Core Viewpoint - The collaboration between Minsheng Bank and a local oil company aims to enhance employees' awareness of telecom fraud and improve financial service quality through a promotional event focused on safeguarding personal finances [1][2]. Group 1: Event Overview - Minsheng Bank's Jining Yanzhou branch organized a telecom fraud prevention campaign for employees of a local oil company, emphasizing the theme "Protecting the Wallet" [1]. - The event included various promotional activities such as setting up a dedicated booth, distributing brochures, and playing anti-fraud videos to educate employees on common fraud tactics and prevention techniques [1]. Group 2: Educational Content - Bank staff provided detailed explanations of prevalent fraud types, including impersonation of law enforcement, fake investment schemes, and online loan scams, highlighting their characteristics and identification methods [1]. - Employees were advised to remain vigilant against suspicious calls and links, reinforcing the importance of personal security [1]. Group 3: Financial Services Enhancement - The event also served as an opportunity for employees to open salary accounts, with bank staff offering guidance on the safe use of mobile and online banking services [1]. - Employees not only successfully opened their salary accounts but also gained practical financial knowledge, enhancing their self-protection capabilities [1]. Group 4: Company Feedback and Future Plans - The oil company praised the event, noting that Minsheng Bank not only provided efficient financial services but also took on social responsibility by raising fraud awareness among employees [2]. - Minsheng Bank's Jining Yanzhou branch expressed commitment to continue collaborating with enterprises to strengthen fraud prevention efforts and protect clients' financial security [2].

Group 1: Report Industry Investment Rating - The investment rating for the industry is neutral [3] Group 2: Core View of the Report - Recent soybean harvest season in the US is approaching, with favorable weather conditions in the production areas, gradually realizing the expected high - yield, and the global soybean supply remains in a loose pattern. The China - US negotiation is the main focus for the future market. The consumption of palm oil during the two festivals has limited driving force, and the overall price of edible oils will continue to fluctuate [2] Group 3: Market Analysis Futures - Yesterday's closing price of the palm oil 2601 contract was 9384.00 yuan/ton, a change of +68 yuan or +0.73% compared to the previous day. The closing price of the soybean oil 2601 contract was 8348.00 yuan/ton, a change of - 10.00 yuan or -0.12%. The closing price of the rapeseed oil 2601 contract was 9801.00 yuan/ton, a change of +12.00 yuan or +0.12% [1] Spot - In the Guangdong region, the spot price of palm oil was 9310.00 yuan/ton, a change of +110.00 yuan or +1.20%, and the spot basis was P01 + - 74.00, a change of +42.00 yuan. In the Tianjin region, the spot price of first - grade soybean oil was 8470.00 yuan/ton, with no change, and the spot basis was Y01 + 122.00, a change of +10.00 yuan. In the Jiangsu region, the spot price of fourth - grade rapeseed oil was 9900.00 yuan/ton, a change of +10.00 yuan or +0.10%, and the spot basis was OI01 + 99.00, a change of -2.00 yuan [1] Group 4: Recent Market Information Summary - As of August 29, 2025 (Week 35), the commercial inventory of palm oil in key regions across the country was 61.01 tons, an increase of 2.80 tons or 4.81% compared to the previous week [2] - In September, the arrival volume of imported soybeans in China remains high, and it is expected that oil mills will maintain a high operating rate, with the monthly soybean crushing volume around 9.5 million tons [2] - In August, Argentina's agricultural exports dropped by 25% year - on - year, and the total export value of the agricultural sector was 1.82 billion US dollars, a significant decrease of 55% compared to July [2] - Last week, the soybean crushing volume of domestic oil mills increased again, reaching a high in more than two months. As of the end of Week 35 (August 30), the average operating rate of domestic major soybean oil mills was 67.26%, an increase of 3.23% compared to the previous week's 64.03%. The total soybean crushing volume of national oil mills was 2.5148 million tons, an increase of 120,900 tons compared to the previous week. Among them, the crushing volume of domestic soybeans was 16,900 tons, and the crushing volume of imported soybeans was 2.4979 million tons. This week, the expected soybean processing volume will remain high at 2.5213 million tons, with an operating rate of 67.44% [2]

