
China exported a record 70,877 tonnes of soybean oil in October, mostly to India, after domestic demand weakened and processors built surplus stocks. Chinese commercial soyoil stocks exceeded 1 million tonnes, a seven-year high for mid-November.
Cheap Chinese soyoil flowing to India adds competition in the global vegetable oil market and reflects heavy crush-driven oil supply, which pressures soyoil and palm prices.
After 152 past bearish trade events, SBO moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 158 past bearish trade events, PALMOIL moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
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.