Soybean oil: Horse brown report is bearish, soybean oil prices are under pressure and decline
2024-06-14 02:31:54
Golden Ten Futures, June 14, Monday, the Malaysian Palm Oil Bureau MPOB released the latest monthly supply and demand report, showing that production and inventories have increased, and the data is bearish. Affected by this, the soybean oil market has come under pressure and fallen. The supply of domestic raw soybeans is abundant, the overall start of oil plants is high, and the supply of soybean oil is abundant. In the context of light demand, it is expected that short-term soybean oil prices will mainly fluctuate and fall.
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