ShouChuang Futuros: La caída máxima del aceite de soja en EE. UU., las grasas en el mercado interno con caída limitada

Overnight, US soybean oil hit the limit down, and canola dropped over 5%. This was influenced by the limit down of US soybeans and rumors that the RVO policy will be delayed until April, while international crude oil also experienced a significant pullback. After a rise in the domestic oil market yesterday, there was a slight correction today, with palm, canola, and soybean oil declining by 0.5-1%, which is much lower than the declines of US soybean oil and canola. The situation of the Middle East war has not improved substantially, and international crude oil rebounded strongly during the day. The export situation in Southeast Asia is strong in the short term, providing support for the market. However, attention should be paid to the impact of the decline in soybean and canola costs on soybean and canola oil. Overall, before there is substantial improvement in the Middle East issue, there is continuous favorable support for oils, especially palm oil. However, in the short term, the fundamentals and prices of surrounding products limit the market’s upward movement, and short-term expectations should not be set too high. In terms of operation, be cautious in holding palm oil and canola oil long positions, and observe for new orders. (First Capital Futures)