Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The US soybean export inspection volume for the week ending November 6, 2025, was 1,088,577 tons, meeting expectations, with 0 tons exported to the Chinese mainland. The cumulative export inspection volume for this crop year so far is 8,889,371 tons, lower than 15,320,558 tons in the same period of the previous year [1]. - As of last Thursday, the planting rate of Brazil's 2025/26 soybean crop reached 61% of the expected sowing area [1]. - Malaysia's palm oil inventory at the end of October 2025 reached a six - and - a - half - year high of 246 tons, up 4.44% from the previous month, due to a significant increase in production. October's crude palm oil production was 204 tons, up 11.02% month - on - month, and exports were 169 tons, up 18.58% month - on - month [1]. - Malaysia's palm oil exports from November 1 - 10, 2025, decreased compared to the previous month, with AmSpec reporting a 9.5% decrease and ITS reporting a 12.3% decrease [1]. 3. Summary by Related Catalogs Overnight Market Information - US soybean export inspection volume for the week ending November 6, 2025, was 1,088,577 tons, within the market forecast range of 1,000,000 - 1,700,000 tons. The previous week's volume was 984,875 tons (revised from an initial 965,063 tons). In the same week of 2024, it was 2,363,532 tons [1]. - Brazil's 2025/26 soybean planting rate as of last Thursday was 61% of the expected sowing area [1]. - Malaysia's palm oil inventory at the end of October 2025 was 246 tons, 4.44% higher than the previous month. October production was 204 tons (up 11.02% month - on - month) and exports were 169 tons (up 18.58% month - on - month). Before the report, the expected inventory was 244 tons, production 194 tons, and exports 148 tons [1]. - Malaysia's palm oil exports from November 1 - 10, 2025, were 448,328 tons according to AmSpec (down 9.5% from the previous month) and 459,320 tons according to ITS (down 12.3% from the previous month) [1]. Spot Prices - Spot prices of various oilseeds and oils in different regions from November 4 - 10, 2025, are provided, including soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu [1]. Others - Information on precipitation in major producing countries, import soybean crushing profit on the futures market, and oil import profit is mentioned but no specific data is provided [1]. - Information on protein meal basis, oil basis, and oilseed futures price spreads is also mentioned without specific details [1].

Group 1: Overnight Market Information - The U.S. soybean export inspection volume for the week ending October 16, 2025, was 1,474,354 tons, higher than the market forecast of 500,000 - 1,355,000 tons, and the previous week's revised volume was 1,017,172 tons [1] - The soybean export inspection volume to the Chinese mainland was 0 tons during that week [1] - As of the week ending October 17, 2024, the U.S. soybean export inspection volume was 2,549,979 tons [1] - So far this crop - year, the cumulative U.S. soybean export inspection volume is 5,537,802 tons, compared with 8,013,348 tons in the same period of the previous year [1] - The Brazilian 2025/26 soybean planting rate reached 24% as of last Thursday, higher than 14% the previous week and 18% last year [1] - The planting rate of the first - crop corn in Brazil's central - southern region for the 2025/26 season reached 51%, compared with 48% last year [1] - The soybean export volume of Malaysia from October 1 - 20, 2025, was 1,044,784 tons, a 3.4% increase compared to the same period last month [1] - The estimated ending stocks of Canadian wheat and rapeseed for the 2025/26 season are 520 million tons and 250 million tons respectively, the same as the September estimate [1] Group 2: Spot Prices - 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 October 14 - 20, 2025, are provided in a table [3] Group 3: Other Information - Information on the precipitation in major producing countries, import soybean crushing profit on the futures market, and grease import profit are mentioned [1] - Information on the price spread of oilseeds on the futures market, protein meal basis, and grease basis are mentioned [5][8][10]