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Soybean Oil Futures Testing Key 50 & 200-Day Moving Averages

Barchart·09/28/2026 12:08:56
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Grain Report Chart of the Day


 

Soybean Oil


 

Daily Nearby


 

The price is being pinched between the green 50-day and purple 200-day Moving Averages.


 

The 50 is in decline, while the 200 is advancing.


 

One of these will break.


 

Which one will it be?


 

What will it mean for Canola?


 

Time will tell.

A close below the 200, and things could get slippery.

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