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Soybean Oil Jul '24 (ZLN24)

47.55s +0.44 (+0.93%) 07/12/24 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, Jul 12th, 2024
Day Low
47.51
Day High
47.55
Open 47.51
Previous Close 47.11 47.11
Volume 220 220
Open Interest 196 196
Stochastic %K 62.56% 62.56%
Weighted Alpha -15.72 -15.72
5-Day Change -2.07 (-4.17%) -2.07 (-4.17%)
52-Week Range 42.50 - 63.54 42.50 - 63.54
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Soybean Oil Futures Market News and Commentary

Soybean Posts Mixed Trade, as New Crop Holds Up

The soybean market closed with mixed action on Tuesday, as front months were down 3 to 6 cents. New crop November was up 1 ¼ cents. CmdtyView’s national front month Cash Bean price was down 6 cents at $9.83. Soymeal futures posted losses of 30 cents to $2.90/ton, with Soy Oil futures were back up 60 to 101 points.

US soybeans are 2% planted as of April 13, in line with the 5-year average pace at 2%. Some fringe states were ahead of normal, including AR, LA, MS, and TN, as MO is 3 percentage points ahead of normal. All other states were at or below normal.

NOPA data from this morning showed a total of 194,55 mbu of soybeans crushed during March. That was a sharp 9.38% increase from last month but down 0.94% from last year. Soybean oil stocks were tallied at 1.498 billion pounds, which was down 19.07% from last year and 0.34% below the end of February. 

May 25 Soybeans  closed at $10.36, down 5 3/4 cents,

Nearby Cash  was $9.83, down 6 cents,

Jul 25 Soybe... 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
06/28/24
Expiration Date
07/12/24 (expired)

Seasonal Chart

Soybean Oil Jul '24
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of Apr 8, 2025

View Chart Details
Commercials - Long / Short
291,213 (-24,593)
346,485 (+14,341)
Non-Commercials - Long / Short
125,853 (-1,890)
77,143 (-38,516)
Producers - Long / Short
158,404 (-7,427)
318,824 (+19,115)
Swap Dealers - Long / Short
118,171 (-9,523)
13,023 (+2,869)
Managed Money - Long / Short
83,240 (+1,141)
50,783 (-33,449)
Other Reportables - Long / Short
42,613 (-3,031)
26,360 (-5,067)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
42.50 +11.88%
on 06/25/24
Period Open: 43.79
49.65 -4.23%
on 07/05/24
+3.76 (+8.59%)
since 06/12/24
3-Month
42.50 +11.88%
on 06/25/24
Period Open: 46.45
49.65 -4.23%
on 07/05/24
+1.10 (+2.37%)
since 04/12/24
52-Week
42.50 +11.88%
on 06/25/24
Period Open: 56.93
63.54 -25.17%
on 07/24/23
-9.38 (-16.48%)
since 07/12/23

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Most Recent Stories

More News
Soybean Posts Mixed Trade, as New Crop Holds Up

The soybean market closed with mixed action on Tuesday, as front months were down 3 to 6 cents. New crop November was up 1 ¼ cents. CmdtyView’s national front month Cash Bean price was down 6 cents...

ZSPX25US.CM : 9.6641 (+0.07%)
ZLN25 : 47.40 (-0.92%)
ZMN25 : 300.3 (-0.23%)
ZSPAUS.CM : 9.8383 (-0.52%)
ZSK25 : 1032-2 (-0.36%)
ZSX25 : 1023-0 (-0.66%)
ZSN25 : 1042-0 (-0.43%)
Wheat Weakness Extends into Tuesday’s Close

The wheat complex posted extended weakness on Tuesday, with contracts down across the three markets. Chicago SRW futures closed with losses of 5 to 6 cents on the Tuesday session. Kansas City HRW posted...

KEN25 : 564-2 (-0.75%)
MWK25 : 598-2 (-0.50%)
KEK25 : 549-2 (-0.68%)
ZWK25 : 537-6 (-0.78%)
ZWN25 : 551-2 (-0.85%)
Corn Closes Mixed, as New Crop Bids Up

The corn market posted mixed trade, as the recent bull spreads unwind. Nearbys were down 3 to 4 cents at the close, with new crop December up 2 ¼ cents. The May-December corn spread is down to 17 cents,...

ZCZ25 : 462-2 (-0.43%)
ZCPAUS.CM : 4.5327 (-0.76%)
ZCPZ25US.CM : 4.3068 (+0.60%)
ZCK25 : 480-2 (-0.21%)
ZCN25 : 488-0 (-0.31%)
Pure Hedge - Livestock and Grain

Soybean Oil About to Takeoff? Are All the Grains About to Rally? Cattle on Feed Report Thursday

Pure Hedge - Livestock and Grain

Soybean Oil About to Takeoff? Are All the Grains About to Rally? Cattle on Feed Report Thursday

Grain Spreads: Crush News

Beans and Meal Weak, Oil Supported.

Shootin' the Bull about growing cattle as big as Elephants

Cattle feeders continue to push the envelope as to how much input risk one can assume to produce a pound of beef.

Chart of the Day - July Soybean Oil

Soybean Oil appears as if it wants to head higher

Soybean Weakness Extending to Tuesday’s Midday

Soybeans are trading with losses of 1 to 5 cents at Tuesday’s midday, pulling off the early session lows. CmdtyView’s national front month Cash Bean price is down 5 ¼ cents at $9.84 3/4. Soymeal futures...

