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: Industry Investment Rating - No information provided Group 2: Core Viewpoints - As of the week ending October 23, 2025, the U.S. soybean export inspection volume was 1,061,375 tons, in line with market expectations, and the cumulative export inspection volume for this crop year was 6,715,111 tons, lower than the same period last year [1] - As of last Thursday, the planting rate of soybeans in Brazil's 2025/26 season reached 36% of the expected sown area, unchanged from the same period last year [1] - From October 1 - 25, 2025, Malaysia's palm oil production increased by 2.78% month - on - month, with a 1.63% increase in fresh fruit bunch yield and a 0.22% increase in oil extraction rate [1] - Different institutions' data on Malaysia's palm oil exports from October 1 - 25, 2025 showed different trends: SGS reported a 23.79% increase, while AmSpec reported a 0.3% decrease and ITS reported a 0.4% decrease [1] Group 3: Summary by Related Catalogs Overnight Market Information - U.S. soybean export inspection volume as of the week ending October 23, 2025 was 1,061,375 tons, with market expectations of 1,000,000 - 1,500,000 tons, and the previous week's revised volume was 1,590,264 tons [1] - As of the week ending October 24, 2024, the U.S. soybean export inspection volume was 2,630,651 tons [1] - The cumulative U.S. soybean export inspection volume for this crop year was 6,715,111 tons, compared to 10,643,999 tons in the same period last year [1] - Brazil's 2025/26 season soybean planting rate reached 36% as of last Thursday, unchanged from the same period last year and up from 24% the previous week [1] - From October 1 - 25, 2025, Malaysia's palm oil production increased by 2.78% month - on - month, fresh fruit bunch yield increased by 1.63%, and oil extraction rate increased by 0.22% [1] - SGS reported that Malaysia's palm oil exports from October 1 - 25, 2025 were 985,301 tons, a 23.79% increase from the same period last month [1] - AmSpec reported that Malaysia's palm oil exports from October 1 - 25, 2025 were 1,182,216 tons, a 0.3% decrease from September [1] - ITS reported that Malaysia's palm oil exports from October 1 - 25, 2025 were 1,283,814 tons, a 0.4% decrease from the same period last month [1] Spot Prices - Spot prices of various products (bean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu) from October 21 - 27, 2025 are provided [5] Others - Information on precipitation in major producing countries, import soybean crushing profit on the futures market, and grease import profit are mentioned but no specific data is provided [1] - Information on grease basis, grease and oilseed price spreads on the futures market, and protein meal basis are mentioned but no specific data is provided [8][10][13]

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]

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].