豆类油脂早报-20250605

Report Industry Investment Rating - Not provided in the content Core Viewpoints of the Report - The overall trend of domestic soybean futures prices follows the external market, and the upward trend has ended. The soybean futures price in the US will still be affected by weather themes and trade risks, maintaining a pattern of being prone to rise and hard to fall. The short - term trend is mainly volatile. The supply and demand pattern of palm oil in Southeast Asia has improved marginally, and the demand outlook has become more optimistic. The strength relationship among the three major oil varieties in the oil sector has changed, and palm oil has become a strong variety [6][8] Summary by Variety Soybean Meal (M) - Time - frame Views: Short - term: oscillating; Medium - term: oscillating; Intraday: oscillating weakly; Reference view: oscillating weakly [6][7] - Core Logic: As the weather theme in North and South America weakens, the rebound of US soybean futures prices has slowed down. The current market's main trading logic follows the weather theme, and the linkage between domestic and foreign markets has increased. The short - term trend is mainly volatile. The factors affecting it include import arrival rhythm, customs clearance inspection, oil refinery operation rhythm, and备货 demand [6][7] Palm Oil (P) - Time - frame Views: Short - term: oscillating; Medium - term: oscillating; Intraday: oscillating strongly; Reference view: oscillating strongly [7][8] - Core Logic: The supply - demand pattern of palm oil in Southeast Asia has improved marginally. The increase in Indian demand has made the market optimistic about the demand outlook for palm oil. The prices of domestic and foreign palm oil futures have rebounded jointly. The strength relationship among the three major oil varieties in the oil sector has changed, and palm oil has replaced rapeseed oil as a strong variety. The factors affecting it include Malaysian palm production and exports, Indonesian exports, tariff policies of major producing countries, domestic arrival and inventory, and substitution demand [7][8] Soybean Oil - Time - frame Views: Short - term: oscillating; Medium - term: oscillating; Intraday: oscillating weakly; Reference view: oscillating weakly [7] - Core Logic: The factors affecting it include US tariff policies, US soybean oil inventory, biodiesel demand, domestic raw material supply rhythm, and oil refinery inventory [7]