豆粕：美农报告落地，市场情绪反馈不佳

Group 1 - The core viewpoint of the article indicates that the USDA report for November shows a slight downward adjustment in both the yield and production of U.S. soybeans for 2025, with expected yield at 53 bushels per acre and total production at 4.253 billion bushels [1] - The adjustments in the USDA report align with prior market expectations, but the extent of the adjustments was less than anticipated, leading to a negative market sentiment [1] - Following the report's release, U.S. soybean futures prices experienced a significant decline, which is expected to weaken domestic cost support for soybean meal in China [1] Group 2 - The article emphasizes the need to monitor China's further procurement activities of U.S. soybeans in light of the price adjustments and market reactions [1]