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Soybean Oil Dec '23 (ZLZ23)

49.28s -0.54 (-1.08%) 12/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Thu, Dec 14th, 2023
Day Low
49.28
Day High
49.28
Open 0.00
Previous Close 49.82 49.82
Volume 100 100
Open Interest 185 185
Relative Strength 40.39% 40.39%
Weighted Alpha -19.86 -19.86
5-Day Change -1.83 (-3.58%) -1.83 (-3.58%)
52-Week Range 44.47 - 65.58 44.47 - 65.58
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Soybean Oil Futures Market News and Commentary

Soybeans Close with Slight Gains on Wednesday

Soybeans slipped back off the midday gains, to close Wednesday with gains limited to 1 to 2 ¼ cents. The cmdtyView national average Cash Bean price was up 1 3/4 cents at $9.69 1/4. Soymeal futures were up another $0.80 to $4.60 across the board, with Soy Oil futures down 10 to 48 points on the day. 

The NOAA 7-day QPF map calls for dryness in much of the east, with less than ¼ inch expected for the ECB. Totals nearing ½ inch are seen in parts of the WCB. 

Export Sales estimates are looking for between net reductions of 300,000 MT to sales of 300,000 MT for old crop bean business in the week ending on August 14. New crop sales are expected to land between 0.4 and 1 MMT. Soybean meal sales are estimated at net reduction of 50,000 MT to sales of 450,000 MT, with bean oil seen between net cancellations of 10,000 and 15,000 MT in sales.

The second day of the ProFarmer Crop Tour finished off data in Nebraska, with soybean pod counts averaging 1,348.31, which was 15% abov... 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
$2,310/2,100
First Notice Date
11/30/23
Expiration Date
12/14/23 (expired)

Seasonal Chart

Soybean Oil Dec '23
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Aug 12, 2025

View Chart Details
Commercials - Long / Short
276,377 (+7,009)
353,452 (-1,934)
Non-Commercials - Long / Short
139,219 (-5,988)
73,150 (+2,889)
Producers - Long / Short
146,876 (+4,150)
326,403 (+1,641)
Swap Dealers - Long / Short
113,043 (+1,624)
10,591 (-4,810)
Managed Money - Long / Short
87,220 (-10,331)
42,230 (-1,607)
Other Reportables - Long / Short
51,999 (+4,343)
30,920 (+4,496)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
49.23 +0.10%
on 12/06/23
Period Open: 52.75
54.54 -9.64%
on 11/22/23
-3.47 (-6.58%)
since 11/14/23
3-Month
48.79 +1.00%
on 11/03/23
Period Open: 61.72
62.49 -21.14%
on 09/15/23
-12.44 (-20.16%)
since 09/14/23
52-Week
44.47 +10.82%
on 05/31/23
Period Open: 60.38
65.58 -24.86%
on 07/24/23
-11.10 (-18.38%)
since 12/14/22

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Soybeans Close with Slight Gains on Wednesday

Soybeans slipped back off the midday gains, to close Wednesday with gains limited to 1 to 2 ¼ cents. The cmdtyView national average Cash Bean price was up 1 3/4 cents at $9.69 1/4. Soymeal futures were...

ZSPAUS.CM : 9.6829 (+0.13%)
ZLZ25 : 51.45s (-0.69%)
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Corn Holds Gains into the Wednesday Close

Corn futures slipped off the intraday highs on Wednesday, still closing with fraction to 2 cent gains across the front months. The CmdtyView national average Cash Corn price was up 1/2 cent at $3.62. USDA...

ZCZ25 : 404-0s (+0.19%)
ZCZ25 : 404-0s (+0.19%)
ZCU25 : 380-0s (+0.13%)
ZCPZ25US.CM : 3.7195 (+0.25%)
ZCPAUS.CM : 3.6203 (+0.13%)
Shootin' the Bull about competition reaching new tier levels

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Pro Farmer Crop Tour is back for Day 3 and Variability is the Theme on Day

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Soybeans Following Meal Higher on Wednesday

Soybeans are showing some midday gains as meal pushes higher, with bean futures up 4 to 5 cents. The cmdtyView national average Cash Bean price is up 4 cents at $9.71 1/4. Soymeal futures are up another...

