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.

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