油脂油料早报-20251031

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - Brazil's Paraná state is expected to produce 2.196 billion tons of soybeans in the 2025/26 season, almost the same as the previous month's forecast of 2.194 billion tons, and the local soybean crop is in the sowing period [1]. - In September 2025, Canada's rapeseed crushing volume was 1,007,389 tons, a 16.07% increase from the previous month and a 7.97% increase from the same period last year. Rapeseed oil production was 425,330 tons, a 15.8% increase from the previous month and a 7.72% increase from the same period last year. Rapeseed meal production was 589,724 tons, a 14.52% increase from the previous month and an 8.32% increase from the same period last year. The cumulative rapeseed crushing volume in the 2025/26 season was 1.875333 billion tons, rapeseed oil production was 792,629 tons, and rapeseed meal production was 1.104666 billion tons [1]. 3. Summary by Relevant Catalogs Overnight Market Information - Paraná state's 2025/26 soybean production forecast is 2.196 billion tons, nearly unchanged from the previous month's estimate [1]. - Canada's September 2025 rapeseed crushing volume, rapeseed oil production, and rapeseed meal production all increased compared to the previous month and the same period last year, with specific data as mentioned above [1]. Spot Prices - The 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 October 24 - 30, 2025 are presented in a table, showing price fluctuations during this period [1].