Group 1: Report Industry Investment Rating - No information provided Group 2: Core Views of the Report - As of the week ending September 3, the good-to-excellent rate of US soybeans was 65%, lower than the market expectation of 68%, and the pod-setting rate was 93%, with the good-to-excellent rate declining from a historically high level. The good-to-excellent rate of US corn was 69%, in line with market expectations, and the dough stage rate was 89%, with the good-to-excellent rate slightly decreasing [1]. - In the next two weeks, the temperature in the main production areas of US soybeans and corn will be slightly lower, but the lack of rain will gradually worsen, posing challenges to the growth of new-season crops. Soil moisture decreased week-on-week but was better than the same period last year [1]. - The overall weather in the US has shifted from a stable state to a dry one, and the good-to-excellent rates of both US soybeans and corn have declined. Continued observation of weather changes in the production areas is needed [1]. - The results of the US ProFarmer crop tour showed that the yield per unit of US soybeans and corn was predicted to be lower than the data in the August USDA monthly report but still at a record high. Attention should be paid to the data adjustment in the USDA September report next week [1]. Group 3: Summary According to Relevant Catalogs Soybean - The current good-to-excellent rate is 65%, the previous week was 69%, and the same period last year was 65% [1]. - The sowing rate (halted) is 96%, the previous week was 97%, and the same period last year was 96% [1]. - The emergence rate (halted) is 96%, the previous week was 98%, and the same period last year was 98% [1]. - The flowering rate (halted) is 95%, and the same period last year was 95% [1]. - The pod-setting rate is 93%, the previous week was 89%, and the same period last year was 94%, with a 5-year average of 94% [1]. Corn - The current good-to-excellent rate is 69%, the previous week was 71%, and the same period last year was 65% [1]. - The sowing rate (halted) is 97%, the previous week was 98%, and the same period last year was 96% [1]. - The emergence rate (halted) is 97%, the previous week was 98%, and the same period last year was 96% [1]. - The silking rate (halted) is 97%, and the same period last year was 98% [1]. - The dough stage rate is 89%, the previous week was 83%, and the same period last year was 90%, with a 5-year average of 91% [1].

Group 1 - As of May 5, 2025, the Shanghai Export Container Freight Index for European routes is reported at 1379.07 points, a decrease of 3.5% compared to the previous period [1] - From April 28 to May 4, 2025, the total iron ore arrivals at 47 Chinese ports amounted to 26.344 million tons, a decrease of 452,000 tons week-on-week [1] - The total iron ore arrivals at 45 Chinese ports for the same period were 24.497 million tons, down by 631,000 tons compared to the previous week [1] Group 2 - A Reuters survey indicates that Malaysia's palm oil inventory for April 2025 is expected to be 1.79 million tons, an increase of 14.8% from March; production is projected at 1.62 million tons, up 16.9% from March; and exports are expected to reach 1.1 million tons, a 9.7% increase from March [1] - As of April 24, 2025, Indonesia's biodiesel consumption for the year is reported at 4.44 million liters, with 3.2 million liters consumed from January to March; the mandatory palm oil blending ratio for biodiesel in Indonesia is set at 40%, up from 35% last year [1] Group 3 - As of May 3, 2025, Brazil's soybean harvest rate for the 2024/25 season is at 97.7%, compared to 94.8% the previous week and 94.3% the same time last year, with a five-year average of 96.3% [1] - The USDA's weekly crop progress report shows that as of May 4, 2025, the soybean planting rate in the U.S. is at 30%, below market expectations of 31%, and up from 18% the previous week and 24% last year, with a five-year average of 23%; the emergence rate is at 7%, compared to 8% last year and a five-year average of 5% [2] - India's Ministry of Mines reports that aluminum production for the fiscal year 2024-25 is expected to increase to 420,000 tons from 416,000 tons in 2023-24; refined copper production is projected to grow by 12.6%, from 509,000 tons in 2023-24 to 573,000 tons [2]