Soybean Oil News
Historical Prices for Soybean Oil
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Unit conversion for Soybean Oil Price Today
| Conversion | Soybean Oil Price | Price | |
|---|---|---|---|
| 1 Pound ≈ 0,453 Kilograms | Soybean Oil Price Per 1 Kilogram | 1.08 USD | |
| 1 Pound = 16 Ounces | Soybean Oil Price Per 1 Ounce | 0.03 USD |
Agriculture
| Name | Price | % | Unit | Date | ||
|---|---|---|---|---|---|---|
| Cotton | 0.71 | -0.10 | USD per lb. | 11/8/24 02:20 PM | ||
| Oats | 3.63 | -5.84 | USD per Bushel | 11/8/24 02:19 PM | ||
| Lumber | 558.00 | -1.24 | USD per 1.000 board feet | 11/8/24 04:05 PM | ||
| Coffee | 2.54 | -1.87 | USD per lb. | 11/8/24 01:30 PM | ||
| Cocoa | 5,833.00 | 6.29 | GBP per Ton | 11/7/24 11:55 AM | ||
| Live Cattle | 1.84 | -1.20 | USD per lb. | 11/8/24 02:05 PM | ||
| Lean Hog | 0.81 | -0.98 | USD per lb. | 11/8/24 02:05 PM | ||
| Corn | 4.31 | 0.70 | USD per Bushel | 11/8/24 02:20 PM | ||
| Feeder Cattle | 2.45 | -0.92 | USD per lb. | 11/8/24 02:05 PM | ||
| Milk | 20.03 | -0.55 | USD per cwt.sh. | 11/8/24 02:37 PM | ||
| Orange Juice | 4.73 | -9.12 | USD per lb. | 11/8/24 01:59 PM | ||
| Palm Oil | 5,160.00 | 2.42 | MYR per Ton | 11/8/24 06:53 AM | ||
| Rapeseed | 536.75 | 0.56 | EUR per Ton | 11/8/24 12:30 PM | ||
| Rice | 14.63 | -1.48 | USD per cwt. | 11/5/24 09:37 PM | ||
| Soybean Meal | 297.00 | -0.83 | USD per Ton | 11/8/24 02:20 PM | ||
| Soybeans | 10.17 | 0.12 | USD per Bushel | 11/8/24 02:15 PM | ||
| Soybean Oil | 0.49 | 0.93 | USD per lb. | 11/8/24 02:20 PM | ||
| Wheat | 215.25 | -0.12 | EUR per Ton | 11/8/24 12:30 PM | ||
| Sugar | 0.22 | -2.11 | USD per lb. | 11/8/24 01:00 PM |
Soya bean oil
Soybean oil is harvested from soya plants and can be used in a multitude of recipes. The soya plant grows primarily in regions with an abundance of water and a moderate climate such as the USA, Brazil, Argentina, and China. Contract months are October, December, January, March, May, July, August, and September for soybean oil. It can be traded until the business day prior to the 15th of the month with delivery on the last business day of the month. (read more)
To make soybean oil, raw soybeans are run through a catalytic cracker in a refinery. The oil is extracted and the remaining byproduct is turned into soybean meal, another tradable commodity. One bushel of soybeans produces 11 pounds of soybean oil and approximately 48 pounds of soybean meal. The oil itself has a light-yellow color and a mild taste. It can also be used in paint, plastics, lubricants, hair dyes, and biofuel as well as salads, shortening and margarine. Soybean oil can lower low-density cholesterol (LDL), treat osteoarthritis, and repel mosquitoes and other insects.
