Soybean Oil Mar '25 (ZLH25)
Soybean Oil Futures Market News and Commentary
Soybeans closed mixed on Tuesday, with front months steady to 1 ½ cents higher and deferreds up 1 to down 1 ¼ cents. The cmdtyView national average Cash Bean price was up 1 1/2 cents at $10.66 ¾. Soymeal futures were up $2.10 to $3.10 in the nearbys, with Soy Oil futures back down 32 to 56 points.Â
Crop Progress data from NASS showed 93% of the US soybean crop emerged by 6/21, up 3% from normal, with 9% blooming and 3 percentage points faster than normal. Condition ratings were steady at 66% gd/ex, with the Brugler500 index up 1 point to 369. Ratings dropped 2 points in IL, with IA down 7, MN slipping 6 points, MI losing 2, ND down 8, and SD losing 3 points. Improvement was noted in IN up 20, with NE 12 points higher, OH up 4 points, with a few other fringe states seeing improved ratings.
On Monday, President Trump indicated unfrozen Iranian funds will be used to buy US ag products, including soybeans. Iranian soybean imports in 2025/26 were 2.15 MMT, and have ranged fro... Read more
Walsh Trading · Tue Jun 23, 9:11PM CDT
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Due to very favorable growing...
Barchart · Tue Jun 23, 4:20PM CDT
The wheat complex was pressure across the three markets on Tuesday, with spring wheat leading the bears. Chicago SRW contracts were 8 1/4 to 10 3/4 cents...
Barchart · Tue Jun 23, 4:20PM CDT
Corn futures were mixed on Tuesday, with nearbys through September 2027 down 1 to 2 ¼ cents lower and deferreds fractionally to 2 ¼ cents higher. The...
Barchart · Tue Jun 23, 4:20PM CDT
Soybeans closed mixed on Tuesday, with front months steady to 1 ½ cents higher and deferreds up 1 to down 1 ¼ cents. The cmdtyView national average Cash...
Blue Line Futures · Tue Jun 23, 3:50PM CDT
Corn, soybeans, and wheat appear to be stuck in a rut as traders anxiously await next week's acreage report.
Swift Trading Company · Tue Jun 23, 3:34PM CDT
Traders continue to be picky as to when, and by how much, they converge basis on any given day.
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Barchart · Tue Jun 23, 4:20PM CDT
The wheat complex was pressure across the three markets on Tuesday, with spring wheat leading the bears. Chicago SRW contracts were 8 1/4 to 10 3/4 cents...
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