March Soybean Oil vs March Corn – 12/17/2022

March soybean oil and March corn have maintained a close correlation over the past 50 years. Currently, soybean oil is trading  on the high side of the price of corn. Both March soybean oil and March corn futures prices have  a bullish bias (a 20% advantage of bull years over bear markets) from late December  into the January/March period.