Group 1 - The core viewpoint indicates that CBOT soybean oil futures are experiencing a slight upward trend, with the current price at 52.14 cents per pound, reflecting a 0.08% increase [1] - On September 1, the opening price for soybean oil futures was 52.10 cents per pound, with a closing price of 52.09 cents per pound, showing a decrease of 0.06% [2] - The highest price during the trading session reached 52.33 cents per pound, while the lowest was 51.83 cents per pound [1] Group 2 - Argentine soybean oil prices for October shipment decreased by $7 per ton to $1163 per ton, while December shipment prices fell by $15 per ton to $1164 per ton [2] - As of September 1, the Dalian Commodity Exchange reported soybean oil futures warehouse receipts at 15,760 lots, remaining stable compared to the previous trading day [2] - National key regions' commercial soybean oil inventory increased by 5.28 million tons to 123.88 million tons, marking a 4.45% rise compared to the previous week [2]

Group 1 - The palm oil futures market is experiencing a downward trend, with the main contract opening at 9438.00 CNY/ton and a maximum of 9446.00 CNY, while the lowest point reached 9276.00 CNY, resulting in a decline of 2.03% [1] - Factors affecting palm oil prices include rising domestic inventories in China and India, which negatively impact export demand, but Indian pre-festival stockpiling supports demand [1] - Indonesia's crackdown on illegal palm oil plantations has led to the confiscation of 3.1 million hectares, raising concerns about future palm oil production due to operational inefficiencies during the transition of management rights [1] Group 2 - The oilseed market is under pressure from falling crude oil prices, while end-users are increasing purchases at lower prices, leading to higher transaction volumes [2] - Uncertainties surrounding soybean and canola prices due to U.S.-China negotiations and Australian canola imports are negatively impacting palm oil prices, suggesting a short-term bearish outlook for palm oil [2]

Report Industry Investment Rating - No relevant content provided Core Viewpoints - Short-term oil price increase lacks momentum, palm oil may experience a correction, and holders of long positions can consider partial profit-taking and partial holding. Those without positions can consider shorting or waiting patiently for a correction to buy on dips. - YP01 may rebound in the short term, and holders of YP spreads can consider partial profit-taking and partial holding. P15 can be considered to widen after a correction. - Options are recommended to be on the sidelines [6][9][11] Summary by Directory Part 1: Data Analysis - **Spot Prices and Basis**: The closing price of 2601 for soybean oil is 8372 with a decrease of 18. The spot prices in Zhangjiagang, Guangdong, and Tianjin are 8572, 8722, and 8512 respectively. The basis for soybean oil in Zhangjiagang, Guangdong, and Tianjin is 350, 200, and 140 respectively, with corresponding increases of 10, 0, and 10. For palm oil, the closing price of 2601 is 9414 with a decrease of 86. The spot prices in Guangdong, Zhangjiagang, and Tianjin are 9384, 9464, and 9554 respectively. The basis for palm oil in Guangzhou, Zhangjiagang, and Tianjin is -30, 50, and 140 respectively, with corresponding increases of 0, 30, and 0. For rapeseed oil, the closing price of 2601 is 9809 with a decrease of 44. The spot prices in Zhangjiagang, Guangxi, and Guangdong are 9929, 9849, and 9849 respectively. The basis for rapeseed oil in Zhangjiagang and Guangdong is 120 and 40 respectively, with no change [3]. - **Monthly Spread Closing Prices**: The 1 - 5 monthly spread for soybean oil is 268 with a decrease of 2, for palm oil is 260 with an increase of 8, and for rapeseed oil is 157 with a decrease of 13 [3]. - **Cross - Variety Spreads**: The Y - P spread for the 01 contract is -1042 with an increase of 68, the OI - Y spread is 1437 with a decrease of 26, the OI - P spread is 395 with an increase of 42, and the oil - meal ratio is 2.75 with a decrease of 0.0005 [3]. - **Import Profits**: The 24 - degree palm oil from Malaysia and Indonesia has a盘面 profit of -242, with a CNF price of 1120 for the 9 - month shipment. The FOB price of crude rapeseed oil from Rotterdam for the 10 - month shipment is 1075, and the 盘面 profit is -751 [3]. - **Weekly Commercial Inventories**: In the 34th week of 2025, the commercial inventory of soybean oil is 109.4 million tons, palm oil is 58.2 million tons, and rapeseed oil is 64.6 million tons [3]. Part 2: Fundamental Analysis - **International Market**: As of the week ending August 20, Argentine farmers sold 39.42 million tons of 