ZL #F: Soybean Oil Provides a Long Opportunity in 3 Swings Pullback April 19, 2023 By EWF Helgi Soybean Oil is one of the grain & oilseed commodities, along with wheat, soybeans, corn, rice, oats and others. Just behind palm oil, it is the second most used vegetable oil, basically, for frying and baking. Also, soybean oil finds applications medically and, when processed, for printing inks and oil paints. One can trade Soybean Oil futures at Chicago Board of Trade in contracts of 60’000 pounds each under the ticker ZL #F. In the initial article from November 2020, we have forecasted an new cycle higher from an important bottom in April 2020. We were right. Indeed, the prices have extended to the new all-time highs by printing a top at 73.74. Then, in December 2021, we were exp