answersLogoWhite

0


Best Answer

Soy oil prices are in cents per pound

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the units for soy oil listed on CBOT?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What crop is the best?

a wheat crop or soy beans


What are the costs and benefits of eating soy lecithin?

It's very good for heart.It contains no cholestrol. Its good if you are female. If you are male, AVOID IT. it lowers your testosterone and increases your estrogen. In other words,you become a wimp.


What are the characteristics of Philippine cuisine?

Philippine cuisine is varied and rich. They have three distinct meals a day. Influences came from Arabia, India, China, Japan and Spain. Silog (meaning meat) dishes of fish, pork, chicken and beef are prepared in "adabo" sauces (braised with onion, garlic and tomatoes), or "inadabo" (with soy, garlic and vinegar). Raw fish is marinated with vinegar and called Kannilaw. The chief staple grain of the country is rice.


What are the disadvantages of barter system?

You may not know what your possesion is worth and you may make a bad trade.There has to be a double coincidence of wants for exchange to take place.


Why do the prices for commodities fluctuate greatly?

I believe that the main reason is that there is a commodity market for the the ones that tend to fluctuate the most. It is the fact that there is a commodity market that makes them fluctuate. The market mechanism allows anyone to buy and sell commodities in an auction environment. The auction mechanism is governed by greed and fear. When greed is the driving force, prices tend to increase rapidly. When fear is the driving force, prices tend to decrease rapidly. In certain commodities such as agriculture prices can vary rapidly based on weather conditions. A dry spell in the mid west will drive up the price of corn and soy beans. A frost in Florida will send the price of orange juice through the roof. A bumper crop prediction will drive prices down. Financial markets can vary wildly based on world events such as Spain being in financial difficulty or a bank failing or even an increase in applications for unemployment.Per Cassie Wilkerson:The above is partial truth but elaborate a more realistic understanding about why commodities fluctuate is to recognize they are derived from resources that may be limited in nature perishable and non-perishable. Despite this each has limitations. The cost are semi- regulated for beneficial reason and manipulated due to adverse negative actions.Perishable commodities - agricultural items that may have an unstable life and not recycled (consumed once but they can be regenerated via seed production or live stock breading so renewable)Non-perishable commodities - ores, minerals and oil items that have stable life and can be recycled. (may be recycled to a limit but they can't regenerate or reproduce)These commodities are restricted for either positive or negative consequences that cause this price fluctuation. Social, Economical, Environmental and Political.Positive Examples:Social regulatory sanctions may include restricting contaminated foods that may harm a society from harm.Economical regulatory sanctions may protect the local economy from failure due to unfair pricing that may decline the job market.Environmental regulatory sanctions may prevent harm to the environment such as the bi-product of mining may release toxins into the air or viable water systems.Political regulatory sanctions maybe restrict the growth of one specific group to encourage equality for minority produced goods and enable fair trade agreements either internationally, nationally and regional or etc.There are negative consequences too noted:Social Disobedience:War- ensuing human perilUnfair labor practicesUnfair trade agreements- politically, socially or monetary driven agendaPanic or false- driven demandBoycott -for social, political or economical reasonsNatural Disturbance:Climate changes: damage by weatherGeographical: earthquakes, volcanoesMonetary Restrictions:Cost to extract resources higher then price obtainedLabor or limited production capitalLimited demand to produce a living wageAccess restrictions:Resources are cut off conditions of locations such as hazards to produceNon-existent infrastructure to permit production or acquirementInsufficient trained laborLack of technology or knowledge to accessWorst Case scenario:Managing limited supply resource that maybe only viable economic resource to an entire economy and life is non-regenerating or renewable.Depletion of resources- there none left to provide the commodity market collapses.Historical and On-going Events:One must assume that in the course of human history also plays a role even past events may limit current valuation in commodity trades - such as the Iraq war 2003-2010, Gulf War 1990 and the Iranian War with Russia where the oil wells were set on fire that took months even just past a year to be put out - it was estimated some 100-500 years of oil reserves were depleted or more other such resources were depleted by various incidents such as a mining accident in Centralia, PA a fire that started in 1962 is still burning today it' estimated will burn for some 250yrs that closed off an entire coal mining town. Some events stem far longer into the course of history may imply social injustice and extreme environmental damage that may increase existing costs on commodities or extreme desperation allowing underselling of commodities for necessity of human survival and resulting in social ill-will or future strife and civil unrest again to fluctuate commodity futures.

Related questions

What oils are in potato chips?

They vary with the brand. I've seen listed on labels soy oil, safflower oil, sunflower oil, coconut oil, cottonseed oil, canola oil--


What is soy lecithin?

An emulsifier made from soy oil.


Is soy a grain?

Soy, or soya, is a bean; however, many soy products are only components of soy (such as oil or protein isolates).


Is soy in white bread?

There are countless recipes for white bread, some of which may contain soy milk, soy oil, soy lecithin or other soy products.


How much soy oil goes in a candle?

The soy wax is measured, Soy wax comes in a flake form, when melted it turns to a oil like base but it's still wax, you use as much soy wax as you like to make candles. You use 1 ounce of oil per lb of soy wax, the oil is the fragrant that's used to scent your candle.


Is soy oil good to fry fish in?

it depends on what you want it to taste like... but I'm sure it would be good, cuz soy oil IS oil i guess...


Does soy sauce have oil in it?

Nani


What are the different types of soy products?

Soy products have three major divisions: soy oil products, whole bean products, and soy protein products


What can you substitutute for soy oil and soy flour?

Well just use normal oil and flour. If you really need something close, get a different type of oil and flour. Like olive oil.


What is the define of nondairy?

In foods it means the milk is removed, and probably replaced with soy, or soy oil.


Who makes chocolate without soy lecithien and soy oil?

Look at French chocolate


What are the ingredients of heath toffee bits?

The ingredients listed in Heath Toffee bits are Sugar, Butter, Partially Hydrogenated Soybean Oil, Almonds, Salt, Cocoa Butter, Artificial Flavor, and Soy Lecithin