24/25 - season soybeans, bringing the cumulative sales to 2989.56 million tons. They also sold 11.89 million tons of 25/26 - season soybeans, bringing the cumulative sales to 78.96 million tons. The total sales of all - season soybeans for the week were 51.65 million tons, bringing the cumulative sales to 7147.94 million tons. As of August 20, the cumulative export sales registration of 24/25 - season soybeans was 846.2 million tons, and that of 25/26 - season soybeans was 0 million tons [5]. - **Domestic Market**: There were many rumors about rapeseed today. After the rumors were refuted in the afternoon, the oil prices rebounded. As of August 22, 2025 (week 34), the commercial inventory of palm oil in key regions of the country was 58.21 million tons, a decrease of 3.52 million tons from the previous week, a decrease of 5.70%, and it is at a slightly higher - than - average level in the same period of history. The origin's quotes have decreased, and the import profit inversion has narrowed. The spot market has changed little, and the basis has increased steadily. The soybean oil futures price closed slightly lower after oscillating. The actual soybean crushing volume of oil mills last week was 2.27 million tons, with an operating rate of 63.81%, a decrease from the previous week. As of August 22, 2025, the commercial inventory of soybean oil in key regions of the country was 118.6 million tons, an increase of 4.33 million tons from the previous week, an increase of 3.79%, slightly lower than the same period in history but higher than the average of the past three years. The rapeseed oil futures price closed slightly lower after oscillating. The rapeseed crushing volume of major coastal oil mills last week was 44,800 tons, with an operating rate of 11.94%, a decrease from the previous week. As of August 15, 2025, the coastal rapeseed oil inventory was 66 million tons, a decrease of 1.2 million tons from the previous week, still at a high level in the same period of history, but the inventory is continuously decreasing marginally [5][6][9]. Part 3: Trading Strategies - **Single - Side Strategy**: Short - term oil price increase lacks momentum, and there may be a correction, but the correction range is expected to be limited. Holders of long positions can consider partial profit - taking and partial holding. Those without positions can consider shorting or waiting patiently for a correction to buy on dips [11]. - **Arbitrage Strategy**: YP01 may rebound in the short term, and holders of YP spreads can consider partial profit - taking and partial holding. P15 can be considered to widen after a correction [11]. - **Options Strategy**: Options are recommended to be on the sidelines [12]. Part 4: Relevant Attachments - The report provides eight figures, including the spot basis of East China first - grade soybean oil, South China 24 - degree palm oil, East China third - grade rapeseed oil, the 1 - 5 monthly spreads of Y, P, and OI, the Y - P 01 spread, and the OI - Y 01 spread, with data sources from Galaxy Futures, Bangcheng, and WIND [15][18].

1. Report Industry Investment Rating - The report gives a neutral rating for the industry [4] 2. Core Viewpoints - Market rumors of domestic procurement of Australian rapeseed have been confirmed with cumulative deals of 5 cargoes, which can make up for the shortage of rapeseed arrivals in the fourth quarter [4] - With increasing far - month exports of domestic soybean oil, downstream buyers are actively purchasing the basis of soybean oil from October to January, but be wary of reserve soybeans and Sino - US negotiations [6] - As India's peak procurement season is approaching its end, the bullish drivers for palm oil will be more on the supply side. However, even with supply - side drivers, the upside of the futures market may be limited, and there could be downward pressure if inventory accumulation exceeds expectations [6] 3. Summary by Related Catalogs Palm Oil Market - In the GAPKI June report, palm oil production in Indonesia increased by 15.99% month - on - month. In early July, the market expected a production cut in June. Due to tax cuts in June, exports increased by 35.56% month - on - month. With lower biodiesel subsidy costs and high consumption, the inventory at the end of August dropped to 253 million tons, a historical low. Most expect July production to be flat or slightly lower, and inventory accumulation at the end of July may be limited [4] - MPOA estimates that Malaysia's palm oil production in the first 20 days of August increased by 3.03%, lower than the historical average. However, according to shipping inspection agency data, export growth is slowing down, and