出口检验147万吨，单日大涨1.2%！资金正在抄底美豆期货

Group 1 - The U.S. soybean futures market is experiencing a long-awaited upward trend, driven by optimism surrounding U.S.-China trade relations and unexpectedly strong export data, pushing prices to a one-month high [1][3]. - Chicago Board of Trade (CBOT) soybean futures saw a significant rebound, with the benchmark contract closing up 1.2%, marking the highest level in over a month, and trading volume for November contracts increased to 163,000 lots, indicating heightened market participation [1][3]. - President Trump's recent statements regarding trade negotiations have positively impacted the soybean market, expressing confidence in reaching an agreement with China and prioritizing the restoration of U.S. soybean purchases [3]. Group 2 - Strong fundamental data supports the price increase, with the USDA's weekly export inspection report showing soybean export inspections reaching levels far exceeding market expectations as of the week ending October 16 [5]. - Despite U.S. soybean export volumes being significantly lower than the previous year, analysts note that performance has been stronger than anticipated, attributed to increased demand from other regions [6]. - Seasonal pressure is easing as the U.S. soybean harvest nears completion, providing a rebound opportunity for the market, although long-term pressure from expanding South American supply remains a concern [8]. Group 3 - The strong performance of soybean crushing demand provides additional support for the soybean market, with December soybean meal futures also benefiting from rising South American meal premiums, opening short-term opportunities for U.S. meal exports [12]. - Domestic crushing demand in the U.S. has remained robust, with the National Oilseed Processors Association (NOPA) reporting higher-than-expected crushing volumes, reflecting strong domestic demand for soybeans [14]. - The future direction of U.S. soybean prices will largely depend on whether optimistic sentiments from trade negotiations translate into actual orders from China, while record production expectations from Brazil pose a looming threat to market prices [15].