Soybean Oil (ZL-F)
Commodities · Grains · data since 2000-03-15 · last close 2026-09-09
Soybean Oil (ZL-F) monthly returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.3 | 14.5 | 12.4 | 10.9 | 1.8 | -14.1 | 0.6 | 5.0 | 0.1 | · | · | · |
| 2025 | 15.9 | -5.6 | 3.1 | 8.2 | -3.5 | 12.0 | 5.8 | -7.4 | -5.0 | -0.4 | 6.3 | -7.1 |
| 2024 | -3.8 | -3.0 | 7.4 | -11.8 | 7.6 | -3.8 | -1.1 | -0.4 | 0.9 | 3.8 | -7.8 | -4.4 |
| 2023 | -2.3 | -4.1 | -7.1 | -7.0 | -10.5 | 40.7 | 0.9 | -0.1 | -12.3 | -10.5 | 1.7 | -8.5 |
| 2022 | 15.1 | 12.4 | -4.0 | 27.5 | -12.6 | -10.3 | -1.9 | 6.0 | -10.2 | 12.0 | 2.8 | -15.2 |
| 2021 | 3.0 | 15.1 | 3.1 | 29.4 | -3.9 | -1.0 | 1.0 | -9.8 | -1.0 | 4.2 | -10.1 | 2.2 |
| 2020 | -13.2 | -5.4 | -4.6 | -2.9 | 4.4 | 2.2 | 10.5 | 6.6 | 1.2 | 0.7 | 12.7 | 14.4 |
| 2019 | 9.5 | -0.7 | -5.3 | -2.8 | 0.0 | 2.4 | -1.7 | 3.2 | 1.2 | 6.1 | -1.1 | 13.4 |
| 2018 | -0.0 | -3.4 | -0.3 | -4.8 | 2.5 | -6.4 | -1.3 | -1.3 | 1.1 | -2.3 | -0.7 | -1.0 |
| 2017 | -1.7 | -0.5 | -5.7 | -1.0 | -0.3 | 5.1 | 5.4 | 0.0 | -6.2 | 6.7 | -2.9 | -2.0 |
| 2016 | 1.1 | -0.8 | 11.7 | -3.9 | -3.2 | -1.4 | -3.3 | 7.0 | 2.4 | 5.8 | 4.6 | -6.4 |
| 2015 | -6.2 | 9.3 | -7.3 | 3.7 | 5.8 | 0.7 | -10.7 | -6.9 | -2.9 | 4.1 | 3.2 | 5.0 |
| 2014 | -3.0 | 10.3 | -2.6 | 3.6 | -8.1 | 0.9 | -7.0 | -11.3 | 0.7 | 7.8 | -7.5 | -0.7 |
| 2013 | 7.5 | -7.6 | 2.6 | -2.0 | -1.5 | -4.0 | -9.3 | 4.3 | -7.0 | 1.2 | -2.7 | -3.5 |
| 2012 | -2.3 | 6.3 | 1.9 | -0.8 | -10.0 | 6.1 | 0.7 | 7.4 | -7.5 | -3.9 | -1.5 | -0.5 |
| 2011 | 0.2 | -1.9 | 3.5 | -1.1 | 0.6 | -5.9 | 1.1 | 5.2 | -14.7 | 2.4 | -3.7 | 5.7 |
| 2010 | -10.4 | 8.7 | -2.5 | 0.7 | -2.5 | -3.5 | 9.8 | -0.9 | 13.2 | 10.3 | 2.7 | 14.0 |
| 2009 | -1.7 | -5.7 | 9.0 | 7.7 | 7.8 | -10.3 | 0.1 | -0.2 | -2.9 | 7.2 | 10.4 | 0.4 |
| 2008 | 10.0 | 26.9 | -24.5 | 12.0 | 6.3 | 7.7 | -11.8 | -8.3 | -17.6 | -23.6 | -3.0 | 2.2 |
| 2007 | 0.3 | 3.1 | 7.4 | 2.7 | 7.1 | 2.6 | 3.1 | -3.2 | 8.1 | 7.1 | 7.9 | 7.0 |
| 2006 | 4.9 | 5.5 | -3.4 | 12.1 | -1.5 | 4.8 | 1.4 | -5.7 | -5.7 | 12.9 | 8.8 | 0.3 |
| 2005 | -6.1 | 19.9 | -1.4 | -1.4 | 2.5 | 2.0 | 3.0 | -7.8 | 5.8 | -3.6 | -7.9 | 1.2 |
| 2004 | 5.0 | 16.8 | -5.7 | 5.6 | -17.6 | 0.5 | -21.9 | 18.6 | -21.4 | 4.8 | -4.1 | -0.1 |
| 2003 | -4.2 | 2.1 | 2.9 | 2.1 | 1.1 | -0.8 | -11.5 | 7.5 | 18.7 | 5.6 | 4.7 | 2.0 |
| 2002 | 0.0 | 0.2 | 5.5 | -0.4 | 16.2 | -2.4 | 10.7 | 2.1 | -4.4 | 10.6 | 4.5 | -6.9 |
| 2001 | 0.2 | 2.3 | 8.3 | -9.3 | 1.8 | 1.1 | 19.8 | -7.1 | -4.2 | -1.5 | -0.2 | -3.1 |
