Soybean Oil Micro Jul '26 (BON26)
Soybean Oil Micro Futures Market News and Commentary
Soybeans were back to higher trade on Friday, with contracts 10 to 17 ¼ cents in the green at the close. July was 4 ¾ cents higher on the week, with November up 6 ¾ cents. The cmdtyView national average Cash Bean price was up 15 3/4 cents at $11.40 1/2. Soymeal futures was up 80 cents to $2.50, with July up 40 cents on the week.  Soy Oil futures were 17 to 45 points higher on Friday, with July slipping 84 points this week.
Commitment of Traders data indicated managed money increasing their net long position in soybean futures and options as of 5/5 by 36,335 contracts, taking it to 221,617 contracts. Specs in bean oil futures and options extended their record net long position by 3,417 contracts to 169,142 contracts.Â
Export Sales data from Thursday had soybean sale commitments at 38.92 MMT, down 18% from last year. That is 93% of the USDA full-year projection and lags the 5-year average pace at 98%. Shipments are at 33.24 MMT, which is 23% below last year. That is 79% of... Read more
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