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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.

Why is a soybean oil contract important?

The contract is universally recognized for providing an accurate price benchmark and an effective risk management tool for a broad spectrum of users. Implementing a contiguous delivery system that is centrally located in the major soybean oil production and consumption areas enables the contract to accurately reflect the US cash market.

What happened to soybean oil?

Check out our Soybean Oil Historical Prices page. Soybean closed Turnaround Tuesday with contracts down 4 ½ to 7 ¼ cents. Soymeal futures were back up on the day, with gains of $2.80 to $6.10/ton. Soy Oil collapsed 131 to 184 points on the session.

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