油脂油料早报-20250717

Report Summary 1) Report Industry Investment Rating No relevant information provided. 2) Core Viewpoints - The USDA will release the weekly export sales report on Thursday at 20:30. Analysts predict that US soybean export sales from July 1 - 10, 2025, will net increase by 350,000 - 1,000,000 tons, with 200,000 - 600,000 tons for the 2024/25 season and 150,000 - 400,000 tons for the 2025/26 season. US soybean meal export sales are expected to net increase by 200,000 - 700,000 tons, and US soybean oil export sales are expected to net increase by 0 - 23,000 tons [1]. - The Rosario Grains Exchange in Argentina raised the country's 2024/25 soybean production forecast to 49.5 million tons from the previous 48.5 million tons [1]. - SGS data shows that Malaysia's palm oil exports from July 1 - 15, 2025, decreased by 22.18% compared to the same period last month. SPPOMA data indicates that Malaysia's palm oil production from July 1 - 15, 2025, increased by 17.06% month - on - month, with a 17.95% increase in fresh fruit bunch yield and a 0.17% decrease in oil extraction rate [1]. 3) Summary by Related Catalogs Overnight Market Information - US Agricultural Product Export Sales Forecast: US soybean export sales from July 1 - 10, 2025, are expected to net increase by 350,000 - 1,000,000 tons; soybean meal by 200,000 - 700,000 tons; and soybean oil by 0 - 23,000 tons [1]. - Argentina's Soybean Production Forecast: The Rosario Grains Exchange raised Argentina's 2024/25 soybean production forecast to 49.5 million tons [1]. - Malaysia's Palm Oil Data: Exports from July 1 - 15, 2025, decreased by 22.18% month - on - month, while production increased by 17.06% [1]. Spot Prices - The spot prices of various agricultural products such as soybean meal, rapeseed meal, soybean oil, palm oil, and rapeseed oil in different regions from July 10 - 16, 2025, are presented, showing price fluctuations during this period [2]. Protein Meal Basis No specific content provided. Fat Basis No specific content provided. Oil and Fat Futures Price Spreads No specific content provided.