宝城期货豆类油脂早报-20250715

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core View of the Report - The short - term trend of soybean meal and palm oil futures is expected to be oscillating and strengthening, while the medium - term trend is oscillating [5][6][7] Group 3: Summary by Variety Soybean Meal (M) - View: Short - term and intraday view is oscillating and strengthening, medium - term view is oscillating; reference view is oscillating and strengthening [5][7] - Core Logic: The excellent growth rate of US soybeans exceeded market expectations, and the futures price fell again to test the support at the 1000 - cent mark. The negative basis of domestic soybean meal continued to widen. In the short term, the supply expectation of soybean meal futures dominated the market again. The futures were stronger than the spot, and the trend was stronger than that of US soybeans. The short - term oscillating and strengthening pattern continued [5] Palm Oil (P) - View: Short - term and intraday view is oscillating and strengthening, medium - term view is oscillating; reference view is oscillating and strengthening [6][7][8] - Core Logic: The fundamentals of Malaysian palm oil continued to improve, which boosted the palm oil futures price and had a continuous linkage effect on domestic palm oil futures prices. The domestic palm oil futures price followed the fluctuations of the international palm oil market. The lack of enthusiasm from capital participation restricted the rebound space, and it ran in an oscillating and strengthening manner in the short term [8]