Rapeseed oil futures prices fell by 2.77%, inventory pressure continued, and rapeseed oil fluctuated in the 7500-8500 range.

On March 27, the domestic futures market rapeseed oil futures prices continued to decline.

On the same day, the main contract of rapeseed oil futures opened at 8220.00 yuan/ton.

During the session, the contract price fluctuated at a low level.

As of the noon close, the main contract for rapeseed oil reached a maximum of 8222.00 yuan, falling to 8062.00 yuan, a decrease of 2.77%.

At present, the rapeseed oil market is volatile downward, and the disk performance is weak.

SDIC Essence Futures analysis shows that rapeseed prices on the outside market have generally declined, with seed prices among the top decliners.

After the rebound of oilseeds, farmers’ sales increased, and the demand for disk hedging increased.

Night oil plate, vegetable oil continued to decline.

This week, domestic oil inventories are still increasing, and the relative weakness is expected to continue.

After the profit of imported rapeseed crushing improved, the number of new rapeseed buyers increased.

The direct import of vegetable oil remains high, which may still face inventory pressure in the second quarter.

This makes it difficult to widen the price difference between vegetable oil and other oils.

In terms of cuisine strategy, it is recommended to wait and see before the US farmers report.

Shenyin Wanguo Futures analysis said that global soybean production is abundant.

Domestic soybean oil and vegetable oil supplies are abundant, and the global pattern of oil liberalization is difficult to change.

The main fluctuation range of soybean oil is 7000-8000, the fluctuation range of palm oil is 7000-8400, and the fluctuation range of vegetable oil is 7500-8500.

Dayetsu Futures said that oil prices were volatile.

The domestic fundamentals are loose, and the domestic oil supply trend is increasing.

The US bean warehouse-to-sales ratio remains around 5%, and the supply is tight.

The 23/24 USDA Brazilian soybean production reduction is basically finalized, but the overall supply in South America is relatively loose.

The stock pressure of horse brown decreases, and the warehouse reduction supports the price.

Weak demand and the season of rising production dampened growth.

Domestic oil fundamentals are neutral, and import inventories are stable.

Rapeseed oil OI2405:7900-8500 High throw and low suction.