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 export sales and shipments of US soybeans and soybean meal, the export volume of Brazilian soybeans, and the production forecasts of Brazilian soybeans from different consulting firms, as well as the planting intentions of Canadian rapeseed [1]. 3. Summary by Relevant Catalogs Overnight Market Information - From February 26th, US current - market - year soybean export sales net increased by 383,500 tons, a 6% decrease from the previous week and a 20% decrease from the four - week average. Market expectations were for a net increase of 300,000 - 1,000,000 tons. Exports to the Chinese mainland net increased by 153,100 tons. The export shipment was 1,119,500 tons, a 38% increase from the previous week and a 3% decrease from the four - week average. Exports to the Chinese mainland were 669,100 tons. The new sales of current - market - year soybeans were 393,800 tons, and 0 tons for the next market year [1]. - From February 26th, US current - market - year soybean meal export sales net increased by 255,800 tons, a 5% decrease from the previous week and a 31% decrease from the four - week average. Market expectations were for a net increase of 200,000 - 450,000 tons. The export shipment was 261,500 tons, a 44% decrease from the previous week and a 30% decrease from the four - week average. The new sales of current - market - year soybean meal were 327,200 tons, and 0 tons for the next market year [1]. - Brazil exported 7,113,749.80 tons of soybeans in February, a 11% year - on - year increase. The daily average export volume was 395,208.32 tons, a 23% year - on - year increase [1]. - Agroconsult expects Brazil's 2025/26 soybean production to be 183.1 million tons, an 850,000 - ton increase from the initial forecast. If confirmed, production will grow by 6.4% and set a new record [1]. - AgResource estimates Brazil's 2025/2026 soybean production to be 182.43 million tons [1]. - Canadian farmers intend to increase rapeseed planting by 1.0% in 2026, reaching 21.8 million acres. Before the report, traders expected 22.3 million acres on average [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 February 27th to March 5th are presented in the report [1].

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - The net increase in US soybean export sales for the 2025/26 season from September 1 - 4 is expected to be between 40 - 160 million tons, with US soybean meal export sales expected to net increase by 5 - 90 million tons and US soybean oil export sales by 0 - 1.6 million tons [1] - Argentina's 2025/26 soybean planting area is expected to decrease by 4.3% to 17.6 million hectares due to farmers choosing to plant other crops [1] - Malaysia's August palm oil inventory reached a two - year high due to strong production, with inventory increasing by 4.18% to 2.2 million tons, production increasing by 2.35% to 1.86 million tons, and exports slightly decreasing by 0.29% to 1.32 million tons [1] - Malaysia's palm oil exports from September 1 - 10 decreased by 1.2% according to ITS and 8.4% according to AmSpec compared to the previous month [1] 3. Summaries by Relevant Catalogs Overnight Market Information - US soybean export sales for the 2025/26 season from September 1 - 4 are expected to net increase by 40 - 160 million tons, soybean meal by 5 - 90 million tons, and soybean oil by 0 - 1.6 million tons [1] - Argentina's 2025/26 soybean planting area is expected to decrease by 4.3% to 17.6 million hectares [1] - Malaysia's August palm oil inventory increased by 4.18% to 2.2 million tons, production increased by 2.35% to 1.86 million tons, exports decreased by 0.29% to 1.32 million tons, and domestic consumption increased by over 6% to 490,923 tons [1] - Malaysia's September 1 - 10 palm oil exports decreased by 1.2% according to ITS and 8.4% according to AmSpec [1] Spot Prices - Spot prices of various products such as soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from September 4 - 10, 2025 are presented in a table [2] Protein Meal Basis - No specific content provided [3] Fatty Oil Basis - No specific content provided [5] Fatty Oil Futures Spread - No specific content provided [7]

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].

Report Summary - There is no report industry investment rating provided [1] Core Viewpoints -民间出口商向墨西哥出口销售119,746吨大豆，2025/2026市场年度付运 [1] -受计划中的关税上调影响，阿根廷出口商6月迄今已出口610万吨大豆及其衍生品，较五年均值水平激增22%，阿根廷政府年初暂时调降的大豆出口关税政策将于6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% [1] - 2025年加拿大油菜籽种植面积下降，大草原地区三省的油菜籽播种面积均缩减，可能是由于土壤湿度和持续的贸易问题等因素造成 [1] - 加拿大统计局大幅上调去年的油菜籽产量数据，2024年油菜产量从1,780万吨增加至1,918万吨，表明全球最大油菜籽出口国的油菜籽供应将比最初预期的更健康 [1] Summary by Related Catalog Soybean Export - 民间出口商向墨西哥出口销售119,746吨大豆，2025/2026市场年度付运 [1] - 受关税上调影响，阿根廷出口商6月迄今已出口610万吨大豆及其衍生品，较五年均值激增22%，关税政策到期后大豆关税将从26%升至33%，豆油和豆粕关税从24.5%升至31% [1] Rapeseed Planting - 2025年加拿大油菜籽种植面积下降，大草原地区三省均缩减，萨斯喀彻温省下降0.5%，阿尔伯塔省下降2.8%，马尼托巴省下降9.2% [1] - 加拿大统计局上调2024年油菜籽产量数据，从1,780万吨增至1,918万吨，有交易商认为今年春季油菜籽面积将超预测的2150万英亩 [1] Spot Price - 报告列出2025年6月23 - 27日豆粕江苏、菜粕广东、豆油江苏、棕榈油广州、菜油江苏的现货价格 [2] Basis - 提及蛋白粕基差和油脂基差，但未给出具体内容 [3] Futures Spread - 提及油脂油料盘面价差，但未给出具体内容 [5]