| 2000 | · | · | 8.7 | -3.8 | -9.9 | -0.1 | -1.8 | 1.1 | -2.5 | -5.0 | -1.2 | 0.5 |
| Avg | 1.1 | 4.4 | 0.5 | 2.7 | -0.7 | 0.9 | -0.4 | 0.1 | -2.7 | 2.4 | 0.6 | 0.3 |
Values in %. Current and first-listed months are partial (greyed).
returnsview.com
ZL-F seasonality — average by calendar month
Soybean Oil has monthly history back to 2000. Its strongest month by median is October — positive in 18 of 26 years, median +4.1%, and higher in 6 of the last 9. September is the soft spot, down in 16 of 26 with a median of -2.9%. Across its full record it has closed 51% of months higher, swings ±8.1% in an average month and has fallen 64.5% peak to trough.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +1.1% | +4.4% | +0.5% | +2.7% | -0.7% | +0.9% | -0.4% | +0.1% | -2.8% | +2.4% | +0.6% | +0.3% |
| Win rate | 50%/26 | 58%/26 | 52%/27 | 48%/27 | 52%/27 | 52%/27 | 56%/27 | 44%/27 | 38%/26 | 69%/26 | 46%/26 | 50%/26 |
Win rate = share of positive months / sample size.
ZL-F risk & extremes
ZL-F drawdown & rolling returns
Percent below the all-time high at each month-end — how far underwater the asset was.
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Frequently asked questions
What was Soybean Oil's best month?+
Soybean Oil's strongest completed month on record is June 2023, at +40.71%.
What was Soybean Oil's worst month?+
Its weakest completed month on record is March 2008, at -24.46%.
Is Soybean Oil up this year?+
Soybean Oil is up 46.85% year to date, measured from its last close before 1 January.
What is Soybean Oil's 1-year return?+
+42.03% over the past twelve months, comparing the latest close with the most recent close on or before the same date a year earlier.
What is Soybean Oil's biggest drawdown?+
The deepest peak-to-trough fall on record is 64.5%, measured on month-end closes since 2000.
Which calendar month is historically best for Soybean Oil?+
February has the highest average return across every completed February since 2000. An average is not a forecast.
About Soybean Oil
Soybean Oil is a grains business. Tracked here from its first session onward — every monthly, quarterly and weekly return on record since 2000, with no gaps filled in and nothing smoothed. And the long game: $100 at its first close here (2000) would be about $385 today.
Did you know?
- Its best month on record was June 2023 at +40.71%; its worst, March 2008 at -24.46%.
Trivia for entertainment — the numbers come from our price data; the jokes don't.