油粕日报：偏强震荡-20260109

Report Industry Investment Rating - The overall investment rating for the oil and meal industry is a bullish and volatile trend [1][2] Core Viewpoints - The soybean meal market is expected to remain strong before the specific schedule for the release of imported soybeans is announced, and attention should be paid to policy guidance [1] - The palm oil market is likely to be strong due to bio - fuel policies, while the rapeseed oil premium has dropped significantly, and the soybean oil market lacks obvious driving factors. It is recommended to actively price at low levels and buy on dips in the medium term [2] Summary by Related Content Soybean Meal - An American private exporter reported selling 132,000 tons of soybeans to China for delivery in the 2025/26 season [1] - As of the week ending January 1, 2026, the net sales volume of US soybeans in the 2025/26 season was 877,900 tons, a 26% decrease from the previous week. The export sales volume so far this year is 29% lower than the same period last year, while the USDA predicts an annual decline of 13% [1] - There are rumors about the pre - holiday release of imported soybeans, but they are unconfirmed. The near - month contracts are affected by policies, and the soybean meal is expected to be strong before the release schedule is announced [1] Oils Rapeseed Oil - As of the week ending January 4, 2026, Canadian rapeseed exports increased by 22.1% to 147,800 tons compared to the previous week. From August 1, 2025, to January 4, 2026, Canadian rapeseed exports were 2.8088 million tons, a 40.5% decrease from the same period last year. As of January 4, the Canadian rapeseed commercial inventory was 1.0012 million tons [2] - The possible import of Canadian rapeseed due to the Canadian Prime Minister's visit to China has led to a significant drop in the rapeseed oil premium [2] Palm Oil - The Indonesian president said that Indonesia may seize 4 - 5 million hectares of palm oil plantations this year. Analysts predict that this, combined with the bio - diesel plan, may disrupt palm oil production and push up global palm oil prices [2] - Palm oil's bio - fuel policy may support future demand, and the palm oil market is expected to be strong [2] Soybean Oil - The soybean oil market is affected by the near - month soybean supply issue and currently lacks obvious driving factors for price fluctuations [2]