Daily review on soybean meal: US soybean futures on CBOT last night closed lower owing to profit taking, correspondingly, soybean meal today on DCE drops most of the time. Domestic soybean meal spots are weighed down tracking furtures, yet lower prices may attract some deals. Soybean meal prices in coastal areas range from 3,150 to 3,200 yuan/tonne, a drop of 10-30 yuan/tonne against yesterday (Tianjin prices 3,200 yuan/tonne, Shandong 3,150-3,200 yuan/tonne, Jiangsu 3,200-3,240 yuan/tonne, Dongguan 3,180-3,260 yuan/tonne, Guangxi 3,200-3,240 yuan/tonne). Soybean meal spot prices overall edge down in the morning for the reason that as high as 28.5 Mln tonnes of soybeans are expected to arrive at ports in May-to-July period, and driven by profitable crush margins, weekly crush may possibly reach an exceedingly high level of 1.8 Mln tonnes in the following two weeks, and for another that losses in pig raising and slack demand in off-season aquatic raising contribute to fragile consumption of meals in end users. In addition, some crushers urges buyers to make delivery in case of bloated soybean meal, especially in Shandong province. Argentina's soybean production decreases by 30% or far more above and lingering nerves over US-China trade tensions work against US soybean planting acreage. Surprisingly, meals on Dalian Commodity Exchange end the day higher, soaring by 70 points drastically when China's Ministry of Commerce is resolved to take anti-dumping measures on US sorghum imported from the date Apr.18th. Besides, there have been ideas in the marketplace that US administration will public its detail tariffs on Chinese goods worthy of 100 billion dollars. That a possible heating-up of the trade tension will underpin soybean meal prices in market. Attention should still be paid to the trade spat and buyers had better make replenishment upon bargain buying instead of chasing high.  

    Daily review on imported rapeseed meal: today, prices for imported rapeseed meal drop steadily, among which prices in coastal areas stand at 2,560-2,680yuan/tonne with a drop of 10 yuan/tonne over yesterday (Guangxi offers 2,600 yuan/tonne; Guangdong Fuzhiyuan 2,680 yuan/tonne down 10 yuan/tonne from yesterday; Fujian 2,680 yuan/tonne). An improvement of rapeseed processing capacity helped by good crush margins, sufficiently large soybean and rapeseed at ports contribute to a pile-up of rapeseed meal stockpiles, notwithstanding, slow demand in end users stumbles its consumption and weighs on its performance. But affected by China's proposed countermeasure against US sorghum dumping and US proposed tariffs on Chinese goods worthy of 100 billions, rapeseed meal is likely to price up in the days ahead following rallies in soybean meal. 

    Daily review on fishmeal: today, prices for imported fishmeal edge lower in a steady pace, yet prices are negotiable upon transaction and shipments at ports are general. Southern ports: fishmeal price for Peru ordinary SD with 65% protein content are 11,700-11,800 yuan/tonne, 12,600-12,800 yuan/tonne for Japanese SD with 67% protein content; 13,000 yuan/tonne for super steam fish