CBOT Soybean Oil market surged significantly before the Spring Festival, with demand speculation driving U.S. soybean oil to maintain a rebound momentum.

2026-02-28 02:32:57

CBOT soybean oil market surged significantly before the Spring Festival, driven by demand speculation, maintaining a rebound trend in U.S. soybean oil. The Malaysian palm oil market also recovered strongly after the low period before the Spring Festival. During the holiday, rising crude oil prices boosted international vegetable oil prices. After the holiday, domestic soybean oil is expected to remain relatively strong supported by costs and driven by overseas markets. Domestic oilseed demand enters the traditional off-season after the holiday, with low downstream purchasing enthusiasm. Coupled with increased substitution competition between soybean oil and palm oil, palm oil is expected to fluctuate within a narrow range in the near term. (China Feed Industry Information Network)

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