ZSPX25US.CM : 9.6641 (+0.07%)
ZLN25 : 47.40 (-0.92%)
ZMN25 : 300.3 (-0.23%)
ZSPAUS.CM : 9.8383 (-0.52%)
ZSK25 : 1032-2 (-0.36%)
ZSX25 : 1023-0 (-0.66%)
ZSN25 : 1042-0 (-0.43%)
Corn Posting Mixed Trade on Tuesday

The corn market is trading posing 4 to 5 cents losses in the nearbys, with new crop up 1 ½ cents so far at midday. The front month CmdtyView national average Cash Corn price is down 4 cents at $4.53 3/4....

ZCZ25 : 462-2 (-0.43%)
ZCPAUS.CM : 4.5327 (-0.76%)
ZCPZ25US.CM : 4.3068 (+0.60%)
ZCK25 : 480-2 (-0.21%)
ZCN25 : 488-0 (-0.31%)
July Soft Red Winter Wheat Prices May Have Found a Bottom. Here Are the Levels to Watch Before You Buy.

Poor weather conditions in winter wheat country have likely reduced production potential.

ZSN25 : 1042-0 (-0.43%)
ZCK25 : 480-2 (-0.21%)
ZWN25 : 551-2 (-0.85%)
A Choppy Grain Trade to Start the Week

Grain markets were choppy in Monday’s trade, with similar action in the overnight and early morning session. These are the levels to watch for in today’s trade

Wheat Losses Continuing on Tuesday Morning

Wheat futures are extending the losses on Tuesday morning. The complex gave back most of Friday’s gains, as losses extended across the three exchanges on Monday. Chicago SRW futures were back down 8...

KEN25 : 564-2 (-0.75%)
MWK25 : 598-2 (-0.50%)
KEK25 : 549-2 (-0.68%)
ZWK25 : 537-6 (-0.78%)
ZWN25 : 551-2 (-0.85%)
Soybeans Falling Back to Start Tuesday

Soybeans are showing 5 to 8 cent losses early on Tuesday morning. Beans closed the Monday session with contracts mixed, as nearbys were 1 to 3 cents weaker. New crop contracts were up as much as 3 cents...

ZSPX25US.CM : 9.6641 (+0.07%)
ZLN25 : 47.40 (-0.92%)
ZMN25 : 300.3 (-0.23%)
ZSPAUS.CM : 9.8383 (-0.52%)
ZSK25 : 1032-2 (-0.36%)
ZSX25 : 1023-2 (-0.63%)
ZSN25 : 1042-0 (-0.43%)
Corn Popping Higher on Tuesday Morning

The corn market is trading with Tuesday morning gains, led again by the new crop up 2 ¼ cents. Futures closed the Monday session with contracts 1 to 5 ¼ cents in the red, led by the nearbys. Preliminary...

ZCZ25 : 462-2 (-0.43%)
ZCPAUS.CM : 4.5327 (-0.76%)
ZCPZ25US.CM : 4.3068 (+0.60%)
ZCK25 : 480-2 (-0.21%)
ZCN25 : 488-2 (-0.26%)
Corn Starts the Short Week in the Red

Corn futures closed the Monday session with contracts 1 to 5 ¼ cents in the red, led by the nearbys. The front month CmdtyView national average Cash Corn price was down 5 cents at $4.57 3/4. The markets...

ZCZ25 : 462-2 (-0.43%)
ZCPAUS.CM : 4.5327 (-0.76%)
ZCPZ25US.CM : 4.3068 (+0.60%)
ZCK25 : 480-2 (-0.21%)
ZCN25 : 488-2 (-0.26%)
Wheat Weakness Comes Back in on Monday

The wheat complex gave back most of Friday’s gains, as losses extended across the three exchanges. Chicago SRW futures were back down 8 to 9 cents in the front months at the close. Kansas City HRW contracts...

KEN25 : 564-2 (-0.75%)
MWK25 : 598-2 (-0.50%)
KEK25 : 549-2 (-0.68%)
ZWK25 : 537-6 (-0.78%)
ZWN25 : 551-2 (-0.85%)
Soybeans See New Crop Strength on Monday

Soybeans closed the Monday session with contracts mixed, as nearbys were 1 to 3 cents weaker. New crop contracts were up as much as 3 cents in November. CmdtyView’s national front month Cash Bean price...

ZSPX25US.CM : 9.6641 (+0.07%)
ZLN25 : 47.40 (-0.92%)
ZMN25 : 300.3 (-0.23%)
ZSPAUS.CM : 9.8383 (-0.52%)
ZSK25 : 1032-2 (-0.36%)
ZSX25 : 1023-2 (-0.63%)
ZSN25 : 1042-0 (-0.43%)
Livestock Markets Rally

Markets challenge resistance

Shootin' the Bull about not much of anything

Not much seemed to change over the weekend.  Cattle feeders lost approximately $42.00 per head from one week to the next.

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 47.60
2nd Resistance Point 47.58
1st Resistance Point 47.56
Last Price 47.55s
1st Support Level 47.52
2nd Support Level 47.50
3rd Support Level 47.48

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52-Week High 63.54
Fibonacci 61.8% 55.50
Fibonacci 50% 53.02
Fibonacci 38.2% 50.54
Last Price 47.55s
52-Week Low 42.50

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