棕榈油：基本面暂无新驱动，等待回调布多豆油：四季度缺豆交易暂缓，高位震荡整理豆粕：隔夜美豆收跌，连粕或调整震荡

Report Industry Investment Rating No relevant information provided. Core Viewpoints - Palm oil: With no new fundamental drivers, wait for a pullback to go long [2][4]. - Soybean oil: The trading of soybean shortage in the fourth quarter has paused, and it will fluctuate and consolidate at a high level [2][4]. - Soybean meal: Overnight, U.S. soybeans closed lower, and Dalian soybean meal may adjust and fluctuate [2][11]. - Soybean: It will fluctuate weakly [2][11]. - Corn: It will run in a fluctuating manner [2][14]. - Sugar: It will trade in a narrow range [2][18]. - Cotton: Pay attention to the situation of new crops and the influence of external market sentiment [2][21]. - Eggs: Sentiment for the far - end contracts is weak [2][26]. - Live pigs: Spot performance is below expectations, and go short on rallies [2][28]. - Peanuts: Pay attention to the listing of new peanuts [2][33]. Summary by Relevant Catalogs Palm Oil and Soybean Oil - Fundamental Data: Palm oil futures had a daytime closing price of 9,488 yuan/ton with a decline of 0.23%, and a night - session closing price of 9,542 yuan/ton with an increase of 0.57%. Soybean oil futures had a daytime closing price of 8,536 yuan/ton with an increase of 0.52%, and a night - session closing price of 8,514 yuan/ton with a decline of 0.26%. Spot prices of palm oil in Guangdong were 9,620 yuan/ton, up 80 yuan; soybean oil in Guangdong was 8,720 yuan/ton, up 50 yuan [4]. - Macro and Industry News: Malaysia's palm oil exports from August 1 - 25 were 1,141,661 tons, a 10.9% increase from the same period last month. The U.S. soybean good - to - excellent rate as of August 24 was 69%, higher than expected. Brazil's daily average soybean export volume in the first four weeks of August increased by 24% year - on - year [5][8]. Soybean Meal and Soybean - Fundamental Data: DCE soybean 2511 had a daytime closing price of 3,992 yuan/ton, up 3 yuan (+0.08%), and a night - session closing price of 3,991 yuan/ton, down 7 yuan (-0.18%). DCE soybean meal 2601 had a daytime closing price of 3,117 yuan/ton, up 23 yuan (+0.74%), and a night - session closing price of 3,112 yuan/ton, up 2 yuan (+0.06%) [11]. - Macro and Industry News: On August 25, CBOT soybeans fell due to weakened expectations of Chinese demand. As of August 25, the U.S. soybean good - to - excellent rate was 69% [13]. Corn - Fundamental Data: The closing price of C2509 was 2,202 yuan/ton, up 0.23% during the day and 2,209 yuan/ton, up 0.32% at night. The closing price of C2511 was 2,154 yuan/ton, down 0.14% during the day and 2,158 yuan/ton, up 0.19% at night [15]. - Macro and Industry News: Northern corn port - collection prices were stable, and Guangdong Shekou prices increased by 10 yuan/ton. Imported sorghum and barley had different price quotes [16]. Sugar - Fundamental Data: The raw sugar price was 16.4 cents/pound, down 0.08. The mainstream spot price was 5,980 yuan/ton, unchanged. The futures main - contract price was 5,688 yuan/ton, up 18 yuan [18]. - Macro and Industry News: Brazil's sugar production needs to be re - estimated, and India's monsoon precipitation has weakened. China's sugar imports in July were 740,000 tons, an increase of 320,000 tons [18]. Cotton - Fundamental Data: The closing price of CF2601 was 14,120 yuan/ton, up 0.64% during the day and 14,145 yuan/ton, up 0.18% at night. ICE U.S. cotton 12 closed at 67.38 cents/pound, down 0.91% [21]. - Macro and Industry News: Cotton spot trading remained stable, with textile mills making rigid - demand purchases. The cotton yarn market had normal trading, and the grey - cloth market was flat [22]. Eggs - Fundamental Data: The closing price of egg 2509 was 2,951 yuan/500 kg, up 1.62%, and egg 2601 was 3,383 yuan/500 kg, down 1.34% [26]. - No additional macro and industry news provided. Live Pigs - Fundamental Data: Henan's spot price was 13,780 yuan/ton, Sichuan's was 13,550 yuan/ton, and Guangdong's was 15,140 yuan/ton. The closing price of live pig 2509 was 13,795 yuan/ton, up 35 yuan [29]. - Market Logic: In August, the planned slaughter volume of large - scale farms increased, demand growth was limited, and spot performance was below expectations. The purchasing sentiment for piglets declined, and attention should be paid to the downward shift of the far - end price center [31]. Peanuts - Fundamental Data: The price of Liaoning 308 common peanuts was 8,000 yuan/ton, unchanged. The closing price of PK510 was 7,990 yuan/ton, down 0.17% [33]. - Spot Market Focus: In most peanut - producing areas, prices were basically stable. New peanuts are expected to be listed around late September [34].