Daily review on imported rapeseed meal: today, prices for imported rapeseed meal decline steadily, among which prices in coastal areas stand at 2,330-2,400 yuan/tonne with a drop of 10-20 yuan/tonne over yesterday(Guangxi offers 2,330 yuan/tonne, with a decline of 10 yuan/tonne; Guangdong 2,400 yuan/tonne, down 20 yuan/tonne; Fujian 2,350 yuan/tonne, where USD $1=CNY 6.616). Yet, fluctuations on rapeseed meal may be impressive when dwindling demands in the downstream are obvious by decreasing outstanding contracts and striking lower prices and massive supplies of soybean meal to replace rapeseed meal amid tightened rapeseed meal stocks to bolster the market. 

    Daily review on fishmeal: today, offers for imported fishmeal remain steady, yet prices are negotiable upon transaction and shipments at ports are general. Northern ports: fishmeal price in Peru ordinary SD with 65% protein content is 9,300 yuan/tonne; 10,400 yuan/tonne for Japanese SD with 67% protein content; 10,700 yuan/tonne for super steam fishmeal with 68% protein content. Southern ports: fishmeal price for Peru ordinary SD with 65% protein content is 9,200 yuan/tonne; 10,200 yuan/tonne for Japanese SD with 67% protein content; 10,500 yuan/tonne for super steam fishmeal with 68% protein content, where USD $1=CNY 6.616. Port stocks: Hangpu has 73,000 tonnes, Fuzhou 36,000 tonnes, Shanghai 55,000 tonnes, Tianjin 1,000 tonnes, Dalian 5,000 tonnes, Fangchenggang 1,000 tonnes, and other ports 4,000 tonnes. Fishing: till October 16th, about 9,384 tonnes of fish have been caught in southern Peru in B season over 17 years, accounting for 1.82% of the total volume; fishing quota for this season is 515,000 tonnes, among which 50,5616 tonnes remain unfinished. 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. Strong sentiments to hold out high prices for fishmeal are impressive in sellers as fishmeal becomes strong in foreign trading amid falling stocks at Chinese ports, yet fishmeal market in a short run will maintain stable given poor demands to weigh down the growing tendency.

    Daily review on soybeans: today, prices for imported and distributed soybean pick up, which settles at 3,470-3,500 yuan/tonne($524-$529) at mains ports, a rise of 40 yuan/tonne over yesterday. Prices for imported and distributed soybeans are buoyant today as insufficient soybean surpluses at ports and strong sentiments of traders to hold out for high prices help to bolster imported soybeans. Furthermore, prices for soybeans at ports keep growing providing that imported soybeans are not allowed to sell in market and turnover of soybean amounts at ports are limited. Nevertheless, growing domestic soybeans in market in return dwarf imported soybeans to some degree. Overall, imported and distributed soybean in a short term will remain strong. US soybeans continue to pare gains as blessing rains come in Brazil to boost soybean planting and growing, and dry weather in American central and western areas speed up harvest progress. With gradually increasing soybeans in market later, a potential bearing on imported and distributed soybeans prices may go forward.

    Daily review on oils: harvest progress is expected to speed up due to estimated dry weather in US planting areas in the next few days, meantime, an expected rainfall in Brazil will boost the growth of early crops, which exerts pressure on US soybeans. Notably, US soybeans and meal plunged after two straight sessions of declines, and US soybean oil closed flat last night, by contrast, oils in DCE today(on October 18th) pare gains mildly, the same trend going to domestic soybean oil and palm oil spots, yet turnover turns to be few. More than 9 Mln tonnes soybeans will arrive at ports in November and December, additionally, soybean crushes are expected to exceed 1.9 Mln tonnes in the next two weeks as soybean oil stocks have soared to a record high to 1.6 Mln tonnes, as a consequence, an overwhelming oversupply and poor consumption will drag down the oils market. Overall, oil spots in a short term will suffer from fluctuations again amid weak performance in market, therefore, buyers are encouraged to wait and see or take a hand-to-mouth purchasing for the time being.

