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Soybean Oil Jul '23 (ZLN23)

67.89s -1.78 (-2.55%) 07/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, Jul 14th, 2023
Day Low
67.89
Day High
67.89
Open 67.89
Previous Close 69.67 69.67
Volume 26 26
Open Interest 154 154
Stochastic %K 91.66% 91.66%
Weighted Alpha +23.49 +23.49
5-Day Change +1.34 (+2.01%) +1.34 (+2.01%)
52-Week Range 44.53 - 70.00 44.53 - 70.00
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Soybean Oil Futures Market News and Commentary

Soybeans Weaker on Tuesday

The soybean market closed with Tuesday losses of 9 to 11 cents. CmdtyView’s national front month Cash Bean price is down 10 1/2 cents at $9.95 1/4. Soymeal futures were up 70 cents to $3.50/ton, with Soy Oil futures were back down 94 to 113 points. 

A private export sale of 110,000 MT of soybeans to unknown for 2024/25 were announced by the USDA this morning.

The US soybean crop was listed at 18% planted as of Sunday, ahead of the 5-year average pace of 12%. The only of the 18 states USDA reports on to be lagging normal was KY, with the rest at or above the average planting pace.

Argentina’s ag ministry estimates producer soybean sales are the slowest in 11 years, as producers are hold onto the crop due to uncertainty over the country’s currency exchange rate and a slower harvest.

May 25 Soybeans  closed at $10.41, down 11 cents,

Nearby Cash  was $9.95 1/4, down 10 1/4 cents,

Jul 25 Soybeans  closed at $10.52 3/4, down 9 3/4 cents,

Nov 25 So... Read more

Contract Specifications

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Contract
Soybean Oil
Contract Size
60,000 pounds
Tick Size
0.01 points ($6.00 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:20p.m. (Settles 1:15p.m.) (Sun-Fri) CST
Exchange
CBOT
Point Value
$600
Margin/Maintenance
$1,980/1,800
First Notice Date
06/30/23
Expiration Date
07/14/23 (expired)

Seasonal Chart

Soybean Oil Jul '23
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of Apr 22, 2025

View Chart Details
Commercials - Long / Short
273,789 (-11,248)
340,678 (-6,665)
Non-Commercials - Long / Short
133,444 (+9,688)
73,053 (+4,892)
Producers - Long / Short
148,276 (-11,211)
316,645 (-6,193)
Swap Dealers - Long / Short
115,755 (+481)
14,275 (+46)
Managed Money - Long / Short
95,288 (+9,953)
39,616 (-1,178)
Other Reportables - Long / Short
38,156 (-265)
33,437 (+6,070)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
53.13 +27.78%
on 06/22/23
Period Open: 55.96
70.00 -3.01%
on 07/13/23
+11.93 (+21.32%)
since 06/14/23
3-Month
44.53 +52.46%
on 05/31/23
Period Open: 53.77
70.00 -3.01%
on 07/13/23
+14.12 (+26.26%)
since 04/14/23
52-Week
44.53 +52.46%
on 05/31/23
Period Open: 54.86
70.00 -3.01%
on 07/13/23
+13.03 (+23.75%)
since 07/14/22

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Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Maximum Signal Strength.

Key Turning Points

3rd Resistance Point 67.89
2nd Resistance Point 67.89
1st Resistance Point 67.89
Last Price 67.89s
1st Support Level 67.89
2nd Support Level 67.89
3rd Support Level 67.89

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52-Week High 70.00
Last Price 67.89s
Fibonacci 61.8% 60.27
Fibonacci 50% 57.26
Fibonacci 38.2% 54.26
52-Week Low 44.53

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