国富期货早间看点：SPPOMA马棕6月前5日产量增19.09% Safras24／25年巴西大豆已销售64%-20250609

1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints of the Report The report comprehensively presents the overnight and spot market conditions of multiple commodities such as palm oil, soybeans, and their related products, along with important fundamental information, macro - news, and capital flow data. It also analyzes the impact of weather on crop production and the influence of various economic data on the market [1][2][3]. 3. Summary by Relevant Catalogs 3.1 Overnight Market Conditions - The closing price of BMD palm oil 08 was 3917.00, with a previous - day increase of 0.33%. Brent 08 (ICE) closed at 66.65, up 2.08% previously and 0.56% overnight. NYMEX crude oil 07 closed at 64.77, up 2.40% previously and 0.39% overnight [1]. - The latest price of the US dollar index was 99.19, up 0.50%. The exchange rate of CNY/USD was 7.1845, down 0.03% [1]. 3.2 Spot Market Conditions - For DCE palm oil 2509, the spot price in North China was 8590, with a basis of 500 and no change from the previous day. In East China, it was 8490, with a basis of 400 and a decrease of 20 from the previous day [2]. - For DCE soybean meal 2509, in Shandong, the spot price was 2840, with a basis of - 159 [2]. 3.3 Important Fundamental Information - From June 1 - 5, 2025, Malaysian palm oil production increased by 19.09%, with a 19.16% increase in yield and a 0.01% decrease in oil extraction rate [6]. - As of the week ending June 3, CBOT soybean long - positions decreased by 3097 lots to 191916 lots, and short - positions increased by 9517 lots to 131969 lots [7]. - The FAO vegetable oil price index in May averaged 152.2 points, down 5.8 points (3.7%) month - on - month but still 19.1% higher than the same period last year [9]. 3.4 Macro - news International News - The US non - farm payrolls in May were 139,000, higher than the expected 130,000. The unemployment rate was 4.2%, in line with expectations [15]. - The eurozone's Q1 GDP annual rate revision was 1.5%, higher than the expected 1.2% [15]. Domestic News - On June 6, the central bank conducted 1350 billion yuan of 7 - day reverse repurchase operations, with a net withdrawal of 1561 billion yuan on that day [17]. - China's central bank's gold reserves at the end of May were 73.83 million ounces, an increase of 60,000 ounces from the previous month [17]. 3.5 Key Information Analysis - Malaysia's palm oil ending inventory in April increased by 19.37% to 1.866 million tons, with a significant increase in production and the report's impact being negative [18]. - The USDA May supply - demand report increased US soybean exports in the 24/25 season by 25 million bushels to 1.85 billion bushels, and the ending inventory was estimated to be 350 million bushels [19]. 3.6 Capital Flow - On June 6, 2025, the futures market had a net capital outflow of 2.243 billion yuan, with a net inflow of 4.883 billion yuan in commodity futures and a net outflow of 7.127 billion yuan in stock index futures [22].