SOYOIL Price | SimpleFX: Free Trading & Investing App ```json { "@context": "https://schema.org", "@type": "FinancialProduct", "name": "Soybean Oil", "description": "Trade Soybean Oil with SimpleFX. Real-time financial instrument trading with competitive spreads, and professional trading platform.", "identifier": "SOYOIL", "category": "Financial Instrument", "provider": { "@type": "FinancialService", "name": "SimpleFX", "url": "https://basitfx.com", "description": "Online Trading Platform", "areaServed": "Worldwide" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/soyoil" }, "url": "https://basitfx.com/instruments/soyoil", "sameAs": [ "https://www.cmegroup.com/company/cbot.html" ], "offers": { "@type": "Offer", "price": 75.56, "priceCurrency": "USD", "availability": "https://schema.org/InStock", "seller": { "@type": "FinancialService", "name": "SimpleFX" } }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Spread", "value": "0.23 pips" }, { "@type": "PropertyValue", "name": "Contract Size", "value": 600 }, { "@type": "PropertyValue", "name": "Margin Currency", "value": "USD" } ] } ``` ```json { "@context": "https://schema.org", "@type": "InvestmentOrDeposit", "name": "SOYOIL Trading", "description": "Learn how to trade SOYOIL with SimpleFX's professional trading platform.", "category": "Trading Strategy", "provider": { "@type": "FinancialService", "name": "SimpleFX" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/soyoil" } } ``` ```json { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://basitfx.com" }, { "@type": "ListItem", "position": 2, "name": "Instruments", "item": "https://basitfx.com/instruments" }, { "@type": "ListItem", "position": 3, "name": "Commodities", "item": "https://basitfx.com/instruments/?category=commodities" }, { "@type": "ListItem", "position": 4, "name": "SOYOIL" } ] } ``` ```json { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is Soybean Oil (SOYOIL) and how can I trade it?", "acceptedAnswer": { "@type": "Answer", "text": "Soybean Oil (SOYOIL) is a financial instrument CFD available on SimpleFX. You can trade it by creating a free account, depositing funds, and opening a position directly from the trading platform. No minimum deposit is required." } }, { "@type": "Question", "name": "What is the spread on SOYOIL?", "acceptedAnswer": { "@type": "Answer", "text": "The target spread on SOYOIL at SimpleFX is 0.23 pips. SimpleFX uses a spreads-only pricing model with no additional commissions." } }, { "@type": "Question", "name": "What leverage is available for SOYOIL?", "acceptedAnswer": { "@type": "Answer", "text": "SOYOIL can be traded with up to 1:100 leverage on SimpleFX, which corresponds to a margin requirement of 1.00%. Leverage amplifies both potential gains and losses." } }, { "@type": "Question", "name": "What currency is SOYOIL margined in?", "acceptedAnswer": { "@type": "Answer", "text": "SOYOIL positions on SimpleFX are margined in USD. Your account balance in USD is used to cover the margin requirement for this instrument." } }, { "@type": "Question", "name": "What is the contract size for SOYOIL?", "acceptedAnswer": { "@type": "Answer", "text": "The standard contract size for SOYOIL on SimpleFX is 600. Position sizes are calculated based on this contract unit." } } ] } ``` 78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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English AR - العربية ES - Español FR - Français HI - Hindi ID - Bahasa Indonesia KO - Korean MY - Malay PT-BR - Português RU - Русский TH - ภาษาไทย TR - Türkçe VI - Tiếng Việt ZH - 中文 * [](/ "Home") * [Instruments search](/instruments) * [Commodities instruments](/instruments/?category=commodities) * SOYOIL [Soybean Oil price](https://app.basitfx.com/instruments/SOYOIL) =============================================================== Soybean Oil ----------- 75.32 USD \-0.14 (-0.19%) 1H 4H 1D 1W 1MN SOYOIL Key Statistics --------------------- Open price 75.17 High today 75.37 Low today 74.43 52 Week high 76.87 52 Week low 45.64 ##### Trading hours \-12:00 \-11:00 \-10:00 \-09:00 \-08:00 \-07:00 \-06:00 \-05:00 \-04:00 \-03:00 \-02:00 \-01:00 UTC 00:00 +01:00 +02:00 +03:00 +03:30 +04:00 +04:30 +05:00 +05:30 +05:45 +06:00 +07:00 +08:00 +09:00 +09:30 +10:00 +11:00 +12:00 +12:45 +13:00 +14:00 UTC 00:00 Sunday \- Monday \- Tuesday \- Wednesday \- Thursday \- Friday \- Saturday \- ##### Symbol trading specification Description SOYOIL Exchange CBOT Base Currency USD Quote Currency USD Contract size 600 Margin 1.00%\* \* for 1:1000 account leverage Tick size 0.01 Target Spread 0.23 Stop levels 0 Swap - Buy \-0.0191% Swap - Sell \-0.0153% Minimum contract size 0.01 Maximum contract size 100 Type Commodities [Trade Soybean Oil](https://app.basitfx.com/instruments/SOYOIL/chart) ### About SOYOIL **The SOYOIL price serves as a significant indicator for traders and investors alike, reflecting the current market valuation of the commodity. Those interested in the commodities market need to monitor the SOYOIL price regularly, as it offers insights into the market’s performance and potential future trends.** #### What is SOYOIL? SOYOIL, derived from soybeans, is a widely traded commodity known for its versatility and extensive use in the food industry, biofuels, and various industrial applications. For individuals looking to understand [how to trade SOYOIL](/how-to-trade/SOYOIL) without immediate financial commitment, the SimpleFX platform offers a demo account. This feature allows users to practice trading strategies in a risk-free environment. Users have the option to switch to a live account when ready, where they can experience no minimum deposit required to start and utilize leverage. This setup provides the possibility for both novice and experienced traders to become familiar with the details of SOYOIL trading. #### How does SOYOIL work? Trading commodities involves understanding [how to invest in SOYOIL](/how-to-invest-in/SOYOIL) futures contracts, which are agreements to buy or sell the commodity at a predetermined price at a specific future date. The SimpleFX platform facilitates this type of trading, offering tools and resources to help traders make informed decisions. Several factors can impact SOYOIL price movements, including changes in supply and demand, weather conditions affecting soybean crops, and fluctuations in global market trends. By analyzing these factors, traders can develop strategies to navigate the commodities market effectively. #### Current SOYOIL price The current **SOYOIL price** is subject to fluctuation due to the volatility of the market. Investors can check it on the chart, the SimpleFX Webtrader platform, or the mobile app. #### SOYOIL price history The SOYOIL price history reflects a market influenced by a variety of global economic factors, including agricultural production trends, changes in consumer preferences, and shifts in energy policy. Historical price trends might offer insights into how the commodity has reacted to past events, helping traders monitor potential future movements. #### SOYOIL market cap Understanding the SOYOIL market cap is crucial for investors looking to gauge the commodity’s size and importance within the broader market. As the market cap reflects the total value of all outstanding contracts, it offers a snapshot of SOYOIL’s current position. In the chart above, traders can check the current SOYOIL market cap and its price on the SimpleFX platform. 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