宝城期货豆类油脂早报-20250711

Report Industry Investment Rating - No relevant content provided Core Viewpoints of the Report - The overall view for soybean meal, soybean oil, and palm oil in the short - term, medium - term, and intraday is "oscillating and slightly bullish" [5][7][8] Summary by Related Catalogs Soybean Meal (M) - Time - frame Views: Short - term: oscillating; Medium - term: oscillating; Intraday: oscillating and slightly bullish; Reference view: oscillating and slightly bullish [5][7] - Core Logic: The market focuses on the US Department of Agriculture report tonight. Traders adjust their positions before the report, leading to a rebound in US soybean futures prices. The domestic soybean market supply remains abundant, and rising trade concerns boost market sentiment again. In the short - term, pay attention to the linkage effect of the US Department of Agriculture report. Under the influence of weak reality and trade concerns, soybean meal futures prices are expected to move in an oscillating and slightly bullish manner [5] Palm Oil (P) - Time - frame Views: Short - term: oscillating; Medium - term: oscillating; Intraday: oscillating and slightly bullish; Reference view: oscillating and slightly bullish [7][8] - Core Logic: Palm oil was dragged down by the disappointing Malaysian palm report and weakened. The Malaysian palm report showed that the Malaysian palm inventory increased instead of decreasing, disappointing the market. Some funds left the market, causing the palm oil futures prices to decline. The strengthening of the neighboring soybean oil futures prices provides some support to palm oil futures prices. In the short - term, palm oil futures prices may enter a consolidation phase [8] Other Influencing Factors - Soybean Meal 2509: Influenced by import arrival rhythm, customs clearance inspection, oil refinery operation rhythm, and stocking demand [7] - Soybean Oil 2509: Affected by US biofuel policy, US soybean oil inventory, domestic soybean cost support, supply rhythm, and oil refinery inventory [7] - Palm 2509: Influenced by biodiesel properties, Malaysian palm production and exports, Indonesian exports, main - producing countries' tariff policies, domestic arrival and inventory, and substitution demand [7]