棕榈油：能源外溢终至，或有破万表现；豆油：美豆成本支撑，短期偏强突破

Report Industry Investment Rating - Not provided Core Viewpoints - Palm oil may exceed 10,000 due to energy spill - over; soybean oil is supported by US soybean cost and is expected to break through in the short - term [1] Summary by Directory Fundamental Tracking - Futures Prices: Palm oil's day - session closing price was 9,218 yuan/ton with a 1.63% increase, and night - session closing price was 9,454 yuan/ton with a 2.56% increase; soybean oil's day - session closing price was 8,412 yuan/ton with a 0.50% increase, and night - session closing price was 8,514 yuan/ton; rapeseed oil's day - session closing price was 9,666 yuan/ton with a 1.87% increase, and night - session closing price was 9,814 yuan/ton with a 1.53% increase. Malaysian palm oil's closing price was 4,365 ringgit/ton with a 3.76% increase, and CBOT soybean oil's closing price was 66.47 cents/pound with a 1.17% increase [2] - Trading Volume and Open Interest: Palm oil's trading volume was 529,410 lots with an increase of 12,935 lots, and open interest was 375,530 lots with an increase of 10,859 lots; soybean oil's trading volume was 350,299 lots with an increase of 75,028 lots, and open interest was 668,943 lots with an increase of 9,088 lots; rapeseed oil's trading volume was 228,291 lots with an increase of 60,410 lots, and open interest was 292,389 lots with an increase of 13,493 lots [2] - Spot Prices: Palm oil (24 - degree, Guangdong) was 9,200 yuan/ton with a 200 - yuan increase; first - grade soybean oil (Guangdong) was 8,850 yuan/ton with a 70 - yuan increase; fourth - grade imported rapeseed oil (Guangxi) was 10,150 yuan/ton with a 100 - yuan increase; Malaysian palm oil FOB price was 1,100 dollars/ton with a 10 - dollar increase [2] - Basis: Palm oil (Guangdong) basis was - 18 yuan/ton; soybean oil (Guangdong) basis was 438 yuan/ton; rapeseed oil (Guangxi) basis was 484 yuan/ton [2] - Price Spreads: Rapeseed - palm oil futures spread was 448 yuan/ton; soybean - palm oil futures spread was - 806 yuan/ton; palm oil 5 - 9 spread was 20 yuan/ton; soybean oil 5 - 9 spread was 48 yuan/ton; rapeseed oil 5 - 9 spread was 105 yuan/ton [2] Macro and Industry News - On March 10, Malaysia's March 1 - 10 ITS, Amspec, SGS palm oil export volume data will be released; at 12:30 on March 10, the February MPOB Malaysia palm oil supply - demand report will be released; at 00:00 on March 11, the USDA supply - demand report will be released [3] Crop Insurance Prices - The 2026 federal crop insurance spring prices for corn, soybeans, and spring wheat have been finalized. Corn price is $4.62 per bushel, a decrease of 8 cents from the previous year; soybean price is $11.09 per bushel, a 55% increase from 2025; spring wheat price is $6.19 per bushel, a decrease of 36 cents year - on - year [5] Soybean Harvest Progress - As of the week of March 6, the soybean harvest progress in Mato Grosso state for the 2025/26 season has reached 89.15% of the sown area, exceeding the five - year average of 81.99%. The single - week harvest progress advanced 10.81 percentage points [5] Trend Intensity - Palm oil trend intensity is 2; soybean oil trend intensity is 1 [6]