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CME soybean oil futures have traded in a narrow range since August, with near-record 2024 soybean production and tariff pressures weighing. Strong export demand, especially from Colombia, Mexico, and India, has repeatedly pushed prices back toward 40 cents per pound.
Surging export sales and expected biofuel policy support provide more upside than downside for soybean oil, which supports soybean crush margins and meal supply.
world-grain.comCrystal FutrellApr 24, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
