CBOT Soybean Oil (Chicago, US) Prices

Price quotation U.S. cents per pound
Kontraktgröße / Contract Unit
60,000 pounds (~27 metric tons)
Specification

Historical closing prices

Newsticker

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24.
04.24
09:07

The soybean rally continues. For the first time this year, soybeans closed three trading days in a row with a green sign. The most traded July contract rose by 5.50 US cents to 1,182.00 US cents/bu. Soybean meal also increased in price yesterday and closed with a gain of $1.30 at $346.10/short ton (355.70 euros/t)…

24.
04.24
09:00

Rapeseed moved slightly southwards yesterday. Although the current front month lost 5.75 euros/t, the follow-up contracts, including the most traded August futures contract, ended the trading day with minor setbacks. At the closing bell, the August contract closed at 40.25 euros/t on the Euronext/Matif scoreboard. This…

23.
04.24
09:07

The recovery in soybean prices continued yesterday. July beans closed with double-digit gains. Soybean meal rose slightly, but also increased in price. Soybean oil benefited from the generally friendly market environment and from price recoveries in competing vegetable oils. Yesterday's friendly sentiment for…

23.
04.24
09:01

After last week's weak days, rapeseed contracts started the new trading week with significant gains. The now most frequently traded August futures contract closed with a daily gain of 12.00 euros/t at 461.25 euros/t. Follow-on contracts also made noticeable gains, indicating a rising futures curve on the exchange. The…

22.
04.24
10:47

Soybeans rose significantly on Friday. The May futures closed at 1,150.50 US cents/bu, gaining 16.25 cents/bu. The price of soybean meal also increased, rising by 5.70 US dollars to 343.70 $/short ton in the leading May futures, which corresponds to a converted price of 354.80 euros/t. On the local spot markets, asking…

22.
04.24
09:56

Contrary to the generally positive sentiment for agricultural goods and oilseeds, rapeseed on Euronext/Matif headed south on Friday. The front month of May lost 1.50 euros to close at 449 euros/t. This also reflects some profit-taking after the previous week's positive movements. Rapeseed on the cash markets was…

ZMP Market assessment

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22.
04.24
Bullish
  • Lower harvest expectations Europe 2024/25
  • Declining rapeseed cultivation in Germany
  • Rising demand for soybean oil in the USA expected
  • Uncertainties Ukraine/geopolitical tensions overall
Bearish
  • Growing global soybean cultivation
  • Harvest pressure South America
  • US dollar development
  • Economic concerns China
ZMP Market Report Compact

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13.
04.24
09:21

USDA: Global oilseed market situation in 2023/24 hardly changed from the previous month Global oilseed production in 2023/24 is estimated to be unchanged from the previous month at 658.5 million tonnes. Consumption will increase by 1 million tonnes to 648 million tonnes. This means that stocks will only decrease insignificantly and, at 130.6…

21.
03.24
12:56

COCERAL estimates the 2024 EU-27 rapeseed harvest at 19.13 million t: - 4.6% compared to the previous year. In its March 24 issue, the umbrella organization of European agricultural traders (COCERAL) estimates the EU rapeseed harvest at 19.13 million t (previous year 20.5 million t). This means a decrease of -4.6% compared to the previous year. The…

15.
03.24
11:22

IGC corrects world soybean harvest 2023/24 - forecast 2024/25 The 2023/24 soybean harvest will be reduced to around 390 million t due to the weather-related adverse harvest in Brazil. Consumption is reset to a similar extent. This means that the supply situation changes only insignificantly. The IGC has issued a preliminary estimate for the 2024/25…

14.
03.24
14:32

The 2024 rapeseed harvest in Germany remains below the previous year's level . The German Raiffeisen Association (DRV) has based on the Stat. Federal Office of December 22, 2023 for winter crops made a first rapeseed harvest estimate for 2024. The DRV has partly extrapolated the forecasts of yields per hectare using several years of experience. The…

09.
03.24
12:34

USDA cuts oilseed market compared to previous month The latest USDA estimate of oilseed production for 2023/24 is somewhat more subdued than last month. Total production will be reduced by 1 million t to 658 million t. Global consumption remains unchanged at 648 million tonnes. Year-on-year production increased by 20 million tonnes to a record…

13.
01.24
11:05
USDA Oilseed Market 2023/24 Market Report Compact

Oilseeds: status and prospects (1) IGC with soybean estimate: Despite a slight reduction in the previous month's estimate, the IGC's forecast of global soybean production of 392 million tonnes remains at a record level. The decisive factor is the Brazilian harvest that has just started with a slightly reduced estimate of 154 million t (previous…

Press review

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23.
04.24
14:25

“Weekly updates from the Canadian Grain Commission (CGC) provide useful crop movement and demand information,” says Neil Blue, provincial crops market analyst with the Alberta government. The CGC statistics include volumes of bulk crops moved through facilities licensed by the...

