Soybean Oil

CBOT soybean oil futures (ZL), quoted in US cents per pound. Daily closes and the drivers behind them: biofuel and renewable diesel policy, its link to crude and palm oil, and crush demand.

Oct 28, 2026

Wheat Tumbles as Crude Climbs 2.9% on Saudi Strike | Oct 28, 2026

The Fed holds rates steady in a 10-2 vote, silver falls 1.55% and soybean oil drops 1.72% as natural gas climbs on the December roll.

Oct 19, 2026

What Is the Board Crush?

How the soybean (and canola) crush margin is calculated from futures, and why it matters on The Daily Board.

Oct 7, 2026

Soybean Meal Surges as Oil Craters on Crush Spread | October 7, 2026

Wheat slides across all three boards, nat gas jumps 2.9% on cooler forecasts, and gold and silver retreat as the dollar firms.

Oct 5, 2026

Wheat Jumps on Russia's Black Sea Threat | October 5, 2026

Oats spike 2%, soybean oil climbs on biofuel demand, and WTI crude slides to $89.43 as G7 reserve releases keep weighing on the barrel.

Oct 2, 2026

Crude Slides to $91 as Nat Gas Jumps on Cold Snap Bets: The Daily Board, Oct 2

Soybean meal drops 1.64% as oil climbs 1.84% on the crush split, corn extends its USDA-stocks slide, and gold slips below $4,170 an ounce.

Sep 11, 2026

Grains Slide, Oil Retreats From Mideast Highs on Hot CPI: The Daily Board, Sept 11

Soybeans fell 2.68%, soybean oil dropped 3.11%, and WTI crude slid 2.37% to $100.05 as a hot CPI reading and Hormuz diplomacy reshaped the board.

Sep 2, 2026

Grains Cool Off as Soy Oil Leads the Pullback: The Daily Board, Sept 2

Corn, SRW, and KC wheat slip on profit-taking while Minneapolis wheat bucks the trend; WTI holds near $91, gold edges higher.

Aug 29, 2026

Wheat's Black Sea Breakout, Gold's Warsh Shock — The Daily Board, Week of Aug 24–28

Corn's crop-tour rally, canola's wild swings, and a Fed-driven slide in gold and silver capped a volatile week on the board.

Aug 28, 2026

Gold, Silver Tumble Nearly 3% on Warsh's Hawkish Debut: The Daily Board, Aug 28

Wheat hits a three-year high on Black Sea risk, soybean oil jumps 3.7% on biofuel demand, and Warsh's hawkish debut slams gold and silver.

Aug 25, 2026

Canola Rebounds 2.5%, Crude Slides 3.1% on Iran Talks: The Daily Board, Aug 25

Corn extends its crop-tour rally, soybean oil rebounds from Monday's rout, and gold holds near record highs as Iran-US thaw pressures crude.

Aug 24, 2026

Canola Skids 3.6%, Corn Jumps on Crop Tour Shock: The Daily Board, Aug 24

Soybean oil sinks 3.3% on biofuel jitters, WTI slides 2.4% on eased Hormuz risk, and gold grinds higher ahead of Jackson Hole.

Aug 21, 2026

Canola Slides 2.6% as Veg Oil Complex Slumps: The Daily Board, Aug 21

Gold rallies 2.4% to a fresh high, soybean oil sinks 2.4% with canola in tow, and corn adds a nickel on tight old-crop supply.

Aug 17, 2026

WTI Jumps 2.6% as Hormuz Shipping Halts: The Daily Board, Aug 17

Soybean oil climbs 2.68% with crude, soybeans add 1.97% on Chinese demand, and gold tops $4,470 as silver gains 1.72% Monday.

Aug 3, 2026

Oil Sinks 5% as Trump Pauses Iran Strike, Grains Rally — The Daily Board, Aug 3

Corn gains 1.8%, oats jump 2%, and SRW wheat rallies as crude drops below $81 on Iran de-escalation and an OPEC+ supply hike.

Jul 17, 2026

Oil Vaults to $82 on Kuwait Strike, Grains Firm — The Daily Board, July 17

WTI settles +4.5% at $82.49 after a Kuwait desalination hit; KC wheat +2.2%, soybean oil +2.6%, canola +1.4%, gold holds near $4,019.

Jul 13, 2026

Hormuz Toll Sends Crude Up 9%, Bean Oil Follows — The Daily Board, July 13

WTI's $6.73 spike drags soyoil to 71.16 (+3.16%) while gold sheds $108 and silver slides 3.6%; KC wheat drops a dime, canola adds C$11.40.

Jul 8, 2026

Crude Jumps 4%, Silver Craters on Iran Strikes — The Daily Board, July 8

WTI rockets to $73.52 and canola tears +3% higher on the Hormuz war premium, while gold, corn and wheat all skid and silver dives 4.6%.

Jun 30, 2026

Corn Rips 2.7% on USDA Acreage Day; Bean Oil Dives — The Daily Board, June 30

Wheat climbs on all three boards and silver pops 2.2% on USDA report day, while soybean oil tumbles 3.4% and crude slips under $70.

Jun 25, 2026

Soybeans Lead Grains Higher as Crude Rebounds — The Daily Board, June 25

Soybean oil and meal rally, natural gas surges nearly 4%, and gold climbs back over $4,000 while oats slide 3% on the day.

Jun 23, 2026

Crude Cracks on Iran Deal, Bean Oil Bucks the Slide — The Daily Board, June 22

WTI sinks 2.3% as Iranian barrels return, dragging gold, wheat, and corn lower — while soybean oil jumps 2% on biofuel demand and canola climbs C$9.