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Domestic Chinese soybean oil futures closed up 0.46% at 8,771 yuan per ton on November 12. CBOT soyoil and Malaysian palm oil rose sharply the previous day, and Malaysian palm output for October 1-10 fell 26.05% month-on-month according to SPPOMA.
China's state reserve agency has begun buying soybean oil.
Lower Malaysian palm output and state soyoil purchases in China reduce inventory pressure and support prices. Rising imported oil costs also strengthen the cost-driven rebound in domestic vegetable oil markets.
goodsfu.10jqka.com.cnNov 12, 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.
