Daily review on soybean meal: US soybeans prices and soybean meal in DCE continue to drop slightly. Meantime domestic soybean meal spots are steadily weighed down with furtures today. Coastal soybean meal prices range from 2,830 to 2,920 yuan/tonne, a decline of 10-20 yuan/tonne over yesterday(Tianjin prices 2,960 yuan/tonne, Shandong 2,880-2,920 yuan/tonne, Jiangsu 2,850-2,860 yuan/tonne, Dongguan 2,880-2,890 yuan/tonne, Guangxi 2,820-2,850 yuan/tonne, where USD $1=CNY 6.581). A bearing on US soybeans will be impressive on account of the coming profit-taking after its hit the high, higher-than-expected growth rate of US soybeans and estimated raised yield by USDA reports in tomorrow night, accrordingly, soybean meal spots encounter a slight drop with futures. In some respects, soybean meal in market will be supported seeing that some oil refineries lacking soybeans are forced to stop operation when China's imported cargoes will be delayed for two weeks. Additionally, soybean meal stocks in coastal areas plunge to 0.79 Mln tonnes, 7.8% down over the previous week, resulting from overall machine halt during national holiadays. Generally, prices cut will not happen to soybean meal spots in a short term, instead, slight fluctuations with futures are about to come. But from the long run, prices drop may come about once stocks of soybean meal are gained after the high operation rate of oil refineries in next week and the larger quantities of soybeans at ports in November and December. Practically, buyers are not encouraged to chase high prices, instead, to take a hand-to-mouth purchasing.

    Daily review on imported rapeseed meal: today, prices for imported rapeseed meal slide modestly, among which prices in coastal areas stay at 2,310-2,370 yuan/tonne with a decline of 20-30 yuan/tonne(Guangxi offers 2,310 yuan/tonne, Guangdong 2,390 yuan/tonne, Fujian 2320 yuan/tonne, where USD $1=CNY 6.581). Stocks of rapeseed meal are lessened on account of machine halt in some oil refineries, which helps to support soybean meal prices. Yet, poor impetus for further prices climb is made obvious and fluctuations on rapeseed meal later may be impressive when aquatic products are off-season amid striking poor demands for feed, lower prices and massive supplies of soybean meal to replace rapeseed meal. Buyers can hold a wait-and-see attitude or take a hand-to-mouth purchasing for the time being.

    Daily review on fishmeal: today, offers for imported fishmeal remain steadily, yet prices are negotiable upon transaction and shipments at ports today are general. Northern ports: fishmeal price in Peru ordinary SD with 65% protein content are 9,200 yuan/tonne; 10,300 yuan/tonne for Japanese SD with 67% protein content; 10,600 yuan/tonne for super steam fishmeal with 68% protein content,where USD $1=CNY 6.581. Southern ports: fishmeal price for Peru ordinary SD with 65% protein content are 9,100 yuan/tonne; 10,100 yuan/tonne for Japanese SD with 67% protein content; 10,400 yuan/tonne for super steam fishmeal with 68% protein content, where USD $ 1= CNY 6.581. Port stocks: Hangpu has 76,000 tonnes, Fuzhou 35,000 tonnes, Shanghai 64,000 tonnes, Tianjin 1,000 tonnes, Dalian 6,000 tonnes, Fangchenggang 1,000 tonnes, and other ports 4,000 tonnes. Spots offers in foreign trading(FOB) remain stable, in detail, the fishmeal offer for Peru ordinary SD with 65% protein content stays at USD 1,350 $/tonne, USD 1,500 $/tonne for super steam fishmeal with 68% protein content; the offer in Chile ordinary SD with 65% protein content is USD 1,350 $/tonne, USD 1,460 $/tonne for excellent fishmeal with 68% protein content, all of which are shipments in N/D. Overall, domestic fishmeal market is expected to be stable with strong momentum for the time being seeing that pressure on port inventory is released and higher prices are held out in foreign trading. 

    Daily review on soybeans: today, prices for imported and distributed soybean remain firm, which settles at 3,350-3,390 yuan/tonne($509-$515) at mains ports. Generally, prices for imported and distributed soybeans are expected to remain stable in a short term considering gradual reduction of soybeans stocks and traders' mind to hold out for higher prices. A bearing on US soybeans will be impressive by higher-than-expected growth rate of US soybeans and estimated raised yield by USDA reports in tomorrow night, accrordingly, imported and distributed soybeans are curbed to price up amid new soybeans enter the domestic market in succession. Overall, imported and distributed soybean in a short term will remain strong and be supported by insufficient stocks. Yet with gradually increasing soybeans in market later, a bearing on imported and distributed soybeans prices will also be enlarged.

    Daily review on oils: the emergence of technical selling and profit taking, which resulted from a reaching of 200 moving average in November contract, dragged US soybeans to fall last night. What's more, the arbitraey of buying soybean oil to sell soybean meal comes to a close, weighting US soybean oil down, accordingly, soybean meals and oils in DCE continue to fall today, the same trend going to soybean oil and palm oil with few turnover. A bearing on US soybeans will be impressive on account of the coming profit-taking after its hit the high, higher-than-expected growth rate of US soybeans and estimated raised yield by USDA reports in tomorrow night. However, with intensive seesaw between bullish and bearish factors, US soybeans will continue to fluctuate amid dry weather in Brazil to delay the planting. Soybean oil stocks have risen sharply to 1.55 Mln tonnes, reaching a record high owing to less shipments during national holidays. Additionally, soybean crush will jump to 1.9 Mln tonnes next week and palm oil stocks will also exceed 0.4 Mln tonnes when fragile fundamentals curbe oil prices in oil refineries. Generally, slight declines for oil spots will continue for the time being. In real term, buyers can hold a wait-and-see attitude and focus on reports released in tomorrow tonight.

