# Soybean oil benchmark price at 8,742 yuan/ton on November 10, down 3.74% this month as weaker crude oil weighs on vegetable oils

> 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.

- Date: 2026-11-10 · published 2026-11-10T06:06:18.324Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/91004-soybean-oil-benchmark-price-at-8-742-yuan-ton-on-november-10-down-3-74-this
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- gengduzhiku.com: https://www.gengduzhiku.com/news/2281

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.