Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The U.S. soybean export inspection volume in the week ending January 22, 2026, was 1,324,408 tons, meeting market expectations, with 67.76% shipped to China. The cumulative export inspection volume this crop - year is 20,668,363 tons, lower than the same period last year [1]. - Brazil exported 1,521,682.57 tons of soybeans in the first four weeks of January 2026, with a 96% increase in the daily average export volume compared to January last year. Multiple institutions have raised Brazil's 2025/26 soybean production forecast, but the high - temperature and dry weather in Rio Grande do Sul needs attention [1]. - Argentina's 2025/26 soybean planting area is estimated at 17.4 million hectares, a 3.3% decrease from the previous year [1]. - Malaysia's palm oil export volume from January 1 - 25, 2026, increased compared to the same period last month, while the production from January 1 - 20 and January 1 - 25 decreased compared to the previous month [1]. 3. Summary by Relevant Catalogs Overnight Market Information - U.S. soybean export inspection volume in the week ending January 22, 2026, was 1,324,408 tons, within the market forecast range of 900,000 - 1,550,000 tons. The volume to China was 897,459 tons, accounting for 67.76% of the total. The cumulative export inspection volume this crop - year is 20,668,363 tons, compared to 33,052,451 tons in the same period last year [1]. - Brazil exported 1,521,682.57 tons of soybeans in the first four weeks of January 2026, with a daily average of 95,105.16 tons, a 96% increase from January last year's daily average of 48,598.48 tons [1]. - AgRural raised Brazil's 2025/26 soybean production forecast to 181 million tons from 180.4 million tons, with 4.9% of the harvest completed, higher than the previous week and the same period last year [1]. - Hedgepoint Global Markets raised Brazil's 2025/26 soybean production forecast to 179.5 million tons from 178 million tons due to favorable weather conditions [1]. - Argentina's 2025/26 soybean planting area is estimated at 17.4 million hectares, a 3.3% decrease from the previous year [1]. - Malaysia's palm oil export volume from January 1 - 25, 2026, increased by 9.97% (ITS data) and 7.97% (AmSpec data) compared to the same period last month. The production from January 1 - 20 decreased by 14.43% (MPOA data), and from January 1 - 25 decreased by 14.81% (SPPOMA data) [1]. Spot Prices - The 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 January 20 - 26, 2026, are presented in a table [5]. Other Sections - There are also sections about "Oil Basis", "Oil and Oilseed Futures Spread", "Oil Import Profit", and "Protein Meal Basis", but no specific content is provided in the given text [8][10][12]

Core Viewpoint - The palm oil export volume from Malaysia is projected to increase significantly in December, indicating a positive trend in the palm oil industry [1] Group 1: Export Data - The expected palm oil export volume for Malaysia from December 1 to 31 is 1,000,703 tons [1] - This figure represents a 28.40% increase compared to the export volume of 779,392 tons during the same period last month [1]

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - Malaysia's palm oil exports from December 1 - 25, 2025, showed significant growth, with SGS reporting a 41.25% increase to 824,276 tons compared to the same period last month, and AmSpec reporting a 3.0% increase to 1,017,897 tons [1] - Malaysia's palm oil production from December 1 - 25, 2025, decreased by 9.12% compared to the previous period, with a 8.49% decline in fresh fruit bunch yield and a 0.12% decrease in oil extraction rate [1] 3. Summary by Related Catalogs Overnight Market Information - SGS data showed that Malaysia's palm oil product exports from December 1 - 25, 2025, were 824,276 tons, a 41.25% increase from the same period last month [1] - AmSpec data showed that Malaysia's palm oil product exports from December 1 - 25, 2025, were 1,017,897 tons, a 3.0% increase from the same period last month [1] - SPPOMA data showed that Malaysia's palm oil production from December 1 - 25, 2025, decreased by 9.12% compared to the previous period, with a 8.49% decline in fresh fruit bunch yield and a 0.12% decrease in oil extraction rate [1] Spot Prices - From December 22 - 26, 2025, 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 showed different degrees of change [2] Protein Meal Basis - No specific data provided Fat Basis - No specific data provided Fat and Oil Futures Spread - No specific data provided

Core Insights - The core viewpoint of the article is that Malaysia's palm oil export volume for the period of December 1-25 is projected to be 824,276 tons, representing a significant increase of 41.25% compared to the 583,574 tons exported during the same period last month [1] Group 1 - The palm oil export volume for Malaysia is expected to reach 824,276 tons [1] - This figure marks an increase of 41.25% from the previous month's export volume of 583,574 tons [1]

Group 1 - The core point of the article highlights a significant decrease in Malaysia's palm oil exports for the period of November 1-30, with a total export volume of 1,263,298 tons, representing a 15.89% decline compared to the previous month's exports of 1,501,945 tons [1]

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 core point of the article is that Malaysia's palm oil export volume is expected to significantly decrease in the first 20 days of November compared to the same period last month, indicating a potential decline in supply and market dynamics [1] Export Data Summary - Malaysia's palm oil export volume from November 1 to 20 is projected to be 471,222 tons, which represents a 40.6% decrease from 793,571 tons exported during the same period last month [1]

Group 1 - The core point of the article is that Malaysia's palm oil exports increased in October 2023 compared to the previous month, indicating a positive trend in the palm oil industry [1] Group 2 - The export volume of palm oil from Malaysia for the period of October 1-31, 2023, was 1,639,089 tons, which represents a 5.19% increase from the 1,558,247 tons exported in the same period of the previous month [1]

Core Insights - The shipping survey agency SGS reported that Malaysia's palm oil export volume from October 1 to 25 is expected to reach 985,301 tons, representing a 23.8% increase compared to the same period last month [1] Group 1 - The expected palm oil export volume for Malaysia in the specified period is 985,301 tons [1] - This figure indicates a significant increase of 23.8% compared to the previous month [1]

Core Insights - Malaysia's palm oil export volume from September 1 to 25 is projected to be 795,947 tons, representing a decrease of 14.73% compared to 933,437 tons during the same period last month [1] Industry Summary - The palm oil export volume for Malaysia has shown a significant decline in September, indicating potential challenges in the palm oil market [1] - The decrease in export volume may impact pricing and demand dynamics within the palm oil industry [1]