Group 1: Industry Investment Rating - No information provided Group 2: Core Viewpoints - As of the week ending October 23, 2025, the U.S. soybean export inspection volume was 1,061,375 tons, in line with market expectations, and the cumulative export inspection volume for this crop year was 6,715,111 tons, lower than the same period last year [1] - As of last Thursday, the planting rate of soybeans in Brazil's 2025/26 season reached 36% of the expected sown area, unchanged from the same period last year [1] - From October 1 - 25, 2025, Malaysia's palm oil production increased by 2.78% month - on - month, with a 1.63% increase in fresh fruit bunch yield and a 0.22% increase in oil extraction rate [1] - Different institutions' data on Malaysia's palm oil exports from October 1 - 25, 2025 showed different trends: SGS reported a 23.79% increase, while AmSpec reported a 0.3% decrease and ITS reported a 0.4% decrease [1] Group 3: Summary by Related Catalogs Overnight Market Information - U.S. soybean export inspection volume as of the week ending October 23, 2025 was 1,061,375 tons, with market expectations of 1,000,000 - 1,500,000 tons, and the previous week's revised volume was 1,590,264 tons [1] - As of the week ending October 24, 2024, the U.S. soybean export inspection volume was 2,630,651 tons [1] - The cumulative U.S. soybean export inspection volume for this crop year was 6,715,111 tons, compared to 10,643,999 tons in the same period last year [1] - Brazil's 2025/26 season soybean planting rate reached 36% as of last Thursday, unchanged from the same period last year and up from 24% the previous week [1] - From October 1 - 25, 2025, Malaysia's palm oil production increased by 2.78% month - on - month, fresh fruit bunch yield increased by 1.63%, and oil extraction rate increased by 0.22% [1] - SGS reported that Malaysia's palm oil exports from October 1 - 25, 2025 were 985,301 tons, a 23.79% increase from the same period last month [1] - AmSpec reported that Malaysia's palm oil exports from October 1 - 25, 2025 were 1,182,216 tons, a 0.3% decrease from September [1] - ITS reported that Malaysia's palm oil exports from October 1 - 25, 2025 were 1,283,814 tons, a 0.4% decrease from the same period last month [1] Spot Prices - Spot prices of various products (bean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu) from October 21 - 27, 2025 are provided [5] Others - Information on precipitation in major producing countries, import soybean crushing profit on the futures market, and grease import profit are mentioned but no specific data is provided [1] - Information on grease basis, grease and oilseed price spreads on the futures market, and protein meal basis are mentioned but no specific data is provided [8][10][13]

Core Insights - The shipping survey agency SGS reported that Malaysia's palm oil export volume from October 1 to 25 is expected to reach 985,301 tons, representing a 23.8% increase compared to the same period last month [1] Group 1 - The expected palm oil export volume for Malaysia in the specified period is 985,301 tons [1] - This figure indicates a significant increase of 23.8% compared to the previous month [1]

Core Viewpoint - The article emphasizes the importance of inspection, testing, and certification (ITC) in supporting Chinese enterprises' international expansion, particularly in navigating compliance with overseas standards and regulations [1][3]. Group 1: Event Overview - The event titled "Inspection, Testing, and Certification Safeguard Enterprises Going Global" will take place on October 24, 2025, in Shanghai [4]. - The event aims to address key challenges faced by enterprises going abroad by providing a platform for discussion and resource sharing [2][3]. Group 2: Agenda Highlights - The agenda includes a series of sessions focusing on global market entry regulations, compliance strategies, and the role of standards and certifications in enhancing competitiveness [5][6]. - Key topics will cover strategies to overcome international trade technical barriers, the importance of quality management systems, and the challenges of ESG (Environmental, Social, and Governance) compliance for export-oriented enterprises [7][8][11]. Group 3: Expert Contributions - Experts from international testing institutions and compliance consulting will provide comprehensive consultations and insights on the latest policies and practices in the field [3][10]. - Specific sessions will address the battery and energy storage industry's trends and solutions for going global, as well as common certification barriers and how to leverage Shanghai's "one test, multiple recognitions" policy to reduce costs [9][12].

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints The report presents the latest information on the overnight market of oilseeds and oils, including planting areas, production, planting rates, export volumes in major producing countries, as well as spot prices [1]. 3. Summary by Related Catalogs Overnight Market Information - Argentina's 2025/26 soybean planting area is expected to be 17.5 million hectares, a 2.8% year - on - year decline; 2024/25 soybean planting area is estimated at 18 million hectares, an 8.4% increase from the previous year, and the 2024/25 soybean production is expected to be 51.1 million tons, a 6% increase from 2023/24 [1]. - Brazil's soybean planting rate has reached 23.27%, much higher than 9.33% in the same period last year, 17.35% in 2023, and the 5 - year average of 16.20% [1]. - Malaysia's palm oil exports from October 1 - 15, 2025 increased by 49.82% month - on - month to 606,292 tons [1]. - Canada's rapeseed exports in the week ending October 12 increased by 97.8% to 159,200 tons compared with the previous week, but from August 1 to October 12, 2025, exports decreased by 59.1% compared with the same period last year [1]. Spot Prices - Spot prices of various products including soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from October 13 - 17, 2025 are provided [2].

