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On November 3, the Shanghai-based Shengyishe benchmark price for soybean oil was 9090.00 yuan per ton, up 0.09% from 9082.00 at the start of the month. The price sits near the top of its one-year range of 8124 to 9250 yuan per ton.
A benchmark price with only a marginal daily change signals routine trading with no new supply or demand driver. Prices remain high in the annual range, which keeps Chinese soybean oil costs elevated for feed-adjacent processors.
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.