Soybean Oil Price Sinks on Rising Soybean Inventories and Softer Oil Demand China's oils and fats market is facing continued supply pressure, with soybean oil prices sinking almost 10 percent in one month. Prices are likely to continue lower, thanks to rising soybean inventories and seasonally lower vegetable oil demand through the summer months. Record high palm oil stocks of 960,000 MT and new crop canola ready for marketing will also reduce prospects for a rebound in soyoil prices in the near term.The current supply pressure is mostly due to China's sales of an estimated 3-4 MMT of domestic soybean stocks during the month of May. Prices paid for auctioned soybeans ranged from 3,700-3,850 yuan per MT. With soybean prices at China's ports...