Core Insights - The 2025 Sustainable Global Leaders Conference will be held from October 16 to 18 in Shanghai, focusing on global action, innovation, and sustainable growth [1] - The event will feature around 500 prominent guests, including 100 international attendees, such as political figures, Nobel laureates, and leaders from Fortune 500 companies [1] - Approximately 50 topics will be discussed, covering areas like energy, green finance, sustainable consumption, and technology [1] Group 1: SGS's Role and Challenges - SGS's President in China, Hao Jinyu, highlighted the challenges in the global supply chain ecosystem, particularly the lack of unified standards, which increases compliance costs for businesses [4] - SGS aims to transform these challenges into opportunities by helping companies navigate overseas compliance requirements and expand into new markets [4] - The company has established a comprehensive knowledge base by participating in global standard discussions and providing efficient service models to help businesses meet diverse requirements [4][9] Group 2: Support for SMEs - SGS offers nearly 1,000 free training sessions annually to support small and medium-sized enterprises (SMEs) in understanding regulatory updates and industry trends [10] - The company provides third-party endorsements to SMEs, enhancing their credibility in the market and facilitating their integration into global supply chains [10] - SGS advises SMEs to focus on high-risk areas to build a solid quality foundation while gradually integrating into the global supply chain [10] Group 3: Future Trends and Innovations - Looking ahead, SGS anticipates significant disruptive changes in the "smart" sector, emphasizing the rapid development of technologies like AI and robotics [5] - The company has launched the first AI management system certification based on ISO 42001, focusing on algorithm transparency, data security, and ethical review [11][12][13] - These measures aim to provide certainty in an uncertain world, ensuring that AI development remains on a compliant and ethical track [11][16]

Group 1: Event Overview - The 2025 Sustainable Global Leaders Conference will be held from October 16 to 18 in Shanghai, focusing on "Facing Challenges Together: Global Action, Innovation, and Sustainable Growth" [1] - The conference is co-hosted by the World Green Design Organization (WGDO) and Sina Group, with support from the Shanghai Huangpu District Government [1] - Approximately 500 prominent guests are expected, including around 100 international attendees, featuring politicians, Nobel laureates, and leaders from Fortune 500 companies [1] Group 2: Key Themes and Discussions - The conference will cover nearly 50 topics, including energy and "dual carbon," green finance, sustainable consumption, and technology and public welfare [1] - The event aims to explore new paths for sustainable development and inject "Chinese momentum" into global sustainable governance [1] Group 3: Industry Insights - SGS China President Hao Jinyu highlighted the core challenges in building a sustainable supply chain ecosystem during a roundtable forum [2][4] - A significant challenge identified is the lack of uniformity in global ESG and carbon footprint standards, which creates trade and technical barriers, increasing compliance costs for companies [4] - Hao emphasized that viewing these challenges solely as negatives can hinder companies, but those who adapt and understand compliance in new markets can gain competitive advantages [4]

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - As of October 9, 2025, the sowing of Brazil's 2025/26 soybean crop was 14% complete, the third-highest on record for this time of year, higher than last week's 9% and last year's 8% due to better-than-expected sowing progress in Mato Grosso and Paraná [1] - Brazil exported 2,166,031.56 tons of soybeans in the first two weeks of October 2025, with a daily average export volume of 270,753.94 tons, a 26% increase from the daily average export volume in October 2024 [1] - China imported 1,286.9 million tons of soybeans in September 2025, and the cumulative import volume from January to September was 8,618.0 million tons, a year-on-year increase of 5.3% [1] - China imported 55.9 million tons of edible vegetable oil in September 2025, and the cumulative import volume from January to September was 501.1 million tons, a year-on-year decrease of 7.1% [1] - Malaysia's palm oil product exports from October 1 - 10, 2025, were 377,490 tons, a 54.12% increase from the same period last month [1] - Malaysia's palm oil production from October 1 - 10, 2025, increased by 6.59% month-on-month, with a 6.02% increase in fresh fruit bunch yield per unit and a 0.11% increase in oil extraction rate [1] 3. Summary by Relevant Catalogs Overnight Market Information - Brazil's 2025/26 soybean sowing progress reached 14% as of October 9 [1] - Brazil's soybean exports in the first two weeks of October 2025 and the comparison of daily average export volume with October 2024 [1] - China's soybean and edible vegetable oil import volumes from January - September 2025 and their year-on-year changes [1] - Malaysia's palm oil exports and production changes from October 1 - 10, 2025 [1] Spot Prices - Spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from September 29 to October 13, 2025 [1][2] Protein Meal Basis, Fat Basis, and Fat and Oil Futures Spreads - No specific data provided, only mentioned [3]

Core Viewpoint - The palm oil export volume from Malaysia for the period of October 1-10 is projected to be 377,490 tons, representing a significant increase of 54.1% compared to the same period last month [1] Group 1 - The export volume of palm oil from Malaysia is expected to reach 377,490 tons [1] - This figure indicates a month-on-month increase of 54.1% [1]