inventory may continue to accumulate at the end of August unless consumption continues to exceed expectations [4] - After 8 cargoes of palm oil were traded in China last week, the origin's quotes weakened this week, and the import loss for the domestic futures market narrowed. Cargoes for the November shipment continued to be traded [5] - India's procurement of Malaysian and Indonesian palm oil has slowed down due to the narrowing of the soybean - palm oil price spread at Indian ports and news of India's procurement of South American palm oil [5] Price Movements - As of August 22, 2025, French rapeseed had the largest weekly increase, while price adjustments of rapeseed and soybeans in most regions were small [8] - As of August 25, 2025, except for a slight decline in the prices of Malaysian and Indonesian palm oil, other vegetable oil prices rose, especially the prices of North and South American soybean oil [13] - The weekly price difference between refined palm oil in Malaysia and Indonesia was $10/ton, compared to $0/ton the previous week, lower than the historical average of $11.7/ton. The price difference between Argentine soybean oil and Indonesian crude palm oil was - $28.5/ton, compared to - $36/ton the previous week, lower than the historical average of $127.9/ton [23] - As of August 22, Canada officially raised its rapeseed production forecast, and the price of Canadian rapeseed was weak. Without Chinese purchases, it has to find other markets [24] - As of August 22, the price difference between crude soybean oil and crude palm oil at Indian ports was $30/ton, higher than $15/ton the previous week; the price difference between crude sunflower oil and crude palm oil was $115/ton, compared to $95/ton the previous week; the price difference between refined soybean oil and refined palm oil was $0/ton, compared to - $6/ton the previous week [30] Transaction Volume - Last week, 8 cargoes of palm oil for the October shipment, 2 for the September shipment, 1 for the October shipment, and 5 for the November shipment were traded. One cargo of Dubai rapeseed oil was also traded in China last week [39] - The far - month basis of soybean oil had a large number of transactions again [132] Basis and Spread - The spot basis of 24 - degree palm oil in Guangdong weakened again, the spot basis of first - grade soybean oil in Jiangsu was raised, and the basis of third - grade rapeseed oil in Guangxi remained stable [136] - On August 25, 2025, the spot price difference between first - grade soybean oil and 24 - degree palm oil in Guangdong was - $900.0; the spot price difference between third - grade rapeseed oil and first - grade soybean oil in Jiangsu was $1320; and the spot price difference between third - grade rapeseed oil and first - grade soybean oil was $1540 [148] Bio - diesel - Weekly processing profit and loss remained stable, subsidies decreased, and blending losses increased [127] - The price of European RME was stable, and the processing profit was at the historical average level [128] Demand - The far - month basis of soybean oil had a large number of transactions again [132] Monthly Balance Sheet - The monthly balance sheets for palm oil, rapeseed oil, and soybean oil show the changes in inventory, production, import, demand, and other indicators from 2024 to 2025 [155]

Group 1: Report Industry Investment Rating - The investment rating for the industry is neutral [4] Group 2: Core View of the Report - Crude oil prices have declined, putting pressure on the prices of edible oils. The prices of the three major edible oils fluctuated yesterday. The sharp decline in crude oil prices had a certain impact on the price center of edible oils, intensifying the volatility of the vegetable oil market. Fundamentally, the supply prospects of rapeseed and soybeans are favorable, and combined with the consumption support during the upcoming double festivals, the edible oil market is facing both bullish and bearish factors [1][3] Group 3: Summary by Relevant Content Futures and Spot Prices - Futures: The closing price of the palm oil 2601 contract was 9,500 yuan/ton, with a change of 0 yuan and a change rate of 0.00%. The closing price of the soybean oil 2601 contract was 8,390 yuan/ton, down 66 yuan or 0.78%. The closing price of the rapeseed oil 2601 contract was 9,853 yuan/ton, up 32 yuan or 0.33% [1] - Spot: In the Guangdong region, the spot price of palm oil was 9,470 yuan/ton, up 30 yuan or 0.32%, and the spot basis was P01 + -30 yuan, up 30 yuan. In the Tianjin region, the spot price of first - grade soybean oil was 8,550 yuan/ton, down 50 yuan or 0.58%, and the spot basis was Y01 + 160 yuan, up 16 yuan. In the Jiangsu