Core Viewpoint - The U.S. Trade Representative, Tai, indicated that if tariff rulings "go in the opposite direction," there are other tools available, suggesting that tariff litigation has not harmed trade negotiations [1] Group 1 - The statement emphasizes the readiness to utilize alternative measures if tariff decisions are unfavorable [1] - The assertion that tariff litigation has not negatively impacted trade negotiations highlights the resilience of ongoing discussions [1]

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The increase in Malaysia's biodiesel blending ratio in transport vehicles and the rainfall in the US soybean - growing areas may impact the market. The MPOB April report on Malaysian palm oil is bearish, while the USDA May report on US soybeans is bullish. [7][18] - Attention should be paid to the subsequent production and export changes of Malaysian palm oil and the impact on the inventory - building rhythm, as well as the impact of US weather on soybean production. [18] 3. Summary by Relevant Catalogs 01 Overnight Quotes - Overnight quotes for commodities such as Malaysian palm oil, Brent crude, US crude, US soybeans, and related products, as well as currency quotes including the US dollar index and various exchange rates, are presented, along with their price changes. For example, the closing price of Malaysian palm oil 08 (BMD) is 3903.00, with a previous day's decline of 0.87% and an overnight decline of - 0.76%. [1] 02 Spot Quotes - Spot prices, basis, and basis changes for futures contracts such as DCE palm oil 2505, DCE soybean oil 2509, and DCE soybean meal 2509 in different regions are provided. For instance, the spot price of DCE palm oil 2509 in East China is 8620, with a basis of 450 and a basis change of 0. [2] 03 Important Fundamental Information - Production Area Weather - The future weather outlook (June 3 - 7) for US soybean - producing states shows that temperature and precipitation are close to or higher than normal levels in most areas. The Midwest has more rainfall, which is beneficial for sown areas, but may affect sowing in some southern regions. [3][6] - Policy and Market News - Malaysia plans to increase the biodiesel blending ratio in transport vehicles from B10 to B20. Indonesia has implemented a B40 mandatory blending plan and is considering raising it to B50. [7] - An EU anti - deforestation law will impose new import restrictions. Four countries are classified as "high - risk" and major palm - oil producing countries are "standard - risk", with different compliance inspection rates. [8] - Export and Inventory Data - Market expectations for US soybean, soybean meal, and soybean oil export sales are given. Canadian rapeseed export volume decreased by 10.36% to 16.01 tons in the week ending May 25, but increased by 59.29% year - on - year from August 1, 2024, to May 25, 2025. As of May 25, the commercial inventory was 91.99 tons. [8][9] - Domestic Supply and Demand - On May 29, the total trading volume of soybean oil and palm oil increased by 1026% compared to the previous day. The trading volume of soybean meal in major oil mills increased, and the overall oil mill startup rate was 63.44%, up 0.75% from the previous day. [11] 04 Macro - economic News - International News - The probability of the Fed maintaining interest rates in June is 96.2%, and the probability of a 25 - basis - point cut is 3.8%. US economic data such as initial jobless claims, GDP, and the existing home sales index are released. [13] - There are developments regarding US tariffs and trade agreements, including a federal court's suspension of a tariff - related ruling. [14] - Domestic News - The central bank conducted 2660 billion yuan of 7 - day reverse repurchase operations on May 29, with a net investment of 1115 billion yuan. [16] 05 Supply - Demand Reports - The MPOB April report on Malaysian palm oil shows a significant increase in production and inventory, which is bearish. The USDA May report on US soybeans shows an increase in exports and a decrease in ending stocks, which is bullish. [18] 06 Capital Flows - On May 29, 2025, the futures market had a net capital inflow of 197.96 billion yuan. Commodity futures had a net outflow of 22.39 billion yuan, while stock index futures had a net inflow of 220.35 billion yuan. [22] 07 Arbitrage Tracking No relevant content provided.

Core Viewpoint - The recent news regarding Trump's tariff decisions is considered a secondary issue as long as it does not lead to a market collapse [1] Group 1 - Adam Sarhan, CEO of 50 PARK INVESTMENT, commented that despite the headlines, the tariff news is not a primary concern for investors [1] - The market is looking forward, as Trump has already lifted most tariffs, making court rulings merely newsworthy [1] - There is speculation that Trump may be prepared to appeal before the rulings are made, indicating a potential for ongoing uncertainty [1]

Group 1 - The Trump administration is requesting an appellate court to suspend a tariff ruling [1] - The U.S. government may ask the Supreme Court to maintain the tariffs unchanged by Friday [1]

Core Viewpoint - The Trump administration has requested the appellate court to suspend the tariff ruling, indicating ongoing legal and trade policy challenges [1] Group 1 - The request for suspension highlights the administration's strategy to manage trade relations and tariffs amid ongoing disputes [1] - This legal action may impact various industries reliant on imports and exports, potentially leading to shifts in market dynamics [1] - The outcome of this appeal could set a precedent for future tariff-related cases and influence investor sentiment [1]

Core Viewpoint - The President of Mexico, Andrés Manuel López Obrador, stated that the country will wait to understand the specific scope of the U.S. court's ruling on tariffs [1] Group 1 - The Mexican government is closely monitoring the developments regarding the U.S. court's decision on tariffs [1]

Group 1 - Spot gold has reached $3310 per ounce, with a daily increase of 0.71% [1] - The White House National Economic Council Director Hassett stated that the judge's ruling on tariffs will be overturned [1]