Today ( Sept. 12th), the market for oilseeds and oils in China is shown as follows: 

    Imported soybean: Prices for most imported soybeans keep stable, where non-GM imported soybean prices at 3,680-3,980 yuan/tonne, and GM imported soybeans are unquoted. Such ample supply and high stockpiles of imported soybeans no doubt will further inflict on the market. Narrowed price gap between domestic soybeans and imported ones undermines price competitiveness of imported soybeans, and limited delivery also puts bearish pressure on imported soybeans available for distribution. Subject to trade disputes with the US, blocked imports of US soybeans and basically finished soybean sales in Brazil after November may contribute to lower-than-usual soybean arrivals during November and January next year. If such, forward soybean supply will be tight especially in the 4th quarter when Brazilian soybeans are sold out. That also leads to crushers' strong wills to soybean bids. On the whole, imported soybeans for distribution in the short run will probably trade sideways narrowly and steadily the time market supply & demand balance struggles in trade spats. 

    Cottonseed: Cottonseed increases by 0.2 yuan/kg partially today, since cottonseed supply is scarce in mainland China and cottonseed volumes from Xinjiang is lessened by inconvenient transportation and increasing transportation fee, whilst trade disputes have no end in sight.But prices of cottonseed oils and meals are weak in going up today under a slowdown on DCE, in addition to dismal crush profits, and lower quality of old cottonseeds than ever, as well as oil owners?caution against those scattered washy new cottonseeds; therefore, cottonseed price is restricted in its upward trend and may suffer strong fluctuations in short term. 

    Summary: US soybean fell down in trading overnight, accordingly oils on DCE today fluctuate downward. Given soybean oil and rapeseed oil spots domestically reach a plateau in price, turnover is not much when buyers would prefer to stay on the sidelines. As US soybean G/E rate reaches 68% this week, higher than 66% last week and 60% last year, market speculates its production and stocks will be revised up tonight in USDA Supply & Demand Report. On this point, US soybean goes on weak performance and even experiences a harvest-time slide at 800 cents later. Despite dwindling operation rate in mills, oils are also capped in upward space when stockpiling for packing oil is to finish within one week amid heavy soybean oil stockpiles at 1.59 Mln tonnes. Yet amid trade disputes with the US, blocked imports of US soybeans and basically finished soybean sales in Brazil after November would contribute to lower-than-usual soybean arrivals during November and January next year. With bullish oil performance onwards, oils overall will go on uptrend unless the trade war comes to a conclusion. Additionally, market expects the USDA report released tonight to go bearish, as thus, buyers had better stay on the sidelines. 

    Soybean oil: Main prices for GB grade-one soybean oil in coastal areas stay at 5,710-5,850 yuan/tonne, some up 10 yuan/tonne (Tianjin traders offer 5,740-5,750, Rizhao traders 5,710, Zhangjiagang traders 5,850, Guangzhou traders Y1901-110 or Y1901-100). 

    Palm oil: 24-degree palm oil prices in coastal areas stabilize at 4,870 to 4,940 yuan/tonne (Tianjin traders 4,900-4,910; Rizhao traders 4,940; Zhangjiagang traders 4,900, up 30; Guangzhou traders 4,870-4,900; Xiamen traders 4,930). 

    Imported rapeseed oil: Prices for imported rapeseed oil rise steadily, among which prices in coastal areas are 6,470-6,600 yuan/tonne, up 20-40 yuan/tonne (Shenheng in Dongguan, Guangdong offers 1901-240; Maple in Fangchenggang, Guangxi offers 1901-280; Fujian stops to quote). Amid trade disputes, possible soybean shortage during November and January next year in China and largely expected lower canola production this year year in Canada prop up rapeseed oil on the market. Nevertheless, overwhelming oil gluts at home still stumble rapeseed oil in its uptrend, especially when oil stockpiling basically draws to an end ahead of Chinese Mid-autumn Festival and National Day. For all these, rapeseed oil overall will fluctuate upward unless the trade war is concluded. By the way, buyers had better stay on the sidelines for market expects a bearish USDA report tonight.  

    Cottonseed oil: Soybean oil spots mostly stay stable today. But some cottonseed oil prices increase 100 , for the inadequate long-term soybean supply incurred by trade disputes may create a bullish market for domestic oils, and participants are inclined to hoard their existing stocks due to the small supply of cottonseed oil spots. Besides, due to the bearish forecast of USDA and existing oversupply pressure of staple oils, blending volume of cottonseed oil is also restricted, thus its price is hard to soar. Cottonseed oil price may go up steadily in fluctuations before the end of trade disputes.