Dalian soybean oil closed up 0.54% at 9,016 yuan a tonne on November 2, with the five-day change at -0.84%. Analysts reported high palm oil inventories in Malaysia and China, expected rising Malaysian stocks at end-October, and US renewable diesel demand for canola oil projected to rise over 50% in 2026/27.
Heavy palm and soyoil stocks cap rallies, while biofuel demand and the weather and policy premium limit downside, leaving vegetable oil prices range-bound and supporting meal-oil spreads.
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.