Ongoing conflicts in the Middle East kept markets cautious. Overnight, vegetable oil futures prices fell, with palm oil moving weaker in line with the Malaysian market, while soybean oil saw a modest decline, trading around Yuan 8,550/tonne in recent days. In the spot market, basis strengthened further, with East China spot prices rising to around Y2605 +330 Yuan/kg. However, from the current crush pace, March crush volume is expected to exceed 8 million tonnes, while April crush is projected at around 7 to 7.5 million tonnes. Coupled with current soybean inventories higher than the same period last year, the period of tight supply is expected to be short, with market focus on April crush realization. For forward delivery, basis trading improved, and market rumors persisted about increased soybean oil exports for June shipment, along with expected reserve procurement in JuneJuly.