Soybean Oil Price Today & History ZL=F
Quoted per pound (USD)
Soybean Oil (ZL=F) is trading up at $66.990 per pound (+0.45%), as of the latest quote.
Soybean Oil price history
Soybean Oil last closed at $66.990 per pound on Oct 20, 2026. That is +30.56% over one year. Over the past 52 weeks its closing price ranged from $47.900 (Dec 19, 2025) to $79.090 (Jun 1, 2026).
| Period | Change |
|---|---|
| 1 month | -1.05% |
| 6 months | -7.14% |
| Year to date | +39.36% |
| 1 year | +30.56% |
| 3 years | +25.47% |
| 5 years | +3.54% |
| Year | Highest close | Lowest close | Year-end close | Change |
|---|---|---|---|---|
| 2026 (to date) | $79.090 | $48.820 | $66.990 | +39.36% |
| 2025 | $57.540 | $39.400 | $48.070 | +20.84% |
| 2024 | $49.620 | $39.470 | $39.780 | -16.85% |
| 2023 | $72.560 | $46.200 | $47.840 | -25.03% |
| 2022 | $90.600 | $56.210 | $63.810 | +13.34% |
| 2021 (from Oct 20) | $64.700 | $52.010 | $56.300 | — |
Daily closing prices for ZL=F over the last five years, from Yahoo Finance. Highest and lowest are daily closes, not intraday extremes. The current year runs to the latest close.
About Soybean Oil
Soybean oil is the leading US vegetable oil and a major feedstock for biodiesel and renewable diesel. CBOT soybean-oil futures (ZL) trade in US cents per pound.
About the Soybean Oil market
Soybean oil is pressed from soybeans and used as a cooking oil, in processed food, and increasingly as a feedstock for biodiesel and renewable diesel. Its benchmark contract is Soybean Oil Futures on the Chicago Board of Trade (CBOT), part of CME Group, under the product code ZL. One contract covers 60,000 pounds and is quoted in US cents per pound, and the contract is physically deliverable.
Soybean oil's price depends on the soybean crop and on how much is crushed, since crushing yields both oil and meal. Weather in major growing regions affects the harvest. On the demand side, government biofuel policies can shift large volumes into fuel, and prices of competing vegetable oils such as palm oil, as well as crude oil and diesel, influence what buyers will pay. Trade policy and the US dollar matter too, because so much is traded internationally.
Recent News (5)
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Epoxidized Soybean Oil Market worth $0.72 billion by 2031 - Exclusive Report by MarketsandMarkets™ DELRAY BEACH, Fla., Sept. 30, 2026 /PRNewswire/ -- According to MarketsandMarkets™, the Epoxidized Soybean Oil Market is projected to reach USD 0.72 billion by 2031 from USD 0.55 billion in 2026, at a…
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Soybean Oil Prices Are Falling as Crude Sells Off. 1 Trade to Make Here.
Soybean Oil Prices Are Falling as Crude Sells Off. 1 Trade to Make Here.
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Soybean Oil Market Size to Reach $57.66 Billion by 2031 Driven by Biofuel Demand and Supply-chain Traceability, Reports Mordor Intelligence HYDERABAD, India, Sept. 21, 2026 /PRNewswire/ -- According to Mordor Intelligence, the global soybean oil market size is estimated to grow from USD 43.87 billion in 2026 to USD 57.66 billion by 2031, …
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Soybeans Rallying to Start the Week, with Bean Oil Leading the Charge
Soybeans Rallying to Start the Week, with Bean Oil Leading the Charge
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ICE canola futures rise on soyoil strength amid light trading
ICE canola futures rise on soyoil strength amid light trading
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