Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Join Barchart Premier to get Screeners that run automatically with the results emailed to you! FREE 30 Day Trial
Stocks | Futures | Watchlist | More
or
Soybean Oil Mar '24 (ZLH24)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [CBOT]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Soybean Oil Futures Market News and Commentary

Beans and Soybean Oil Closed Stronger on Report Day

Soy futures were mixed on USDA’s report day, with a Soy oil rally. The triple digit gains of as much as 2.5% helped soybeans stay in the black as well. Front month soybean futures were 1 ¾ to 4 ½ cents higher at the bell. Soymeal futures closed the session with $4.10 to $5.10 losses. re another 1% lower through Thursday. USDA reduced the cash average price for soybeans by a dime to $12.65, the soy oil price by 3 cents to 51 c/lb, and left the meal price UNCH at $380/ton. 

USDA’s updated WASDE data had 35 mbu fewer soybean exports, which built carryout by the same amount. The only other S&D adjustment was a 1 mbu larger seed use, which came out of residual use. The trade was on average looking for a 4.6 mbu looser carryout, though at 315 mbu is still the loosest since 19/20. 

The global updates reduced world soybean output by 770k MT to 398.2 MMT. USDA cut Brazil by 1 MMT to 156, though CONAB cut Brazil’s soybean production 5.9 MMT to 149.4 MMT - via a yield cut of 1.7 bp... Read more

Contract Specifications

See More
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
$2,200/2,000
First Notice Date
02/29/24 (21 days)
Expiration Date
03/14/24 (35 days)

Seasonal Chart

Soybean Oil Mar '24
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Jan 30, 2024

View Chart Details
Commercials - Long / Short
289,600 (+12,568)
254,936 (-31)
Non-Commercials - Long / Short
99,948 (-2,074)
137,983 (+10,603)
Producers - Long / Short
155,219 (+10,846)
234,096 (-1,973)
Swap Dealers - Long / Short
118,917 (+945)
5,376 (+1,165)
Managed Money - Long / Short
59,147 (+1,719)
110,213 (+9,042)
Other Reportables - Long / Short
40,801 (-3,793)
27,770 (+1,561)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
44.51 +7.66%
on 02/05/24
49.65 -3.48%
on 01/12/24
-0.53 (-1.09%)
since 01/09/24
3-Month
44.51 +7.66%
on 02/05/24
53.32 -10.13%
on 11/22/23
-1.73 (-3.48%)
since 11/09/23
52-Week
44.49 +7.71%
on 05/31/23
64.53 -25.74%
on 07/24/23
-9.52 (-16.57%)
since 02/09/23

More Soybean Oil Quotes

All Futures Prices
Please wait...

Most Recent Stories

More News
Beans and Soybean Oil Closed Stronger on Report Day

Soy futures were mixed on USDA’s report day, with a Soy oil rally. The triple digit gains of as much as 2.5% helped soybeans stay in the black as well. Front month soybean futures were 1 ¾ to 4 ½ cents...

ZLH24 : 47.95 (+0.02%)
ZMH24 : 345.7 (-0.40%)
ZSH24 : 1192-2 (-0.10%)
ZSPAUS.CM : 11.4028 (+0.39%)
ZSK24 : 1198-6 (-0.08%)
ZSN24 : 1208-4 (unch)
Red Close for Corn after Report Day

Corn prices sold off at 9AM into the report, but (after an initial spike lower) had recovered back to positive territory. An afternoon fade into the close left the board a penny to 1 ½ cents lower across...

ZCH24 : 432-2 (-0.23%)
ZCPAUS.CM : 4.1370 (-0.27%)
ZCK24 : 443-6 (-0.28%)
ZCN24 : 453-0 (-0.22%)
Wheat Futures Fall 2% on Thursday

Front month wheat futures ended the day with double digit losses of over 2% across all three domestic classes. Chicago was 13 to 14 cents lower and are now sub-$6 through Sep. KC futures ended the day...

ZWH24 : 588-6 (unch)
ZWK24 : 593-4 (unch)
KEH24 : 599-2 (-0.29%)
MWH24 : 681-6 (-0.29%)
Grain Markets Digest Today's USDA Report

With the USDA report behind us, what's next for the markets?

Wheat Futures Down 2% on Thursday

The midday wheat market quotes are 1.5% to 2.2% in the red across the U.S. futures. Chicago prices are 9 ½ to 11 cents lower on the looser U.S. carryout forecast. KC HRW futures are currently working...

ZWH24 : 588-6 (unch)
ZWK24 : 593-4 (unch)
KEH24 : 599-2 (-0.29%)
MWH24 : 681-6 (-0.29%)
Corn Reacted Bearishly, Rebounded for Midday

Midday corn prices are sitting fractionally to 1 ½ cents in the black. Futures were in the black through the morning, before dropping on the WASDE reaction. Traders added 25.4k new option positions in...

ZCH24 : 432-2 (-0.23%)
ZCPAUS.CM : 4.1370 (-0.27%)
ZCK24 : 443-6 (-0.28%)
ZCN24 : 453-0 (-0.22%)
Soy Market Mixed on Report Day

The Soy oil futures are rallying by triple digits through midday, propping up the bean market. Soybeans are fractionally in the black for midday. The report reaction had given most of the early ssessiongains...

ZLH24 : 47.95 (+0.02%)
ZMH24 : 345.7 (-0.40%)
ZSH24 : 1192-2 (-0.10%)
ZSPAUS.CM : 11.4028 (+0.39%)
ZSK24 : 1198-6 (-0.08%)
ZSN24 : 1208-4 (unch)
Crop Production

Crop Production - 2024-02-08

ZSH24 : 1192-2 (-0.10%)
ZSPAUS.CM : 11.4028 (+0.39%)
ZSBAUS.CM : -0.5321 (-0.15%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
ZSYAUS-BIW.CM : 52.03 (unch)
XSH24 : 3,612s (-0.61%)
XTH24 : 4,784s (+0.19%)
ZCH24 : 432-2 (-0.23%)
ZCPAUS.CM : 4.1370 (-0.27%)
ZCBAUS.CM : -0.1955 (-0.72%)
XVK24 : 2,408s (unch)
XEU24 : 65.05 (+0.34%)
WASDE

WASDE - 2024-02-08

ZSH24 : 1192-2 (-0.10%)
ZSPAUS.CM : 11.4028 (+0.39%)
ZSBAUS.CM : -0.5321 (-0.15%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
ZSYAUS-BIW.CM : 52.03 (unch)
XSH24 : 3,612s (-0.61%)
XTH24 : 4,784s (+0.19%)
ZCH24 : 432-2 (-0.23%)
ZCPAUS.CM : 4.1370 (-0.27%)
ZCBAUS.CM : -0.1955 (-0.72%)
XVK24 : 2,408s (unch)
XEU24 : 65.05 (+0.34%)
All Eyes on Today’s USDA Report

Grain markets are quiet in the early morning trade as traders gear up for today’s USDA report.

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 50.00
2nd Resistance Point 49.08
1st Resistance Point 48.51
Last Price 47.96
1st Support Level 47.02
2nd Support Level 46.10
3rd Support Level 45.53

See More

52-Week High 64.53
Fibonacci 61.8% 56.87
Fibonacci 50% 54.51
Fibonacci 38.2% 52.15
Last Price 47.96
52-Week Low 44.49

See More

by Barchart
Solutions for Grain Market Professionals barchart.com/cmdty
Commodity Price Reports
Get Free Access!
cmdtyView for Ag marketers and merchandisers
Start Free Trial
We help Agribusinesses make better decisions
Learn Now
Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar