Staying on top of the CBOT market on a regular basis can be a daunting task for those that don’t have to do it as a daily part of their job.
As the soybean market changes, it affects the price of soybean oil, canola oil and other oils that are dependent on the soybean board. Fluctuations on a daily or weekly basis can make a significant impact on your bottom line.
Having a bit of perspective as you’re tracking your prices as they go up or down can be very helpful. That’s what I’m providing today: a bit of perspective over time.
The following are graphs from the last year, 5 years, 10 years, 15 years, 20 years, 25 years and 30 years