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The spot price of soybean oil is expected to fluctuate weakly in the near future.
Yesterday, oilseed futures prices fluctuated and declined. The situation in the Middle East remains uncertain, and international crude oil prices continue to fluctuate, which will still be an important factor affecting the trend of domestic and international oilseed prices in the short term. Domestic soybean oil inventory is decreasing slowly at a low level, and terminal demand is weak. Coupled with the decline in international oil prices, the spot basis has weakened, and it is expected that the spot price of soybean oil will fluctuate weakly in the near term. (China Feed Industry Information Network)