Soybean oil futures fell on the first trading day after President Trump suggested he might delay his summit with Chinese President Xi Jinping later this month. US biofuel credits also dropped to a one-month low.
Delay of the US-China summit raises doubts over Chinese purchase commitments, pressuring soybean and soyoil prices. Weaker biofuel credits reduce the incentive for renewable diesel feedstock demand.
Setelah 152 peristiwa perdagangan bearish sebelumnya, Minyak Kedelai bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -2,1% sampai +2,1%), dan -0,1% selama 20 sesi.
Setelah 803 peristiwa perdagangan bearish sebelumnya, Kedelai bergerak median +0,0% selama 5 sesi (51% lebih tinggi; separuh tengah -1,7% sampai +1,7%), dan +0,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Soybean oil slid after Trump suggested delaying the Xi summit, which hurt China demand sentiment, and US biofuel credits fell to a one-month low.
Soyoil fell on the summit-delay threat and biofuel credits dropped to a one-month low, adding pressure on soybean crush value.