瑞达期货农业气象周报-20260313

Report Summary 1. Report Industry Investment Rating - Not provided in the document. 2. Core Viewpoints - The probability of La Nina is 96% from February to April, 90% from March to May, and 65% from April to June [6][112]. - In China, most crop harvests are over; some areas may face wet - damage affecting spring sowing and rapeseed flowering, and snow in some regions is unfavorable for facility agriculture [6]. - In international markets, US soybeans are not sown yet; Brazil is in the soybean - harvesting period, and Argentina is in the soybean - growing period. European rapeseed is in the growing period. Rainfall in key European rapeseed regions is mostly below normal, and high temperatures are unfavorable for soil moisture. Rainfall in Indonesia and Malaysia is normal, having less impact on palm fruit picking [6]. 3. Summary by Directory 3.1. Weekly Key Weather - ENSO prediction shows high probabilities of La Nina in the coming months. Domestically, various weather conditions affect crop production and facility agriculture. Internationally, different crop - growing regions in the US, Brazil, Argentina, Europe, Indonesia, and Malaysia have their own weather situations influencing crop growth and harvest [6]. 3.2. Weather in Each Crop - Producing Area 3.2.1. Soybeans - Domestic: Northeast and Huanghuaihai regions have not started sowing. Northeast accounts for over 60% of total production, and Huanghuaihai accounts for over 15% [10][15]. - US: Concentrated in the central states, new - season sowing usually starts in mid - April. The 2025/26 yield is 11575000 tons, lower than the previous year. Future 6 - 10 days will see lower - than - normal temperatures and higher - than - normal rainfall. Drought has increased by 1 percentage point compared to last week [24][29][33]. - Brazil: Concentrated in the Midwest. As of March 7, the 2025/26 harvest progress is 50.6%, higher than the five - year average but behind last year. The USDA estimates the 2025/26 yield at 18000000 tons. Future 15 days will have below - normal rainfall in the south and above - normal in the central and northern regions, with normal temperatures [37][44]. - Argentina: Concentrated in the central region, accounting for about 12% of the world's production. As of early February, it has entered the growing period. The USDA predicts the 2025/26 yield at 4850000 tons, a 5.11% year - on - year decrease. Future 15 days will see above - normal rainfall and normal temperatures [48][49][53]. 3.2.2. Rapeseed - Domestic: Spring rapeseed in the Northwest and North China has been harvested, accounting for about 10% of the total. Winter rapeseed in the Yangtze River中下游 and Southwest regions is in the flowering period, accounting for about 50% and over 35% respectively. Some areas may face wet - damage due to heavy rain, while the temperature is suitable [58][59][66]. - Canada: The world's largest producer, accounting for about 22%. Harvest is over. The 2025 sowing area is expected to decline by 1.7% compared to 2024. Future 15 days will have below - normal rainfall and above - normal temperatures, unfavorable for soil moisture [76][81]. - EU: The second - largest producer, accounting for about 20%. Rapeseed is in the growing period. The 2025/26 yield is expected to increase by 2200000 tons compared to 2024/25. Future 15 days will have most key regions with below - normal rainfall (except France), and above - normal temperatures, unfavorable for soil moisture [85][86][92]. 3.2.3. Palm Oil - Indonesia's main producing areas are Sumatra and Kalimantan. Malaysia's are concentrated in five states, with Sabah and Sarawak accounting for over 45% of the total. Rainfall is normal, having less impact on palm fruit picking [96][99][106]. 3.2.4. Corn - In Northeast, Huanghuaihai, and Southwest regions, the harvest is over. Northeast accounts for over 40%, Huanghuaihai over 30%, and Southwest about 10% of the total production [116][117][123]. 3.2.5. Cotton - Xinjiang accounts for about 90% of the total production, and Huanghuaihai accounts for about 6%. The harvest is over, and the temperature is suitable [132][133][141]. 3.2.6. Apple - The Bohai Bay and Northwest Loess Plateau regions, accounting for about 33% and 60% of the total respectively, are in the budding period, and both precipitation and temperature conditions are suitable [146][147][156]. 3.2.7. Red Dates - Xinjiang, the Loess Plateau, and Huanghuaihai regions, accounting for about 50%, over 20%, and over 20% respectively, have completed the harvest [161]. 3.2.8. Sugarcane - Guangxi, Yunnan, and Guangdong, accounting for 68.6%, 14.8%, and 12.6% of the total respectively, are in the sowing period, and both precipitation and temperature conditions are suitable [173][178][182]. 3.2.9. Sugar Beet - Xinjiang and North China, accounting for about 39% and 57% of the total respectively, have completed the harvest, and both precipitation and temperature conditions are suitable [187][192][196]. 3.2.10. Peanut - Northeast has completed the harvest, accounting for about 10% of the total. Huanghuaihai has completed the spring and summer peanut harvests, accounting for over 60%. South China is in the spring peanut sowing period and has completed the autumn peanut harvest, accounting for over 10%. Precipitation and temperature conditions are suitable in relevant periods [201][202][208]. 3.2.11. Wheat - Northwest, mainly growing spring wheat, is in the over - wintering to standing - up period, accounting for over 10% of the total. Huanghuaihai, mainly growing winter wheat, is in the turning - green to standing - up period, accounting for over 80%. Precipitation is suitable in both regions, but snow and rain in the Northwest are unfavorable for crops [217][222][227]. 3.2.12. Rice - Northeast, growing single - season japonica rice, has completed the harvest, accounting for about 20% of the total. The Yangtze River中下游, with both single - and double - season rice, has the early - rice sowing period and completed the single - and late - rice harvests, accounting for over 40%. Southwest has completed the single - season rice harvest, accounting for about 14%. South China, growing double - season indica rice, has the early - rice sowing period and completed the late - rice harvest, accounting for about 12.5%. Precipitation and temperature conditions are suitable [232][236][239].