In the week to November 10, China's edible oil market broadly weakened, with palm oil falling sharply after unexpected inventory builds at origin and cooling biodiesel sentiment. Soybean and rapeseed oil followed lower.
Peanut oil and corn oil rose slightly on their own cost factors, while sunflower oil held steady at high prices.
Palm oil is the main price driver in the edible oil complex, and its inventory build and weaker biodiesel outlook point to lower vegetable oil prices. Corn oil's gain reflects tight germ supply rather than demand, so its upside is limited.
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.