Group 1 - The core viewpoint of the article indicates that domestic soybean oil prices in China are expected to continue their upward trend in 2026, supported by international market dynamics and domestic supply-demand factors [1][6] - In 2025, the average price of domestic first-grade soybean oil is projected to be 8,314 yuan per ton, reflecting a year-on-year increase of 3.23% compared to 2024, while the average price of CBOT soybean oil is expected to rise by 11.39% to 49.27 cents per pound [1][6] - The correlation coefficient between CBOT soybean oil prices and China's first-grade soybean oil prices over the past five years is 0.80, indicating a strong positive correlation [1] Group 2 - In 2025, a significant price disparity exists between northern and southern regions of China, with southern prices generally higher due to stronger demand and economic conditions [3][4] - The price gap between southern and northern soybean oil markets narrowed in 2025, primarily due to high palm oil prices affecting demand dynamics [4] - The domestic soybean crushing capacity is expected to continue expanding in 2026, with high import levels of soybeans providing a solid raw material foundation for soybean oil production [6]

Core Viewpoint - The Chicago Board of Trade (CBOT) soybean oil futures are experiencing a strong performance, with prices showing an upward trend as of January 28, 2023 [1]. Group 1: Market Performance - On January 28, CBOT soybean oil futures opened at 54.40 cents per pound and are currently at 54.77 cents per pound, reflecting an increase of 0.68%. The intraday high reached 54.80 cents per pound, while the low was 54.31 cents per pound [1]. - On January 27, the opening price for soybean oil was 53.75 cents per pound, with a high of 54.53 cents, a low of 53.35 cents, and a closing price of 54.36 cents, marking a 0.93% increase [2]. Group 2: Supply and Demand Dynamics - On January 27, Argentina's soybean oil (February shipment) C&F price was reported at $1231 per ton, an increase of $4 per ton compared to the previous trading day. The April shipment price was $1151 per ton, also up by $4 per ton [2]. - The national first-class soybean oil transaction volume on January 27 was 38,500 tons, which is a 6.06% increase compared to the previous trading day [2]. - As of January 27, the national soybean oil port inventory stood at 892,000 tons, down from 934,000 tons on January 20, indicating a decrease of 42,000 tons [2].

Group 1 - The core viewpoint of the news is that soybean oil futures prices at the Chicago Board of Trade (CBOT) are experiencing an upward trend, with a slight increase noted on December 31 [1] - On December 30, the opening price of soybean oil futures was 49.26 cents per pound, reaching a high of 49.68 cents and a low of 49.15 cents, closing at 49.38 cents, reflecting a 0.26% increase [2] - The trading volume of first-grade soybean oil in the national market on December 30 was 35,100 tons, which is a 170% increase compared to the previous trading day [2] Group 2 - The C&F price of Argentine soybean oil for February shipment was reported at $1,145 per ton, an increase of $5 per ton from the previous trading day [2] - Conversely, the C&F price for Argentine soybean oil for April shipment decreased by $8 per ton, now standing at $1,067 per ton [2] - The number of soybean oil futures warehouse receipts at the Dalian Commodity Exchange remained stable at 28,264 contracts compared to the previous trading day [2]

Group 1 - The core viewpoint of the news is that the Chicago Board of Trade (CBOT) soybean oil futures prices are experiencing fluctuations, with a current price of 51.09 cents per pound, reflecting a 0.22% increase from the opening price [1] - On September 10, the opening price of CBOT soybean oil was 50.58 cents, reaching a high of 51.00 cents and a low of 50.02 cents, closing at 50.83 cents, which represents a 0.71% increase [2] - The trading volume of national first-grade soybean oil on September 10 was 23,000 tons, showing a significant increase of 360.00% compared to the previous trading day [2] Group 2 - The C&F price of Argentine soybean oil for October shipment was reported at $1,146 per ton, down by $18 per ton from the previous trading day [2] - The C&F price for Argentine soybean oil for December shipment was reported at $1,142 per ton, down by $26 per ton from the previous trading day [2] - The number of soybean oil futures warehouse receipts on the Dalian Commodity Exchange remained stable at 24,544 contracts compared to the previous trading day [2]