2 cent gains across most contracts....

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