Are US soybean oil futures open on Presidents' Day?

Trading of soybean futures, corn futures and wheat futures were closed on Monday for Presidents' Day. Yet, since last week, Soybean March-to-May futures look odd in their atypical... Explore real-time US Soybean Oil Futures price data and key metrics crucial for understanding and navigating the US Soybean Oil Futures market.

Why did soybean & oil trade so strong?

Soymeal was a main reason for the strength, as front month contracts were up $6.70 to $9.80/ton. Soy Oil was weaker gokng home for the 3 day holiday weekend, down 24 to 48 points. Export Sales data has the total export commitments for old crop soybeans at 42.882 MMT, which is 93% of USDA’s export forecast, 6% behind the average pace.

What happened to soybean oil during the holiday weekend?

Soy Oil was weaker gokng home for the 3 day holiday weekend, down 24 to 48 points. Export Sales data has the total export commitments for old crop soybeans at 42.882 MMT, which is 93% of USDA’s export forecast, 6% behind the average pace. Shipments accumulated for the year are on par with the average pace, at 85% of the forecast total.