23.
04.24
14:23

“As many areas in Alberta are dealing with dry conditions, producers will likely have to manage dust from pens and livestock feedlots,” says Trevor Wallace, nutrient management specialist with the Alberta government. “While pen dust during periods of prolonged dry...

23.
04.24
14:22

Alberta is an agricultural powerhouse with diverse and innovative industries, including a thriving bioprocessing sector. When companies set up operations here, they experience a welcoming, business-friendly regulatory environment and one of North America’s most competitive business tax systems. Alberta’s government...

22.
04.24
14:42

regions of Oklahoma and Texas, feral hogs persist as a significant nuisance, wreaking havoc on crops and posing a threat to livestock health. Conventional removal techniques like traps and hunting have proven insufficient against the rapidly proliferating hog populations. However,...

Daten-Copyright / Haftungsausschluss
Description

Copyright © 2018. All CME market data is provided by Barchart Solutions.

Futures: At least a 10-minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

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Specification

Denominierung / Currency
U.S. Dollar ($)
Minimale Preisveränderung / Minimum Price Fluctuation
1/100 of one cent (0.0001) per pound = $6.00 TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright
Fälligkeiten / Maturities
15 monthly contracts of Jan, Mar, May, Aug, Sep and 12 monthly contracts of Jul, Oct, Dec listed annually after the termination of trading in the December contract of the current year
Handelszeiten / Trading Hours
CME Globex:
Sunday - Friday: 7:00 p.m. - 7:45 a.m. CT and Monday - Friday: 8:30 a.m. - 1:20 p.m. CT

TAS: Sunday - Friday 7:00 p.m. - 7:45 a.m. and Monday - Friday 8:30 a.m. - 1:15 p.m. CT
CME ClearPort:
Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT
Letzter Handelstag / Last trading day
Trading terminates on the business day prior to the 15th day of the contract month.
Erfüllung / Settlement
Deliverable
Schlussabrechnungspreis / Final Settlement Price
Soybean Oil Settlement Procedures
Stand / Last updated

Further specifications

Crude soybean oil meeting exchange-approved grades and standards-see exchange Rules and Regulations for exact specifications.

The CBOT (Chicago Board of Trade) is one of the oldest financial and commodity futures exchanges based in Chicago. In 2007, the CME (Chicago Mercantile Exchange) and the CBOT were merged to form the joint CME Group Inc. The CBOT offers both electronic trading and open outcry trading on the trading floor. An overview of agricultural commodity futures can be found here.

Futures are available on a whole range of different underlying assets such as soybeans(soybean meal, soybean oil). It is important to note that all futures are traded on futures exchanges. The exchange determines exactly what a futures contract looks like.

It should also be noted that virtually all futures contracts are not physically delivered, but are generally settled by trading the offsetting position before the contract expires. Most traders only use futures to hedge the prices they pay or receive on the local market at world market prices and are not interested in physical delivery at the location specified by the exchange.

The soybean, often referred to simply as soy, is a plant species within the legume family (Leguminosae or Fabaceae).

The cultivation of soybeans as a food crop has been documented since 3050 BC in Japan and at least since 1550 BC in Korea and China. Today, soybeans are grown on 6% of the world's agricultural land and are the world's most important oilseed. Its increasing importance is reflected in the highest increase in acreage of all crops since the 1970s. While 17 million tons were produced in 1960, this figure had already risen to 334.9 million tons by 2016.

As an oilseed, soybeans contain around 20% oil. The soybean oil is mainly used as food, but also for the production of biodiesel, for example. After the oil has been pressed, the remaining extraction meal (soybean cake) is heated to destroy the components that are toxic and unpalatable to animals and humans (trypsin inhibitors and haemagglutinins) and then 98% is fed to animals and 2% is used as food for humans. Soybeans contain about 37% protein. As food, the protein quality of soy protein is comparable to that of animal protein, which sets soybeans apart from other plants.

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