【早间看点】SPPOMA马棕7月前15日产量增加17.06%美国6月生柴掺混信用额为6.29亿加仑-20250717

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints The report presents a comprehensive overview of the commodity market, including overnight and spot market conditions, weather forecasts, international supply - demand situations, domestic market trading data, macro - economic news, and capital flows. It shows the complex interactions among different factors such as weather, policy, and economic indicators that influence the commodity market [1][2][9][14][16]. 3. Summary by Directory Overnight Market - Overnight prices and price changes of various commodities are presented, including palm oil, crude oil, soybeans, and related products. Also, currency exchange rates and their changes are provided [1]. Spot Market - Spot prices, basis, and basis changes of palm oil, soybean oil, and soybean meal in different regions are shown [2]. - Import soybean CNF quotes and CNF premiums in different regions are presented [4]. Weather Forecast - US soybean - producing states' weather from July 21 - 25 will have rainfall and temperatures close to or higher than normal. Most areas in the US Midwest have favorable weather with good soil moisture, which is beneficial for corn and soybean pollination [5][7]. International Supply - Demand - Malaysia's palm oil production increased by 17.06% from July 1 - 15, 2025, while exports decreased by 22.18% compared to the same period last month [9]. - AI is being used to transform the palm oil industry in Malaysia, improving oil extraction rates, increasing uptime, and reducing labor dependence [10]. - India plans to increase domestic palm oil production to 230 million tons by 2029 [10]. - A private exporter reported a 120,000 - ton soybean export sale to an unknown destination for the 2025/2026 delivery [10]. - Forecasts for US soybean, soybean meal, and soybean oil export sales are provided [11]. - Argentina's soybean sales and export registration data are presented [12]. - Ukraine imposes a 10% export tariff on rapeseed and soybeans, and its rapeseed production forecast for 2025/2026 is given [12][13]. - The Baltic Dry Bulk Freight Index reached a one - month high [13]. Domestic Market Trading - On July 16, the total trading volume of soybean oil and palm oil increased, while the trading volume of soybean meal decreased. The oil mill operating rate increased [14]. - Agricultural product wholesale price indices and prices of pork and eggs are reported [14]. Macro - Economic News - International news includes Fed interest rate probabilities, US industrial output, PPI, mortgage application, and strategic oil reserve data, as well as Indonesia's central bank interest rate cut [16][17]. - Domestic news includes the exchange rate of the US dollar against the RMB and China's central bank's reverse - repurchase operations [18]. Capital Flows - On July 16, 2025, the futures market had a net capital outflow of 14.421 billion yuan, with details on different types of futures [22]. Arbitrage Tracking No relevant content provided.