COT Reports / Agricultural / ZL

Soybean Oil (ZL): COT Report & Analysis ZL

Track how "Smart Money" institutions are positioning themselves in Soybean Oil (ZL). By analyzing the latest Commitments of Traders (COT) data from the SOYBEAN OIL - CHICAGO BOARD OF TRADE, with sector comparisons, we provide a deep dive into the current market dynamics. Understanding these underlying shifts allows you to better anticipate where the market might be heading next.

About Soybean Oil (ZL)

About Soybean Oil

Soybean Oil is a vegetable oil extracted from whole soybeans. It is one of the most widely consumed cooking oils in the world.

Primary Usage

It is used extensively in food processing, cooking, and salad dressings. Increasingly, it is a primary feedstock for the production of biodiesel and renewable fuels.

Market Dynamics & Key Drivers

  • Biofuel Mandates: Government policies regarding renewable diesel and biodiesel blending heavily influence demand.
  • Vegetable Oil Complex: Prices are highly correlated with substitute oils like palm oil, sunflower oil, and canola oil.
  • Export Competition: South American exports and global vegetable oil trade dynamics play a major role in pricing.
Market Sentiment
Increasing Bullish
Outlook
Net Position
Net Position: Difference between long and short contracts of Non-Commercials (large speculators/funds). A positive value means they are predominantly net-long (expecting rising prices).
148,439
▲ 4.9%
Market Situation
The market situation analyzes the current net positioning compared to the historical average of recent years (Z-Score). This helps to identify extreme market conditions.
Bullish

COT Charts

Positioning History

commercial and non-commercial positions
Date Position Net Position
Difference between Non-Commercial Long and Short
Non-Comm. Long
Speculators & funds betting on rising prices
Non-Comm. Short
Speculators & funds betting on falling prices
Comm. Long
Hedgers/producers hedging against rising prices
Comm. Short
Hedgers/producers hedging against falling prices
Jun 02, 2026 Bullish 148,439 207,540 59,101 322,041 478,035
May 26, 2026 Bullish 141,573 202,640 61,067 328,337 483,882
May 19, 2026 Bullish 158,107 209,661 51,554 320,353 493,109
May 12, 2026 Bullish 158,102 209,451 51,349 304,533 474,140
May 05, 2026 Bullish 168,887 220,821 51,934 288,809 471,515
Apr 28, 2026 Bullish 171,812 221,584 49,772 295,683 478,778
Apr 21, 2026 Bullish 169,081 224,348 55,267 317,537 498,917
Apr 14, 2026 Bullish 146,946 196,483 49,537 319,838 477,492
Apr 07, 2026 Bullish 148,242 196,916 48,674 317,878 482,030
Mar 31, 2026 Bullish 134,557 186,950 52,393 332,088 481,037
Mar 24, 2026 Bullish 117,135 172,116 54,981 346,316 476,871
Mar 17, 2026 Bullish 120,097 181,819 61,722 333,097 468,435
Mar 10, 2026 Bullish 101,751 179,505 77,754 338,137 453,115