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Mysteel oils market daily: Rapeseed oil has many price drivers, while palm oil faces huge arrival pressure

Source: Mysteel Jun 01, 2026 10:42
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Plant Oil Demand Price Supply
As U.S. soybean planting is progressing relatively smoothly, the market has shifted its focus more toward near-term soybean arrivals and crushing volumes. Soybean port inventories are increasing rapidly, and both soybean oil and soybean meal stocks are gradually accumulating. In the short term, soybean oil will follow the performance of palm oil and rapeseed oil. On the spot side, basis quotes are showing a stable-to-weak trend. Last week, deferred deliveries such as JuneSeptember, AugustSeptember, and MayJuly 2027 saw increased trading volumes, while spot purchases remain on an as-needed basis.

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