油脂日报 | 2025-09-30 节前避险情绪浓郁，油脂价格震荡 油脂观点 市场分析 期货方面，昨日收盘棕榈油2601合约9234.00元/吨，环比变化-2元，幅度-0.02%；昨日收盘豆油2601合约8150.00元 /吨，环比变化-12.00元，幅度-0.15%；昨日收盘菜油2601合约10093.00元/吨，环比变化-69.00元，幅度-0.68%。现 货方面，广东地区棕榈油现货价9190.00元/吨，环比变化+0.00元，幅度+0.00%，现货基差P01+-44.00，环比变化+2.00 元；天津地区一级豆油现货价格8340.00元/吨，环比变化-40.00元/吨，幅度-0.48%，现货基差Y01+190.00，环比变 化-28.00元；江苏地区四级菜油现货价格10310.00元/吨，环比变化-70.00元，幅度-0.67%，现货基差OI01+217.00， 环比变化-1.00元。 近期市场咨询汇总：美国农业部发布的出口检验周报显示，截至2025年9月25日当周，美国对中国（大陆地区）装 运0吨大豆。前一周美国对中国大陆装运0吨大豆。当周美国对华大豆出口检验量占到该周出口检验总量的0.00%， 上周 ...

市场分析 期货方面，昨日收盘棕榈油2601合约9222.00元/吨，环比变化+96元，幅度+1.05%；昨日收盘豆油2601合约8192.00 元/吨，环比变化+92.00元，幅度+1.14%；昨日收盘菜油2601合约10142.00元/吨，环比变化+221.00元，幅度+2.23%。 现货方面，广东地区棕榈油现货价9140.00元/吨，环比变化+170.00元，幅度+1.90%，现货基差P01+-82.00，环比变 化+74.00元；天津地区一级豆油现货价格8370.00元/吨，环比变化+90.00元/吨，幅度+1.09%，现货基差Y01+178.00， 环比变化-2.00元；江苏地区四级菜油现货价格10330.00元/吨，环比变化+190.00元，幅度+1.87%，现货基差 OI01+188.00，环比变化-31.00元。 近期市场咨询汇总：根据阿根廷政府的数据，在阿根廷暂停对谷物出口征税近三天后，阿根廷大豆出口量创下至 少七年来最高水平。根据企业申报的数据，2024/25年度大豆出货总量达到1050万吨。据乌克兰国际文传电讯社25 日报道，乌国防部情报总局24日使用无人攻击艇袭击了位于黑海沿岸的俄罗斯关 ...

油脂日报 | 2025-09-18 宏观环境变化，油脂承压震荡 油脂观点 市场分析 期货方面，昨日收盘棕榈油2601合约9424.00元/吨，环比变化-58元，幅度-0.61%；昨日收盘豆油2601合约8366.00 元/吨，环比变化-52.00元，幅度-0.62%；昨日收盘菜油2601合约9999.00元/吨，环比变化-54.00元，幅度-0.54%。现 货方面，广东地区棕榈油现货价9380.00元/吨，环比变化-30.00元，幅度-0.32%，现货基差P01+-44.00，环比变化+28.00 元；天津地区一级豆油现货价格8530.00元/吨，环比变化-50.00元/吨，幅度-0.58%，现货基差Y01+164.00，环比变 化+2.00元；江苏地区四级菜油现货价格10220.00元/吨，环比变化-50.00元，幅度-0.49%，现货基差OI01+221.00， 环比变化+4.00元。 近期市场咨询汇总：据欧盟委员会，法国农业部预测2025/26年法国在欧盟以外的软小麦出口量为785万吨，而7月 份的预测为750万吨。据马来西亚独立检验机构AmSpec，马来西亚9月1-15日棕榈油出口量为695716吨， ...

油脂日报 | 2025-09-17 市场分析 期货方面，昨日收盘棕榈油2601合约9482.00元/吨，环比变化+60元，幅度+0.64%；昨日收盘豆油2601合约8418.00 元/吨，环比变化+42.00元，幅度+0.50%；昨日收盘菜油2601合约10053.00元/吨，环比变化+153.00元，幅度+1.55%。 现货方面，广东地区棕榈油现货价9410.00元/吨，环比变化+110.00元，幅度+1.18%，现货基差P01+-72.00，环比变 化+50.00元；天津地区一级豆油现货价格8580.00元/吨，环比变化+60.00元/吨，幅度+0.70%，现货基差Y01+162.00， 环比变化+18.00元；江苏地区四级菜油现货价格10270.00元/吨，环比变化+160.00元，幅度+1.58%，现货基差 OI01+217.00，环比变化+7.00元。 近期市场咨询汇总：印度植物油生产商协会（IVPA）主席Sudhakar Rao Desai指出，乙醇生产导致DDGS（蒸馏干 谷物与可溶性物）成为家禽业更便宜的饲料选择，给豆粕带来替代压力。美国农业部报告预计，印度豆粕出口量 可能从140万吨降至90 ...

