CBOT closing prices for benchmark futures: Soybeans at 1114.00 cent/bushel, down 2.75 cent/bushel; soybean oil at 74.98/lb, up 0.29/lb. Recent favorable weather conditions in the U.S. Midwest have led to rapid soybean planting progress, and the market holds an optimistic outlook for future production prospects. Basis quotes remained relatively stable. Yesterday, soybean oil trading volume reached 16,300 tonnes, with spot trading activity improving somewhat. At present, oil mills are mainly fulfilling previously signed contracts, while downstream end-users maintain just-in-case procurement. Domestic soybean supply remains ample overall, and soybean oil inventories continue to accumulate. With a loose supply environment, near-term spot basis for soybean oil is expected to see range-bound consolidation.