- China is active this week, buying cargos of South American soybean for October-November shipment

- There was talk of 2-3 cargoes of Argentinian soymeal trading into the southeast US for Sept-Oct

- Weekly US soybean export sales data for week ended July 9 – 552,500 MT, incl. 45,500 MT for 2014/15 vs. expected sales between -50,000-+150,000 MT and 507,000 MT for 2015/16 vs. expected 200,000-400,000 MT

- The US soybean crop has more time to recover from waterlogged conditions, with most plants typically producing beans during August

- India's Monsoon rainfall estimated 14% below normal for the week ending July 15

- India imported 1.016 MMT of veg oils in June vs. 1.372 MMT in May and vs. 883,679 MT a year ago

- India imported 571,496 MT of crude palm oil in June vs. 624,201 MT in May and vs. 512,358 MT a year ago

- India imported 147,813 MT of RBD palmolein in June vs. 275,150 MT in May and vs. 80,391 MT a year ago

- India imported 154,090 MT of soybean oil in June vs. 289,266 MT in May and vs. 99,682 MT a year ago

- India imported 105,100 MT of sunflower oil in June vs. 153,048 MT in May and vs. 155,475 MT a year ago

- India imported 20,450 MT of rapeseed oil in June vs. 9,027 MT in May and 7,332 MT a year ago

- India's current stock of edible oils as on 1st July, 2015 at various ports is estimated at 610,000 tons (CPO 300,000 MT, RBD Palmolein 90,000 MT, Degummed Soybean Oil 80,000 MT, Crude Sunflower Oil 125,000 MT and 15,000 MT of Rapeseed (Canola) Oil and about 1.57 MMT in pipelines. Total stock at ports and in pipelines slightly decreased to 2.18 MMT from 2.25 MMT a month ago, but well above last year's of 1.42 MMT. India's monthly requirement is about 1.6 MMT