Group 1: Report Industry Investment Rating - The investment rating for the industry is neutral [3] Group 2: Core View of the Report - Recent soybean harvest season in the US is approaching, with favorable weather conditions in the production areas, gradually realizing the expected high - yield, and the global soybean supply remains in a loose pattern. The China - US negotiation is the main focus for the future market. The consumption of palm oil during the two festivals has limited driving force, and the overall price of edible oils will continue to fluctuate [2] Group 3: Market Analysis Futures - Yesterday's closing price of the palm oil 2601 contract was 9384.00 yuan/ton, a change of +68 yuan or +0.73% compared to the previous day. The closing price of the soybean oil 2601 contract was 8348.00 yuan/ton, a change of - 10.00 yuan or -0.12%. The closing price of the rapeseed oil 2601 contract was 9801.00 yuan/ton, a change of +12.00 yuan or +0.12% [1] Spot - In the Guangdong region, the spot price of palm oil was 9310.00 yuan/ton, a change of +110.00 yuan or +1.20%, and the spot basis was P01 + - 74.00, a change of +42.00 yuan. In the Tianjin region, the spot price of first - grade soybean oil was 8470.00 yuan/ton, with no change, and the spot basis was Y01 + 122.00, a change of +10.00 yuan. In the Jiangsu region, the spot price of fourth - grade rapeseed oil was 9900.00 yuan/ton, a change of +10.00 yuan or +0.10%, and the spot basis was OI01 + 99.00, a change of -2.00 yuan [1] Group 4: Recent Market Information Summary - As of August 29, 2025 (Week 35), the commercial inventory of palm oil in key regions across the country was 61.01 tons, an increase of 2.80 tons or 4.81% compared to the previous week [2] - In September, the arrival volume of imported soybeans in China remains high, and it is expected that oil mills will maintain a high operating rate, with the monthly soybean crushing volume around 9.5 million tons [2] - In August, Argentina's agricultural exports dropped by 25% year - on - year, and the total export value of the agricultural sector was 1.82 billion US dollars, a significant decrease of 55% compared to July [2] - Last week, the soybean crushing volume of domestic oil mills increased again, reaching a high in more than two months. As of the end of Week 35 (August 30), the average operating rate of domestic major soybean oil mills was 67.26%, an increase of 3.23% compared to the previous week's 64.03%. The total soybean crushing volume of national oil mills was 2.5148 million tons, an increase of 120,900 tons compared to the previous week. Among them, the crushing volume of domestic soybeans was 16,900 tons, and the crushing volume of imported soybeans was 2.4979 million tons. This week, the expected soybean processing volume will remain high at 2.5213 million tons, with an operating rate of 67.44% [2]

Group 1: Report Industry Investment Rating - The investment rating for the industry is neutral [4] Group 2: Core Views of the Report - The U.S. ProFarmer company's crop inspection shows that the expectation of a bountiful soybean harvest remains unchanged, and the yield per unit is likely to reach a record high. However, due to a significant reduction in the planted area, the overall soybean production is still uncertain [3] - The Malaysian Palm Oil Council (MPOC) predicts that Malaysian palm oil prices will remain above 4,300 ringgit, supported by biodiesel demand, tightening soybean oil supply, and a slowdown in palm oil supply growth. The price strength depends on palm oil's competitiveness against soybean oil in the export market [2] Group 3: Market Analysis Futures Prices - The closing price of the palm oil 2601 contract was 9,640 yuan/ton, a change of +56 yuan or +0.58% [1] - The closing price of the soybean oil 2601 contract was 8,526 yuan/ton, a change of +10 yuan or +0.12% [1] - The closing price of the rapeseed oil 2601 contract was 9,850 yuan/ton, a change of +24 yuan or +0.24% [1] Spot Prices - The spot price of palm oil in Guangdong was 9,660 yuan/ton, a change of +150 yuan or +1.58%, with a spot basis of P01 + 20 yuan, a change of +94 yuan [1] - The spot price of first - grade soybean oil in Tianjin was 8,680 yuan/ton, a change of +50 yuan/ton or +0.58%, with a spot basis of Y01 + 154 yuan, a change of +40 yuan [1] - The spot price of fourth - grade rapeseed oil in Jiangsu was 9,980 yuan/ton, a change of +20 yuan or +0.20%, with a spot basis of OI01 + 130 yuan, a change of - 4 yuan [1] Group 4: Recent Market Consultation Summary Crop Yield Forecasts - ProFarmer expects the 2025 corn