油脂油料早报-20260122

Group 1: Report Core Information - Brazil is off to the best start in recent years for its soybean harvest, with a record - breaking crop expected. Despite some challenges during the planting period, improved weather has boosted confidence in the 2025/26 yield. The harvest rate has reached 2%, and Agroconsult predicts a yield of 182.2 million tons with an average yield of 62.3 bags per hectare, while AgRural forecasts 180.4 million tons and an average yield of 61.2 bags [1] - From January 1 - 20, 2026, Malaysia's palm oil production decreased by 16.06% month - on - month, with a 16.49% decline in fresh fruit bunch yield and a 0.08% increase in oil extraction rate [1] Group 2: Spot Price Information - Spot prices of various products (including soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu) from January 15 - 21, 2026 are presented in a table [2] Group 3: Other Information - The report also mentions protein meal basis, grease basis, and grease and oil futures price spreads, but no specific content is provided [3][5][10]