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National Grain and Oil Information Center: It is expected that domestic soybean oil prices will fluctuate weakly in the near future.

K-LinePoet
First, the USDA raised its estimate of U.S. soybean planting area, leading to an expected increase in U.S. soybean production, which dragged down prices of domestic soybean-related products.
Second, the current domestic soybean oil spot inventory is at a high level of over one million tons, and the soybean crush volume in July is still expected to be high, continuing the loose supply-demand situation.
Third, the decline in international crude oil prices reduces the cost-effectiveness of biodiesel, and the market has doubts about the implementation effect of Indonesia's B50 policy, suppressing sentiment in the oil and fat market. (National Grain and Oil Information Center)
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