Commodity News
SunSirs: Soybean Oil Prices Rose on July 28
July 29 2022 10:12:24 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, on July 28, the price of soybean oil was 10,470 RMB/ton, and the soybean oil market rose by 3.46% in a single day.
Analysis review
The good rate of U.S. soybeans has declined, and the external market has reappeared. In addition, domestic soybean oil inventories have continued to decline, the market has been supported, and soybean oil has ushered in a rising market.
Market outlook
U.S. soybeans are in the growing season, and the subject of weather speculation is still there. In the future, soybean oil will still oscillate and rise.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
Related Information
- 2024-04-08 SunSirs: Weak Demand, China Domestic Soybean Market is Stable
- 2024-03-28 SunSirs: Weak Performance of China Domestic Soybean Market in March
- 2024-03-22 SunSirs: Weak Supply and Demand, China Domestic Soybean Market is Weak and Stable
- 2024-03-15 SunSirs: Negative News, China Domestic Soybean Market is Weakening
- 2024-03-07 SunSirs: National Reserve's Purchase Price Lowers, China Soybean Market Weakens
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