China's soybean oil inventories have reached a record as crushers kept processing at elevated rates after heavy September soybean imports. Domestic edible oil demand stayed sluggish after the autumn holiday buying season, with commercial stocks estimated at 1.45 to 1.50 million tonnes through October.
A large oil overhang in the largest vegetable oil importer caps crush margins and can reduce soybean import demand, which is bearish for soybean oil and soybeans; high Malaysian palm oil stocks add competing supply.
Not enough comparable past events yet for a historical read.
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.