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China's soybean oil benchmark price was 8,850.00 yuan per tonne on November 13, down 0.43% on the day. That is 2.55% below the early-November level of 9,082.00 yuan per tonne.
The price sits in the mid-to-high part of its one-year range of 8,124 to 9,250 yuan.
A lower domestic benchmark signals softer Chinese soybean oil values, which weighs on feed-fat and oilseed pricing. The move is modest and routine rather than driven by a new supply or demand shock.
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.