棕榈油：上下均无明显驱动，区间操作为主，豆油：美豆震荡，油脂回调整理

Group 1: Report's Core View - The palm oil market has no obvious upward or downward drivers, and range trading is the main strategy. The soybean oil market is affected by the oscillation of US soybeans, and the oil market is undergoing a correction [1] Group 2: Industry News - From September 1 - 15, 2025, Malaysia's palm oil yield decreased by 6.94% month - on - month, the oil extraction rate decreased by 0.21% month - on - month, and production decreased by 8.05% month - on - month [2] - AmSpec reported that Malaysia's palm oil exports from September 1 - 15 were 695,716 tons, a 0.1% decrease from the same period last month [3] - SGS estimated that Malaysia's palm oil exports from September 1 - 15 were 404,688 tons, a 24.7% decrease from the same period last month [4] - Industry analysts expect that for the week ending September 11, 2025, US 2025/26 soybean export sales will increase by 40 - 150 million tons, US soybean meal export sales will increase by 10 - 40 million tons, and US soybean oil export sales will decrease by 5,000 tons to increase by 41,000 tons [4] - Anec predicts that from September 14 - 20, 2025, Brazil's soybean exports will be 2.1317 million tons, soybean meal exports will be 513,500 tons, and corn exports will be 2.6291 million tons [4] - As of the week ending September 10, 2025, Argentine farmers sold 597,900 tons of 2024/25 soybeans and 73,300 tons of 2025/26 soybeans [5] - In 2025, Canada's rapeseed production is expected to increase by 4.1% to 20 million tons, with a 6.2% increase in yield and a 2.0% decrease in harvest area [6] - Australia's 2025/26 rapeseed production is expected to be 6.1 million tons, a 3.4% increase from the previous forecast [7] Group 3: Trend Intensity - The trend intensity of palm oil is 0, and that of soybean oil is 0 [8] Group 4: Fundamental Data Futures | Variety | Closing Price (Day Session) | Change Rate | Closing Price (Night Session) | Change Rate | Previous Day's Trading Volume | Volume Change | Previous Day's Open Interest | Open Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Palm Oil Main Contract | 9,424 yuan/ton | - 0.61% | 9,388 yuan/ton | - 0.38% | 680,632 lots | 88,956 lots | 436,003 lots | - 15,722 lots | | Soybean Oil Main Contract | 8,366 yuan/ton | - 0.62% | 8,350 yuan/ton | - 0.19% | 347,820 lots | 50,225 lots | 588,445 lots | - 9,285 lots | | Rapeseed Oil Main Contract | 9,999 yuan/ton | - 0.54% | 9,983 yuan/ton | - 0.16% | 334,643 lots | - 16,007 lots | 336,743 lots | 3,703 lots | | Malaysian Palm Oil Main Contract | 4,448 ringgit/ton | 0.07% | 4,422 ringgit/ton | - 0.63% | - | - | - | - | | CBOT Soybean Oil Main Contract | 51.82 cents/pound | - 2.59% | - | - | - | - | - | - | [1] Spot | Variety | Spot Price | Price Change | | --- | --- | --- | | 24 - degree Palm Oil (Guangdong) | 9,450 yuan/ton | 50 yuan/ton | | Grade - 1 Soybean Oil (Guangdong) | 8,780 yuan/ton | 30 yuan/ton | | Grade - 4 Imported Rapeseed Oil (Guangxi) | 10,040 yuan/ton | 50 yuan/ton | | Malaysian Palm Oil FOB (Continuous Contract) | 1,105 dollars/ton | 0 dollars/ton | [1] Basis | Variety | Spot Basis | | --- | --- | | Palm Oil (Guangdong) | 26 yuan/ton | | Soybean Oil (Guangdong) | 414 yuan/ton | | Rapeseed Oil (Guangxi) | 41 yuan/ton | [1] Spread | Spread Type | Value | Previous Value | | --- | --- | --- | | Rapeseed Oil - Palm Oil Futures Main Contract Spread | 575 yuan/ton | 571 yuan/ton | | Soybean Oil - Palm Oil Futures Main Contract Spread | - 1,058 yuan/ton | - 1,064 yuan/ton | | Palm Oil 1 - 5 Spread | 212 yuan/ton | 230 yuan/ton | | Soybean Oil 1 - 5 Spread | 268 yuan/ton | 296 yuan/ton | | Rapeseed Oil 1 - 5 Spread | 466 yuan/ton | 467 yuan/ton | [1]