Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - As of the week of January 30, the soybean harvest progress in Mato Grosso state in the 2025/26 season reached 24.97% of the sown area, much higher than 12.20% in the same period last year and also exceeding the five - year average. The single - week harvest progress advanced 11.09 percentage points, and the harvest in all regions of the state is accelerating [1]. - Consulting firm Expana raised the forecast of the EU's 2026/27 rapeseed production from the initial estimate of 20.8 million tons at the end of November 2025 to 20.9 million tons, an increase of 0.38%. It is 2% higher than the 20.5 million tons in the previous year due to a significant increase in the sown area [1]. - Indonesia set the reference price of crude palm oil in February at $918.47 per ton, higher than $915.64 per ton in January. The export tariff of crude palm oil in February remains at $74 per ton, and an additional 10% special export tax is also levied [1]. 3. Summary by Related Catalogs Overnight Market Information - **Soybean Harvest in Mato Grosso**: As of January 30, the 2025/26 soybean harvest progress in Mato Grosso was 24.97% of the sown area, with a single - week progress of 11.09 percentage points. The fastest - harvesting regions are the north - central (35.41%) and western (36.70%) parts of the state [1]. - **EU Rapeseed Production Forecast**: Expana raised the EU's 2026/27 rapeseed production forecast to 20.9 million tons. The sown area is expected to increase by 6.6% to 6.5 million hectares, while the yield per hectare is expected to decrease by 5.9% to 3.2 tons per hectare [1]. - **Indonesian Palm Oil**: Indonesia raised the February reference price of crude palm oil to $918.47 per ton, with an export tariff of $74 per ton and an additional 10% special export tax [1]. Spot Prices - The table shows 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 January 26 to January 30, 2026 [2]. Protein Meal Basis No detailed information provided [3]. Fat Basis No detailed information provided [6]. Fat and Oil Futures Spread No detailed information provided [8].