油脂油料早报-20260331

Report Industry Investment Rating - No relevant information provided Core Viewpoints - The report presents the latest data on the export inspection volume of US soybeans, the progress of soybean harvesting in Brazil, the policy adjustment of palm oil blending ratio in Indonesia, and various price and spread data of oils and fats and oilseeds [1] Summary by Related Catalogs US Soybean Export Inspection - As of the week ending March 26, 2026, the US soybean export inspection volume was 586,427 tons, falling short of the market expectation of 600,000 - 1,250,000 tons, and the previous week's revised volume was 1,114,711 tons [1] - The soybean export inspection volume to the Chinese mainland during the same week was 270,424 tons, accounting for 46.11% of the total export inspection volume [1] - As of the week ending March 27, 2025, the US soybean export inspection volume was 817,870 tons [1] - So far this crop year, the cumulative US soybean export inspection volume is 29,783,385 tons, compared with 40,774,757 tons in the same period of the previous year [1] Brazil Soybean Harvest - According to Safras & Mercado, as of March 27, the soybean harvest of Brazil's 2025/26 season has completed 71.5% of the planted area. Although the progress has advanced compared with the previous week, it is still behind the same period of previous years [1] - AgRural reported that as of last Thursday, the soybean harvest rate of Brazil's 2025/26 season was 75%, an increase of 7 percentage points from the previous week, but lower than the 82% reported in the same period last year [1] - AgRural also raised its forecast for the 2025/26 soybean production from 178 million tons to 178.4 million tons [1] Indonesia's Palm Oil Policy - Indonesian President Prabowo Subianto announced on Monday during a visit to Japan that the country will increase the palm oil blending ratio in biodiesel from 40% to 50% this year, which means the country will promote the B50 biodiesel policy [1] Price and Spread Data - The report provides data on the import profit of various oils and fats (soybean oil, palm oil, rapeseed oil), the basis of protein meals (soybean meal, rapeseed meal) and oils and fats (soybean oil, palm oil, rapeseed oil), and the price spreads of various oilseeds and oils and fats [1]