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Soybean Oil Dec '24 (ZLZ24)

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Soybean Oil Futures Market News and Commentary

Soybeans Post Gains on Tuesday

Soybeans saw some spreading on Tuesday, as old crop contracts were up 10 to 16 ¼ cents and other contracts for new crop up a penny to 4 ¼ cents. Deferred 2025 crop contracts and beyond were down fractionally to 1 ½ cents. Soymeal futures were up 30 cents to $4.30/ton in the front months on Tuesday, as back months down 30 to 50 cents.  Soy Oil futures posted 45 to 59 point gains at the close.

The weekly NASS Crop Progress report indicated US condition ratings down 2% to 70% gd/ex. The Brugler500 index, taking in all 5 ratings categories, was 3 points lower to 376. Much of the crop deterioration came from IL, down 17 points, with ON 7 points lower and SD down 10. Ratings in IA were up 1 point, with NE 3 points better, OH up 4, and MO improving 7 points.  

Brazilian crusher group Abiove trimmed their projection for Brazil’s soybean crop by 1.4 MMT to 152.5 MMT on Tuesday. That is still well above the CONAB projection, but more in line with the USDA.

Jul 24 Soybeans  c... 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
$1,980/1,800
First Notice Date
11/29/24 (163 days)
Expiration Date
12/13/24 (177 days)

Seasonal Chart

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

Commitment of Traders Positions as of Jun 11, 2024

View Chart Details
Commercials - Long / Short
303,783 (-5,765)
259,617 (-17,248)
Non-Commercials - Long / Short
116,384 (+1,866)
165,335 (+14,232)
Producers - Long / Short
160,520 (+3,450)
244,747 (-7,263)
Swap Dealers - Long / Short
130,171 (+758)
1,778 (-12)
Managed Money - Long / Short
56,323 (-2,589)
130,783 (+16,003)
Other Reportables - Long / Short
60,061 (+4,455)
34,552 (-1,771)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
43.44 +2.30%
on 06/17/24
47.46 -6.36%
on 05/20/24
-1.80 (-3.89%)
since 05/17/24
3-Month
43.44 +2.30%
on 06/17/24
49.90 -10.94%
on 04/02/24
-4.22 (-8.67%)
since 03/18/24
52-Week
43.44 +2.30%
on 06/17/24
59.95 -25.87%
on 07/24/23
-9.56 (-17.70%)
since 06/16/23

More Soybean Oil Quotes

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Most Recent Stories

More News
Wheat Continue Fall Ahead of Day Off

The wheat complex pushed lower into the close across all three exchanges at on Tuesday. Chicago saw losses of 3 ½ to 9 ½ cents across the board. Kansas City contracts were down 3 ¼ to 6 ½ cents. MPLS...

ZWN24 : 582-0s (-1.61%)
ZWU24 : 599-0s (-1.48%)
KEN24 : 600-6s (-0.78%)
KEU24 : 609-6s (-0.93%)
MWN24 : 632-6s (-0.90%)
Soybeans Post Gains on Tuesday

Soybeans saw some spreading on Tuesday, as old crop contracts were up 10 to 16 ¼ cents and other contracts for new crop up a penny to 4 ¼ cents. Deferred 2025 crop contracts and beyond were down fractionally...

ZMZ24 : 345.2s (+0.09%)
ZLZ24 : 44.44s (+1.25%)
ZSN24 : 1174-0s (+1.40%)
ZSPAUS.CM : 11.1979 (+1.56%)
ZSQ24 : 1156-0s (+0.87%)
ZSX24 : 1132-0s (+0.15%)
ZSPX24US.CM : 10.7037 (+0.18%)
Corn Rallies on Turnaround Tuesday

Corn futures got a bounce ahead of the midweek holiday, as contracts were anywhere from 1 ¼ to 6 ¼ cents higher at the close. There was some corrective action following the drop in condition ratings...

ZCN24 : 450-0s (+1.41%)
ZCPAUS.CM : 4.3447 (+1.64%)
ZCU24 : 455-6s (+1.28%)
ZCZ24 : 467-6s (+1.03%)
ZCPZ24US.CM : 4.3821 (+1.11%)
Shootin' the Bull about how much higher.........

With cattle, boxes, and some of the grind at the tip top of yearly and historical highs, what's next?  Even higher prices?  Rationing has already taken another large step the past two weeks with boxes...

Soybeans Rallying Following Ratings Drop with Help from Products

Soybeans are 3 to 12 ½ cents higher as we make our way through the Tuesday session. Weaker condition ratings and product value support are helping to support midday action. Soymeal futures are back up...

ZMZ24 : 345.2s (+0.09%)
ZLZ24 : 44.44s (+1.25%)
ZSN24 : 1174-0s (+1.40%)
ZSPAUS.CM : 11.1979 (+1.56%)
ZSQ24 : 1156-0s (+0.87%)
ZSX24 : 1132-0s (+0.15%)
ZSPX24US.CM : 10.7037 (+0.18%)
Wheat Heading Lower Ahead of Day Off

The wheat complex is pushing lower across all three exchanges at midday. Kansas City contracts are down 3 to 5 cents. Chicago is leading the way this time, with 6 to 8 cent losses. MPLS spring wheat is...

ZWN24 : 582-0s (-1.61%)
ZWU24 : 599-0s (-1.48%)
KEN24 : 600-6s (-0.78%)
KEU24 : 609-6s (-0.93%)
MWN24 : 632-6s (-0.90%)
Corn Getting Turnaround Tuesday Bounce

Corn futures are posting 4 to 7 cent gains across most contracts on Tuesday’s midday. They are being helped by some corrective action on a drop in condition ratings and very few prospects of rain in...

ZCN24 : 450-0s (+1.41%)
ZCPAUS.CM : 4.3447 (+1.64%)
ZCU24 : 455-6s (+1.28%)
ZCZ24 : 467-6s (+1.03%)
ZCPZ24US.CM : 4.3821 (+1.11%)
Declining Crop Conditions Help Support Corn and Soybean Prices Overnight

Corn and soybean futures prices firm overnight following the weekly crop progress report, which showed a bigger decline in conditions than expected.

Wheat Continuing Retreat on Tuesday

The wheat complex is posting mixed trade as we kick off the Tuesday session, with many of the front months heading lower. They continued its steep descent on Monday, with double digit losses across all...

ZWN24 : 582-0s (-1.61%)
ZWU24 : 599-0s (-1.48%)
KEN24 : 600-6s (-0.78%)
KEU24 : 609-6s (-0.93%)
MWN24 : 632-6s (-0.90%)
Soybeans Bouncing Following Ratings Drop

Soybeans are 2 to 3 cents higher as we start the Tuesday session. They leaked lower for much of Monday, with contracts down 13 ¼ to 22 ¼ cents across the board. Soymeal futures were down $5.90 to $8.50/ton...

ZMZ24 : 345.2s (+0.09%)
ZLZ24 : 44.44s (+1.25%)
ZSN24 : 1174-0s (+1.40%)
ZSPAUS.CM : 11.1979 (+1.56%)
ZSQ24 : 1156-0s (+0.87%)
ZSX24 : 1132-0s (+0.15%)
ZSPX24US.CM : 10.7037 (+0.18%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 45.86
2nd Resistance Point 45.25
1st Resistance Point 44.84
Last Price 44.44s
1st Support Level 43.82
2nd Support Level 43.21
3rd Support Level 42.80

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52-Week High 59.95
Fibonacci 61.8% 53.64
Fibonacci 50% 51.69
Fibonacci 38.2% 49.75
Last Price 44.44s
52-Week Low 43.44

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