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油脂油料早报-20250527
Yong An Qi Huo·2025-05-27 03:13

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints - Datagro raised its production forecasts for Brazilian soybeans and corn in the 2024/25 season due to increased planting area and improved average yields [1]. - Canadian rapeseed crushing volume in April 2025 decreased compared to the previous month and the same period last year, along with declines in canola oil and meal production [1]. - Malaysian palm oil exports from May 1 - 25, 2025, increased significantly compared to the previous month, while production showed a slight increase [1]. 3) Summary by Related Catalogs Overnight Market Information - Brazilian soybean production in the 2024/25 season is expected to reach 172 million tons, up from the previous estimate of 171.2 million tons [1]. - Brazilian corn production is expected to reach 132.7 million tons, a 0.7% increase from the previous forecast [1]. - Canadian rapeseed crushing volume in April 2025 was 919,345 tons, a 10.27% decrease from the previous month and a 4% decrease from the same period last year [1]. - Canola oil production in April 2025 was 390,276 tons, a 10.5% decrease month - on - month and a 5.47% decrease year - on - year [1]. - Canola meal production in April 2025 was 543,039 tons, a 10.59% decrease month - on - month and a 2.27% decrease year - on - year [1]. - The cumulative rapeseed crushing volume in the 2024/25 season was 8,756,219 tons, with canola oil production of 3,694,686 tons and canola meal production of 5,141,549 tons [1]. - Malaysian palm oil exports from May 1 - 25, 2025, were 947,248 tons, a 34.71% increase compared to the same period in the previous month [1]. - Malaysian palm oil production from May 1 - 25, 2025, increased by 0.73% month - on - month, with a 1.06% decline in fresh fruit bunch yield and a 0.34% increase in oil extraction rate [1]. Imported Soybean Futures Margin, Fat Import Margin, Spot Price - Spot price data for various products from May 20 - 26, 2025, are provided, including prices for soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and canola oil in Jiangsu [4]. Protein Meal Basis, Fat Basis, Fat and Oil Futures Spread No detailed data or analysis provided.