Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
or
Menu

Soybean Oil Dec '18 (ZLZ18)

Get Real-Time Futures
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [CBOT]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Soybean Oil Futures Market News and Commentary

Soybean Market News and Commentary

Soybean futures are fractionally higher this morning. They ended the Wednesday session with most contracts 2 to 3 cents higher. Meal futures were up 80 cents/ton, with soy oil 3 points higher. Strong Board profitability for hogs is supporting meal. Analysts are expecting 18/19 soybean export bookings of 0.6-1.6 MMT for the week of 3/14 in Thursday’s USDA Export Sales report. New crop sales are estimated at 0-150,000 MT. Soybean meal sales are seen at 150,000-400,000 MT, with soy oil at 8,000-30,000 MT. Brazil’s Ag Minister says she expects to head to China later this Spring to strengthen soybean trade. --provided by Brugler Marketing & Management
Spring Wheat Basis: 'S'-Now Big Deal

If you’re keeping up to date on my basis postings, you’ll recall my most recent piece on soybeans (“Soybean Basis: The Weight of Futures”) talked about the often-inverse relationship between futures and basis. In other words, if the futures market posts a strong rally, grain merchandisers will often soften basis a bit on the idea that futures will do a good enough job of sourcing enough supplies to meet demand. Last week saw national average soybean basis firm, slightly, despite solid gains in futures, until Friday.Spring wheat was different, though. Here we saw the national average basis (cmdty National Hard Red Spring Wheat Index minus futures) actually weaken as the futures market firmed late in the week. To be exact, the May Minneapolis futures contract gained 5 1/2 cents, paltry indeed compared to the rest of the grain and oilseed complex, while national average basis weakened 1 1/4 cents from the previous to finish at 53 1/4 cents under the May. When one considers much of the U.S. Northern Plains remains buried by feet of snow, in mid-March, it seems counter-intuitive that spring wheat basis should be weakening.Until you factor in where bushels are being held. Most of the wheat in the U.S. winds up in commercial storage, where ownership is more easily transferred from seller to buyer. Therefore, if one doesn’t have to wait for the snow to melt before pulling grain out of an on-farm bin, it creates a situation where winter (into spring) weather doesn’t create a similar search for supplies like what has been seen in corn and soybeans. Darin NewsomPresidentDarin Newsom Analysis Inc.

Contract Specifications

See More
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
$539/490
First Notice Date
11/30/18
Expiration Date
12/14/18 (expired)

Seasonal Chart

Soybean Oil Dec '18
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Mar 12, 2019

View Chart Details
Commercials - Long / Short
191,034 (-9,815)
242,913 (-7,359)
Non-Commercials - Long / Short
124,325 (+6,240)
77,344 (+2,547)
Producers - Long / Short
80,035 (-7,575)
229,848 (-6,159)
Swap Dealers - Long / Short
102,522 (+122)
4,588 (+1,162)
Managed Money - Long / Short
76,082 (+2,420)
57,577 (+3,835)
Other Reportables - Long / Short
48,243 (+3,820)
19,767 (-1,288)
Get Realtime - Quotes and Charts for Futures Traders. Learn More

Price Performance

See More
Period Period Low Period High Performance
1-Month
26.95 +5.34%
on 11/27/18
28.90 -1.76%
on 12/12/18
+0.82 (+2.97%)
since 11/14/18
3-Month
26.95 +5.34%
on 11/27/18
30.01 -5.40%
on 10/04/18
+0.63 (+2.27%)
since 09/14/18
52-Week
26.95 +5.34%
on 11/27/18
34.16 -16.89%
on 01/05/18
-4.97 (-14.90%)
since 12/14/17

More Soybean Oil Quotes

All Futures
Please wait...

Most Recent Stories

More News
The Beef Packer Chase Likely Begins This Week

Theres no cash steer trade to report. We suspect packers are going to have to chase and the chase starts this week.

Live Cattle June '19

Superior Technical Analysis - Not to Be Missed !

Daily Grain Technicals & Fundamentals

What to look for in the grain trade

Daily Grain Technicals & Fundamentals

What to look for in the grain trade

Soybean Market News and Commentary

Soybean futures are fractionally higher this morning. They ended the Wednesday session with most contracts 2 to 3 cents higher. Meal futures were up 80 cents/ton, with soy oil 3 points higher. Strong Board...

Wheat Market News and Commentary

Wheat futures are trading 1 to 3 cents lower across the three markets this morning. They posted 4 to 8 1/4 cent gains in most contracts on Wednesday. Short covering was noted in Chicago, with preliminary...

Corn Market News and Commentary

Corn futures are currently 1 to 1 3/4 higher after fractional gains in most contracts on Wednesday. Corn in flooded grain bins is considered contaminated and cannot be sold commercially. NASS is unlikely...

Still Damp

Slightly Cooler/Wetter

NOAA & Export Sales Could Steal the Show

NOAA, Export Sales Could Steal the Show

Weekly Export Sales

The USDA will release the weekly export sales at 7:30 am today.

Barchart Technical Opinion

The Barchart Opinion rating is a Hold. Short term, the outlook is Falling.

See More Share

Key Turning Points

2nd Resistance Point 28.39
1st Resistance Point 28.39
Last Price 28.39s
1st Support Level 28.39
2nd Support Level 28.39

See More

52-Week High 34.16
Fibonacci 61.8% 31.41
Fibonacci 50% 30.56
Fibonacci 38.2% 29.70
Last Price 28.39s
52-Week Low 26.95

See More

InsideFutures Commentary

InsideFutures is a twice weekly newsletter that features a selection of the latest and best commodities commentary appearing on Barchart.com. Delivered every Wednesday and Friday morning to your inbox.

Add Data Columns to this Table
Learn about our Custom Views
Want to use this as
your default charts setting?
Learn about our Custom Templates
Switch the Market flag
above for targeted data.
Open the menu and switch the
Market flag for targeted data.
Get Streaming Chart Updates
Switch your Site Preferences
to Interactive Chart
Read About Upcoming
Changes to This Feature
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar