建信期货油脂日报-20260130

Report Information - Report Date: January 30, 2026 [2] - Report Industry: Oil and Fat [1] - Research Team: Agricultural Products Research Team [4] - Researchers: Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, Liu Youran [3] 1. Investment Rating - Not provided in the report 2. Core View - The domestic oil and fat futures market continued its strong trend, with all three major oil and fat contracts rising. The expected release of final regulations by the US EPA and concerns about a potential US military attack on Iran boosted the market. It is recommended to approach oil and fat futures with a bullish and volatile mindset, expecting further upward movement in the short term [8] 3. Summary by Section 3.1 Market Review and Operation Suggestions - Market Review: The table shows the trading data of various oil and fat futures contracts, including opening price, high price, low price, closing price, change, change rate, trading volume, open interest, and change in open interest. Additionally, it provides price quotes from traders in different regions [7] - Operation Suggestions: Approach oil and fat futures with a bullish and volatile mindset, expecting further upward movement in the short term [8] 3.2 Industry News - Malaysian Palm Oil Production: From January 1 - 25, 2026, Malaysian palm oil production decreased by 14.81% month - on - month, with FFB yield down 15.28% and OER up 0.11%. From January 1 - 20, 2026, production decreased by 14.43% month - on - month, with different declines in different regions [9] - Brazilian Soybean Exports: In January 2026, Brazilian soybean exports are estimated to be 3.23 million tons, an 188% increase from the same period last year. The expected export volume for 2026 is a record 112 million tons [9] 3.3 Data Overview - The report includes various charts showing the spot prices and basis changes of different oils and fats, as well as price spreads and exchange rates, with data sourced from Wind and the Research and Development Department of CCB Futures [12][15][17] 3.4 Other Information - The Fed kept interest rates unchanged on Wednesday due to high inflation but strong economic growth. Two Fed governors opposed a 25 - basis - point rate cut. US President Trump supported legislation to expand E15 ethanol gasoline sales [16]