According to the National Grain and Material Reserve Data Center, due to the weak trend of US soybeans, strong uncertainty in diesel production policies, and significant domestic inventory pressure, soybean oil futures prices have fluctuated at a low level last week. Coupled with poor soybean crushing profits and traders' bullish mentality, spot basis quotes have slightly increased. On December 25th, the national standard first grade soybean oil base price in coastal areas was Y2605 +380-550 RMB/ton, an increase of 0-20 RMB/ton compared to the same period last week.
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