region, the spot price of fourth - grade rapeseed oil was 9,950 yuan/ton, up 10 yuan or 0.10%, and the spot basis was OI01 + 97 yuan, down 22 yuan [1] Market Information - Canadian rapeseed: In July 2025, Canada's rapeseed crushing volume was 968,515 tons, a month - on - month increase of 13.13%. Rapeseed oil production was 408,898 tons, up 12.15% month - on - month, and rapeseed meal production was 571,012 tons, up 12.62% month - on - month. The C&F price of Canadian rapeseed (October shipment) was 542 US dollars/ton, down 3 US dollars/ton from the previous trading day, and the C&F price of Canadian rapeseed (December shipment) was 532 US dollars/ton, also down 3 US dollars/ton [2] - Malaysian palm oil: The estimated export volume of Malaysian palm oil from August 1 - 25 was 933,437 tons, a 36.41% increase from the same period last month [2] - Other oils: The C&F price of Argentine soybean oil (September shipment) was 1,179 US dollars/ton, down 23 US dollars/ton from the previous trading day, and the C&F price of Argentine soybean oil (November shipment) was 1,181 US dollars/ton, down 20 US dollars/ton. The C&F quotes of Canadian rapeseed oil (September and November shipments) remained unchanged. The C&F price of US Gulf soybeans (October shipment) remained unchanged, the C&F price of US West soybeans (October shipment) was down 5 US dollars/ton, and the C&F price of Brazilian soybeans (October shipment) was up 1 US dollar/ton. The import soybean premium quotes for some regions showed little change, with the Brazilian port (October shipment) up 3 cents/bushel [2]

1. Report Industry Investment Rating - Neutral, the oils and fats are expected to show a volatile trend [4] 2. Core View of the Report - The policy benefits for US soybean oil are limited, and the oils and fats market will continue to fluctuate. The market is currently mixed with both long and short factors, including potential changes in Sino - US trade policies and the peak season for palm oil stocking during the Double Festival [1][3] 3. Summary by Related Content Market Analysis - **Futures Prices**: On the previous trading day, the closing price of the palm oil 2601 contract was 9,500 yuan/ton, a decrease of 82 yuan or 0.86% compared to the previous period; the closing price of the soybean oil 2601 contract was 8,456 yuan/ton, a decrease of 32 yuan or 0.38%; the closing price of the rapeseed oil 2601 contract was 9,821 yuan/ton, a decrease of 70 yuan or 0.71% [1] - **Spot Prices**: In the Guangdong region, the spot price of palm oil was 9,440 yuan/ton, a decrease of 110 yuan or 1.15%, with a spot basis of P01 + - 60 yuan, a decrease of 28 yuan compared to the previous period; in the Tianjin region, the spot price of first - grade soybean oil was 8,600 yuan/ton, a decrease of 20 yuan or 0.23%, with a spot basis of Y01 + 144 yuan, an increase of 12 yuan; in the Jiangsu region, the spot price of fourth - grade rapeseed oil was 9,940 yuan/ton, a decrease of 70 yuan or 0.70%, with a spot basis of OI01 + 119 yuan, unchanged from the previous period [1] Recent Market News - **Policy News**: Malaysia's Ministry of Plantation Industries and Commodities is seeking to exempt crude palm kernel oil and refined palm kernel oil from the Sales and Services Tax (SST). These two raw materials currently face a 5% special tax, and the exemption application has been submitted to the Ministry of Finance [2] - **Production Data**: From August 1 - 25, 2025, the yield per unit of Malaysian palm oil decreased by 3.26% compared to the same period last month, the oil extraction rate increased by 0.4%, and the output decreased by 1.21% [2] - **Inventory Data**: As of the end of the 34th week of 2025, the total inventory of imported rapeseed in China was 192,000 tons, a decrease of 45,000 tons from the previous week's 237,000 tons, and far lower than the 477,000 tons in the same period last year [2] - **Import Price Data**: The C&F price of US Gulf soybeans (October shipment) was 475 US dollars/ton, an increase of 4 US dollars/ton compared to the previous trading day; the C&F price of US West soybeans (October shipment) was 460 US dollars/ton, a decrease of 5 US dollars/ton; the C&F price of Brazilian soybeans (October shipment) was 486 US dollars/ton, a decrease of 3 US dollars/ton. The import soybean premium quotes also had corresponding changes [2]

