1. Report Information - Reported industry: Oil and fat [1] - Date: March 17, 2026 [2] - Researchers: Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, Liu Youran [3] 2. Core Viewpoint - Palm oil led the oil and fat sector. The Middle East conflict and the resulting surge in oil prices continued to dominate the oil and fat and oilseed markets, with strong bullish sentiment, and the strategy was to go long. The recent increase in crude oil has driven up the demand for biodiesel, which has become the main driver for the rise in oil and fat prices. The energy crisis may prompt Indonesia to accelerate the implementation of B50, and the Brazilian biodiesel industry has called for an increase from B15 to B16 or higher. Rising energy prices also affect future pesticide and fertilizer prices, and the increase in production input costs may lead to a decline in future planting areas. The quarantine issue has impacted Brazil's soybean exports to China, and if the customs clearance time is extended, it may slow down the arrival pace from March to April. Attention should be paid to the progress of the US biodiesel policy and the trend of international crude oil prices [8] 3. Summary by Directory 3.1 Market Review and Operation Suggestions - **Market Review Table**: The table shows the trading data of multiple oil and fat futures contracts, including the previous settlement price, opening price, highest price, lowest price, closing price, change, change percentage, trading volume, and position change. For example, for the P2605 contract, the previous settlement price was 9586, the opening price was 9676, the highest price was 9748, the lowest price was 9240, the closing price was 9462, the change was -124, the change percentage was -1.29%, the trading volume was 882044, and the position decreased by 46514 [7] - **Base Price Quotations**: Dongguan's third - grade rapeseed oil traders' quotations: Third - grade rapeseed oil: 05 + 120 (5 - 6), First - grade rapeseed oil: 05 + 860. East China's soybean oil base price quotations: Spot: Y2605 + 260; April - May: Y2605 + 230; May - July: Y2605 + 130; June - September: Y2609 + 230. Dongguan's palm oil traders' quotations were stable with a slight decline: Guangzhou Yihai's 18 - degree palm oil: 05 + 150; Dongguan factories' 24 - degree palm oil: 05 - 40; Dongguan's national standard 24 - degree palm oil: 05 + 20; Dongguan factories' 52 - degree palm oil: 05 - 350; Dongguan factories' 33 - degree palm oil: 05 + 20 [7] 3.2 Industry News - According to data released by shipping survey agency ITS, Malaysia's palm oil exports from March 1 - 10 were 622,445 tons, a 37.9% increase compared to the 451,340 tons exported from February 1 - 10. Exports to China were 33,600 tons, a decrease of 2,900 tons compared to the same period last month [9] - According to data released by shipping survey agency SGS, Malaysia's palm oil exports from March 1 - 10 were 346,061 tons, a 26.5% increase compared to the 273,472 tons exported from February 1 - 10. Exports to China were 40,000 tons, a significant increase from the 18,000 tons of the previous month [9] - Data released by the Indian Solvent Extractors' Association (SEA) showed that in February, palm oil imports increased by about 11% to 847,689 tons, soybean oil imports increased by 7% to 299,046 tons, and sunflower oil imports decreased by about 45% to 145,308 tons [9] 3.3 Data Overview - The report includes multiple data maps, such as the spot price of East China's third - grade rapeseed oil, the spot price of East China's fourth - grade soybean oil, the spot price of South China's 24 - degree palm oil, the base price changes of soybean oil, rapeseed oil, and palm oil, the P1 - 5 spread, P5 - 9 spread, P9 - 1 spread, the US dollar to Malaysian ringgit exchange rate, the US dollar to Chinese yuan exchange rate, etc. The data sources are all from Wind and the Research and Development Department of Jianxin Futures [11][15][19][25][29][33]