0.57 0 -0.45%
09:54:00 PM MI Indication


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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 1.26 USD
1 Pound = 16 Ounces Soybean Oil Price Per 1 Ounce 0.04 USD

Agriculture

Name Price % Unit Date
Cotton 0.79 1.78 USD per lb. 3/19/23 09:53 PM
Oats 3.46 -0.65 USD per Bushel 3/19/23 09:54 PM
Lumber 452.40 3.15 USD per 1.000 board feet 3/17/23 04:05 PM
Coffee 1.82 2.68 USD per lb. 3/17/23 11:23 AM
Cocoa 2,103.00 -2.05 GBP per Ton 3/17/23 12:55 PM
Live Cattle 1.62 0.05 USD per lb. 3/17/23 02:05 PM
Lean Hog 0.80 0.57 USD per lb. 3/17/23 02:05 PM
Corn 6.30 -0.71 USD per Bushel 3/19/23 09:54 PM
Feeder Cattle 1.89 -0.41 USD per lb. 3/17/23 02:05 PM
Milk 18.06 0.17 USD per cwt.sh. 3/17/23 02:15 PM
Orange Juice 2.43 0.39 USD per lb. 3/17/23 02:00 PM
Palm Oil 4,069.00 -0.37 MYR per Ton 3/17/23 06:00 AM
Rapeseed 467.50 -1.06 EUR per Ton 3/17/23 01:30 PM
Rice 17.12 -0.29 USD per cwt. 3/19/23 09:44 PM
Soybean Meal 465.90 0.11 USD per Ton 3/19/23 09:54 PM
Soybeans 14.72 -0.30 USD per Bushel 3/19/23 09:54 PM
Soybean Oil 0.57 -0.45 USD per lb. 3/19/23 09:54 PM
Wheat 266.25 -1.21 EUR per Ton 3/17/23 01:30 PM
Sugar 0.21 -0.34 USD per lb. 3/17/23 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.