油脂油料早报-20250808

Report Summary 1) Report Industry Investment Rating No investment rating provided in the report. 2) Core Viewpoints - US soybean export sales and shipments showed significant increases in the week ending July 31, 2025, exceeding market expectations [1]. - Brazil's 2025/26 soybean planting area is expected to grow at the slowest pace in nearly 20 years, and the production is expected to be lower than the previous year [1]. - Australia's 2025/26 rapeseed production is expected to reach 570,000 tons, and the recent wet weather is beneficial to crop growth [1]. 3) Summary by Related Catalogs Overnight Market Information - US soybean export sales: In the week ending July 31, 2025, the net increase in current - market - year soybean export sales was 467,800 tons, up 71% from the previous week and 63% from the four - week average, exceeding the market forecast of 100,000 - 300,000 tons. The net increase in next - year's soybean export sales was 545,000 tons, within the market forecast range of 200,000 - 500,000 tons. The soybean export shipments were 689,500 tons, up 63% from the previous week and 97% from the four - week average [1]. - Brazil's soybean situation: Patria AgroNegocios estimated that Brazil's 2025/26 soybean planting area would be 48.13 million hectares, with a growth rate of 1.43% compared to the previous year, the smallest increase since 2006/07. The production is expected to be 166.56 million tons, lower than the previous year's 168.74 million tons [1]. - Australia's rapeseed situation: A research report shows that Australia's 2025/26 rapeseed production is expected to be 570,000 tons. Recent wet weather in major production states is beneficial to crop growth, and long - term weather forecasts from August to October are also favorable [1]. Spot Prices - The report provides the spot prices of bean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from August 1 to August 7, 2025 [2]. Other Information - The report also mentions the precipitation in major producing countries, the import soybean crushing profit on the futures market, the import profit of oils and fats, the basis of protein meal and oils and fats, and the price spread of oils and fats and oilseeds, but no specific data is provided for some of them [1][3][5]