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Currently, soybean oil inventories have accumulated, but the pressure is not significant.
Domestic oil refineries are gradually entering holiday mode, with purchasing and sales stagnating and a rising wait-and-see sentiment, which is weakening the linkage between domestic and international markets. Currently, soybean oil inventories have accumulated, but the pressure is not significant. Oil refineries are more willing to maintain prices. Before the holiday, food and terminal stockpiling are coming to an end, with transactions mainly driven by immediate needs. In the short term, basis prices are expected to remain stable, with a high probability of slight weakening and consolidation after the holiday. (China Feed Industry Information Network)