    Today's soybean oil: main prices for first-grade soybean oil in coastal areas stay at 6,060-6,160 yuan/tonne, part of which fall 10-30 yuan/tonne (Tianjin traders offer 6,080 yuan/tonne, Rizhao traders 6,060 yuan/tonne, Zhangjiagang traders 6,160 yuan/tonne, Guangzhou traders 6,060 yuan/tonne, where USD $1=CNY 6.616 ).

    Today's palm oil: 24-degree palm oil prices in coastal areas are mostly between 5,670 and 5,860 yuan/tonne, a decline of 10-50 yuan/tonne(Tianjin traders offer 5,790-5,800 yuan/tonne, a drop of 20 yuan/tonne; Rizhao traders 5,860 yuan/tonne, a drop of 10 yuan/tonne; Zhangjiagang traders 5,800 yuan/tonne, a decline of 50 yuan/tonne; Guangzhou 5,670-5,690 yuan/tonne, decreasing by 20 yuan/tonne, Xiamen 5,800 yuan/tonne, where USD $ 1= CNY 6.616).

    Daily review on imported rapeseed oil: today, prices for imported rapeseed oil drop steadily, among which prices for imported rapeseed oil in coastal areas stay at 6,530-6,740 yuan/tonne, some falling 10-20 yuan/tonn over yesterday( October basis for Maple in Fangchenggang, Guangxi reaches 1,801-170; Yinxiang in Xiamen, Fujian 1,801-150; Shenheng in Guangdong 1,801-180, where USD $1=CNY 6.616). Soybeans oil stocks have jumped to 1.6 Mln tonnes of a record high taking the priority in market amid gradually increasing palm oil stocks. Overall, rapeseed oil will continue its weak performance in a short term as demands are fragile after holidays.

    Daily review on corns: today, domestic corn prices meet slight fluctuations with upward tendency. Main prices for corn acquisition in Shandong enterprises in deep processing stay at 1,660-1,760 yuan/tonne, corns with high moisture in some enterprises falling by 6-10 yuan/tonne over yesterday but most remaining stable. Corn prices at Jinzhou port, Liaoning are buoyant, additionally, prices for new corns in Liaoning and Inner Mongolia settle at 1,690-1,695 yuan/tonne, a rise of 5 yuan/tonne over yesterday on the highest price; 1,370-1,430 yuan/tonne for corns with 30% moisture, a rise of 10 yuan/tonne upon the highest price over yesterday. Corn prices at Bayuquan port pick up steadily, among which drying new corns with 14.5%-15% moisture in Liaoning and Jilin are 1,675 yuan/tonne with a rise of 5 yuan/tonne over yesterday, where USD $ 1= CNY 6.616. Prices for second-class corns at Shekou port, Guangdong are raised to 1,800 yuan/tonne, up 10 yuan/tonne from yesterday; 1,850 yuan/tonne for new corns, remaining flat over yesterday, where USD $1=CNY 6.616. With continuous rainfall in Huanghuai area, N China and sufficient supplies in market, enterprises and traders are now raising the prices and dedicated to acquisition for the stocks floor at northern ports. accordingly, transaction prices for corns are gradually raised  by traders seeing a stocks floor at Guangdong ports already. Overall, pressure on new corns in market is still great considering sufficient supplies of moist corns in N China and growing new corns in northeast areas. Given that moist corns are hard to store, most  deep-processing enterprises prefer to maintain a safe and low inventory level with a hand-to-mouth purchasing; meantime most feed business keep cautious about new corn procurement, therefore, corn demands are quite general. Generally, corns in market will remain weak in light of oversupply and market pressure. Attention should be paid to corn amounts in market and related policies.

    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 yuan/tonne.Meantime prices for most imported barley remain stable, which stay at 1,660-1,820 yuan/tonne 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 6.616).Barley supplies in circulation at Nantong ports become tightened, additionally, costs for barley will keep high later, hence sorghum and barley prices in EC will edge up at ports in these days in terms of strong sentiment of importers to hold out for high prices in case of unavailable supplies on lower costs. Given that new autumn corn in Huang-huai area, NC is being harvested into market, especially in Liaoning areas, corn supplies are still great in market, accordingly, prices cut of new corns appears 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.