Group 1 - The core viewpoint of the news is that CBOT soybean oil futures prices are experiencing fluctuations, with a slight increase observed on August 1, 2023 [1] - On July 31, 2023, CBOT soybean oil futures opened at 56.09 cents per pound, reached a high of 56.39 cents, a low of 54.56 cents, and closed at 54.78 cents, reflecting a decrease of 2.25% [2] - The trading volume of national first-grade soybean oil on July 31 was 33,500 tons, which represents a decrease of 67.32% compared to the previous trading day [2] Group 2 - As of July 24, 2023, the USDA reported that net sales of soybean oil for the 2024/2025 marketing year were 0.3 thousand tons, compared to -0.1 thousand tons the previous week [2] - For the 2025/2026 marketing year, net sales of soybean oil were reported at 0.1 thousand tons, down from 0.2 thousand tons the previous week [2] - On July 31, the Dalian Commodity Exchange reported zero soybean oil futures warehouse receipts, a decrease of 13,709 receipts from the previous trading day [2]

Group 1 - The main contract for soybean oil futures showed a slight decline of 0.37%, with a current price of 7972.00 yuan and a low of 7938.00 yuan during trading [1] - The market sentiment is influenced by the easing situation in the Middle East and the decline in crude oil prices, which has led to a drop in both US soybean oil and soybeans, affecting domestic soybean products [2] - The supply of soybean oil remains ample due to high import volumes and a monthly average crushing capacity of nearly 10 million tons, while demand is currently weak [2][3] Group 2 - Futures firms have differing views on the short-term outlook for soybean oil, with some suggesting a short position while others anticipate a potential for stronger fluctuations [2] - The pressure levels for soybean oil are noted at 8100-8130 yuan, with support levels at 7830-7850 yuan per ton [2] - The instability in crude oil prices is contributing to the downward trend in oilseed prices, despite the high crushing levels at oil mills [3]