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Soybean Oil May '23 (ZLK23)

49.89s -1.02 (-2.00%) 05/12/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, May 12th, 2023
Day Low
49.89
Day High
49.89
Open 0.00
Previous Close 50.91 50.91
Volume 245 245
Open Interest 295 295
Relative Strength 34.33% 34.33%
Weighted Alpha -33.06 -33.06
5-Day Change -4.20 (-7.76%) -4.20 (-7.76%)
52-Week Range 49.89 - 76.73 49.89 - 76.73
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Soybean Oil Futures Market News and Commentary

Soybeans Rallying Back on Friday

Soybeans are up 13 to 14 cents so far on Friday, as bulls take back what they lost on Thursday. The cmdtyView national average Cash Bean price is up 13 1/4 cents at $9.78 1/2. Soymeal futures are back steady to a dime higher on the day, with Soy Oil futures back up 106 points. There were 196, deliveries for August meal on Thursday, with the monthly total at 4,044 contracts. There were 7 deliveries issued for August meal.

Precip is limited over the next week for much of the Corn Belt, with exception to the central-eastern portion of the Dakotas, MN, northern IA, WI, MI and the extreme northern portion of the ECB. 

Export Sales data showed has full year sales commitments at 51.115 MMT, which matches the USDA estimate and is behind the average sales pace of 103%. . New crop business is ow at 4.712 MMT which is 19.7% below last year and the lowest since 19/20, as Chinese buying has remained quiet.

NOPA’s crush report from this morning showed a record 195.7 mbu of soybe... 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
04/28/23
Expiration Date
05/12/23 (expired)

Seasonal Chart

Soybean Oil May '23
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Aug 5, 2025

View Chart Details
Commercials - Long / Short
269,368 (-6,170)
355,386 (-23,611)
Non-Commercials - Long / Short
145,207 (-8,663)
70,261 (+3,447)
Producers - Long / Short
142,726 (-6,394)
324,762 (-24,309)
Swap Dealers - Long / Short
111,419 (-11)
15,401 (+463)
Managed Money - Long / Short
97,551 (-6,979)
43,837 (+1,415)
Other Reportables - Long / Short
47,656 (-1,684)
26,424 (+2,032)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
49.89 unch
on 05/12/23
Period Open: 54.00
56.06 -11.01%
on 04/19/23
-4.11 (-7.61%)
since 04/12/23
3-Month
49.89 unch
on 05/12/23
Period Open: 60.66
63.83 -21.84%
on 02/22/23
-10.77 (-17.75%)
since 02/10/23
52-Week
49.89 unch
on 05/12/23
Period Open: 71.68
76.73 -34.98%
on 06/08/22
-21.79 (-30.40%)
since 05/12/22

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 49.89
2nd Resistance Point 49.89
1st Resistance Point 49.89
Last Price 49.89s
1st Support Level 49.89
2nd Support Level 49.89
3rd Support Level 49.89

See More

52-Week High 76.73
Fibonacci 61.8% 66.48
Fibonacci 50% 63.31
Fibonacci 38.2% 60.14
Last Price 49.89s
52-Week Low 49.89

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