豆类油脂早报-20250902

Report Industry Investment Rating - Not provided in the content Core Viewpoints of the Report - The short - term sentiment in the soybean market is cautious. With the market sentiment about to turn, there is an expectation of repairing the price difference between the domestic and foreign soybean markets. The short - term price of soybean meal futures has turned to a volatile state. The price of palm oil futures has stopped falling and rebounded as international oil prices have stabilized, and the positive industrial chain expectations also support the price. [6][9] Summary by Related Catalogs Soybean Meal (M) - Time - period Opinions: The short - term and mid - term views are both "oscillating", and the intraday and reference views are "oscillating strongly". The core logic is that the market is waiting for the progress of Sino - US negotiations, which will determine the market's risk pricing for the long - term. The short - term sentiment in the soybean market is cautious, and there is an expectation of repairing the price difference between the domestic and foreign soybean markets. Also, factors such as import arrival rhythm, customs clearance inspection, oil refinery operation rhythm, and stocking demand affect it. [6][8] Palm Oil (P) - Time - period Opinions: The short - term and mid - term views are both "oscillating", and the intraday and reference views are "oscillating strongly". The core logic is that the spill - over effect of recent international oil price fluctuations on the oil market continues to appear. As international oil prices have stabilized, the price of palm oil futures, the most energy - related oil variety, has stopped falling and rebounded, and the positive industrial chain expectations also support it. Also, factors such as biodiesel properties, Malaysian palm oil production and exports, Indonesian exports, main - producing countries' tariff policies, domestic arrivals and inventory, and substitution demand affect it. [7][8][9] Soybean Oil (2601) - Time - period Opinions: The short - term and mid - term views are both "oscillating", and the intraday and reference views are "oscillating strongly". The core logic includes factors such as US biofuel policy, US soybean oil inventory, domestic soybean cost support, supply rhythm, and oil refinery inventory. [8]