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CBOT Soybean Oil Falls 0.6% Weekly; Inventory at 1.947B Pounds Supports Prices

2026-05-17 23:45:46

According to Jin10 Futures, as of May 15, CBOT soybean oil futures fell 0.6% week-over-week, weighed by weakness in Chicago soybeans and external vegetable oils as well as soft export sales. However, lower-than-expected soybean oil inventory provided price support. U.S. soybean oil inventory stood at 1.947 billion pounds as of late April, down 4.5% month-over-month, according to the National Oilseed Processors Association (NOPA). Separately, Malaysian palm oil declined 1.8% and Canadian canola fell 2% during the same period, while Brent crude oil rose 7.87%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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