Soybeans are trading with 5 to 7 cent losses across most contracts at midday. The cmdtyView national average Cash Bean price is 4 1/2 cents lower at $10.60. Soymeal futures are down $3.00 to $3.50. Soy Oil futures were 23 to 35 points higher. There were 147 deliveries issued against December soybean meal on Friday night, with 122 for bean oil. USDA tallied soybean export shipments at 920,194 MT (33.81 mbu) during the week ending on November 27. That was 56.4% below the same week in 2024 and up 13.8% from ...

二、产业种植实况转载： 在马托格罗索州使用大型48行播种机播种。 =====四天前的伊利诺伊州迪凯特农场与今天的马托格罗索州塔普拉天然森林保护区的对比视频 =====巴西南里奥格兰德州大豆种植园，海拔高度在 100 至 500 米之间，被平缓的河谷分隔开。 阿根廷科尔多瓦省大豆已经发芽。 来源：市场资讯 （来源：南京玛合雅） 一、产业资讯：据巴西农业部下属的国家商品供应公司CONAB，截至11月22日，巴西大豆播种率为 78%，上周为69%，去年同期为83.3%，五年均值为75.8%。 据世界农业天气网11月24日报告显示，主产区马托格罗索地区降雨量增加至正常值60%以上；巴西东南 部降雨量最大，是正常值110%以上，南部地区降雨量最小，南里奥格兰德州为正常值60%。 ...

1. Report Industry Investment Rating - The report gives a neutral strategy for the oil and fat industry [4] 2. Core View of the Report - The weather in the US soybean production areas is favorable, with a decreasing drought rate and good growth. As the weather window gradually closes, there are strong expectations of a bumper harvest, which puts pressure on the oil and fat market, leading to an oscillatory adjustment [1][3] 3. Summary by Relevant Catalogs Market Analysis - **Futures**: The closing price of the palm oil 2509 contract was 8,950 yuan/ton, a decrease of 20 yuan or 0.22% compared to the previous day; the soybean oil 2509 contract closed at 8,406 yuan/ton, unchanged from the previous day; the rapeseed oil 2509 contract closed at 9,496 yuan/ton, a decrease of 66 yuan or 0.69% [1] - **Spot**: In the Guangdong region, the spot price of palm oil was 8,940 yuan/ton, a decrease of 40 yuan or 0.45%, with a spot basis of P09 + -10 yuan, a decrease of 20 yuan; in the Tianjin region, the spot price of first - grade soybean oil was 8,510 yuan/ton, a decrease of 20 yuan or 0.23%, with a spot basis of Y09 + 104 yuan, a decrease of 20 yuan; in the Jiangsu region, the spot price of fourth - grade rapeseed oil was 9,610 yuan/ton, a decrease of 60 yuan or 0.62%, with a spot basis of OI09 + 114 yuan, an increase of 6 yuan [1] Recent Market Information Summary - **US Drought**: As of the week ending August 5, about 3% of the US soybean planting area was affected by drought, down from 5% the previous week and 4% last year [2] - **Brazilian Soybeans**: The 2025/26 soybean planting area in Brazil is expected to grow at the slowest pace in nearly 20 years, with an estimated planting area of 48.13 million hectares (118.9 million acres), a 1.43% increase from the previous year, the smallest increase since the 2006/07 season. The estimated production is 166.56 million tons, lower than the previous year's 168.74 million tons. Brazil's soybean exports in August are expected to reach 8.15 million tons, compared to 7.98 million tons last year [2] - **US Soybean Exports**: The net sales of US soybean exports in the 2024/2025 season were 468,000 tons, up from 349,000 tons the previous week; the net sales in the 2025/2026 season were 545,000 tons, up from 429,000 tons the previous week [2] - **Brazilian Exports**: Brazilian soybean exports in August are expected to reach 8.15 million tons, compared to 7.98 million tons last year; soybean meal exports are expected to be 1.74 million tons, compared to 2.1 million tons last year; corn exports are expected to be 7.58 million tons, compared to 6.42 million tons last year [2] - **Import Prices**: Canadian rapeseed (October shipment) C&F price is $561/ton, down $7/ton; Canadian rapeseed (December shipment) C&F price is $551/ton, down $7/ton. Argentine soybean oil (September shipment) C&F price is $1,141/ton, down $12/ton; Argentine soybean oil (November shipment) C&F price is $1,120/ton, down $21/ton [2]