油脂油料早报-20250811

Report Summary 1. Industry Investment Rating - No information provided on industry investment rating. 2. Core View - Russia's rapeseed production is expected to reach 5 million tons this year, with winter rapeseed output forecasted at 1 - 1.2 million tons and spring rapeseed contributing the rest. The sown area has increased to 3 million hectares, but there's a risk of harvest delays in Siberia and potential output reduction due to import - related area decrease. Russia produced 4.66 million tons of rapeseed in 2024 [1] - France's Ministry of Agriculture has raised this year's rapeseed production forecast from 4.2 million tons to 4.5 million tons [1] 3. Summary by Related Catalogs Overnight Market Information - Russia's rapeseed production forecast is 5 million tons, with 1 - 1.2 million tons from winter rapeseed and the rest from spring rapeseed. The sown area is 3 million hectares (754,500 hectares for winter and 2.4 million hectares for spring). There are risks of harvest delay in Siberia and potential output reduction due to import - related area decrease. In 2024, production was 4.66 million tons [1] - France's Ministry of Agriculture has increased the rapeseed production forecast from 4.2 million tons to 4.5 million tons [1] Spot Prices - Spot prices of various products (bean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu) from August 4 - 8, 2025 are presented in a table [2] Protein Meal Basis and Oil Basis - No specific content provided [3] Oil and Oilseed Futures Price Spreads - No specific content provided [4]