油脂油料早报-20251201

Report Summary 1. Report Industry Investment Rating - No investment rating is provided in the report. 2. Core Viewpoints - The report presents overnight market information on the soybean, soybean meal, and palm oil industries, including export sales, planting progress, and price - setting data [1]. 3. Summary by Related Catalogs Overnight Market Information - A private exporter reported selling 312,000 tons of soybeans to China for the 2025/2026 market year [1]. - For the week ending October 16, US soybean export sales net increased by 1.108 million tons, up 41% from the previous week and 34% from the four - week average, with exports loading at 1.7301 million tons, up 150% from the previous week and 173% from the four - week average [1]. - For the week ending October 16, US soybean meal export sales net increased by 543,100 tons, up 52% from the previous week and 288% from the four - week average, with exports loading at 380,400 tons, up 86% from the previous week and 46% from the four - week average [1]. - Patria Agronegocios reported that the 2025/26 Brazilian soybean planting rate was 86.97%, lower than 89.54% in the same period last year but higher than the five - year average of 85.13%, and most areas may have lower yields than the 2024/25 season [1]. - The EIA reported that US soybean oil used for biofuel production in September rose to 1.053 billion pounds, up from 1.041 billion pounds in August [1]. - Indonesia set the reference price of crude palm oil in December at $926.14 per ton, lower than $963.75 in November, and the export tariff will drop to $74 from $124 in the previous month [1]. Spot Prices - Spot prices of various products such as soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from November 24 to November 28, 2025 are presented [2].