Soybean Oil Dec '26 (ZLZ26)
Soybean Oil Futures Market News and Commentary
Soybeans are trading with Wednesday AM losses of 6 to 7 ½ cents. Futures were pressured by weaker products, crude and a wetter forecast on Tuesday, with contracts steady in some deferreds to down 15 cents in the nearbys. Open interest was down 3,006 contracts. The cmdtyView national average Cash Bean price was down 13 3/4 cents at $11.34 1/2. Soymeal futures were down $1.20 to $3.20, with Soy Oil 18 to 62 points lower. Crude oil, down $5.20, added some pressure. There were 137 deliveries issued against August soybeans overnight, with 322 for August bean oil.
USDA reported another 132,000 MT of 2026/27 soybean sold to China on Tuesday morning.
Weekly Crop Progress data from NASS showed condition ratings steady at 63% gd/ex, with the Brugler500 index unchanged at 363. There was some shifting among the 18 states, with KS/NE dropping 9 points, with MI and MN down 8 and ND slipping 1 point. Improvement was seen in IL/IN/MO (+3), with IA up 2, and OH 5 points higher.
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