Soybean Oil Mar '23 (ZLH23)
Soybean Oil Futures Market News and Commentary
Soybeans posted gains of ¼ to 4 cents on Thursday, led by the front months. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.97 1/2. Soymeal futures were up $1 to $3.50 on the day, with Soy Oil futures up 28 to 39 points on the day. Crude oil was back up $4.06 on Thursday.
USDA released their monthly WASDE report this morning showing a few changes in the demand projections, with a 35 mbu increase to crush. Exports were trimmed by 35 mbu to take the overall change in the carry out to 0 at 350 mbu. The cash average price was up a dime to $10.30.
South American output from the two main players was left unchanged, at 48 MMT for Argentina and 180 MMT for Brazil. World stocks were trimmed by 0.52 MMT to 124.79 MMT.Â
Export Sales data from this morning had USDA tallying 295,403 MT of old crop bean business in the week of 4/2. That was the second lowest total for the marketing year, but still 71.42% above the same week last year. China was the buyer... Read more
Barchart Thu Apr 9, 3:59PM CDT
The wheat complex was weaker on Thursday, following an increased stocks number from USDA. Chicago SRW futures saw losses of 4 ¾ to 7 ¼ cents at the close....
Barchart Thu Apr 9, 3:59PM CDT
Soybeans posted gains of ¼ to 4 cents on Thursday, led by the front months. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.97...
Barchart Thu Apr 9, 3:59PM CDT
Corn futures saw losses on Thursday, with contracts down 1 ½ to 3 ¼ cents. The CmdtyView national average Cash Corn price was down 3 cents at $4.05 1/2....
Barchart Thu Apr 9, 12:28PM CDT
Watch out for the "Supercalifragilisticexpialidocious" El Niño headed our way this year.
Barchart Thu Apr 9, 11:43AM CDT
Corn futures are trading with 3 to 5 cent losses at Thursday’s midday, as USDA showed increased world stocks. The CmdtyView national average Cash Corn...
Barchart Thu Apr 9, 11:43AM CDT
The wheat complex is slipping on Thursday, following an increased stocks number from USDA on Thursday. Chicago SRW futures are 9 to 11 cents in the red...
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Barchart Thu Apr 9, 3:59PM CDT
The wheat complex was weaker on Thursday, following an increased stocks number from USDA. Chicago SRW futures saw losses of 4 ¾ to 7 ¼ cents at the close....
