油脂油料早报-20251014
Yong An Qi Huo·2025-10-14 00:44
  1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - As of October 9, 2025, the sowing of Brazil's 2025/26 soybean crop was 14% complete, the third-highest on record for this time of year, higher than last week's 9% and last year's 8% due to better-than-expected sowing progress in Mato Grosso and Paraná [1] - Brazil exported 2,166,031.56 tons of soybeans in the first two weeks of October 2025, with a daily average export volume of 270,753.94 tons, a 26% increase from the daily average export volume in October 2024 [1] - China imported 1,286.9 million tons of soybeans in September 2025, and the cumulative import volume from January to September was 8,618.0 million tons, a year-on-year increase of 5.3% [1] - China imported 55.9 million tons of edible vegetable oil in September 2025, and the cumulative import volume from January to September was 501.1 million tons, a year-on-year decrease of 7.1% [1] - Malaysia's palm oil product exports from October 1 - 10, 2025, were 377,490 tons, a 54.12% increase from the same period last month [1] - Malaysia's palm oil production from October 1 - 10, 2025, increased by 6.59% month-on-month, with a 6.02% increase in fresh fruit bunch yield per unit and a 0.11% increase in oil extraction rate [1] 3. Summary by Relevant Catalogs Overnight Market Information - Brazil's 2025/26 soybean sowing progress reached 14% as of October 9 [1] - Brazil's soybean exports in the first two weeks of October 2025 and the comparison of daily average export volume with October 2024 [1] - China's soybean and edible vegetable oil import volumes from January - September 2025 and their year-on-year changes [1] - Malaysia's palm oil exports and production changes from October 1 - 10, 2025 [1] Spot Prices - Spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from September 29 to October 13, 2025 [1][2] Protein Meal Basis, Fat Basis, and Fat and Oil Futures Spreads - No specific data provided, only mentioned [3]