Soybean Oil Price — Chart — Historical Data
What drives this market
Soybean Oil is a vegetable oil derived from processing soybeans and is one of the most widely consumed edible oils in the world, also used increasingly as a feedstock for biodiesel and renewable diesel. Prices are closely linked to soybean prices but are also independently influenced by competing vegetable oil markets (such as palm oil and canola), biofuel mandates and blending policies, and global edible oil demand. The US, Brazil, and Argentina are the dominant producers. The unit for this contract is US cents per pound.
Market context
Soybean Oil is at 68.09 USd/lb, up a modest 0.25% today while roughly unchanged over the past week, off 0.13%, and down 2.70% over the past month. On a longer horizon, the commodity remains well above prior-year levels, gaining 39.39% year-to-date and 35.21% year-over-year.
as of Oct 09, 05:32 UTC — Alternative Markets.AI| %Chg | Weekly | Monthly | YTD | YoY | |
|---|---|---|---|---|---|
| Soybean Oil | -0.46% | -0.13% | -2.70% | 39.39% | 35.21% |
Latest Commodities News
Related
| Related | Price | %Chg |
|---|---|---|
| Brent | 104.05 | -0.22% |
| Natural Gas | 3.22 | 1.70% |
| Crude Oil | 91.39 | -0.11% |
| Gasoline | 3.14 | -0.61% |
| Heating Oil | 4.71 | -3.50% |