Cottonseed meal: Last Friday US soybean price went up. Today meals on DCE also rise, followed by soybean meal spot goods to increase by 10-30. Cottonseed meal price keeps stable today for its limited supply in peak demand season of aquaculture and climbing consumption in poultry. The market is predicted to remain its slow upward state despite some fluctuations before new cottonseed meal enters into market. But there still remain pressure for soybean meal stock and uncertainties in trade war, so buyers shall not chase prices higher excessively.
Cottonseed oil: Last Friday US soybean price closed higher. Today, oils on DCE keep stable despite some fluctuations, with soybean oil spot goods to fall by 10-30. Cottonseed oil price is weak in going up due to its limited usage amount as a blending oil. Holders tend to hoard their cottonseed oil stocks due to low price currently and limited cottonseed oil output under low operation rate by temporary shortage of cottonseed supply. Besides, trade disputes and small packing oil stockpiling in the run-up to festival are yet to finish, so cottonseed oil price may go up steadily despite some fluctuations. Buyers are suggested to make some replenishment at lows.