Soybean Oil Pit Sep '18 (BOU18)
Soybean Oil (Pit) Futures Market News and Commentary
Soybeans are showing 3 to 5 cent losses on Thursday morning, pulling back from overnight strength, which saw November hit a new high for the move at $11.78. Futures rounded out the Wednesday trade with most contracts up 2 ¼ to 9 ¼ cents, led by the old crop contracts. Some back months were fractionally to 2 cents lower. The cmdtyView national average Cash Bean price was up 10 cents at $11.25. Soymeal futures were down 40 cents to $5.40, with Soy Oil futures up 87 to 193 points. There were no soybean or soybean meal delivery notices on first notice day, with 400 issued against May soybean oil.
The weekly Export Sales report from USDA will be out shortly, with traders looking for 2025/26 business at 200,000-600,000 MT during the week of April 23. New crop sales are seen at 0-50,000 MT. Soybean meal sales are seen at 150,000 to 400,000 MT, with bean oil seen between net cancellations of 10,000 MT to sales of 12,000 MT.
Planting progress should continue over the next week wi... Read more
Barchart · 5 minutes ago
Kevin Warsh's "Regime Change" isn't just about names; it's about dismantling 18 years of monetary philosophy. Prepare for a return to pre-2008 volatility...
Barchart · 6 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.39%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Klarenbach Research · 27 minutes ago
Technical analysis of Minneapolis spring wheat as it tests the 200-week MA. Explore key price targets and trends impacting Prairie grain marketing strategies....
Barchart · 29 minutes ago
July lean hog futures present a buying opportunity on more price strength.
Barchart · 33 minutes ago
The dollar index (DXY00 ) today fell to a 1-week low and is down by -0.67%. Today’s +2% rally in the yen is weighing on the dollar after Japanese Finance...
Barchart · 42 minutes ago
Broadcom’s long-term Meta deal signals strong demand, but investors face a premium entry point.
Barchart · 5 minutes ago
Kevin Warsh's "Regime Change" isn't just about names; it's about dismantling 18 years of monetary philosophy. Prepare for a return to pre-2008 volatility...
Barchart · 6 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.39%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · 29 minutes ago
July lean hog futures present a buying opportunity on more price strength.
Barchart · 32 minutes ago
The dollar index (DXY00 ) today fell to a 1-week low and is down by -0.67%. Today’s +2% rally in the yen is weighing on the dollar after Japanese Finance...
Barchart · 42 minutes ago
Broadcom’s long-term Meta deal signals strong demand, but investors face a premium entry point.
Barchart · 50 minutes ago
There's a critical disconnect between aggressive AI capital expenditures and the modest growth of global consumer purchasing power. While the first phase...
Barchart · 1 hour ago
Invitation Homes has considerably lagged the broader market over the past year, yet Wall Street analysts maintain a moderately optimistic outlook about...
Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
