油脂油料早报-20250707

Report Summary 1) Report Industry Investment Rating No investment rating information is provided in the report. 2) Core View The report presents overnight market information on the oilseeds and oils industry, including sales and export data of major crops in different countries and production data of palm oil in Malaysia [1]. 3) Summary by Relevant Catalogs Overnight Market Information - Brazilian 2024/25 soybean sales reached 69.8% of the expected output, and 2025/26 sales reached 16.4% of the expected output [1] - Brazil exported 13,420,303 tons of soybeans in June 2025, compared to 13,959,612 tons in the same period last year [1] - Canadian canola exports in the week ending June 29, 2025, increased by 47.2% to 173,500 tons from the previous week, and from August 1, 2024, to June 29, 2025, exports increased by 50.9% to 9.1055 million tons compared to the same period last year. As of June 29, the commercial inventory was 1.2112 million tons [1] - Malaysian crude palm oil production in June 2025 decreased by 4.69% or 1.69 million tons month - on - month, with different production trends in different regions [1] Spot Price - The report shows 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 30 to July 4, 2025, with price fluctuations observed [2] Others - There are also sections on protein meal basis, oils basis, and oils and oilseeds futures price spreads, but no specific data is provided [3][6]