油脂油料早报-20260128

Report Summary - Soybean and Bean Meal Exports in Brazil: Anec estimated Brazil's soybean exports in January to be 3.23 million tons, lower than last week's forecast of 3.79 million tons, and the estimated bean meal exports to be 1.78 million tons, lower than last week's forecast of 1.82 million tons [1] - Palm Oil Exports in Malaysia: SGS data showed that Malaysia's palm oil product exports from January 1 - 25 decreased by 9.41% compared to the same period last month, reaching 746,745 tons [1] - Soybean Planting and Harvesting in Brazil: As of the week of January 24, 2026, Brazil's 2025/26 soybean planting rate was 99.1%, up from 98.6% the previous week, and the soybean harvesting rate was 6.6%, up from 2.3% the previous week [1] - Spot Prices: The spot prices of various products such as soybean meal, rapeseed meal, soybean oil, palm oil, and rapeseed oil from January 21 - 27, 2026, were presented in a table [2] - Protein Meal and Oil Basis: The report mentioned protein meal basis and oil basis, but no specific data was provided [3] - Oil and Oilseed Futures Price Spreads: The report mentioned oil and oilseed futures price spreads, but no specific data was provided [5] Industry Investment Rating No industry investment rating was provided in the report Core View The report provided overnight market information on soybean and palm oil exports, planting and harvesting progress in major producing countries, as well as spot prices of related products, but no clear core view was presented