Market rumors continue, and the supply pressure of vegetable oil is heavy.

In early trading, oil futures opened lower, vegetable oil and soybean oil fell more than 3%, and palm oil fell more than 1%. Ruida Futures said that the export data of horse palm fell in the first ten days of November, and there were rumors that Indonesia might slow down the plan to improve biodiesel blending requirements. In addition, Lee Zeldin, a former congressman from New York, is expected to be the director of the US Environmental Protection Agency. He is regarded as an opponent of the biofuel industry, suppressing the high level of oil and fat, dragging down the domestic market. Domestically, in the short term, domestic rapeseed supply is still abundant, and vegetable oil stocks remain relatively high. However, the strong palm oil market boosted the vegetable oil market. Guoxin Futures said that due to the lack of further new trends in China-Canada trade policy, market rumors continued, the pressure on vegetable oil supply was heavy, and bulls concentrated on leaving. Oil entered the adjustment period in the short term, and the bulls held it cautiously.