Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Views of the Report - Corn 9 - month contract is in a downward trend, with the futures price showing a volatile and weak performance in the short - term due to technical resistance, while the spot price in some areas has rebounded [2] - The soybean meal market is expected to be volatile. Uncertainties in cost and supply, potential large - scale soybean purchases, and the promotion of soybean meal substitution have led to a decline in prices, and short - term trading strategies are recommended [2] - The oil market is predicted to be volatile. The international palm oil production and export situation is changing, and the domestic oil market shows a strong and volatile trend. A long - only strategy and 9 - 1 positive spread holding are recommended [2] - The egg market is expected to be volatile. The future demand is favorable for egg prices, but due to high inventory and other supply issues, the peak price is likely to be lower than last year [3] - The pig market is predicted to be volatile. Terminal consumption is weak, the market supply exceeds demand, and it will take time to resolve over - capacity issues [3] Group 3: Summary According to Market Information - From July 1 - 20, 2025, Malaysia's palm oil production increased by 6.19% month - on - month, but the export volume decreased by 7.31% month - on - month [4] - By 2034, the global per capita vegetable oil consumption is estimated to increase from 15.05 kg to 15.68 kg, and the per capita consumption in China and Brazil is expected to reach 27 kg. The nominal prices of oilseeds and oilseed products are expected to rise slightly [4] - As of July 15, 2025, the total inventory of vegetable oils in Indian ports increased by 18% in half a month [5] - CGSG Grain and Oil Network plans to conduct a tender for the purchase of 500 tons of rapeseed oil on July 24 [5] Group 4: Summary According to Variety Spreads - The report presents contract spreads and contract basis charts for various agricultural products, including corn, corn starch, soybeans, soybean meal, soybean oil, palm oil, eggs, and pigs, but no specific spread data analysis is provided [6][15]