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China's main soybean oil futures contract fell 126 yuan per ton, or 2.16%, to 5708 yuan per ton on Monday, with the intraday low at the lowest level since October 20. Commentary attributes the pressure to record soybean output expectations.
Lower Chinese soybean oil futures signal weaker domestic oilseed prices, which can pull soybean and palm oil prices down with them.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.