油脂油料早报-20250704

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The US soybean and soybean meal export sales data for the week ending on the 26th showed significant increases in net sales compared to the previous week and the four - week average, while the export shipments decreased to some extent [1]. - Malaysia's palm oil inventory in a certain month is expected to decline for the first time in four months due to unexpectedly reduced production and strong export demand [1]. 3. Summary by Related Catalogs Overnight Market Information - Soybean Exports:民间出口商向未知目的地出口销售22.6万吨大豆（2024/2025市场年度付运）；26日止当周，美国当前市场年度大豆出口销售净增46.24万吨，较前一周增加15%，较前四周均值增加62%，下一市场年度净增23.90万吨；当周美豆出口装船25.16万吨，较前一周减少5%，较此前四周均值减少27%；当前市场年度新销售53.32万吨，下一市场年度新销售23.91万吨 [1]. - Soybean Meal Exports:民间出口商向未知目的地出口销售19.5万吨豆粕（4.5万吨2024/2025市场年度付运，15万吨2025/2026市场年度付运）；26日止当周，美国当前市场年度豆粕出口销售净增30.62万吨，较前一周增加226%，较前四周均值增加69%，下一市场年度净增39.74万吨；当周美豆粕出口装船23.83万吨，较前一周减少15%，较此前四周均值减少8%；当前市场年度新销售35.78万吨，下一市场年度新销售39.74万吨 [1]. - Malaysian Palm Oil:库存料降至199万吨，较5月减少0.24%；毛棕榈油产量预计环比下降4.04%至170万吨；出口预计增加4.16%至145万吨；国内消费量预计为326,677吨 [1]. Spot Prices - The spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from June 27 to July 3, 2025, showed certain fluctuations [5].