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Soybean Oil Dec '21 (ZLZ21)

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Soybean Oil Futures Market News and Commentary

Beans Slide 20 on Thursday

At the close, soy futures were down 19 to 21 1/2 cents. The November to November spread was 1 1/2 cents firmer to now a 5 3/4 cent carry. cmdtyView data shows the ECB’s bean basis at 42 3/4 cents under Nov, compared to -39 cents at the start of the week, -47 at the start of the month, and -33 cents last year. WCB was seen at 44 cents under Nov. That is down for the week, but 3 cents firmer since the start of October. Last season’s 10/20 bean basis in the WCB was 63 1/2 cents under. 

Soymeal futures closed the day with losses of $3.70 to $4.40/ton. BO futures were down the sharpest giving back 2.79% to 3.3%, as a 212 point draw down in Dec left prices at 62.58 cents. Malaysian Palm Prices fell back more than 200 ringgits after setting new all time highs, and closed red at 5,209 ringgits. 

USDA reported soybean export sales at 2.88 MMT for the week that ended 10/14. That was above the range of estimates going in, a new MY high, and included 1.515 MMT of previously announce... 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
$2,750/2,500
First Notice Date
11/30/21 (40 days)
Expiration Date
12/14/21 (54 days)

Seasonal Chart

Soybean Oil Dec '21
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Oct 12, 2021

View Chart Details
Commercials - Long / Short
198,172 (+10,895)
282,974 (+8,472)
Non-Commercials - Long / Short
106,304 (+279)
31,006 (+2,817)
Producers - Long / Short
80,976 (+7,441)
266,685 (+8,262)
Swap Dealers - Long / Short
106,781 (+2,862)
5,874 (-382)
Managed Money - Long / Short
87,180 (+703)
14,326 (+2,325)
Other Reportables - Long / Short
19,124 (-424)
16,680 (+492)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
56.12 +10.82%
on 09/23/21
65.00 -4.32%
on 10/21/21
+5.84 (+10.36%)
since 09/22/21
3-Month
54.18 +14.78%
on 09/21/21
65.04 -4.38%
on 07/29/21
+0.23 (+0.37%)
since 07/22/21
52-Week
31.51 +97.37%
on 10/29/20
67.06 -7.26%
on 06/08/21
+29.72 (+91.53%)
since 10/22/20

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Most Recent Stories

More News
Wheats Drop Double Digits

The Thursday wheat market went home with some double digit losses. CBT futures ended with 5 1/2 to 8 cent losses. Kansas City prices were 11 to 12 1/4 cents in the red. Spring wheat prices closed 4 1/2...

ZWZ21 : 746-2 (+0.67%)
ZWPAES.CM : 6.9144 (-1.17%)
KEZ21 : 756-4 (+1.17%)
KEPAWS.CM : 7.2587 (-1.51%)
MWZ21 : 993-6 (+0.86%)
Corn Market Fades on Thursday

At the close for Thursday, front month corn futures had given back 4 1/4 to 7 cents. That left the December to December spread at a 2 1/4 cent premium for spot corn. The ECB basis was firm for Thursday...

ZCZ21 : 532-6 (unch)
ZCPAUS.CM : 5.1099 (-1.39%)
ZCH22 : 541-4 (unch)
ZCZ21 : 532-6 (unch)
Beans Slide 20 on Thursday

At the close, soy futures were down 19 to 21 1/2 cents. The November to November spread was 1 1/2 cents firmer to now a 5 3/4 cent carry. cmdtyView data shows the ECB’s bean basis at 42 3/4 cents under...

KOF22 : 4,897 (-1.43%)
ZSX21 : 1225-2 (+0.10%)
ZSPAUS.CM : 11.8060 (-1.84%)
ZSF22 : 1234-4 (+0.08%)
ZSX21 : 1225-2 (+0.10%)
Top Farmer Closing Commentary 10-21-21

TFM Cash+ Take the Stress Out of Your Marketing Strategy. No hedge account. No margin calls. Just comprehensive, common-sense guidance at a great value. Learn more: https://www.totalfarmmarketing.com/tfm-cash-plus/...

RFD-TV Interview: Grain and Livestock Markets

Corn and soybeans prepare for tomorrow's options expiration. Cattle futures look towards key technicals for continuation.

Shootin' the Bull

Just about every commodity market was down today.

Double Digit Draw Down for Soybeans

Front month beans are giving back 19 3/4 to 22 3/4 cents through midday. For November contracts that offsets Wednesday’s gains. Soymeal futures are also in the red, down by $5 to $6.30/ton. BO futures...

KOF22 : 4,897 (-1.43%)
ZSX21 : 1225-2 (+0.10%)
ZSPAUS.CM : 11.8060 (-1.84%)
ZSF22 : 1234-4 (+0.08%)
ZSX21 : 1225-2 (+0.10%)
Wheat Prices Working Lower

The Thursday wheat market is giving back some early week gains with pullbacks through midday. CBT futures are down 8 1/4 to 9 3/4 cents so far. HRW is trading 11 1/4 to 12 cents weaker. Spring wheat futures...

ZWZ21 : 746-2 (+0.67%)
ZWPAES.CM : 6.9144 (-1.17%)
KEZ21 : 756-4 (+1.17%)
KEPAWS.CM : 7.2587 (-1.51%)
MWZ21 : 993-6 (+0.86%)
Corn Prices Red for Thursday

Corn markets are pulling back on Thursday through midday. The board is 4 to 6 3/4 cents in the red. USDA announced a large private export sale to Mexico this morning, for 130k MT of corn. The weekly Export...

ZCZ21 : 532-6 (unch)
ZCPAUS.CM : 5.1099 (-1.39%)
ZCH22 : 541-4 (unch)
ZCZ21 : 532-6 (unch)
Top Farmer Midday Update 10-21-21

TFM Cash+ Take the Stress Out of Your Marketing Strategy. No hedge account. No margin calls. Just comprehensive, common-sense guidance at a great value. Learn more: https://www.totalfarmmarketing.com/tfm-cash-plus/...

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 66.84
2nd Resistance Point 65.92
1st Resistance Point 64.25
Last Price 62.04
1st Support Level 61.66
2nd Support Level 60.74
3rd Support Level 59.07

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52-Week High 67.06
Last Price 62.00
Fibonacci 61.8% 53.48
Fibonacci 50% 49.28
Fibonacci 38.2% 45.09
52-Week Low 31.51

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