宝城期货豆类油脂早报-20250813

Report Summary 1) Report Industry Investment Rating No relevant information provided. 2) Core Views of the Report - The short - term outlook for both soybean meal and palm oil futures prices is expected to be on the stronger side, while the medium - term outlook for both is oscillatory [5][6][8]. 3) Summary by Relevant Catalog For Soybean Meal (M): - Price Movement and Views: The intraday view is oscillatory and on the stronger side, the medium - term view is oscillatory, and the reference view is oscillatory and on the stronger side. The short - term view of the 2601 contract is oscillatory, the medium - term view is oscillatory, and the intraday view is oscillatory and on the stronger side [5][7]. - Core Logic: The industrial chain environment remains unchanged, and market trading is mainly based on expected changes. The determination of dumping of Canadian - origin rapeseed by China has led to tense trade relations between China and Canada, and changes in Sino - US trade relations continue to affect market sentiment [5]. For Palm Oil (P): - Price Movement and Views: The intraday view is oscillatory and on the stronger side, the medium - term view is oscillatory, and the reference view is oscillatory and on the stronger side. The short - term view of the 2601 contract is on the stronger side, the medium - term view is oscillatory, and the intraday view is oscillatory and on the stronger side [6][7][8]. - Core Logic: The rotation market in the oil and fat sector continues. Palm oil is continuously affected by bio - energy policies, showing an obvious upward trend. The change in Sino - Canadian rapeseed trade relations has reignited the sentiment in the rapeseed oil market, leading to a catch - up rise and a platform breakthrough. The linkage support among oil and fat varieties is expected to strengthen [8]. For Soybean Oil (2601): - Price Movement and Views: The short - term view is on the stronger side, the medium - term view is oscillatory, the intraday view is oscillatory and on the stronger side, and the reference view is oscillatory and on the stronger side [7]. - Core Logic: Influenced by US bio - fuel policies, US soybean oil inventory, domestic soybean cost support, supply rhythm, and oil mill inventory [7].