Soybean Oil Sep '22 (ZLU22)
Soybean Oil Futures Market News and Commentary
Soybeans are starting off Friday with 2 to 4 cent gains. Futures posted gains of ¼ to 4 cents on Thursday, led by the front months. Open interest suggested a rotation of ownership, up just 248 contracts. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.97 1/2. Soymeal futures were up $1 to $3.50 on the day. Front month May is up $6.30 this morning. Soy Oil futures were up 28 to 39 points on Thursday.Â
USDA released their monthly WASDE report Thursday morning showing a few changes in the demand projections, with a 35 mbu increase to crush. Exports were trimmed by 35 mbu to take the overall change in the carry out to 0 at 350 mbu. The cash average price was up a dime to $10.30.
South American output from the two main players was left unchanged, at 48 MMT for Argentina and 180 MMT for Brazil. World stocks were trimmed by 0.52 MMT to 124.79 MMT.Â
Export Sales data from Thursday morning had USDA tallying 295,403 MT of old crop bean business in th... Read more
Barchart 46 minutes ago
Wheat is starting off Friday with losses across the three markets. The wheat complex was weaker on Thursday, following an increased stocks number from...
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Soybeans are starting off Friday with 2 to 4 cent gains. Futures posted gains of ¼ to 4 cents on Thursday, led by the front months. Open interest suggested...
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Corn prices are trading with 1 to 2 ½ cent losses on Friday morning as traders look to round out the week. Futures saw losses on Thursday, with contracts...
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Soybeans posted gains of ¼ to 4 cents on Thursday, led by the front months. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.97...
Barchart Thu Apr 9, 3:59PM CDT
The wheat complex was weaker on Thursday, following an increased stocks number from USDA. Chicago SRW futures saw losses of 4 ¾ to 7 ¼ cents at the close....
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