Group 1 - Domestic futures market showed a significant decline, with soybean futures closing at 3617.00 CNY/ton, down 0.19% [1] - The Agricultural and Rural Affairs Ministry reported that the wholesale price of domestic soybeans for the 2024/25 season is 4475 CNY/ton, a decrease of 10.6% year-on-year, which is below the expected price range [2] - Imported soybeans' tax-inclusive average price is 3781 CNY/ton, down 7.4% year-on-year, within the expected price range [2] Group 2 - Brazil exported 1,488,130 tons of soybeans last week and plans to export 2,233,095 tons this week [2] - 89% of major soybean-producing areas in the U.S. are expected to have higher-than-normal temperatures in the next 6-10 days, with 50% of areas anticipating below-normal precipitation [2] - The USDA's weekly crop progress report is currently suspended due to the government shutdown, affecting market expectations [3] Group 3 - According to Ruida Futures, the recent dry weather has allowed U.S. farmers to accelerate harvesting, with an expected soybean harvest rate of 39% by Sunday [3] - Brazil's soybean planting rate for the 2025/26 season is reported at 8.2%, up from 3.5% the previous week and 5.1% year-on-year [3] - The anticipated rebound in U.S. soybean prices is expected to be limited due to a good harvest and weak demand from China [3]

Core Insights - The U.S. soybean crushing volume has set records for three consecutive times, indicating strong demand for U.S. soybeans [1] Group 1: Soybean Industry Performance - The continuous record-breaking soybean crushing volume suggests robust demand dynamics in the soybean market [1] - The article raises questions about the sustainability of this high demand for U.S. soybeans [1]