油脂油料早报-20260227

Report Summary 1) Report Industry Investment Rating - Not mentioned in the provided content 2) Core Viewpoints - The export sales and shipment data of US soybeans and soybean meal in the week ending February 19th showed certain changes compared to previous weeks and four - week averages, with export sales of US soybeans and soybean meal decreasing in most cases, while the export shipment of US soybean meal increased [1] - The palm oil production in Malaysia from February 1st to 25th, 2026 decreased by 16.25% compared to the previous period, along with a decrease in鲜果串单产 and an increase in oil extraction rate [1] 3) Summary by Related Catalogs Overnight Market Information - US Soybeans: In the week ending February 19th, the net increase in export sales of US soybeans in the current market year was 40.71 million tons, a 49% decrease from the previous week and a 30% decrease from the four - week average. The market expected a net increase of 40.0 - 100.0 million tons. The export shipment was 81.15 million tons, a 37% decrease from the previous week and a 36% decrease from the four - week average. The new sales in the current market year were 51.06 million tons, and 0 million tons in the next market year [1] - US Soybean Meal: In the week ending February 19th, the net increase in export sales of US soybean meal in the current market year was 26.96 million tons, a 44% decrease from the previous week and a 36% decrease from the four - week average. The market expected a net increase of 25.0 - 50.0 million tons. The export shipment was 46.53 million tons, a 14% increase from the previous week and a 36% increase from the four - week average. The new sales in the current market year were 32.08 million tons, and 3.00 million tons in the next market year [1] - Malaysian Palm Oil: From February 1st to 25th, 2026, Malaysian palm oil production decreased by 16.25% compared to the previous period, with a 16.78% decrease in鲜果串单产 and a 0.10% increase in oil extraction rate [1] Spot Prices - The 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 February 12th to 26th, 2026 are provided, showing price fluctuations during this period [3]