Soybean Oil Futures (CBOT ZL)

Chicago Board of Trade · December 2026 contract · Priced in U.S. cents per pound

Contract Overview

63.53 ¢/lb -2.68% (-1.75) Today
Nov 4, 1:19 PM UTC-6
Price performance
Open 65.28
Day's range 63.36 – 65.37
Volume 92.54K
Prev. settlement 65.28
30-day range 63.36 – 70.08
Open interest 181.00K
Bid 63.36
Ask 63.82
Expires Dec 14, 2026

CBOT · Delayed 10 min · Updated 1 hr ago · Market closed · opens Wed 19:00 CT

Price Performance

December 2026 · ZLZ26

Returns

1 week −3.1% −3.1% 1 week −2.03 from 65.56 on Oct 28
1 month −9.1% −9.1% 1 month −6.38 from 69.91 on Oct 6
3 months −5.7% −5.7% 3 months −3.84 from 67.37 on Aug 6
6 months −9.2% −9.2% 6 months −6.41 from 69.94 on May 6
Year to date +29.5% +29.5% year to date +14.47 from 49.06 on Dec 31, 2025
1 year +26.2% +26.2% 1 year +13.17 from 50.36 on Nov 3, 2025
  • 52-week high 74.00 Jun 3 · price 14.1% below
  • 52-week low 48.94 Dec 19, 2025 · price 29.8% above
  • 20-session high 68.63 Oct 12 · price 7.4% below
  • 20-session low 65.08 Nov 2 · price 2.4% below
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Balance Sheet

WASDE · Oct 9, 2026 · 2026/27 forecast
  • Ending stocks 1,797M lb From 1,877M lb in Sep
  • Stocks-to-use 5.4% Ending stocks over total use

Farmbucks members get what moved in this month's WASDE, the crop and the price. Get Started for Free

USDA World Agricultural Supply and Demand Estimates for October 2026, released Oct 9: the U.S. soybean oil balance sheet. Changes are against the September report.

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Exports

Week ending Oct 22 · 2026/27
  • Sold this season 36.4K t 78% behind last year's pace
  • Shipped so far 5.85K t 16% of sales · 3% of USDA's forecast

Farmbucks members get the season's top buyers and the week's sales and shipments. Get Started for Free

USDA Export Sales Report for the week ending Oct 22, released Oct 29; the next one is out Nov 5 at 8:30 am ET. Season forecast: WASDE, Oct 2026. Only week 4 of 2026/27, so pace comparisons are still volatile.

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Commitments of Traders

Tuesday, Oct 27

Net positions

FundsManaged money +56.3K +56.3K net long Managed money · Sold 13.6K on the week · net long for 40 weeks
CommercialsProducers and merchants −166K −166K net short Producers and merchants · Long 154K · short 320K · net +18.3K on the week
  • Funds on the week Sold 13.6K Net long for 40 weeks
  • Open interest 644K Up 2.5K on the week · 319 traders

Funds are hedge funds and other money managers (managed money). Commercials are the hedgers: farmers, elevators, processors and exporters (producers and merchants). Net is longs less shorts, in contracts of 60,000 pounds, as of Tuesday’s close.

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Futures chain

ZLZ26 Dec 2026 63.53 ¢/lb -1.75 -2.68%
ZLF27 Jan 2027 63.74 ¢/lb -1.72 -2.63%
ZLH27 Mar 2027 64.22 ¢/lb -1.64 -2.49%
ZLK27 May 2027 64.62 ¢/lb -1.57 -2.37%
ZLN27 Jul 2027 64.79 ¢/lb -1.48 -2.23%
ZLQ27 Aug 2027 64.57 ¢/lb -1.37 -2.08%
ZLU27 Sep 2027 64.29 ¢/lb -1.31 -2.00%
ZLV27 Oct 2027 63.95 ¢/lb -1.28 -1.96%
ZLZ27 Dec 2027 63.88 ¢/lb -1.28 -1.96%
ZLF28 Jan 2028 63.93 ¢/lb -1.26 -1.93%
ZLH28 Mar 2028 63.83 ¢/lb -1.22 -1.88%
ZLK28 May 2028 63.70 ¢/lb -1.23 -1.89%
ZLN28 Jul 2028 63.66 ¢/lb -1.19 -1.84%
ZLQ28 Aug 2028 63.29 ¢/lb -1.14 -1.77%
ZLU28 Sep 2028 62.84 ¢/lb -1.12 -1.75%
ZLV28 Oct 2028 62.48 ¢/lb -1.00 -1.58%
ZLZ28 Dec 2028 62.52 ¢/lb -0.94 -1.48%
ZLN29 Jul 2029 63.84 ¢/lb 0.00 0.00%
ZLV29 Oct 2029 63.83 ¢/lb 0.00 0.00%
ZLZ29 Dec 2029 63.15 ¢/lb 0.00 0.00%

News Stories

Farm ProgressFarm Progress•Nov 04 USDA Exports: Spain buys soybeans
BarchartBarchart•Nov 04 Soybeans Facing Midweek Weakness
Farm ProgressFarm Progress•Nov 04 3 keys to unlocking ag tech value in 2027
BarchartBarchart•Nov 04 Soybeans Facing Weakness on Wednesday Morning Following Elections
Farm ProgressFarm Progress•Nov 04 Will farmers get higher corn and soybean prices for Christmas?
Farms.comFarms.com•Nov 03 Market Trends Report – October & November 2026
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Contract Specifications

Contract December 2026 · ZLZ26
Exchange Chicago Board of Trade · ZL
Contract size 60,000 pounds
Tick size 0.01¢ per pound · $6.00 per contract
Value of a 1¢ move $600 per contract
Contract months Jan, Mar, May, Jul, Aug, Sep, Oct, Dec (F, H, K, N, Q, U, V, Z)
Trading hours 7:00 pm – 7:45 am and 8:30 am – 1:20 pm CT, Sun–Fri
Settlement Physical delivery
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