Core Insights - The agricultural (planting) value added in the first half of the year increased by 3.7% year-on-year [1] - The total summer grain production reached 149.74 million tons, a decrease of 150,000 tons or 0.1% compared to the previous year [1] - The total meat production (pork, beef, lamb, and poultry) was 48.43 million tons, showing a year-on-year growth of 2.8% [1] Agricultural Production - Pork production increased by 1.3%, beef by 4.5%, and poultry by 7.4%, while lamb production decreased by 4.6% [1] - Milk production grew by 0.5%, and egg production increased by 1.5% [1] Livestock Statistics - By the end of the second quarter, the number of live pigs was 424.47 million, reflecting a year-on-year increase of 2.2% [1] - In the first half of the year, the number of pigs slaughtered was 366.19 million, marking a growth of 0.6% [1]

Report Summary - There is no report industry investment rating provided [1] Core Viewpoints -民间出口商向墨西哥出口销售119,746吨大豆，2025/2026市场年度付运 [1] -受计划中的关税上调影响，阿根廷出口商6月迄今已出口610万吨大豆及其衍生品，较五年均值水平激增22%，阿根廷政府年初暂时调降的大豆出口关税政策将于6月到期，届时大豆关税将从26%上升至33%，豆油和豆粕关税税率均将由24.5%上调至31% [1] - 2025年加拿大油菜籽种植面积下降，大草原地区三省的油菜籽播种面积均缩减，可能是由于土壤湿度和持续的贸易问题等因素造成 [1] - 加拿大统计局大幅上调去年的油菜籽产量数据，2024年油菜产量从1,780万吨增加至1,918万吨，表明全球最大油菜籽出口国的油菜籽供应将比最初预期的更健康 [1] Summary by Related Catalog Soybean Export - 民间出口商向墨西哥出口销售119,746吨大豆，2025/2026市场年度付运 [1] - 受关税上调影响，阿根廷出口商6月迄今已出口610万吨大豆及其衍生品，较五年均值激增22%，关税政策到期后大豆关税将从26%升至33%，豆油和豆粕关税从24.5%升至31% [1] Rapeseed Planting - 2025年加拿大油菜籽种植面积下降，大草原地区三省均缩减，萨斯喀彻温省下降0.5%，阿尔伯塔省下降2.8%，马尼托巴省下降9.2% [1] - 加拿大统计局上调2024年油菜籽产量数据，从1,780万吨增至1,918万吨，有交易商认为今年春季油菜籽面积将超预测的2150万英亩 [1] Spot Price - 报告列出2025年6月23 - 27日豆粕江苏、菜粕广东、豆油江苏、棕榈油广州、菜油江苏的现货价格 [2] Basis - 提及蛋白粕基差和油脂基差，但未给出具体内容 [3] Futures Spread - 提及油脂油料盘面价差，但未给出具体内容 [5]

Group 1: Overnight Market Information - From May 22 - 29, US soybean export sales net increased by 19.79 million tons, with current - year sales net increasing by 19.43 million tons (33% higher than the previous week and 30% lower than the four - week average), and new sales of 20.81 million tons for the current year and 0.35 million tons for the next year. Exports to China had a net decrease of 0.11 million tons. Export shipments were 30.86 million tons (47% higher than the previous week and 8% higher than the four - week average), with 6.5 million tons shipped to China [1]. - From May 22 - 29, US bean meal export sales net increased by 26.49 million tons, with current - year sales net increasing by 25.47 million tons (40% lower than the previous week and 14% lower than the four - week average). New sales were 28.26 million tons for the current year and 1.02 million tons for the next year. Export shipments were 23.85 million tons (12% lower than the previous week and 6% lower than the four - week average) [1]. - Brazil exported 14,099,744.73 tons of soybeans in May, with a daily average of 671,416.42 tons, a 5% increase from the daily average in May last year [1]. - Rosario Grain Exchange and Buenos Aires Exchange stated that Argentina's soybean yield this year is better than expected, but the harvest is delayed. About 88.7% of the soybeans have been harvested, and the 2024/25 harvest is expected to be about 50 million tons [1]. - MPOA data showed that Malaysia's crude palm oil production in May increased by 3.07% month - on - month, with different increases in different regions [1]. Group 2: Spot Prices - Spot prices of various products (soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu) from May 29 to June 5 showed some fluctuations [2]. Group 3: Others - There are protein meal basis and grease basis, but specific data is not provided [3]. - There is information about grease and oil futures spreads, but specific data is not provided [5].