According to Jin10 Futures, as of May 15, CBOT soybean oil futures declined by 0.6% week-on-week, due to weakening Chicago soybeans and soft external vegetable oils, along with weak export sales. However, soybean oil inventories below expectations provided support for prices. According to data from the National Oilseed Processors Association (NOPA), as of late April, U.S. soybean oil inventories were 1.95T pounds, down 4.5% from the previous month. Additionally, during the same period, Malaysian palm oil fell by 1.8%, Canadian rapeseed oil dropped by 2%, while Brent crude oil rose by 7.87%.

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