Report Summary 1. Industry Investment Rating - Not provided in the given content 2. Core View - The report presents overnight market information on the supply and demand of various oilseeds and oils, including soybean exports, Australian rapeseed exports, EU imports, and the expected increase in Brazil's soybean planting area in the 2025/26 season [1]. 3. Summary by Relevant Catalogs Overnight Market Information - US private exporters reported selling 228,606 tons of soybeans to Mexico for the 2025/2026 market year [1]. - Australia's rapeseed exports in June 2025 dropped to 102,064 tons from 659,182 tons in May due to low crop inventories. The 2025/26 production is estimated at 5.97 million tons, down from 6.24 million tons in 2024/25 [1]. - From July to August 17, 2025/26, EU palm oil imports were 290,000 tons (vs. 500,000 tons last year), rapeseed imports 330,000 tons (vs. 570,000 tons), soybean imports 1.74 million tons (vs. 1.86 million tons), and soybean meal imports 2.44 million tons (vs. 2.61 million tons) [1]. - Brazilian farmers will start planting 2025/26 soybeans in about a month. The planting area is expected to increase by 2%, with a predicted yield of 173 million tons. Different institutions have varying forecasts for the area increase, ranging from 1.2% to 2.9% [1]. Spot Prices - Spot prices of various oilseeds and oils in different regions from August 13 - 19, 2025 are provided, including prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu [2]. Oil and Oilseed Price Spreads - The report mentions the topic of oil and oilseed price spreads, but no specific content is provided [3]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The U.S. soybean inventory in the quarter ending June 1, 2025, was higher than expected, while the planting area was lower than expected, and the good-to-excellent rate was also lower than expected [1]. - Malaysia's palm oil exports showed varying degrees of increase in June 2025 according to different institutions' data [1]. - Indonesia raised the reference price of crude palm oil in July, but the export tax remained unchanged [1]. 3. Summary by Relevant Catalogs Overnight Market Information - U.S. 2025 Q2 soybean inventory was 1.007664 billion bushels, higher than the estimated 0.98 billion bushels. Farm - in inventory was 0.4117 billion bushels, and farm - out inventory was 0.595964 billion bushels [1]. - The estimated U.S. 2025 soybean planting area was 83.38 million acres, lower than the market estimate of 83.655 million acres, and the 2024 actual planting area was 87.05 million acres [1]. - As of the week ending June 29, 2025, the U.S. soybean good - to - excellent rate was 66%, lower than the expected 67%. The emergence rate was 94%, the flowering rate was 17%, and the pod - setting rate was 3% [1]. - A private exporter reported selling 204,000 tons of soybean meal to an unknown destination for the 2025/2026 market year [1]. - As of the week ending June 26, 2025, the U.S. soybean export inspection volume was 224,787 tons, in line with expectations. The cumulative export inspection volume this crop year was 45.851787 million tons, compared with 41.554272 million tons in the same period last year [1]. - The estimated U.S. May 2025 soybean crushing volume was 204.7 million bushels, 1.1% higher than April and 6.8% higher than May 2024. The estimated May 31 soybean oil inventory was 1.871 billion pounds, down 5.3% from the end of April and 14.5% from May 2024 [1]. - AmSpec reported that Malaysia's June 2025 palm oil exports increased 4.3% month - on - month; ITS reported a 4.7% increase; SGS reported an 11.74% increase [1]. - Indonesia raised the July reference price of crude palm oil to $877.89 per ton from $856.38 in June, with the export tax remaining at $52 per ton [1]. Imported Soybean Futures Crushing Profit No detailed information provided [2]. Futures Price Spreads of Oils and Fats No detailed information provided [5]. 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 June 24 - 30, 2025 [3]. Basis of Protein Meal and Oils and Fats No detailed information provided [3][7].

蛋 白 粕 基 差 ： 油 脂 基 差 ： 油脂油料早报 研究中心农产品团队 2025/06/30 民间出口商报告向墨西哥出口销售 民间出口商报告向墨西哥出口销售119,746吨大豆，2025/2026市场年度付运。 阿根廷罗萨里奥谷物交易所周五表示，受计划中的关税上调影响，阿根廷出口商宣布 月迄今已出口610万吨大豆及 其行生品，较五年均值水平激增22%。 阿根廷总统JavierMilei领导的政府年初时曾暂时调降大豆出口关税，但该政策将于 月到期，届时大豆关税将从 26%上升至33%，豆油和豆粕关税税率均将由24.5%上调至31%。 年油菜籽种植面积下降 27日（周五），加拿大统计局公布主要大田作物种植面积报告。 大草原地区三省的油菜籽播种面积均缩减。2025年，农民报告种植了2,150万英亩油菜，较上一年下降了2.5%，这 可能是由于土壤湿度和持续的贸易问题等一系列因素造成的。在种植了加拿大一半以上油菜的萨斯喀彻温省，农民报告 种植了1,200万英亩油菜，较2024年下降了0.5%。在阿尔伯塔省，受访者报告称，2025年种植了620万英亩油菜，较上一 年下降了2.8%。而在马尼托巴省，农民报告播种了30 ...