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China’s soybean oil benchmark price was 8,742 yuan per ton on November 10, 3.74% below its level at the start of the month. The report attributes the decline to weaker crude oil, ample domestic vegetable oil supply from high soybean arrivals and crushing, and seasonally subdued demand; the price edged up 0.18% on the day.
Lower crude oil prices weaken biofuel-linked demand expectations for soybean oil, while ample supplies and soft consumption add pressure. This points to a bearish near-term bias for soybean oil, despite the small daily rebound.
gengduzhiku.comNov 10, 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.
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.
