Report Industry Investment Rating - No information provided Core Viewpoints - The report presents overnight market information on U.S. soybean and soybean meal export sales, Brazilian soybean production and export forecasts, and the adjustment of Malaysia's palm oil reference price and export tax [1] - It also provides spot price data for various oilseeds and oils [2] Summary by Relevant Catalogs Overnight Market Information - For the week ending July 10, U.S. soybean export sales totaled a net increase of 801,500 tons as expected. Current - market - year sales net increased by 271,900 tons, down 46% from the previous week and 39% from the four - week average. Next - market - year sales net increased by 529,600 tons. Export shipments were 276,400 tons, down 30% from the previous week and 8% from the four - week average. New sales for the current and next market years were 300,600 tons and 529,800 tons respectively [1] - For the week ending July 10, U.S. soybean meal export sales totaled a net increase of 530,500 tons as expected. Current - market - year sales net increased by 356,500 tons, up 72% from the previous week and 86% from the four - week average. Next - market - year sales net increased by 174,000 tons. Export shipments were 343,200 tons, up 17% from the previous week and 26% from the four - week average. New sales for the current and next market years were 410,400 tons and 179,800 tons respectively [1] - Abiove raised its forecast for Brazil's 2024/25 soybean exports from 108.2 million tons to 109 million tons, maintained the production forecast at 169.7 million tons, and increased the crushing volume forecast from 57.5 million tons to 57.8 million tons. The biodiesel blending ratio increase boosted the processing outlook. The forecast for soybean meal exports was maintained at 23.6 million tons, soybean oil exports were revised down from 1.4 million tons to 1.35 million tons, soybean oil production was raised from 11.45 million tons to 11.6 million tons, and soybean meal production was revised up to 44.5 million tons from 44.1 million tons [1] - Malaysia raised its August reference price for crude palm oil, increasing the export tax to 9%. The August reference price is 3,864.12 Malaysian ringgit ($910.28) per ton, compared with 3,730.48 Malaysian ringgit in July with an 8.5% export tax [1] Spot Prices - Spot prices for various products such as soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from July 11 to July 17, 2025 are provided [2] Others - Information on protein meal basis, oil basis, and oilseed and oil futures price spreads is mentioned but no specific data is presented [3][6][7]
永安期货油脂油料早报-20250718
Yong An Qi Huo·2025-07-18 05:24