Core Insights - The domestic futures market for oilseeds and oils experienced a significant upward trend on June 17, with major increases in prices for canola oil and palm oil, both rising over 1% [1] - As of the latest data, canola oil futures rose by 1.39% to 9571.00 CNY/ton, palm oil futures increased by 1.29% to 8466.00 CNY/ton, and soybean meal futures went up by 1.28% to 3078.00 CNY/ton, while peanut futures saw a slight decline of 0.48% to 8266.00 CNY/ton [1] Price Movements - The opening and closing prices for various oilseed contracts on June 17 were as follows: - Soybean oil: Opened at 8000.00 CNY, closed at 7960.00 CNY - Palm oil: Opened at 8480.00 CNY, closed at 8436.00 CNY - Canola oil: Opened at 9527.00 CNY, closed at 9505.00 CNY - Soybean meal: Opened at 3043.00 CNY, closed at 3045.00 CNY - Peanut: Opened at 8324.00 CNY, closed at 8296.00 CNY [2] Basis and Spot Prices - As of June 16, the basis data indicated that canola oil, palm oil, soybean one, and soybean oil contracts experienced a 'backwardation' situation, where spot prices exceeded futures prices [2] - The following basis and basis rates were reported: - Canola oil: Spot price 9656.67 CNY, futures price 9440 CNY, basis 216 CNY, basis rate 2.24% - Palm oil: Spot price 8804 CNY, futures price 8358 CNY, basis 446 CNY, basis rate 5.07% - Soybean oil: Spot price 8224 CNY, futures price 7926 CNY, basis 298 CNY, basis rate 3.62% [3]
油脂油料板块大面积上行 菜籽油、棕榈油等涨逾1%
Jin Tou Wang·2025-06-17 05:00