Soybean Oil Sep '13 (ZLU13)
Soybean Oil Futures Market News and Commentary
Soybeans are showing fractionally mixed trade so far on Tuesday morning. Futures saw lower trade for much of Monday, with contracts fractionally to 5 ¾ cents in the red. Open interest was down 7,185 contracts, with July down 20,120 contracts. The cmdtyView national average Cash Bean price was down 5 3/4 cents at $10.57 1/2. Soymeal futures were down 20 cents to $5.80 in the front months, with Soy Oil futures 44 points higher to 24 points lower.
A private export sale of 264,000 MT of soybeans was reported to unknown destinations by the USDA on Monday morning, all for 2026/27.
The weekly Crop Progress report from NASS showed 92% of the US soybean crop planted by 6/7, up 4% from normal, with 79% emerged and 8 percentage points faster than normal. Condition ratings were down 1% to 65% gd/ex, with the Brugler500 index down 2 points to 367.
USDA’s FGIS tallied soybean export shipments at 398,186 MT (14.63 mbu) during the week ending on June 4. That was down 21.2% from th... Read more
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