yield per acre in Ohio to be 185.69 bushels/acre, compared to 183.29 bushels/acre in 2024 [2] - ProFarmer expects the 2025 corn yield per acre in South Dakota to be 174.18 bushels/acre, compared to 156.51 bushels/acre in 2024 [2] - ProFarmer expects the average number of soybean pods in Ohio in 2025 to be 1,287.28, compared to 1,229.93 in 2024 [2] - ProFarmer expects the average number of soybean pods in South Dakota in 2025 to be 1,188.45, compared to 1,025.89 in 2024 [2] Brazilian "Soybean Moratorium Plan" - Brazil's competition management agency CADE recommends a full investigation of the signatories of the "Soybean Moratorium Plan". The general manager of CADE decides to implement "preventive measures" and impose fines on the working group coordinating the plan and the soybean export companies that signed the document [2] - The Brazilian National Association of Grain Exporters (ANEC) is concerned about CADE's decision, will take administrative measures to appeal, and will maintain a "cooperative spirit" with the competition regulator [2]

Group 1: Report Industry Investment Rating - The investment rating for the industry is neutral [4] Group 2: Core View of the Report - The prices of the three major oils oscillated yesterday. After the release of MPOA data, the estimated palm oil production in Malaysia from July 1 - 31 increased by 9.01%, keeping the supply side of palm oil loose. Coupled with favorable weather in US soybean - growing areas, the soybean supply is also optimistic. Overall, the prices of oils continued to oscillate [1][3] Group 3: Summary of Market Analysis Futures - The closing price of the palm oil 2509 contract yesterday was 8,970.00 yuan/ton, a decrease of 94 yuan or 1.04% compared to the previous day. The closing price of the soybean oil 2509 contract was 8,406.00 yuan/ton, an increase of 62.00 yuan or 0.74%. The closing price of the rapeseed oil 2509 contract was 9,562.00 yuan/ton, a decrease of 53.00 yuan or 0.55% [1] Spot - The spot price of palm oil in Guangdong was 8,980.00 yuan/ton, an increase of 10.00 yuan or 0.11%, with a spot basis of P09 + 10.00, an increase of 104.00 yuan. The spot price of first - grade soybean oil in Tianjin was 8,530.00 yuan/ton, an increase of 90.00 yuan/ton or 1.07%, with a spot basis of Y09 + 124.00, an increase of 28.00 yuan. The spot price of fourth - grade rapeseed oil in Jiangsu was 9,670.00 yuan/ton, a decrease of 60.00 yuan or 0.62%, with a spot basis of OI09 + 108.00, a decrease of 7.00 yuan [1] Recent Market Information - According to SPPOMA data, from August 1 - 5, 2025, the yield per unit of Malaysian palm oil decreased by 19.32% compared to the same period last month, the oil extraction rate increased by 0.39%, and the production decreased by 17.27%. According to MPOA data, the estimated palm oil production in Malaysia from July 1 - 31 increased by 9.01%, with a 17.18% increase in the Malay Peninsula, a 3.13% decrease in Sabah, a 0.69% decrease in Sarawak, and a 2.58% decrease in Borneo. The estimated total palm oil production in Malaysia in July was 1.84 million tons [2] - As of the week ending August 3, the good - to - excellent rate of US soybeans was 69%, in line with market expectations, down from 70% the previous week and up from 68% the same period last year. The soybean flowering rate was 85%, up from 76% the previous week, the same as last year's 85% and slightly lower than the five - year average of 86% [2] - The C&F price of Argentine soybean oil (September shipment) was 1,153 US dollars/ton, up 4 US dollars/ton from the previous trading day; the C&F price of Argentine soybean oil (November shipment) was 1,141 US dollars/ton, up 14 US dollars/ton. The C&F quotation of imported rapeseed oil: Canadian rapeseed oil (September shipment) was 1,035 US dollars/ton, unchanged from the previous trading day; Canadian rapeseed oil (November shipment) was 1,015 US dollars/ton, unchanged. The C&F price of Canadian rapeseeds (October shipment) was 568 US dollars/ton, unchanged; the C&F price of Canadian rapeseeds (December shipment) was 558 US dollars/ton, unchanged. The C&F price of US Gulf soybeans (September shipment) was 445 US dollars/ton, down 1 US dollar/ton; the C&F price of US West soybeans (September shipment) was 439 US dollars/ton, down 1 US dollar/ton; the C&F price of Brazilian soybeans (September shipment) was 479 US dollars/ton, up 2 US dollars/ton. The import soybean premium quotes: Mexico Gulf (September shipment) was 217 cents/bushel, down 3 cents/bushel; US West Coast (September shipment) was 190 cents/bushel, down 3 cents/bushel; Brazilian ports (September shipment) was 315 cents/bushel, up 10 cents/bushel [2]

