Core Viewpoint - The Chicago Board of Trade (CBOT) soybean oil futures prices are experiencing narrow fluctuations, with a slight increase observed on August 12, 2023 [1] Market Overview - On August 12, 2023, CBOT soybean oil futures opened at 52.92 cents per pound and are currently at 53.03 cents per pound, reflecting a 0.04% increase. The intraday high reached 53.18 cents per pound, while the low was 52.88 cents per pound [1] - On August 11, 2023, the closing price for soybean oil was 52.92 cents per pound, with an opening price of 52.58 cents, a high of 53.59 cents, and a low of 52.32 cents, marking a 0.78% increase [1] Price Movements - On August 11, 2023, the C&F price for Argentine soybean oil for September shipment was $1,149 per ton, up by $8 from the previous trading day. The price for November shipment was $1,130 per ton, up by $10 [1] - As of August 8, 2025, the commercial inventory of soybean oil in key regions of the country is 113.77 million tons, which is an increase of 20,300 tons from the previous week, representing a 1.82% growth [1] - On August 11, 2023, the price for national standard first-grade soybean oil in coastal regions ranged from 8,460 to 8,650 yuan per ton, showing an increase of 0 to 30 yuan from the previous day and a rise of 140 to 180 yuan compared to the same period last week [1]