ZSPAUS.CM : 9.6829 (+0.13%)
ZLZ25 : 51.45s (-0.69%)
ZMZ25 : 297.2s (+0.44%)
ZSX25 : 1036-0s (+0.22%)
ZSU25 : 1015-0s (+0.20%)
ZSX25 : 1036-0s (+0.22%)
ZSPX25US.CM : 9.6335 (+0.13%)
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Wheat Popping Higher at Midweek

The wheat complex is showing the bulls battle back across all three markets on Wednesday. CBT soft red wheat futures are 8 to 8 1/2 cents higher on the day. KC HRW futures are 4 cents higher across the...

KEZ25 : 523-2s (+0.29%)
KEU25 : 500-6s (+0.25%)
MWU25 : 5.7000s (+0.26%)
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Soybeans Leaking Lower Early on Wednesday

Soybeans are down 1 to 2 cents so far on Wednesday morning. Futures eased off the Tuesday lows, but still closed with 6 to 8 cent losses. The cmdtyView national average Cash Bean price was down 7 3/4 cents...

ZSPAUS.CM : 9.6829 (+0.13%)
ZLZ25 : 51.45s (-0.69%)
ZMZ25 : 297.2s (+0.44%)
ZSX25 : 1036-0s (+0.22%)
ZSU25 : 1015-0s (+0.20%)
ZSX25 : 1036-0s (+0.22%)
ZSPX25US.CM : 9.6335 (+0.13%)
Soybeans Losses Hold into Tuesday’s Close

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ZSPAUS.CM : 9.6829 (+0.13%)
ZLZ25 : 51.45s (-0.69%)
ZMZ25 : 297.2s (+0.44%)
ZSX25 : 1036-0s (+0.22%)
ZSU25 : 1015-0s (+0.20%)
ZSX25 : 1036-0s (+0.22%)
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Corn Posts Tuesday Losses as Crop Tour Pushes Along

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ZCU25 : 380-0s (+0.13%)
ZCPZ25US.CM : 3.7195 (+0.25%)
ZCPAUS.CM : 3.6203 (+0.13%)
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The wheat complex fell lower on Tuesday across all three markets. CBT soft red wheat futures were 3 to 4 1/4 cents lower on the day. KC HRW futures fell 6 to 7 cents. Both the September winter wheat contracts...

KEZ25 : 523-2s (+0.29%)
KEU25 : 500-6s (+0.25%)
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Wheat Holding Near $5 on Tuesday

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KEZ25 : 523-2s (+0.29%)
KEU25 : 500-6s (+0.25%)
MWU25 : 5.7000s (+0.26%)
ZWU25 : 505-4s (+1.40%)
ZWZ25 : 528-2s (+1.34%)
Soybeans Trading with Tuesday Losses

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ZSPAUS.CM : 9.6829 (+0.13%)
ZLZ25 : 51.45s (-0.69%)
ZMZ25 : 297.2s (+0.44%)
ZSX25 : 1036-0s (+0.22%)
ZSU25 : 1015-0s (+0.20%)
ZSX25 : 1036-0s (+0.22%)
ZSPX25US.CM : 9.6335 (+0.13%)
Corn Falling Back on Tuesday

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ZCZ25 : 404-0s (+0.19%)
ZCZ25 : 404-0s (+0.19%)
ZCU25 : 380-0s (+0.13%)
ZCPZ25US.CM : 3.7195 (+0.25%)
ZCPAUS.CM : 3.6203 (+0.13%)

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Strong Signal Strength.

Key Turning Points

3rd Resistance Point 49.28
2nd Resistance Point 49.28
1st Resistance Point 49.28
Last Price 49.28s
1st Support Level 49.28
2nd Support Level 49.28
3rd Support Level 49.28

See More

52-Week High 65.58
Fibonacci 61.8% 57.52
Fibonacci 50% 55.03
Fibonacci 38.2% 52.53
Last Price 49.28s
52-Week Low 44.47

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