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China’s domestic soybean oil spot prices fell this week, with coastal quotations down 180–230 yuan per tonne from the previous week. Basis quotations rose in some areas, while high soybean oil and soybean meal inventories and subdued downstream demand were expected to limit price gains.
High inventories and weak demand weigh on soybean oil prices, while firmer basis quotations and a possible rebound in futures offer some support. The overall outlook points to limited upside.
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.