What is the Chicago Board of Trade (CBOT) soybean oil futures contract?

An effective delivery system for the Chicago Board of Trade (CBOT) Soybean Oil futures contract is a critical issue for market users throughout the United States and the world. The contract is universally recognized for providing an accurate price benchmark and an effective risk management tool for a broad spectrum of users.

What happened to soymeal prices?

Check out our Soybean Meal Historical Prices page. Soybeans are posting fractional to 2 cent higher trade on Thursday morning. They slipped into the close, as contracts settled with losses of a penny to 4 ¾ cents after NOPA reported an ugly April crush number. Soymeal futures were down $1.60 to $2.70/ton at the close.

What happened to soybean futures?

Soymeal futures were down $1.60 to $2.70/ton at the close. Soy Oil was up 12 to 24 points as tighter NOPA stocks were reported. The Wednesday morning NOPA report showed just 166.03 mbu of soybeans crushed during April, a sharp 15.46% from March (one less processing day) and well below the 183 mbu estimate heading in.