国富期货国富期货：马来2024年棕榈油重植率为2%低于目标 Safras巴西24/25年大豆已销售78.4%

1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints The report presents a comprehensive overview of the futures market, including overnight and spot prices, important fundamental information, macro - news, fund flows, etc. It covers multiple aspects of the agricultural and energy futures, as well as international and domestic macro - economic factors that may impact the market [1][11]. 3. Summary by Directory Overnight行情 - The closing prices and price changes of various futures, including Malaysian palm oil, Brent crude oil, US crude oil, US soybeans, etc., are presented. The US dollar index and exchange rates of multiple currencies against the US dollar are also provided [1]. Spot行情 - Spot prices, basis, and basis changes of DCE palm oil, DCE soybean oil, and DCE soybean meal in different regions are given. CNF quotes and CNF premium information for imported soybeans are also included [2]. Important Fundamental Information 产区天气 - The future weather outlook (August 10 - 14) for US soybean - producing states shows that most areas will have higher - than - normal temperatures and precipitation. The US Midwest planting belt will have showers this week, with good soil moisture in most areas [3][5]. 国际供需 - Malaysia plans to increase the allocation for palm oil replanting projects from 2026 - 2030. In 2024, the replanting rate was only 2%, far below the 4% target. Brazil's soybean sales data for different seasons are provided. EU's imports of palm oil, soybeans, soybean meal, and rapeseed in 2025/26 are lower than the previous year. The Baltic Dry Index continued to decline [7][9]. 国内供需 - On August 5, the total trading volume of soybean oil and palm oil decreased. The trading volume of soybean meal increased, while the oil - mill operating rate decreased. The national soybean oil port inventory increased. The "Agricultural Product Wholesale Price 200 Index" and the "Vegetable Basket Product Wholesale Price Index" rose slightly [10]. Macro - news 国际要闻 - The probability of the Fed cutting interest rates in September and October is high. US economic data such as retail sales, PMI, trade balance, and API crude oil inventory are presented. Trump made statements on tariffs and the Fed chair. Eurozone's PPI and PMI data are also provided [11][13]. 国内要闻 - On August 5, the US dollar/Chinese yuan exchange rate decreased (yuan appreciated). The central bank conducted 7 - day reverse repurchase operations and achieved a net withdrawal of funds. China's futures market trading volume and turnover in July increased year - on - year [15]. Fund Flows - On August 5, 2025, the futures market had a net inflow of 4.689 billion yuan, with commodity futures having a net inflow of 5.333 billion yuan and stock index futures having a net outflow of 0.644 billion yuan [18].