Report Industry Investment Rating No relevant content provided. Core View of the Report - The prices of oils and fats are expected to fluctuate and consolidate. The domestic fundamentals are loose, and the domestic supply of oils and fats is stable. The USDA's South American production forecast for the 24/25 season is high, the Malaysian palm oil inventory is neutral, the demand has improved, Indonesia's B40 policy promotes domestic consumption, and the US biodiesel policy for soybean oil supports the increase in biodiesel consumption. The imposition of tariffs on Canadian rapeseed in China has led to the rise of the rapeseed sector. The domestic fundamentals of oils and fats are neutral, and the import inventory is stable. The easing of China-US and China-Canada relations affects the market at the macro level [2][3][4]. Summary by Related Catalogs Daily View - Soybean Oil - **Fundamentals**: The MPOB report shows that in May, Malaysian palm oil production decreased by 9.8% month-on-month to 1.62 million tons, exports decreased by 14.74% month-on-month to 1.49 million tons, and the end-of-month inventory decreased by 2.6% month-on-month to 1.83 million tons. The report is neutral, with the production cut falling short of expectations. Currently, shipping survey agencies indicate that the export data of Malaysian palm oil this month has increased by 4% month-on-month. Subsequently, as the peak production season approaches, the supply of palm oil will increase [2]. - **Basis**: The spot price of soybean oil is 8,448, with a basis of 96, indicating that the spot price is higher than the futures price, which is bullish [2]. - **Inventory**: On July 4, the commercial inventory of soybean oil was 880,000 tons, up 20,000 tons from the previous period and 11.7% higher year-on-year, which is bearish [2]. - **Market**: The futures price is trading above the 20-day moving average, and the 20-day moving average is upward, which is bullish [2]. - **Main Position**: The long positions of the main soybean oil contract have decreased, which is bullish [2]. - **Expectation**: The price of soybean oil Y2509 is expected to fluctuate in the range of 8,100 - 8,500 [2]. Daily View - Palm Oil - **Fundamentals**: Similar to soybean oil, the MPOB report shows neutral conditions with production cuts falling short of expectations and subsequent supply increase [3]. - **Basis**: The spot price of palm oil is 8,962, with a basis of 644, indicating that the spot price is higher than the futures price, which is bullish [3]. - **Inventory**: On July 4, the port inventory of palm oil was 380,000 tons, down 10,000 tons from the previous period and 34.1% lower year-on-year, which is bullish [3]. - **Market**: The futures price is trading above the 20-day moving average, and the 20-day moving average is upward, which is bullish [3]. - **Main Position**: The short positions of the main palm oil contract have decreased, which is bearish [3]. - **Expectation**: The price of palm oil P2509 is expected to fluctuate in the range of 8,800 - 9,200 [3]. Daily View - Rapeseed Oil - **Fundamentals**: Similar to soybean oil and palm oil, the MPOB report shows neutral conditions with production cuts falling short of expectations and subsequent supply increase [4]. - **Basis**: The spot price of rapeseed oil is 9,708, with a basis of 93, indicating that the spot price is higher than the futures price, which is bullish [4]. - **Inventory**: On July 4, the commercial inventory of rapeseed oil was 650,000 tons, up 20,000 tons from the previous period and 3.2% higher year-on-year, which is bearish [4]. - **Market**: The futures price is trading above the 20-day moving average, and the 20-day moving average is upward, which is bullish [4]. - **Main Position**: The short positions of the main rapeseed oil contract have decreased, which is bearish [4]. - **Expectation**: The price of rapeseed oil OI2509 is expected to fluctuate in the range of 9,350 - 9,750 [4]. Recent Bullish and Bearish Analysis - **Bullish Factors**: The US soybean stock-to-use ratio remains around 4%, indicating tight supply. There is a tremor season for palm oil [5]. - **Bearish Factors**: The prices of oils and fats are at a relatively high level historically, and the domestic inventory of oils and fats has been continuously increasing. The macroeconomy is weak, and the expected production of related oils and fats is high [5]. - **Current Main Logic**: The global fundamentals of oils and fats are relatively loose [5].

