Soybean Oil Aug '25 (ZLQ25)
Soybean Oil Futures Market News and Commentary
Soybeans are trading with 8 to 11 cents higher in the nearbys early on Wednesday, with November up 3 cents. Futures found late session strength to post 2 to 9 ¾ cent gains, as nearby July was up 14 ½ cents. Open interest was up 19,506 contracts on Tuesday, implying new buying interest. The cmdtyView national average Cash Bean price was up 10 1/4 cents at $11.46. Soymeal futures were $2.30 to $3.40 higher across most contracts, with Soy Oil futures 32 to 83 points higher.Â
USDA reported a private export sale of 105,000 MT of soybean meal to Colombia for the current marketing year this morning.
Crop Progress data from NASS showed 34% of the US soybean crop blooming by 7/5, up 6% from normal, with 9% setting pods and 3 percentage points faster than normal. Condition ratings were down 1% at 64% gd/ex, with the Brugler500 index steady at 365. Deterioration was seen in ND (-9), OH (-8), IN (-1) and other fringe states, with improvement in MO (+7), SD (+6), MN (+4), IL (+3), an... Read more
Barchart · Wed Jul 8, 7:34AM CDT
Soybeans are trading with 8 to 11 cents higher in the nearbys early on Wednesday, with November up 3 cents. Futures found late session strength to post...
Barchart · Wed Jul 8, 7:34AM CDT
Corn price action is steady so far on Wednesday morning. Futures extended the rally to Tuesday, with contracts closing 3 ½ to 6 ¾ cents higher, as July...
Barchart · Wed Jul 8, 7:34AM CDT
Wheat is showing 3 to 5 cent gains so far on Wednesday morning. The wheat complex found late session strength on Tuesday. Chicago SRW contracts were 3...
Blue Line Futures · Wed Jul 8, 6:05AM CDT
Turn around Tuesday turned into Follow Through Tuesday with corn, soybeans, and wheat shrugging off early weakness and finishing higher on Tuesday. How...
Walsh Trading · Tue Jul 7, 8:03PM CDT
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. The wheat market today showed...
Barchart · Tue Jul 7, 5:02PM CDT
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