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China's soybean oil inventories reached a record of about 1.5 million tonnes by late October, as crushing outpaced domestic consumption. Dalian soybean oil futures fell about 1% on 3 November, and crushers are pushing exports.
Heavy Chinese stocks and forced exports soften regional vegoil prices and weaken crush margins, which weighs on soybean price upside.
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.