US soybean oil futures in Chicago were slightly higher at the market close on Monday September 16, with the remainder of the 2024 and most of the 2025 contracts all settling below $0.4000 per lb.

The October soybean oil contract closed at $0.3975 per lb on Monday, up by $0.0022 per lb, 0.6%, from a close of $0.3953 per lb on September 13.

December soy oil futures settled at $0.3911 per lb, up by $0.0018 per lb, 0.5%, from $0.3893 per lb during the previous trading session.

The soybean oil market was up in early trading and remained in positive ground after the noon eastern time release of US soybean crush data for August from the National Oilseed Processors Association (NOPA).

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