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Soybean Oil Mar '13 (ZLH13)

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Soybean Oil Futures Market News and Commentary

Soybeans Close Lower, Product Values Mixed

Soybeans avoided the lows of the day, but settled 1 ½ to 5 1/2 cents lower, with November the weakest on a generally benign Corn Belt weather forecast. Soymeal was seeing a little bottom picking, settling $2.50 to $4.40 per ton higher but also more than $6 below the highs of the day.  Soy Oil settled close to where it was at midday, down 47 to 49 points. 

Trade estimates for US soybean export sales in the week ending May 30 are running 175,000 to 600,000 MT for old crop, with new crop expected to see no more than 200,000 MT.  Meal ideas are running 100,000 to 350,000 MT, with negligible 2024/25 business. Soy oil ideas are running anywhere from net negative 5,000 tonnes to a positive 12,000 MT. USDA will release their weekly numbers in the morning. 

Jul 24 Soybeans  closed at $11.77 1/4, down 1 3/4 cents,

Nearby Cash  was $11.20 7/8, down 1 5/8 cents,

Aug 24 Soybeans  closed at $11.74 1/4, down 3 1/4 cents,

Nov 24 Soybeans  closed at $11.50 1/2, down 5 1... 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
02/28/13
Expiration Date
03/14/13 (expired)

Seasonal Chart

Soybean Oil Mar '13
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of May 28, 2024

View Chart Details
Commercials - Long / Short
300,740 (+10,655)
279,476 (+20,229)
Non-Commercials - Long / Short
112,590 (+2,910)
140,854 (-5,104)
Producers - Long / Short
151,766 (+5,500)
259,616 (+17,528)
Swap Dealers - Long / Short
131,471 (+1,911)
2,357 (-543)
Managed Money - Long / Short
63,728 (+1,095)
103,628 (-3,621)
Other Reportables - Long / Short
48,862 (+1,815)
37,226 (-1,483)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
48.46 +1.30%
on 03/01/13
52.79 -7.01%
on 02/20/13
-2.61 (-5.05%)
since 02/14/13
3-Month
47.92 +2.44%
on 12/20/12
53.57 -8.36%
on 02/01/13
-1.33 (-2.64%)
since 12/14/12
52-Week
47.35 +3.67%
on 11/12/12
58.89 -16.64%
on 09/04/12
-6.87 (-12.28%)
since 03/14/12

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Soybeans Close Lower, Product Values Mixed

Soybeans avoided the lows of the day, but settled 1 ½ to 5 1/2 cents lower, with November the weakest on a generally benign Corn Belt weather forecast. Soymeal was seeing a little bottom picking, settling...

ZMN24 : 362.0 (+0.70%)
ZLN24 : 43.87 (+1.72%)
ZSN24 : 1182-4 (+0.45%)
ZSPAUS.CM : 11.1986 (-0.14%)
ZSQ24 : 1179-6 (+0.47%)
ZSX24 : 1157-6 (+0.63%)
ZSPX24US.CM : 10.8881 (-0.50%)
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ZWN24 : 646-6 (unch)
ZWU24 : 668-6 (+0.04%)
KEN24 : 678-4 (+0.33%)
KEU24 : 692-2 (+0.25%)
MWN24 : 714-4 (+0.28%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 49.09
1st Resistance Point 49.09
Last Price 49.09s
1st Support Level 49.09
2nd Support Level 49.09
3rd Support Level N/A

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52-Week High 58.89
Fibonacci 61.8% 54.48
Fibonacci 50% 53.12
Fibonacci 38.2% 51.76
Last Price 49.09s
52-Week Low 47.35

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