Group 1 - The overall bullish sentiment in the commodity market has slightly weakened, leading to a slowdown in the recent upward momentum of the oilseed market, but the fundamental support remains strong, maintaining a long-term bullish outlook on oilseeds [1] Group 2 - Malaysia's palm oil production in July was reported at 1.8124 million tons, a month-on-month increase of 7.09%, slightly below market expectations of 1.83 million tons; exports increased by 3.82% to 1.3091 million tons, slightly exceeding expectations; ending stocks rose by 4.02% to 2.1133 million tons, marking the fifth consecutive month of increase but still below the expected 2.23 million tons [2] - High-frequency data indicates that the seasonal production increase cycle may have peaked, with palm oil production from August 1 to 20 showing only a slight month-on-month increase of 0.3%, while export figures recorded a significant month-on-month increase of 13.6% [2] Group 3 - The USDA reported a significant unexpected decrease in U.S. soybean planting area by 2.5 million acres to 80.9 million acres, a reduction of 6.2 million acres compared to last year; despite an increase in yield forecast from 52.5 bushels per acre to 53.6 bushels per acre, total production was still adjusted down by 4.3 million bushels to 4.292 billion bushels [3] - The ProFarmer annual crop tour indicated that soybean pod counts were higher than last year in most major producing states, with new crop yield estimates at 53 bushels per acre, slightly below the USDA's estimate [3] Group 4 - As the South American soybean export season ends in September, the market will shift back to U.S. soybeans; if high tariff policies persist, there may be a supply gap in the domestic soybean market [4] - The Ministry of Commerce of China announced preliminary anti-dumping measures on canola seeds from Canada, requiring importers to pay a deposit of 75.8%, which could tighten supply as Canada is the largest source of canola imports for China [4] Group 5 - The U.S. EPA's Renewable Fuel Standard (RFS) proposal sets higher blending volumes for biofuels in 2026 and 2027, which is expected to increase U.S. soybean oil demand by about 20% [5] - Indonesia's B40 policy is projected to require 1,419 million tons of palm oil, an increase of 223 million tons year-on-year, with potential future implementation of B50 further boosting domestic palm oil consumption [5]

Group 1: Report Investment Rating - The investment strategy for the industry is neutral [4] Group 2: Core View - The high price of Malaysian palm oil may suppress demand, leading to price fluctuations and adjustments. The prices of the three major oils fluctuated yesterday. The Malaysian palm oil futures price fell on Monday due to concerns that the recent high prices may suppress future demand. Although the overall demand remains good due to the upcoming festival stocking in China, the long - term inversion of the soybean oil - palm oil price spread also exerts certain pressure on the market [1][3] Group 3: Market Analysis Futures Prices - The closing price of the palm oil 2601 contract yesterday was 9582.00 yuan/ton, a decrease of 10 yuan or 0.10% compared to the previous day. The closing price of the soybean oil 2601 contract was 8488.00 yuan/ton, an increase of 30.00 yuan or 0.35%. The closing price of the rapeseed oil 2601 contract was 9891.00 yuan/ton, an increase of 1.00 yuan or 0.01% [1] Spot Prices - The spot price of palm oil in Guangdong was 9550.00 yuan/ton, an increase of 70.00 yuan or 0.74%. The spot basis was P01 + - 32.00, an increase of 80.00 yuan. The spot price of first - grade soybean oil in Tianjin was 8620.00 yuan/ton, an increase of 80.00 yuan/ton or 0.94%. The spot basis was Y01 + 132.00, an increase of 50.00 yuan. The spot price of fourth - grade rapeseed oil in Jiangsu was 10010.00 yuan/ton, with no change, and the spot basis was OI01 + 119.00, a decrease of 1.00 yuan [1] Market News - Malaysia's palm oil exports from August 1 - 25 were 1065005 tons, a 16.4% increase compared to the same period last month. China has purchased over 70% of its October - shipment soybeans, and only 10% of November - shipment soybeans. The domestic soybean crushing volume of oil mills decreased slightly last week. As of the week of August 22, the domestic main oil mills' soybean crushing volume was 2.27 million tons, a week - on - week decrease of 70,000 tons, a month - on - month increase of 30,000 tons, a year - on - year increase of 220,000 tons, and an increase of 350,000 tons compared to the average of the past three years. It is expected that the oil mills' operating rate will remain high this week, and the crushing volume will rebound to about 2.5 million tons. The C&F prices of US Gulf soybeans (September shipment), US West soybeans (September shipment), and Brazilian soybeans (October shipment) were 471, 465, and 489 US dollars/ton respectively. The C&F prices of Canadian rapeseed (October and December shipments) were 550 and 540 US dollars/ton respectively [2]