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China's soybean oil benchmark price was 8,726 yuan per tonne on November 9, unchanged on the day. It was down 3.92% from 9,082 yuan per tonne at the start of the month.
The reported decline signals weaker domestic soybean oil pricing, but the item gives no new supply or demand cause. The price implication is modestly bearish for soybean oil.
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.