Soybean Oil May '26 (ZLK26)
Soybean Oil Futures Market News and Commentary
Soybeans are trading with fractional to 2 cent gains so far on Wednesday morning, but backing more than a nickel off the overnight highs. Futures closed Tuesday with contracts 1 to 4 cents lower, as July expired with a 5 ¼ cent gains at $12.07 ¼. Open interest was up 3,589 contracts on Tuesday, mainly in the new crop months. The cmdtyView national average Cash Bean price was down 3 3/4 cents $11.46. Soymeal futures saw late strength to close up 20 cents to $2.80, with Soy Oil futures 19 to 49 points lower. July futures expired for the complex at the close.
Crop Progress data from NASS showed 50% of the US soybean crop blooming by 7/12, up 6% from normal, with 19% setting pods and 6 percentage points faster than normal. Condition ratings were back up 1% at 65% gd/ex, with the Brugler500 index improving 2 to 367. Deterioration was noted in the I states, with IL down 5, as IN and IA was down 2, and MO down 3. There was some improvement in MN (+1), NE (+5) OH (+19) and ND (+1). Read more
Barchart · 37 minutes ago
The commodity complex was driven by the same story overnight, just another part of the world.
Barchart · 56 minutes ago
Corn prices are up 3 to 4 cents so far on Wednesday morning with spillover support from double digit gains in the wheat complex. Futures closed out the...
Barchart · 56 minutes ago
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Barchart · 56 minutes ago
Soybeans are trading with fractional to 2 cent gains so far on Wednesday morning, but backing more than a nickel off the overnight highs. Futures closed...
Blue Line Futures · Wed Jul 15, 5:50AM CDT
Grain markets have been trading very technical through the first half of the week, presenting abundant opportunities for shorter term traders.
Walsh Trading · Tue Jul 14, 7:32PM CDT
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. In its monthly Situation and...
Barchart · 27 minutes ago
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Barchart · 30 minutes ago
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Barchart · 33 minutes ago
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Barchart · 34 minutes ago
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Barchart · 52 minutes ago
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Barchart · 52 minutes ago
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