# Nanhua Futures: oils to stay in a choppy rebound in the short term, limited upside room

> Overnight palm oil futures rose 0.76% to 8,990 yuan/t, leading gains, while rapeseed oil rose 0.65% and soybean oil slipped 0.08%. Malaysia's Nov 1-10 palm output fell 26.05% and yield dropped 24.52%, and exports rose 8-12% month on month according to cargo surveyors. Malaysian October palm stocks are at a 3.62 million t high, and China's soybean oil commercial stocks sit above 1.5 million t.

- Date: 2026-11-13 · published 2026-11-13T06:06:01.908Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/97170-nanhua-futures-oils-to-stay-in-a-choppy-rebound-in-the-short-term-limited
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Seasonal Malaysian output cuts and rising exports tighten palm supply, but record stocks limit the rally. Soybean oil faces pressure from loose supply, and the El Niño crop cut and biodiesel policy remain medium-term supports.

## Read by commodity

- SBO: neutral
- WTI: neutral
- CANMEAL: neutral
- PALMOIL: bullish ▲

## Sources

- goodsfu.10jqka.com.cn: https://goodsfu.10jqka.com.cn/20261113/c681781432.shtml

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