As U.S. soybean planting is progressing relatively smoothly, the market has shifted its focus more toward near-term soybean arrivals and crushing volumes. Soybean port inventories are increasing rapidly, and both soybean oil and soybean meal stocks are gradually accumulating. In the short term, soybean oil will follow the performance of palm oil and rapeseed oil. On the spot side, basis quotes are showing a stable-to-weak trend. Last week, deferred deliveries such as JuneSeptember, AugustSeptember, and MayJuly 2027 saw increased trading volumes, while spot purchases remain on an as-needed basis.