# Soybean oil intraday up 0.54%; institutions say oils to stay in wide range consolidation

> 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.

- Date: 2026-11-02 · published 2026-11-02T21:06:57.910Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/75788-soybean-oil-intraday-up-0-54-institutions-say-oils-to-stay-in-wide-range
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Sources

- goodsfu.10jqka.com.cn: https://goodsfu.10jqka.com.cn/20261102/c681351378.shtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.