Soybean Oil Reamined Weak

By CnAgri2013-09-18 13:46:37 Print Soybean Oil: Soybean oil price decreased this week. Commercial inventory of soybean oil totals 0.9988 million MT currently, down 150200MT from last year’s 1.149 million MT with decrease rate of 13.07%, but still records high. With strong demand for soymeal, oil plants enhanced crushing efforts. However, smooth sales of soymeal brought greater pressure on the unmarketable soybean oil. Since supply and demand condition remains loose, soybean oil price is predicted to go weak with fluctuation. (Figure 6 and Figure 7)



From “China Oil and Oilseeds Market Weekly Report”