Malaysian palm oil and CBOT soybean oil markets are severely diverging, failing to provide effective guidance for the domestic oil and fat market. Domestic oil mills are gradually entering holiday mode, with purchasing and sales stagnating. Pre-holiday stockpiling is mostly completed, and terminal demand remains weak. In the short term, soybean oil spot prices are expected to fluctuate and consolidate. (China Feed Industry Information Network)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Pre-holiday oil and fat stockpiling is basically wrapping up, with weak terminal demand
Malaysian palm oil and CBOT soybean oil markets are severely diverging, failing to provide effective guidance for the domestic oil and fat market. Domestic oil mills are gradually entering holiday mode, with purchasing and sales stagnating. Pre-holiday stockpiling is mostly completed, and terminal demand remains weak. In the short term, soybean oil spot prices are expected to fluctuate and consolidate. (China Feed Industry Information Network)