Report Industry Investment Rating - The report maintains the rating, but the specific rating is not clearly stated [1] Core View - The report provides a comprehensive analysis of the fundamentals of the oil and fat industry, including futures prices, spot prices, industry news, and production and trade data [1][2][4] According to the Related Catalog 1. Futures and Spot Market Data - **Futures Prices**: The closing price of the Malaysian palm oil main contract was 4,546 ringgit/ton with a daily gain of 1.65%, and 4,560 ringgit/ton at night with a gain of 0.33%. The CBOT soybean oil main contract was at 51.29 cents/pound with a gain of 0.49% [1] - **Spot Prices**: The spot price of 24 - degree palm oil in Guangdong was 9,060 yuan/ton, down 50 yuan/ton; the price of first - grade soybean oil in Guangdong was 8,450 yuan/ton, down 30 yuan/ton; the price of fourth - grade imported rapeseed oil in Guangxi was 10,250 yuan/ton, up 120 yuan/ton [1] - **Base Difference**: The base difference of palm oil in Guangdong was - 168 yuan/ton, that of soybean oil in Guangdong was 310 yuan/ton, and that of rapeseed oil in Guangxi was 206 yuan/ton [1] - **Price Spread**: The price spread between the rapeseed and palm oil futures main contracts was 816 yuan/ton, the soybean and palm oil futures main contracts was - 1,088 yuan/ton, etc. [1] 2. Macro and Industry News - **Indonesia's Bio - diesel Policy**: Indonesia is moving towards a B50 biodiesel policy, planning to launch it next year. The implementation of the B50 policy will require 2,010 million liters of palm - based bio - fuel annually, compared with 1,560 million liters for the current B40 policy [2][3] - **Malaysia's Palm Oil Data**: From September 1 - 30, 2025, Malaysia's palm oil exports were estimated to be 1,013,140 tons, a 13.41% decrease from the previous month. Production was estimated to decrease by 2.42% (SPPOMA data) or 2.35% (MPOA data). The estimated inventory in September was 215 tons, a 2.5% decrease from August [4] - **Indonesia's Palm Oil Exports**: From January to August 2025, Indonesia exported 16.2 million tons of crude and refined palm oil, a 13.56% year - on - year increase, with 2.56 million tons exported in August alone [4] - **India's Oil Imports**: In September, India's soybean oil imports increased by 37.3% month - on - month to 505,000 tons, while total edible oil imports decreased by 0.7% to 1.61 million tons. Sunflower oil imports increased by 5.8% to 272,000 tons [5] - **US Crop Forecasts**: S&P Global Commodity Insights lowered the forecast of US soybean average yield to 53.0 bushels/acre and corn average yield to 185.5 bushels/acre [5] - **Brazil's Soybean Forecast**: StoneX predicted that Brazil's 2025/26 soybean production would reach 178.6 million tons, a 0.3% increase from the September forecast [5] - **Argentina's Labor Issue**: Argentina's government suspended the planned indefinite strike of oil workers' unions in processing plants [6] 3. Trend Intensity - The trend intensity of palm oil and soybean oil is both 1, with the range of trend intensity being integers in the [- 2, 2] interval [7]

Report Summary 1) Report Industry Investment Rating No relevant information provided. 2) Core Viewpoints The report presents the latest data on the production, export, and prices of major oilseeds and oils, including soybeans, rapeseed, and palm oil, which can help investors understand the current market situation and trends [1]. 3) Summary by Related Catalogs Overnight Market Information - **Brazilian Soybean Planting**: As of the week ending October 4, 2025, the planting rate of Brazil's 2025/26 soybean crop reached 8.2%, up from 3.5% the previous week, compared to 5.1% in the same period last year and a five - year average of 9.4% [1]. - **US Soybean Export Inspection**: For the week ending October 2, 2025, the US soybean export inspection volume was 768,117 tons, at the high end of the market's estimated range of 600,000 - 800,000 tons. The previous week's volume was revised to 610,633 tons. Since the start of the market year on September 1, the cumulative export inspection volume is 3,030,898 tons, compared to 3,555,417 tons in the same period last year [1]. - **Canadian Rapeseed Export**: For the week ending September 28, 2025, Canada's rapeseed exports increased by 68.6% to 88,200 tons from 52,300 tons the previous week. From August 1 to September 28, 2025, the export volume was 715,600 tons, a 59.4% decrease from the same period last year. As of September 28, the commercial inventory was 1,122,500 tons [1]. - **Malaysian Palm Oil**: Malaysia's September 1 - 30, 2025, crude palm oil production decreased by 2.35% compared to the previous month. Shipments data from SGS showed a 13.41% month - on - month decrease in September exports to 1,013,140 tons, while ITS reported a 9.6% increase to 1,558,247 tons [1]. - **Indonesian Palm Oil**: Indonesia set the reference price for crude palm oil in October 2025 at $963.61 per ton, up from $954.71 in September. The export tax will remain at $124 per ton, and a 10% special tax is also levied [1]. Spot Prices - The report provides the spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from September 24 to September 30, 2025 [4].