Today (Dec. 20), the market for oilseeds and oils in China is shown as follows:

 

Imported soybean: Imported soybeans are stable today, among which Kazakhstan soybean is unchanged at 4,300 yuan/tonne and Burmese soybean at 4,560 yuan/tonne. Imported soybean supply to distribution markets remains scanty at ports and traders are in fair shipments, which is good to the market. However, China will substantially increase soybean imports from the US after the trade deal is signed. In addition, Brazil is expected to harvest abundant soybeans, and Chinese buyers are still buying up on Brazilian soybeans. In a hybrid of the bull and the bear, the market for imported soybeans will probably keep steady in the short term. 

Cottonseed: Cottonseed price mainly keeps steady and individually rises by 0.05 yuan/tonne today. There is not much spot cottonseed available for sale on the market, and Xinjiang oil mills continue to replenish the stock. Also, ranchers are stocking up cottonseed ahead of the holiday. Besides, the freight from Xinjiang to inland remains high for a shortage of vehicles. Thus, these factors bolster the cottonseed market. However, due to the inconsiderable crush margin and strict inland inspection of environmental protection in winter, oil mills are a little bit wary of purchasing cottonseed, and the trading volume is limited. Therefore, the price rises of cottonseed are curbed by these factors. It is predicted that the overall cottonseed will continue trending up with fluctuations. Buyers can maintain appropriate inventory on the dips but not chase up prices too high.

Oils: 

Summary: US soybean further eased last night, as favorable crop weather could boost production in South America. But palm oil production may be lower than estimated in Malaysia and Indonesia next year, and a report by shipping agency showed a smaller decline in exports of the first 20 days in December, so palm oil futures post broad rises on the Dalian Commodity Exchange today, also pushing soybean oil to move higher. In the Spot markets, soybean oil increases by 30-80 yuan/tonne and palm oil by 100-160 yuan/tonne. The trading is predicted to be good upon low-level basis and tepid for spots. The oil market is heading upward, bolstered by concerns over palm oil production reduction and growing cost in soybean import recently. Besides, soybean oil stocks keep decreasing as the trading is good upon low-level basis with festival demand underway. Despite higher soybean crush and low soybean oil trading and delivery, the market is still in bullish sentiment. Overall, short-term oil market is predicted to keep its strengthening trend, but there is still little trading for spot months. 

Soybean oil: GB Grade I soybean oil is mainly priced at6850-7000 yuan/tonne in domestic coastal areas, up 30-80 yuan/tonne. (Tianjin traders 6850-6860, Rizhao traders 6920, Zhangjiagang traders7000, and Guangzhou mills yet offered and traders 6930-6950). 

Palm oil: RBD palm olein is mainly priced at 6210-6350 yuan/tonne in coastal areas, up 100-160 yuan/tonne. (Tianjin traders 6340-6350,up 130; Rizhao traders 6290, up 130; Zhangjiagang traders 6300, up 100; Guangzhou traders 6210, up 160; and Xiamen yet offered). 

Imported rapeseed oil: Imported rapeseed oil goes up in price today, of which it settles up 10-20yuan at 7780-8100 yuan/tonne in coastal areas. (Fujian7780; Guangdong yet offered; and Guangxi8100.) There is a lack of signs to predicted when China and Canada will go into a detente, and most mills have made no rapeseed imports now, so rapeseed oil supply is still tightening and the market also has a positive prospect. But Chinese buyers are scooping up on soybeans due to profitable crush. And the demand for rapeseed oil now is also dampened by its high price. The overall rapeseed oil market is predicted ti be strengthening, possibly with some frequent fluctuations on the back of futures. Buyers are suggested not to chase after excessively high prices. 

Cottonseed oil: Cottonseed oil stays stable today. The price of cottonseed remains high. And palm oil on Dalian Commodity Exchange today surges, also driving a rise in soybean oil on DCE. Spot soybean oil up by 30-80 yuan/tonne, and spot palm oil up by 100-160 yuan/tonne. Hence, cottonseed oil market is bolstered. Due to the limited downstream demand for cottonseed oil as blending oil, there are not many actual transactions of some manufacturers. Thus, cottonseed oil has not followed the rises yet. It is expected that short-term cottonseed oil may keep strong with fluctuations. Buyers can maintain appropriate inventory on the dips but not chase up prices too high.