豆类油脂早报-20250616

1. Report Industry Investment Rating - No specific industry investment rating is provided in the report. 2. Report's Core Viewpoints - The soybean meal futures market is influenced by the weather - driven fluctuations of US soybean prices, positive expectations of US bio - energy policies, and rising import cost expectations, resulting in a continuous staged rebound [5]. - The palm oil market is supported by the active procurement of 6 - 8 - month shipments from India and China. Although the EU market demand decline is a drag, the overall oils and fats sector has entered a rebound channel, and domestic palm oil follows the international palm oil price rebound [7]. 3. Summary by Related Catalogs 3.1 Soybean Meal (M) - Intraday View: Oscillating strongly [5] - Medium - term View: Oscillating [5] - Reference View: Oscillating strongly [5] - Core Logic: US soybean futures prices show weather - market fluctuation characteristics and are supported by positive bio - energy policies. The domestic soybean meal market is affected by rising import cost expectations, and with the return of market sentiment, funds are flowing into the soybean market, continuing the staged rebound [5]. 3.2 Palm Oil (P) - Intraday View: Strong [7] - Medium - term View: Oscillating [7] - Reference View: Strong [7] - Core Logic: International palm oil demand is supported by India and China's procurement, but EU demand decline is a drag. Domestic palm oil inventory is rising with increased purchases. The oils and fats sector is boosted by international oil prices and US bio - fuel policies, and domestic palm oil follows the international price rebound [7].