Soybean Oil Downside Limited

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Dalian Soybean Oil Futures opened slightly higher on September 13 and rebounded in the afternoon. It eventually closed higher. The U.S. Department of Agriculture’s report in September was bearish and the market is likely to fluctuate and weaken during the next period of policy regulation or anticipation. However, the overall performance of domestic agricultural products in the vicinity of double-decked stocks has strengthened the inflation expectations of the market. This provides support for domestic soybean futures prices, and it is expected that the short-term downside of soybean oil is limited.

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