Soybean Oil May '22 (ZLK22)
Soybean Oil Futures Market News and Commentary
Soybeans are trading with 4 to 5 cent gains so far on Monday AM trade. Futures posted gains of 5 ½ to 11 ¾ cents across most contracts on Friday, with September up 18 ¾ cents on the week. November was up 16 ¼ cents. Open interest was down 453 contracts on Friday, suggesting a rotation of ownership. The cmdtyView national average Cash Bean price was up 10 3/4 cents at $11.50. Soymeal futures closed the session with contracts up a dime to $2.80, with September up $1.30 last week. Soy Oil were 9 to 65 points higher, with September 120 in the green for the week. There were 120 deliveries against August beans on Friday, with 12 for bean meal and 1 for soy oil. They expired on Friday.
USDA reported a private export sale of 136,000 MT of soybeans to China on Friday morning for 2026/27 shipment. That took the total sales announced for last week to 641,000 MT all to China.
Commitment of Traders data from CFTC showed managed money cutting back 24,104 contracts from their net lon... Read more
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