Soybean Oil
View indicative pricing and leverage information for Soybean Oil
Soybean Oil insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
| Pivot point | 7024.5 |
| Bid | |
| Offer | |
| Distance |
| High | 7108.2 |
| Low | 6894.7 |
| Close | 7070.7 |
| S1 | 6940.9 |
| S2 | 6811 |
| S3 | 6727.4 |
| R1 | 7154.4 |
| R2 | 7238 |
| R3 | 7367.9 |
Last updated 8/28/2026, 6:20:00 PM
| Pivot point | 6915.6 |
| Bid | |
| Offer | |
| Distance |
| High | 7108.2 |
| Low | 6567.8 |
| Close | 7070.7 |
| S1 | 6722.9 |
| S2 | 6375.2 |
| S3 | 6182.5 |
| R1 | 7263.3 |
| R2 | 7456 |
| R3 | 7803.7 |
Last updated 8/28/2026, 6:20:00 PM
| Pivot point | 6969.2 |
| Bid | |
| Offer | |
| Distance |
| High | 7599 |
| Low | 6560.3 |
| Close | 6748.4 |
| S1 | 6339.5 |
| S2 | 5930.5 |
| S3 | 5300.8 |
| R1 | 7378.2 |
| R2 | 8007.9 |
| R3 | 8416.9 |
Last updated 7/31/2026, 6:20:00 PM
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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Soybean Oil overview
Soybean oil is a commodity available to trade with StoneX Trading. Soybean oil futures and options contracts are primarily traded on the Chicago Mercantile Exchange (CME). Soybeans are the second most-used crop for vegetable oil production behind palms.
The largest producers of soybean oil are the United States, China, Brazil and Argentina. The US, China and Brazil also consume the most soybean oil globally. Soybean production – and therefore the market price – is primarily impacted by environmental factors such as droughts.
| Margin from | 10.0 % |
| Min trade size | 1 |
| Long | 0 |
| Short | 0 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 0.1 Points |
Spreads
| Spreads from | 4.0 Points |
Margins
| 0 - 3.2 | 10.0 % |
| 3.2 + | 24.0 % |
Dealing
| Spreads from | 4.0 Points |
Margins
| 0 - 3.2 | 10.0 % |
| 3.2 + | 24.0 % |
Commodities explained
How do I calculate margin when trading commodities?
Margin is calculated by applying the required margin percentage to the total value of a position.
For example, a position worth 5,000 with a 10% margin requirement would require 500 in margin.
The total position value depends on the instrument used, such as CFDs or spread betting.
Learn more about how to trade commodities.
Can anyone trade commodities?
Commodity trading is available to individuals who meet the requirements to open a StoneX Trading account.
As leveraged products are typically used, trading commodities involves a higher level of risk compared to traditional investing.
With StoneX Trading, you can trade commodities alongside stocks, indices, forex and more – all on a single platform with one login. All StoneX Trading clients get access to our full range of commodities, including 25+ commodities.
To get started, open your trading account.
Is commodity trading suitable for beginners?
Commodity trading can be suitable for beginners, provided the risks are understood and a clear trading approach is in place.
A demo account can be used to practise trading with virtual funds before moving to live markets.