Soybean Oil May '23 (ZLK23)
Soybean Oil Futures Market News and Commentary
Soybeans closed with front month losses of ½ to 5 ½ cents, as back months were 1 ½ to 4 ¼ cents lower. August managed to hold on for just a tick loss this week, with November down 8 ½ cents. The cmdtyView national average Cash Bean price was up 3 1/4 cents at $10.89 1/2. Soymeal futures were $1.10 higher to 40 cents lower on the day, as August was up $1.30 this week, with Soy Oil futures mixed from 10 points higher to 14 points lower, as August was down 305 points this week. The market will observe the July 4th Independence Day Holiday on Friday, for a 3-day weekend. Sunday night will have a normal open.
USDA released their weekly Export Sales report this morning showing just 41,786 MT of old crop bean sales in the week of 6/25. That was a marketing year low for the 2025/26 marketing year. China was the buyer of 65,400 MT, with 68,000 switched from unknown destinations. New crop sales were just 182,533 MT. That was a 3-week low but still 16.89% above the same week last year. M... Read more
Barchart · Thu Jul 2, 5:37PM CDT
Soybeans closed with front month losses of ½ to 5 ½ cents, as back months were 1 ½ to 4 ¼ cents lower. August managed to hold on for just a tick loss...
Barchart · Thu Jul 2, 5:37PM CDT
Corn futures were mixed on Thursday, with front months ¼ to 4 cents higher and deferreds down as much as 2 3/4 cents. September was up just 1 ¼ on the...
Barchart · Thu Jul 2, 5:37PM CDT
The wheat complex saw mixed trade on Thursday, with the HRW market holding up. Chicago SRW contracts saw fractional to 1 ½ cent losses on Thursday, as...
Swift Trading Company · Thu Jul 2, 2:12PM CDT
In my opinion, the first half of this year's higher trading is no Aesop's fable of "The boy who cried Wolf".
Barchart · 35 minutes ago
Phillips 66 is expected to release its fiscal Q2 earnings next month, and analysts project significant EPS growth.
Barchart · Sat Jul 4, 2:17AM CDT
Nucor is expected to release its fiscal Q2 earnings later this month, and analysts project solid EPS growth.
Barchart · Fri Jul 3, 6:00PM CDT
Cisco is up 46% in 2026 while Oracle has slid 25%, and Wall Street sees up to 185% upside for one of them. Here's how the two tech giants compare on value,...
Barchart · Fri Jul 3, 2:30PM CDT
Applied Materials' stock has surged to fresh all-time highs after record earnings and a new Street-high $900 price target, highlighting growing confidence...
Barchart · Fri Jul 3, 12:43PM CDT
Baker Hughes is poised to release its second-quarter results later this month, with analysts expecting a double-digit decrease in earnings.
Barchart · Fri Jul 3, 12:30PM CDT
OpenAI and Anthropic appear uniquely positioned to become the market's next blockbuster listings.
Barchart · Fri Jul 3, 12:30PM CDT
These five unusually active July 10 out-of-the-money calls are priced below $0.20. Stellantis offers the highest probability of profit at 26.23%, while...
Barchart · Fri Jul 3, 12:13PM CDT
Universal Health Services will report its Q2 results soon. Here’s what analysts expect out of it…