Core Viewpoint - Despite the stabilization of international oil prices and a slight increase in palm oil futures, domestic oilseed contracts have recorded a third consecutive day of decline, indicating ongoing market pressures and the need to monitor domestic canola purchases and trade relations with Canada [1][4]. Group 1: Palm Oil Market Dynamics - Malaysia's palm oil exports from June 1-25 increased by 6.63% to 1,057,466 tons compared to the same period last month, indicating a potential easing of inventory pressure [1]. - The Malaysian Palm Oil Association (MPOA) forecasts a 4.55% decrease in palm oil production for June 1-20, with significant regional variations in output [2]. - Indonesia's palm oil exports in April fell to 1.78 million tons, down from 2.18 million tons year-on-year, while production increased slightly to 4.48 million tons [2]. Group 2: Indian Market Impact - India canceled a 65,000-ton palm oil order due to rising prices, which may disrupt the previously strong purchasing momentum following a reduction in import taxes [3]. - India's June soybean imports are expected to drop by 18% to 325,000 tons, the lowest level in four months, due to port congestion affecting delivery schedules [3]. Group 3: Domestic Oilseed Supply and Demand - Domestic oilseed inventories have risen, with total commercial stocks reaching 2.06 million tons, a week-on-week increase of 70,000 tons [4]. - The domestic soybean crushing volume is projected to reach 9.5 million tons for June, supported by high supply levels [5]. - The current oversupply of soybeans is exerting downward pressure on soybean oil prices, while palm oil inventories are also increasing due to higher import volumes [5]. Group 4: Market Outlook and Sentiment - Analysts suggest that the market is currently focused on the tight canola inventory situation and the impact of weather on crop growth, with expectations of increased volatility in the near term [6]. - The recent decline in crude oil prices has negatively affected oilseed performance, leading to expectations of weak fluctuations in the short term [7].