豆粕：生物柴油政策利多，连粕跟随美豆偏强，豆一：豆类市场偏强，跟随补涨

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The biodiesel policy is bullish, and the Dalian soybean meal futures follow the CBOT soybean futures and show a strong trend. The soybean market is strong, and the soybean No.1 futures follow up [1]. - The new biofuel blending requirement proposed by the US Environmental Protection Agency is higher than market expectations, which drives up the prices of soybeans and soybean oil futures [3]. Group 3: Summary According to the Directory 1. Fundamental Tracking Futures - DCE soybean No.1 2509: The closing price of the day - session was 4,241 yuan/ton, up 52 yuan (+1.24%); the closing price of the night - session was 4,249 yuan/ton, up 31 yuan (+0.73%) [1]. - DCE soybean meal 2509: The closing price of the day - session was 3,041 yuan/ton, down 5 yuan (-0.16%); the closing price of the night - session was 3,048 yuan/ton, unchanged (+0.00%) [1]. - CBOT soybean 07: The price was 1,068.5 cents/bushel, up 26.25 cents (+2.52%) [1]. - CBOT soybean meal 07: The price was 291.3 dollars/short ton, down 3.2 dollars (-1.09%) [1]. Spot - In Shandong, the spot price of soybean meal (43%) was 2,920 - 2,970 yuan/ton, flat compared with the previous day. The spot basis and forward basis had different changes, mostly remaining flat or with small adjustments [1]. - In East China, the spot price in Zhangjiagang Dafu, Nantong Cargill and other places had different basis prices for different periods, mostly remaining flat [1]. - In South China, the spot price in Qinzhou COFCO, Fangchenggang Dahai and other places also had different basis prices for different periods, with some prices remaining flat and some having slight changes [1]. Main Industry Data - The trading volume of soybean meal was 12.65 million tons/day on the previous trading day, compared with 58.08 million tons on the two previous trading days [1]. - The inventory of soybean meal was 36.87 million tons/week, and the data of the previous trading day was not available [1]. 2. Macro and Industry News - On June 13, 2025, CBOT soybean futures closed higher, with the benchmark contract up 2.5%. The reason was that the new biofuel blending requirement proposed by the US Environmental Protection Agency was higher than industry expectations. The proposed biofuel blending volume will reach 5.61 billion gallons in 2026 and 5.86 billion gallons in 2027 [3]. 3. Trend Intensity - The trend intensity of soybean meal is +1, and the trend intensity of soybean No.1 is +1, only referring to the price fluctuation of the main - contract futures on the day - session of the reporting day [3].