油脂油料早报-20250903
Yong An Qi Huo·2025-09-03 05:09
  1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - The U.S. soybean good-to-excellent rate dropped to 65% as of the week ending August 31, 2025, lower than the expected 68% and the previous week's 69% [1] - The U.S. soybean export inspection volume for the week ending August 28, 2025, was 472,914 tons, in line with expectations [1] - Ukraine will impose a 10% export tariff on soybeans and rapeseeds until January 1, 2030, aiming to limit raw material exports and promote domestic processing [1] - Malaysia's palm oil production in August 2025 decreased by 2.65% month-on-month, while exports increased by 30.5% [1] 3. Summary by Related Catalogs Overnight Market Information - U.S. Soybean Crop Conditions: As of the week ending August 31, 2025, the good-to-excellent rate of U.S. soybeans was 65% (expected 68%, previous week 69%, same period last year 65%); the pod-setting rate was 94% (previous week 89%, same period last year 93%, five - year average 94%); the leaf - dropping rate was 11% (previous week 4%, same period last year 12%, five - year average 10%) [1] - U.S. Soybean Export Inspection: For the week ending August 28, 2025, the export inspection volume was 472,914 tons (expected 200,000 - 500,000 tons, previous week revised 393,189 tons). The export inspection volume to the Chinese mainland was 0 tons. The cumulative export inspection volume for this crop year so far is 49,763,188 tons, compared with 44,717,223 tons in the same period last year [1] - Ukraine's Export Tariff Policy: Ukraine will impose a 10% export tariff on soybeans and rapeseeds until January 1, 2030, then decreasing by 1 percentage point annually to 5%. The goal is to limit raw material exports and promote domestic processing [1] - Malaysia's Palm Oil Data: In August 2025, Malaysia's palm oil production decreased by 2.65% month - on - month, with a 4.18% drop in fresh fruit bunch yield per unit and a 0.29% increase in oil extraction rate. Exports were 1,170,043 tons, a 30.5% increase from the previous month [1] Spot Prices - Spot prices of various products (such as soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu) from August 27 to September 2, 2025, are provided in the report [2]