Report Overview - Report Date: July 21, 2025 - Analyst: Wang Mingwei -从业资格号: F0283029 - Investment Consulting Number: Z0010442 - Contact Information: TEL: 0575 - 85226759 [1] Report Industry Investment Rating - Not provided in the report Core Views - The prices of oils and fats are expected to fluctuate and consolidate. The domestic fundamentals are loose, and the domestic supply of oils and fats is stable. The USDA's South American production forecast for the 24/25 season is high, the Malaysian palm oil inventory is neutral, and the demand has improved. Indonesia's B40 policy promotes domestic consumption, and the US biodiesel policy for soybean oil supports the increase in biodiesel consumption. The imposition of tariffs on Canadian rapeseed in China has led to the rise of the rapeseed sector. The domestic fundamentals of oils and fats are neutral, and the import inventory is stable. The easing of Sino - US and Sino - Canadian relations affects the market at the macro level [2][3][4] Summary by Related Catalogs Daily Views Soybean Oil - **Fundamentals**: The MPOB report shows that in May, Malaysian palm oil production decreased by 9.8% month - on - month to 1.62 million tons, exports decreased by 14.74% month - on - month to 1.49 million tons, and the end - of - month inventory decreased by 2.6% month - on - month to 1.83 million tons. The report is neutral, and the production cut is less than expected. Currently, the shipping survey agency shows that the export data of Malaysian palm oil this month has increased by 4% month - on - month. Subsequently, it will enter the production - increasing season, and the supply of palm oil will increase [2] - **Basis**: The spot price of soybean oil is 8414, with a basis of 254, indicating that the spot price is higher than the futures price [2] - **Inventory**: On July 4, the commercial inventory of soybean oil was 880,000 tons, up 20,000 tons from the previous period and 11.7% higher year - on - year [2] - **Market**: The futures price is running above the 20 - day moving average, and the 20 - day moving average is upward [2] - **Main Position**: The short positions of the main soybean oil contract have decreased [2] - **Expectation**: The soybean oil Y2509 contract is expected to fluctuate in the range of 7950 - 8350 [2] Palm Oil - **Fundamentals**: Similar to soybean oil, the MPOB report data is the same, and the subsequent supply is expected to increase [3] - **Basis**: The spot price of palm oil is 9048, with a basis of 84, indicating that the spot price is higher than the futures price [3] - **Inventory**: On July 4, the port inventory of palm oil was 380,000 tons, down 10,000 tons from the previous period and 34.1% lower year - on - year [3] - **Market**: The futures price is running above the 20 - day moving average, and the 20 - day moving average is upward [3] - **Main Position**: The long positions of the main palm oil contract have increased [3] - **Expectation**: The palm oil P2509 contract is expected to fluctuate in the range of 8850 - 9250 [3] Rapeseed Oil - **Fundamentals**: The MPOB report data is the same as above, and the subsequent supply is expected to increase [4] - **Basis**: The spot price of rapeseed oil is 9691, with a basis of 105, indicating that the spot price is higher than the futures price [4] - **Inventory**: On July 4, the commercial inventory of rapeseed oil was 650,000 tons, up 20,000 tons from the previous period and 3.2% higher year - on - year [4] - **Market**: The futures price is running above the 20 - day moving average, and the 20 - day moving average is upward [4] - **Main Position**: The short positions of the main rapeseed oil contract have decreased [4] - **Expectation**: The rapeseed oil OI2509 contract is expected to fluctuate in the range of 9250 - 9650 [4] Recent Bullish and Bearish Analysis - **Bullish Factors**: The US soybean stock - to - use ratio remains around 4%, indicating tight supply [5] - **Bearish Factors**: The prices of oils and fats are at a relatively high historical level, the domestic inventory of oils and fats is continuously increasing, the macro - economy is weak, and the expected production of related oils and fats is high [5] - **Main Logic**: The global fundamentals of oils and fats are relatively loose [5] Supply - Related - **Imported Soybean Inventory**: Mentioned but no specific data provided [6] - **Soybean Oil Inventory**: Data on July 4 shows a commercial inventory of 880,000 tons, up 20,000 tons from the previous period and 11.7% higher year - on - year [2] - **Palm