Chinese palm oil, soybean oil and rapeseed oil futures closed lower, with palm oil down 1.59%, soybean oil down 0.39% and rapeseed oil down 1.06%. The report cited weak crude oil and softer biodiesel support, high palm and soybean oil inventories, subdued soybean oil sales, and expectations for increased future canola arrivals; low rapeseed oil stocks offered some support.
High inventories and weak demand weigh on soybean and palm oil, while prospective canola arrivals pressure rapeseed oil; low rapeseed oil stocks partly limit losses. Weaker crude and biodiesel economics remove support for vegetable-oil demand and prices.
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.
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.