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Soybean Oil Dec '21 (ZLZ21)

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Soybean Oil Futures Market News and Commentary

Soybeans Weaken ahead of Weekend

Front month soy futures ended the Friday session with losses of 19 1/2 cents to 28 1/2 cents. November soybeans only had one red candle, but traded with a 55 1/2 cent range and a net loss of 2 1/2 cents from Friday to Friday. Soymeal prices were also red going into the weekend ending the session $3.90 to $5.40/ton weaker. BO futures were down by triple digits for most of the session and went home with 111 to 180 point losses. Friday was FND, with 6 meal contracts put out, 1 soy oil contract and no beans. The oldest dated August soybean long is 12/17.  

Analysts surveyed ahead of the USDA Fats and Oils report expect June’s soy crush at 162.1 mbu. NOPA members reported a 2-yr low 152.4 mbu crush in June. Soybean oil stocks are estimated between 1.97 and 2.015 for a 1.994 b lb average. 

The CoT report with data as of 7/27 showed soybean spec traders trimming their net long as long liquidation outweighed the short covering. The lighter managed money OI left the group 1,823 c... 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
$3,410/3,100
First Notice Date
11/30/21 (121 days)
Expiration Date
12/14/21 (135 days)

Seasonal Chart

Soybean Oil Dec '21
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Jul 27, 2021

View Chart Details
Commercials - Long / Short
224,884 (-13,652)
292,177 (-21,413)
Non-Commercials - Long / Short
97,317 (-145)
35,423 (+2,827)
Producers - Long / Short
107,168 (-11,121)
272,108 (-18,591)
Swap Dealers - Long / Short
104,244 (+1,045)
6,597 (+754)
Managed Money - Long / Short
80,626 (+4,511)
19,095 (+87)
Other Reportables - Long / Short
16,691 (-4,656)
16,328 (+2,740)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
58.03 +8.63%
on 07/07/21
66.34 -4.97%
on 07/19/21
+0.28 (+0.45%)
since 06/30/21
3-Month
51.98 +21.28%
on 06/18/21
67.06 -5.99%
on 06/08/21
+11.01 (+21.16%)
since 04/30/21
52-Week
30.34 +107.78%
on 08/10/20
67.06 -5.99%
on 06/08/21
+32.55 (+106.76%)
since 07/30/20

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Most Recent Stories

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Wheat Fades for Mixed Friday

Winter wheat futures faded during the afternoon session to close firm on Friday. CBT prices ended the session mostly lower but within 1 1/2 cents of UNCH. KC HRW wheat also closed mostly lower within 1...

ZWU21 : 703-6s (-0.21%)
ZWPAES.CM : 6.6504 (-0.38%)
KEU21 : 673-2s (-0.19%)
KEPAWS.CM : 6.6124 (+0.28%)
MWU21 : 904-6s (-1.50%)
Corn Futures Closed Double Digits Weaker

Going into the weekend, front month corn futures had given back 7 1/2 to 11 1/4 cents. December contracts closed the week with 3 up days vs. 2 lower, a range of 28 1/2 cents, but only a net 2 1/4 cent...

ZCU21 : 547-0s (-1.97%)
ZCPAUS.CM : 6.2158 (-1.67%)
ZCZ21 : 545-2s (-2.02%)
ZCZ21 : 545-2s (-2.02%)
ZCPZ21US.CM : 5.2360 (-2.05%)
Soybeans Weaken ahead of Weekend

Front month soy futures ended the Friday session with losses of 19 1/2 cents to 28 1/2 cents. November soybeans only had one red candle, but traded with a 55 1/2 cent range and a net loss of 2 1/2 cents...

ZSQ21 : 1414-6s (-1.36%)
ZSPAUS.CM : 13.8735 (-1.96%)
ZSU21 : 1355-4s (-2.15%)
ZSX21 : 1349-2s (-2.07%)
ZSPX21US.CM : 13.0441 (-2.16%)
Top Farmer Closing Commentary 07-30-2021

TFM Cash+ Take the Stress Out of Your Marketing Strategy. No hedge account. No margin calls. Just comprehensive, common-sense guidance at a great value. Learn more: https://www.totalfarmmarketing.com/tfm-cash-plus/...

Shootin' the Bull

Finishing off the week at the low from which the week started is perceived as bearish.  The oscillator on the weekly continuation chart closed below last week's reading. 

Livestock Report

End of month weakness for livestock markets

Closing Comments: Friday, July 30th, 2021

Cooler temperatures, light rain, and technical selling pressured the grain markets throughout the day. As global supply issues continue to be of concern, the wheat market spent today’s session bouncing...

Corn Prices Trading Lower through Midday

Front month corn prices are trading red ahead of the weekend. Prices are down 4 3/4 to 7 1/4 cents so far. NOAA’s updated 7-day QPF shows accumulation for Southern IA and MO accumulating to a pocket...

ZCU21 : 547-0s (-1.97%)
ZCPAUS.CM : 6.2158 (-1.67%)
ZCZ21 : 545-2s (-2.02%)
ZCZ21 : 545-2s (-2.02%)
ZCPZ21US.CM : 5.2360 (-2.05%)
Soybeans Down Double Digits

Soybean futures are trading with double digit losses of as much as 27 3/4 cents so far through Friday’s midday. Soymeal futures are also weaker at midday, with futures 0.76% to 0.93% lower. Front month...

ZSQ21 : 1414-6s (-1.36%)
ZSPAUS.CM : 13.8735 (-1.96%)
ZSU21 : 1355-4s (-2.15%)
ZSX21 : 1349-2s (-2.07%)
ZSPX21US.CM : 13.0441 (-2.16%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 66.86
2nd Resistance Point 65.90
1st Resistance Point 64.47
Last Price 63.04s
1st Support Level 62.08
2nd Support Level 61.12
3rd Support Level 59.69

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52-Week High 67.06
Last Price 63.04s
Fibonacci 61.8% 53.03
Fibonacci 50% 48.70
Fibonacci 38.2% 44.37
52-Week Low 30.34

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