Soybean Oil Dec '26 (ZLZ26)
Soybean Oil Futures Market News and Commentary
Soybeans posted 6 to 17 ¼ cent gains on Wednesday despite a neutral to slightly bearish USDA report. The cmdtyView national average Cash Bean price was up 14 3/4 cents at $11.41. Soymeal futures were $1.30 to 3.50 higher on the day, with Soy Oil up 15 to 64 points.
Crop Production data from NASS this morning showed soybean yield for 2026 estimated at 52.7 bpa. Acreage was raised by 1.4 to 86.8 million acres on the planted side, with harvested acres tallied at 85.8 million acres. That took production to 4.519 bbu, which is 44 mbu larger compared to the WASDE projection from July. FSA data showed prevent plant acres at 525,377 acres for this spring.
Monthly WASDE data showed old crop ending stocks at 325 mbu, which was 5 mbu below last month on an increase to crush. Projected ending stocks for 2026/27 are seen at 320 mbu, up 10 mbu compared to the July number on the increased production. On the world side, ending stocks for 2026/27 were seen at 124.21 MMT, up just 0.04 MM... Read more
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