Market Overview - On August 12, the Dalian japonica rice futures opened high but closed lower, with the main contract reported at 3613.00 CNY/ton [1] Crop Production Forecasts - Ukraine's Deputy Minister of Economy raised the 2025 grain crop production forecast from 54 million tons to 56 million tons; the corn production forecast was also increased from 26 million tons to 28 million tons [1] - As of August 9, Brazil's National Supply Company (CONAB) reported that the first corn harvest rate reached 99.9%, up from 99.8% the previous week, while the second corn harvest rate increased to 83.7% from 75.2% the prior week [1] Export Data - According to the USDA, for the week ending August 7, 2025, the U.S. corn export inspection volume was 1,491,962 tons, revised from 1,284,746 tons the previous week [1] - Cumulative U.S. corn export inspections for the current crop year reached 63,127,205 tons, compared to 48,943,159 tons during the same period last year [1]

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View The report presents overnight market information on soybeans and rapeseed in the United States and Canada, including crop growth rates, export inspection volumes, and crop quality rates, as well as spot prices of related products [1][2]. 3. Summary by Related Catalogs Overnight Market Information - As of the week ending July 6, 2025, the good-to-excellent rate of U.S. soybeans was 66%, unchanged from the previous week and lower than 68% in the same period last year; the emergence rate was 96%, up from 94% the previous week and lower than 98% in the same period last year and the five - year average; the flowering rate was 32%, up from 17% the previous week, the same as last year and higher than the five - year average; the pod - setting rate was 8%, up from 3% the previous week, the same as last year and higher than the five - year average [1]. - As of the week ending July 3, 2025, the U.S. soybean export inspection volume was 389,364 tons, within the market forecast range; the export inspection volume to the Chinese mainland was 0 tons; the cumulative export inspection volume this crop year was 46,253,445 tons, higher than 41,848,481 tons in the same period last year [1]. - As of the week ending June 30, 2025, the good - to - excellent rate of rapeseed in Saskatchewan was 58.97%, and in Alberta it was 58.1%, up from 57.7% the previous week. As of the week ending July 2, the rapeseed in Manitoba was at various growth stages. The weather forecast for the next 15 days in Canada's main rapeseed - producing areas shows that the temperature will mostly be above normal and the average precipitation will be below normal [1]. Spot Prices | Date | Soybean Meal in Jiangsu | Rapeseed Meal in Guangdong | Soybean Oil in Jiangsu | Palm Oil in Guangzhou | Rapeseed Oil in Jiangsu | | --- | --- | --- | --- | --- | --- | | 2025/07/01 | 2830 | 2470 | 8200 | 8450 | 9630 | | 2025/07/02 | 2800 | 2460 | 8220 | 8510 | 9710 | | 2025/07/03 | 2810 | 2490 | 8210 | 8530 | 9760 | | 2025/07/04 | 2800 | 2490 | 8150 | 8520 | 9740 | | 2025/07/07 | 2790 | 2470 | 8080 | 8520 | 9670 | [2]

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core Viewpoints - The report presents the latest data on the planting, harvesting, and export of soybeans and rapeseed in major producing countries, as well as the spot prices of related products [1][2]. 3. Summary by Related Catalog Overnight Market Information - As of the week ending May 25, 2025, the U.S. soybean planting rate was 76%, lower than the market - expected 78%, with the previous week at 66%, last year's same period at 66%, and the five - year average at 68%. The soybean emergence rate was 50%, up from 34% the previous week, compared to 37% last year and a five - year average of 40% [1]. - As of the week ending May 22, 2025, the U.S. soybean export inspection volume was 194,904 tons, at the lower end of the estimated range. The export inspection volume to the Chinese mainland was 0 tons. The cumulative export inspection volume for this crop year was 44,334,628 tons, compared to 39,948,112 tons in the same period of the previous year [1]. - In March 2025, Canada's rapeseed export volume was 896,968 tons, rapeseed oil was 307,394 tons, and rapeseed meal was 592,999 tons. As of March, the 2024/25 crop - year export volumes were 6,768,712 tons for rapeseed, 2,368,787 tons for rapeseed oil, and 4,057,503 tons for rapeseed meal [1]. - As of May 24, 2025, the Brazilian 2024/25 soybean harvest rate was 99.5%, better than last year's 98.1% and the five - year average of 99.1%. The first - season corn harvest rate was 86.9%, and the second - season corn harvest had just begun at a rate of 0.3% [1]. Spot Prices - 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 May 21 to May 27, 2025, are provided in a table [2]. Others - Information on oilseeds basis, oilseeds and oil products price spreads, and protein meal basis is mentioned but no specific data is provided [3][8].