Group 1: Industry Investment Rating - No information provided Group 2: Core Viewpoints - The report presents recent data and trends in the agricultural commodities market, including soybean, palm oil, and related products, which can help investors understand the current market situation and potential investment opportunities [1] Group 3: Summary by Related Catalogs Soybean - The U.S. soybean crush volume in August was 198 million bushels (5.94 million tons), slightly higher than the analysts' forecast of 196.9 million bushels [1] - Brazil's 2025/26 soybean planting rate reached 79.61%, lower than the same period last year but higher than the 2023/24 season and the five - year average. Irregular rainfall in most regions may lead to lower yields [1] Palm Oil - Malaysia's palm oil product exports from November 1 - 20, 2025, were 471,222 tons, a 40.6% decrease from the same period last month [1] Import Profits - The report provides historical data on the import profits of soybean oil, palm oil, and rapeseed oil from 2016 - 2025 for July and August [1] Spot Prices - Spot prices of various agricultural products such as rapeseed meal, soybean meal, soybean oil, palm oil, and rapeseed oil in different regions from November 17 - 21, 2025, are presented [1] Basis - The report shows the basis data of protein meals (soybean meal and rapeseed meal) and oils (soybean oil, palm oil, and rapeseed oil) in different months and regions over multiple seasons [1] Price Spreads - Seasonal price spreads of various agricultural products, including soybean meal, rapeseed meal, soybean oil, palm oil, and rapeseed oil, are provided, which can help investors analyze market trends and potential trading opportunities [1]

Core Insights - The USDA drought report indicates a reduction in the proportion of U.S. soybeans affected by drought conditions, although the soybean planting rate remains below market expectations [1] Group 1 - The area of U.S. soybeans impacted by drought has decreased [1] - Previous soybean planting rates were lower than market expectations [1]

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - The report presents the latest data on the soybean industry from multiple countries, including the US, Brazil, Argentina, and China, covering aspects such as crop growth, export, production, and import [1]. 3. Summary by Relevant Catalogs Overnight Market Information - US Soybeans - As of the week ending June 8, 2025, the US soybean good-to-excellent rate was 68%, in line with market expectations, up from 67% the previous week and lower than 72% in the same period last year [1]. - The US soybean planting rate was 90%, lower than the market - expected 91%, up from 84% the previous week, higher than 86% last year and the five - year average of 88% [1]. - The US soybean emergence rate was 75%, up from 63% the previous week, higher than 68% last year and the five - year average of 72% [1]. - As of the week ending June 5, 2025, the US soybean export inspection volume was 547,040 tons, exceeding the market forecast of 155,000 - 400,000 tons, up from the revised 301,459 tons the previous week [1]. - The export inspection volume to the Chinese mainland was 0 tons this week. The cumulative US soybean export inspection volume this crop year was 45,188,245 tons, compared with 40,543,390 tons in the same period last year [1]. Brazil Soybeans - As of June 6, about 64% of Brazil's 2024/25 - year soybeans had been sold, lower than 71.8% in the same period last year and the five - year average. The 2024/25 - year soybean production is expected to be 172.45 million tons [1]. - Brazil's 2025/26 - year soybean sales rate was 10.8%, lower than 14.6% in the same period last year and the five - year average of 20.6%. The 2025/26 - year soybean production is expected to be 182.57 million tons [1]. Argentina Soybeans - The Buenos Aires Grain Exchange estimated that Argentina's 2024/2025 - year soybean production would be 48.5 million tons [1]. - As of the end of May, the soybean crop harvest rate in Argentina was 80.7%, with the early - sown soybeans 86% harvested. The soybean crop yield is expected to be 3,090 kg/ha (46.0 bushels/acre), with a yield range of 1,200 - 3,740 kg/ha (17.8 - 55.7 bushels/acre) [1]. China's Imports - China's soybean imports from January to May were 37.108 million tons, a 0.7% decrease from the same period last year. In May, the soybean import volume was 13.918 million tons [1]. - China's edible vegetable oil imports from January to May were 2.491 million tons, a 12.9% decrease from the same period last year. In May, the import volume was 462,000 tons [1]. - China's grain imports from January to May were 48.368 million tons, a 29.7% decrease from the same period last year. In May, the import volume was 16.552 million tons [1]. Spot Prices - The report provides 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 3 to June 9, 2025 [1].