About this chart: This is the weekly chart of CBOT Soybean Oil futures. You can see the low futures price ($38.60) in August 2024, and another major low ($39.20) in December. From that low, soybean oil rallied to the high ($58.00) in July 2025, before dropping to $47.50 in December 2025.
What does this mean for you: The rally this week has prices testing long-term resistance at $52.50. Now a close above $52.50 will project prices up to the July high ($58.00). A rally to $58.00 would add about 60 cents to the value of a bushel of soybeans.