    Today's soybean oil: main prices for one-grade soybean oil in coastal areas stay at 5,980-6,150 yuan/tonne, part of which falling by 10-50 yuan/tonne (Tianjin traders offer 6,080 yuan/tonne, Rizhao traders 5,980 yuan/tonne, Zhangjiagang traders 6,150 yuan/tonne, Guangzhou traders 6,030-6,040 yuan/tonne, where USD $ 1= CNY 6.581).

    Today's palm oil: 24-degree palm oil prices in coastal areas are mostly between 5,680 and 5,770 yuan/tonne, a decline of 20-40 yuan/tonne(Tianjin traders offer 5,750-5,760 yuan/tonne, a drop of 20 yuan/tonne; Rizhao and Xiamen traders have not reported the prices; Zhangjiagang traders offer 5,770 yuan/tonne, a decline of 40 yuan/tonne; Guangzhou 5,680 yuan/tonne, decreasing by 20 yuan/tonne, where USD $ 1= CNY 6.581).

    Daily review on imported rapeseed oil: today, prices for imported rapeseed oil fall steadily, among which prices for imported rapeseed oil in coastal areas stay at 6,370-6,570 yuan/tonne, with a fall of 20-40 yuan/ton over yesterday(Octorber basis for Maple in Fangchenggang, Guangxi reaches 1,801-200; Yinxiang, Xiamen in Fujian stops to report; Chinatex in Zhanjiang, Guangdong 1,801-200, where USD $ 1= CNY 6.581). Fragile dmands for rapeseed oil have been obvious in recent two days, by striking contrast, soybeans oil stocks have jumped to 1.55 Mln tonnes regardless of large soybeans arrivel at ports later and high operating rate of soybean oil factories, such being the cases, soybean oil takes the priority in market. Additionally, rumors prevail that reserved rapeseed oils are projected to be auctioned in market, which worsens oils market. Overall, rapeseed oil will go forward with poor momentum.

    Daily review on corn: today, prices for domestic corn prices remain stable with slight fluctuations. Main prices for corn acquisition in Shandong enterprises in deep processing stay at 1,650-1,780 yuan/tonne, some mixed but most remaining stable. Main prices for corn acquisition in northeast enterprises which engage in deep processing stay at 1,450-1,570 yuan/tonne, part of which fall by 20 yuan/tonne over yesterday. Corn prices at Jinzhou port, Liaoning remain stable, among which prices for new corns settle at 1,650 yuan/tonne in Liaoning; 1,340-1,360 yuan/tonne for corns with 30% moisture, keeping flat over yesterday. Corn prices at Bayuquan port also keep fim, among which drying new corns with 14.5%-15% moisture in Liaoning and Jilin are 1,650 yuan/tonne, where USD $ 1= CNY 6.581. Second-class corn prices at Shekou port, Guangdong are lowered to1,780-1,790 yuan/tonne, a drop of 10-20 yuan/tonne over yesterday. Prices for new corns pick up slightly given that continuous rainfall in Huanghuai area, NC has affected the harvest and yield of new corns. Pressure on new corns is still significant for new corns in northeast belt has been gradually harvested from South to North. Nevertheless, most feed businesses in southern area have abundant inventories, so purchasing needs are quite general. The impact of weather changes on new corns yield lingers on, and prices varieties of domestic corns are obvious in regions. From the long run, downward pressure on corn prices will continue after sufficient supplies in market.

    Daily review on sorghum and barley: today, prices for imported sorghum remain stable which settles at 1,780-2,200 yuan/tonne at main ports, remaining flat over yesterday(Tianjin offers 1,900-2,200 yuan/tonne; Nantong 1,850-1,860 yuan/tonne; Guangdong 1,780-1,800 yuan/tonne,where USD $ 1= CNY 6.581). Meantime prices for most imported barley remain stable, which stay at 1,660-1,820 yuan/tonnes at main ports, (Tianjin has not reported yet; Qingdao 1,820 yuan/tonne; Nantong 1,700-1,800 yuan/tonne; Shekou port in Guangdong 1,660-1,780 yuan/tonnes, where USD $1= CNY 6.581). Barley supplies in circulation at Nantong ports become tightened, additionally, costs for barley will keep high later, hence barley prices in EC will edge up at ports in these days. Given that weather turns good in northeast producing belt and new autumn corn in Huang-huai area, NC is being harvested into market, especially in Liaoning areas, corn supplies are still great in market, accrodingly, prices cut of new corns appers to be different in regions. Seeing that new corns flock into the market, most enterprises engaging in deep processing prefer hand-to-mouth purchasing to maintain the basic inventory in case of risks. Yet, the weighed corn prices will also affect demands for barley and sorghum. Additionally, domestic new sorghum and barley will also weigh down other grains at ports.With mixed long and short positions in market, significant fluctuations will not be reached on barley and sorghum, instead, steady fluctuations will go forward.