Oil Inventory**: On July 4, the port inventory was 380,000 tons, down 10,000 tons from the previous period and 34.1% lower year - on - year [3] - **Rapeseed Oil Inventory**: On July 4, the commercial inventory was 650,000 tons, up 20,000 tons from the previous period and 3.2% higher year - on - year [4] - **Rapeseed Inventory**: Data presented in a chart from 2015 - 2025, but no specific value mentioned [21][22] - **Domestic Total Oil and Fat Inventory**: Data presented in a chart from 2015 - 2025, but no specific value mentioned [23][24] Demand - Related - **Soybean Oil Apparent Consumption**: Data presented in a chart from 2015 - 2025, but no specific value mentioned [13][14] - **Soybean Meal Apparent Consumption**: Data presented in a chart from 2015 - 2025, but no specific value mentioned [15][16]

Group 1: Report Industry Investment Rating - The investment strategy for the industry is neutral [4] Group 2: Core View of the Report - The prices of the three major oils oscillated yesterday. Indonesia's plan to prepare the B50 program boosted market confidence, but the bumper harvest in South America exerted pressure on the market, resulting in an overall continuation of the oscillation [3] Group 3: Market Analysis Futures - The closing price of the palm oil 2509 contract yesterday was 8,796.00 yuan/ton, with a环比 change of +74 yuan and a幅度 of +0.85% - The closing price of the soybean oil 2509 contract yesterday was 8,072.00 yuan/ton, with a环比 change of +30.00 yuan and a幅度 of +0.37% - The closing price of the rapeseed oil 2509 contract yesterday was 9,440.00 yuan/ton, with a环比 change of -30.00 yuan and a幅度 of -0.32% [1] Spot - The spot price of palm oil in Guangdong was 8,830.00 yuan/ton, with a环比 change of +40.00 yuan and a幅度 of +0.46%, and the spot basis was P09 + 34.00, with a环比 change of -34.00 yuan - The spot price of first-grade soybean oil in Tianjin was 8,210.00 yuan/ton, with a环比 change of +10.00 yuan/ton and a幅度 of +0.12%, and the spot basis was Y09 + 138.00, with a环比 change of -20.00 yuan - The spot price of fourth-grade rapeseed oil in Jiangsu was 9,560.00 yuan/ton, with a环比 change of -30.00 yuan and a幅度 of -0.31%, and the spot basis was OI09 + 120.00, with a环比 change of +0.00 yuan [1] Group 4: Recent Market Consultation Summary Brazil - The Brazilian Vegetable Oil Industry Association (Abiove) raised its production estimates for Brazilian soybean meal and soybean oil in 2025 - The estimated export revenue of the Brazilian soybean complex (grains, soybean meal, and soybean oil) in 2025 is 53.66 billion US dollars, compared to the May forecast of 53.38 billion US dollars - The estimated soybean production in Brazil in 2025 reached a record 169.7 million tons, unchanged from the June forecast - The estimated soybean processing volume in Brazil in 2025 was raised to 57.8 million tons, compared to the June forecast of 57.5 million tons - The estimated soybean export volume in Brazil in 2025 was raised to 109 million tons, compared to the June forecast of 108.2 million tons [2] United States - The net sales of US soybean exports in the 2024/2025 season were 272,000 tons, compared to 503,000 tons the previous week; the net sales of soybeans in the 2025/2026 season were 530,000 tons, compared to 248,000 tons the previous week - The export shipments of US soybeans in the 2024/2025 season were 276,000 tons, compared to 396,000 tons the previous week - The net sales of US soybeans to China in the 2024/2025 season were 0 tons, the same as the previous week; the net sales of soybeans to China in the 2025/2026 season were 0 tons, the same as the previous week - The cumulative sales of US soybeans to China in the 2024/2025 season were 22.478 million tons, the same as the previous week; the export shipments of US soybeans to China in the 2024/2025 season were 0 tons, the same as the previous week - The cumulative shipments of US soybeans to China in the 2024/2025 season were 22.478 million tons, the same as the previous week; the unshipped US soybeans to China in the 2024/2025 season were 0 tons, the same as the previous week; the unshipped US soybeans to China in the 2025/2026 season were 0 tons, the same as the previous week [2] Indonesia - An Indonesian energy department official said that Indonesia is studying how to increase the biodiesel blending ratio to 50%, and the relevant research is expected to be completed by the end of the year. Whether to implement B50 in 2026 has not been determined, and the government needs to calculate the demand for palm oil and the financial support plan [2]