From August 25, 2014 to August 29th a week, at present domestic bean market there is still demand gap, and oil procurement more cautious, short-term trend of price dilemma. As of Friday (29 days), Dalian disk soybean 152 0173 3840 main contract closed at 4583 yuan / ton, week rose 71 yuan / ton. Grease, this week in Dalian disc oil futures have risen, but the gains are modest, as of Friday (29 days), Dalian disk soybean oil main 152 0173 3840 contract closed 6058 yuan / ton, week rose 28 yuan / ton, Dalian disc palm oil 152 0173 3840 main contract closed at 5138 yuan / ton, week rose 28 yuan / ton, the current the rate of domestic oil spot boost the role of limited, week domestic oil spot vulnerable has not changed. Meal, soybean fall apart by the impact of domestic soybean meal, even the disc also follow down, as of Friday (29 days), Dalian disk soybean meal 152 0173 3840 main contract closed at 3253 yuan / ton, the week down 28 yuan / ton, the futures market, the domestic soybean meal spot pressure drop. Subject to external influence, this week, cotton purchase prices are stable, the purchase and sale of local fell, the basic stagnation, the market waiting for the next year; cottonseed oil continue down trend, along with the New Year approaching, the wait-and-see sentiment strong, clinch a deal is poor; cottonseed meal prices continue to decline, manufacturers of goods greater pressure, market sentiment is pessimistic; cotton linter most stable, local fell slightly, the downstream inquiry continues to increase; cotton shell prices continue rising trend, the peak season demand, market supply, prices continue to remain strong possibility.

A, cottonseed: price in order to smooth the main purchase basic stagnation

Last week, along with the New Year approaching, cotton prices to a smooth, the scarcity of transactions, the parties wait-and-see sentiment strong. Over the weekend, part hair seed cotton producing areas of price: 1.32-1.33 yuan / Jin near Hebei, Shandong 1.33 yuan / Jin near, near Henan 1.32 yuan / Jin, Jin Shan area near 1.29-1.30 yuan / Jin, South Xinjiang 1.16 yuan / Jin near. Domestic cotton purchase price this week, most stable, partial fell, acquisition work gradually stagnation. At present the press loss is still serious, of which Shandong, Hebei area oil loss of nearly 100 yuan / ton, compared with last week to continue to expand. By crushing losses, mill also choose stop, at present Shandong province maintain manufacturers insufficiency 10, Hebei 7-8. And now the raw material supply nearly exhausted, mill for raw materials has been stopped buying, so the short-term cottonseed sporadic purchase price following new weakening. This year's cotton subsidies policy rules has not yet been introduced, cotton ginning factory temporary also dare not to purchase materials, general wait-and-see. In addition, this year is expected to Xinjiang cottonseed listed time will delay, and the cotton acreage decreased by about 15%, cotton production will be decreased significantly compared with last year, will restrain the cottonseed prices sharply lower, expected cottonseed market goods vulnerable.

Two, the cotton: peripheral weak market dragged down the prices continue to decline

Last week, soybean oil, palm oil and weak market has not changed, unfavorable cottonseed oil prices, coupled with the high inventory, demand is weak, prices continue to decline. Over the weekend, the cotton prices in parts: Hebei near the 5740 yuan / ton, Shandong 5640 yuan / ton in the vicinity, Henan 5800 yuan / ton, Shanxi Shaanxi 5600-5650 yuan / ton near the region, South Xinjiang 4630 yuan / ton. The port area of soybean oil domestic mainstream price 5750-5960 yuan / ton, compared with last week's price 10-80 yuan / ton, the Shandong area oil spreads have very close; 24 degrees of palm oil price 5200-5400 yuan / ton, compared with last week fell 30-130 yuan / ton, more than three oil price price in the 340-540 yuan / ton. Domestic four levels of rapeseed oil in the lower reaches of Yangtze River ex factory price stability in the 7850-8000 yuan / ton, relatively drop last week 50 yuan / ton, coastal import rapeseed crushing four vegetable oil prices in the 5700-5800 yuan / ton, compared with last week fell 50-100 yuan / ton, continue to drag down the market. The current oil market "high inventory, low demand" pattern still maintain, data display, as of 29, the domestic soybean oil inventories totaled 1326400 tons, compared with the same period last week's 1336100 tons reduced slightly, compared with the same period last year increased by 1053600 tons to 272800 tons, an increase in about 26%. The reservoir oil inventory is more than about 6000000 tons, the overall oversupply situation has not changed, and the current level of cottonseed oil and soybean oil spreads have narrowed to 200 yuan / ton, palm oil prices higher than 200 yuan / ton, price on the low side has obvious disadvantages, downstream cotton purchase intent, the wait-and-see mood of so-called unabated, demand is weak, factory is still not optimistic about the market outlook, have sale. Therefore, the market fundamentals continue to bad, is expected to remain weak in cottonseed oil or declining trend, but the high cost or limit its downlink speed.

Three, cottonseed meal: bad factors still dominant prices continue the trend of decline

Last week, soybean meal spot stagflation fall, rapeseed meal prices continue to decline, the bad meal prices, prices continue to fall. Over the weekend, cottonseed meal prices in parts of Hebei: 40% protein near the 2940 yuan / ton, Shandong 40% protein near the 2890 yuan / ton, Henan 40% protein near the 2840 yuan / ton, Jin Shan area of 40% protein 2960-3120 yuan / ton near South Xinjiang 42% protein, 2560 yuan / ton near. The bad factors: one is the decline in soybean meal prices vulnerable. The pan down the impact of pressure drop, the spot. As of 29, coastal soybean meal price 3410-3570 yuan / ton, compared with last week fell 10-50 yuan / ton, cottonseed meal and soybean meal price is 600 yuan / ton, much lower than 1000 yuan / tons of normal price, in the feed is still no competitive advantage, leading to feed factory modified formula, increased soybean meal consumption, reduce the amount of cotton meal, cottonseed meal demand decreased significantly, so the price pressure. Two rapeseed meal prices continued to fall. The current market demand weakness, refinery and traders overstock, spot pressure drop. At present, rapeseed meal prices have been significantly below the cottonseed meal, cottonseed meal as the market adversely, in addition