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Soybean Oil Jan '24 (ZLF24)

47.75s -0.62 (-1.28%) 01/12/24 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, Jan 12th, 2024
Day Low
47.75
Day High
47.75
Open 0.00
Previous Close 48.37 48.37
Volume 19 19
Open Interest 10 10
Stochastic %K 42.67% 42.67%
Weighted Alpha -22.25 -22.25
5-Day Change +0.58 (+1.23%) +0.58 (+1.23%)
52-Week Range 44.51 - 65.09 44.51 - 65.09
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Soybean Oil Futures Market News and Commentary

Soybeans Pushing Higher Early on Wednesday

Soybeans are trading with gains of 9 to 10 cents so far on Wednesday. Futures slipped lower at midday, with contracts closing 5 to 6 cents in the red on Tuesday. Tuesdays preliminary open interest was up 5,374 contracts. The cmdtyView national average Cash Bean price was down 4 3/4 cents at $9.56 1/4. Soymeal futures were down $2.20 to $2.70/ton, as Soy Oil was 30 to 43 points higher. President Trump announced a preliminary trade deal with Indonesia on Tuesday, reportedly including commitments to purchase $4.5 billion in ag products.

Crop Progress rating improvement came in IL (+15), with MO (+10), ND (6), MN (+5), and IA (+1) all seeing stronger ratings. Conditions in MI were down 7, with SD slipping 3 and NE 1 point lower. 

NOPA from Tuesday morning showed a total of 185.7 mbu of soybeans crushed in June, above trade estimates. That was down 3.69% from May, but up 5.76% from last year and a June record. Soybean oil stocks were tallied at 1.366 billion lbs. 

July... 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
$2,310/2,100
First Notice Date
12/29/23
Expiration Date
01/12/24 (expired)

Seasonal Chart

Soybean Oil Jan '24
Average Price Chart for 5 Prior Jan Contracts

Commitment of Traders Positions as of Jul 8, 2025

View Chart Details
Commercials - Long / Short
278,498 (-4,732)
347,248 (-5,226)
Non-Commercials - Long / Short
130,394 (+82)
71,232 (-1,354)
Producers - Long / Short
151,859 (-3,612)
319,895 (-4,301)
Swap Dealers - Long / Short
108,550 (-635)
9,264 (-440)
Managed Money - Long / Short
83,071 (-159)
45,848 (+1,744)
Other Reportables - Long / Short
47,323 (+241)
25,384 (-3,098)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
46.18 +3.40%
on 01/08/24
Period Open: 50.42
51.64 -7.53%
on 12/20/23
-2.67 (-5.30%)
since 12/12/23
3-Month
46.18 +3.40%
on 01/08/24
Period Open: 52.76
55.41 -13.82%
on 10/16/23
-5.01 (-9.50%)
since 10/12/23
52-Week
44.51 +7.28%
on 05/31/23
Period Open: 60.66
65.09 -26.64%
on 07/24/23
-12.91 (-21.28%)
since 01/12/23

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Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 47.75
2nd Resistance Point 47.75
1st Resistance Point 47.75
Last Price 47.75s
1st Support Level 47.75
2nd Support Level 47.75
3rd Support Level 47.75

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52-Week High 65.09
Fibonacci 61.8% 57.23
Fibonacci 50% 54.80
Fibonacci 38.2% 52.37
Last Price 47.75s
52-Week Low 44.51

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