美生柴政策有不确定性 豆油期货盘面震荡偏空对待

Core Viewpoint - The soybean oil futures market is experiencing slight fluctuations, with the main contract closing at 8178.00 yuan, down 0.17% from the previous session [1]. Group 1: Market Analysis - The main soybean oil futures contract showed a slight decline of 0.17%, indicating a potential bearish sentiment in the market [2]. - Increased soybean oil production and high inventory levels are putting pressure on prices, as noted by Hongye Futures [2]. - The resumption of export taxes in Argentina is affecting the competitiveness of Argentine soybean and soybean oil in the international market, leading to a rise in CBOT soybean and soybean oil prices [3]. Group 2: Inventory and Supply - As of September 12, domestic soybean oil commercial inventory stood at 1.26 million tons, showing a week-on-week decrease of 10,000 tons but a month-on-month increase of 100,000 tons, and a year-on-year increase of 110,000 tons [4]. - High inventory levels are suppressing the potential for price increases, leading to a bearish outlook on soybean oil [4]. - Domestic oil mills are operating at high rates, contributing to sufficient soybean oil supply in the market [3].