Soybean Oil Dec '18 (ZLZ18)
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
| || |
-2.40 (-7.47%)since 05/25/18
| || |
-2.56 (-7.93%)since 03/23/18
| || |
-2.65 (-8.18%)since 06/23/17
More Soybean Oil QuotesAll Futures
Agricharts Market Commentary
Soybean futures are currently .9 to 11 cents lower after settling 14 to 14 3/4 cents higher in the front months on Friday. Preliminary open interest dropped 26,231 contracts on Friday, confirming some short covering rather than new buying interest. Nearby July lost 1.21% for the week after hitting a 9 1/2 year low for front month futures on Tuesday. Front month soy meal was up $7.30/ton on Friday, with soybean oil 2 points in the green. Brazilian buyers have slowed down purchases from the interior due to uncertainty about freight costs to get the beans to port. Managed money speculators cut 25,671 contracts off their net long position in soybean futures and options in the week 6/19, to flip to a net short position of -12,801 contracts. This was less bearish than expected given the magnitude of the price decline. BAGE estimates that the 97.1% of the Argentina soybean crop is now harvested.
Most Recent StoriesMore News
A rain makes grain mentality along with steady concerns about the rapidly approaching T-Day (tariff day) on the 6 th of July have joined forces to carry grain and soy markets lower to begin this week....
The drought in Oklahoma and Kansas that has plagued this beautiful commodity is coming to an end.
TRADE WITH A PRO
Market Research of Consistent Accuracy
We kickoff the week with New Home Sales at 9:00 A.M., Export Inspections at 10:00 A.M. and Crop Progress at 3:00 P.M. On the Corn [...]
Drier Conditions Ahead
A big week for grains!
From Trade Relations to Planted Acres