棕榈油：产地去库偏慢，关注棕油下方支撑豆油：南美产情偏好，关注中美经贸关系豆粕：美豆偏强，或跟随反弹震荡

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Views - Palm Oil: Slow destocking in the origin areas, focus on the support level below [2][4]. - Soybean Oil: Favorable production situation in South America, pay attention to China - US economic and trade relations [2][4]. - Soybean Meal: Strong US soybeans, may follow the rebound and fluctuate [2][11]. - Soybean: Bullish and fluctuating [2][11]. - Corn: Fluctuating [2][14]. - Sugar: Narrow - range consolidation [2][18]. - Cotton: Continuing the rebound momentum [2][23]. - Eggs: Weak and fluctuating [2][27]. - Pigs: Active entry of second - fattening farmers [2][29]. - Peanuts: Focus on the spot market [2][35]. 3. Summary by Related Catalogs 3.1 Palm Oil and Soybean Oil - Fundamentals: Palm oil's daily - session closing price was 9,318 yuan/ton with a 0.11% increase, and night - session closing price was 9,294 yuan/ton with a - 0.26% decrease; soybean oil's daily - session closing price was 8,298 yuan/ton with a 0.51% increase, and night - session closing price was 8,324 yuan/ton with a 0.31% increase. There were also details about trading volume, open interest, spot prices, basis, and price spreads [5]. - Macro and Industry News: Malaysia's palm oil exports from October 1 - 20 increased by 3.4% compared to the same period last month; Indonesia may regulate palm oil exports to ensure domestic biodiesel supply; analysts' forecasts for US soybean and corn harvest rates; US soybean export inspection data; renewable fuel blending data in the US; Brazil's soybean planting progress and export data; EU and UK oilseed crushing data; Canada's rapeseed supply and demand data [6][7][8][9]. - Trend Intensity: Both palm oil and soybean oil have a trend intensity of 0 [10]. 3.2 Soybean Meal and Soybean - Fundamentals: DCE soybean's daily - session closing price was 4086 yuan/ton with a 1.29% increase, and night - session closing price was 4085 yuan/ton with a 0.74% increase; DCE soybean meal's daily - session closing price was 2895 yuan/ton with a 0.45% increase, and night - session closing price was 2901 yuan/ton with a 0.24% increase. There were also details about spot prices, basis, trading volume, and inventory [11]. - Macro and Industry News: CBOT soybeans rose to a one - month high due to optimistic China - US trade sentiment; Brazil's 2025/26 soybean planting completion rate was 24% [11][13]. - Trend Intensity: Both soybean meal and soybean have a trend intensity of +1 [13]. 3.3 Corn - Fundamentals: Important spot prices such as the Northeast acquisition average price, Jinzhou closing price, etc.; futures prices, trading volume, open interest, and price spreads of different contracts [15]. - Macro and Industry News: Changes in corn prices in different regions, including northern ports, Guangdong Shekou, Northeast, and North China [16]. - Trend Intensity: Corn has a trend intensity of 0 [17]. 3.4 Sugar - Fundamentals: Data on raw sugar prices, mainstream spot prices, futures prices, price spreads, and basis [18]. - Macro and Industry News: Brazil's sugar production and export data; Conab's adjustment of Brazil's sugar production forecast; China's sugar import data; domestic and international sugar supply and demand forecasts [18][19][20]. - Trend Intensity: Sugar has a trend intensity of 0 [21]. 3.5 Cotton - Fundamentals: Futures prices, trading volume, open interest, and price spreads of different contracts; spot prices of different cotton types [23]. - Macro and Industry News: Domestic cotton spot market trading, price, and acquisition price conditions; domestic cotton textile enterprise operation conditions; ICE cotton futures situation [24]. - Trend Intensity: Cotton has a trend intensity of 0 [26]. 3.6 Eggs - Fundamentals: Futures prices, trading volume, open interest, price spreads, and spot prices in different regions; related feed and livestock prices [27]. - Trend Intensity: Eggs have a trend intensity of - 1 [27]. 3.7 Pigs - Fundamentals: Spot prices in different regions; futures prices, trading volume, open interest, and price spreads of different contracts [31]. - Market Information: Registration of warehouse receipts and addition of delivery warehouses [32]. - Trend Intensity: Pigs have a trend intensity of - 1 [33]. 3.8 Peanuts - Fundamentals: Important spot prices; futures prices, trading volume, open interest, and price spreads of different contracts [35]. - Spot Market Focus: Peanut prices and market conditions in different regions such as Henan, Jilin, Liaoning, and Shandong [36]. - Trend Intensity: Peanuts have a trend intensity of 0 [37].