Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints - The report presents overnight market information on the expected net increase in US soybean, soybean meal, and soybean oil export sales for the 2025/26 and 2026/27 seasons, as well as production data for palm oil in Malaysia, rapeseed in Canada, and Australia, and the forecasted rapeseed production in the EU and UK [1]. - It also includes spot price data for various agricultural products from November 20 - 26, 2025 [2]. 3) Summary by Related Catalogs Overnight Market Information - As of the week ending October 16, US 2025/26 soybean export sales are expected to net increase by 60 - 200 million tons, with 2026/27 expected to net increase by 0 tons; US soybean meal export sales are expected to net increase by 15 - 45 million tons, with 2026/27 expected to net increase by 0 tons; US soybean oil export sales are expected to net increase by 0.5 - 2.5 million tons, with 2026/27 expected to net increase by 0 tons [1]. - SPPOMA data shows that Malaysia's palm oil production from November 1 - 25, 2025, increased by 5.49% month - on - month, with fresh fruit bunch yield increasing by 3.34% and oil extraction rate increasing by 0.41% [1]. - MPOA data shows that Malaysia's crude palm oil production from November 1 - 20, 2025, increased by 3.24% compared to the same period last month, with different regions having varying growth rates [1]. - Canada's rapeseed crushing volume in October 2025 was 1,026,547 tons, a 1.9% increase from the previous month and a 6.8% decrease from the same period last year; rapeseed oil production was 428,837 tons, a 0.82% increase month - on - month and a 6.62% decrease year - on - year; rapeseed meal production was 603,035 tons, a 2.26% increase month - on - month and a 6.98% decrease year - on - year [1]. - Australia's 2025/26 rapeseed production is estimated to be 6.5 million tons, a 4.1% increase from the previous estimate, with an estimated range of 6.3 - 6.7 million tons, and the average yield per hectare is adjusted to 1.90 tons [1]. - The 2026/27 rapeseed production in EU 27 + UK is estimated to be 20.3 million tons, the same as the previous estimate, with an estimated range of 19.3 - 21.3 million tons [1]. Spot Prices - Spot prices for soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu are provided from November 20 - 26, 2025, showing price fluctuations during this period [2].
油脂油料早报-20251127
Yong An Qi Huo·2025-11-27 02:25