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CBOT Soybean Oil Falls 0.5% on Thursday as Crude Oil Weakness Weighs

2026-07-16 23:50:54

According to Jin10 Futures, CBOT soybean oil futures closed lower on Thursday, with the benchmark contract declining 0.5%, primarily driven by weak crude oil futures and unwinding of crushing spreads. Meanwhile, the U.S. Department of Agriculture's weekly export sales report showed that soybean oil net sales for the 2025/26 marketing year declined by 300 tonnes in the week ending July 9, compared to net sales of 900 tonnes the previous week.

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