Analysts expect that as of the week ending January 15th, the sales volume of US soybean oil exports will be between 5,000 and 25,000 tons.
Analysts expect US soybean oil exports to sell 5,000-25,000 tons, indicating robust demand. Expected to boost spot prices, as increased exports may alleviate supply pressure and support the strengthening of the spot market. Based on the soybean oil futures data from Dalian Commodity Exchange (such as the settlement price of 2605 contract at 8,088 RMB/ton, up+48), the positive export expectations may continue the upward trend of futures, and the increase in holdings by 27,775 lots reflects the bullish sentiment in the market.
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