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October saw oil and oilseed prices move lower, with soy and rapeseed complexes stronger than palm oil and oil stronger than meal. Attention turns to US soybean demand, China's purchases ahead of the November 4 midterms and APEC on November 18, and South American crop estimates.
Palm, Russia-Ukraine and China vegetable oil stocks are all high.
Stronger soyoil relative to soymeal reflects biofuel crush margins and reduced meal demand from weakening hog numbers. Possible resumption of Black Sea shipments and Indonesian export tariff cuts add supply pressure on vegetable oils.
cnoil.com.cnNov 4, 2026Not 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.
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.
