Report Industry Investment Rating - Not provided Core Viewpoints of the Report - Internationally, abundant rainfall in the main soybean - producing areas of the US has cooled the weather - speculation sentiment. The upcoming China - US negotiations provide some support to the market, leading to a slight rebound in CBOT soybean futures. High - frequency data shows a decline in Malaysian palm oil exports since July and a month - on - month increase in production. The news of a significant increase in Indonesia's palm oil exports in June has pushed up Malaysian palm oil futures again. Domestically, soybean oil inventory continues to rise, but the peak of South American soybean imports has passed, and there is great uncertainty in the medium - and long - term supply of imported soybeans. Attention should be paid to the progress of China - US trade negotiations. Palm oil inventory has slightly increased, maintaining a pattern of weak supply and demand overall, and domestic prices mainly follow the external market. For rapeseed oil, domestic spot supply is sufficient, the weather in the Canadian rapeseed - growing area is good, ICE rapeseed futures have fallen, and rapeseed oil prices have continued to fluctuate within a range [5][6] Summary by Relevant Catalogs 1. Macro and Industry News - Malaysia's palm oil production from July 1 - 20 is estimated to increase by 11.24% compared to the same period last month, with an 18.95% increase in the Malay Peninsula, a 0.14% decrease in Sabah, a 0.41% increase in Sarawak, and a 0.01% increase in East Malaysia [2] - The Canadian Agriculture and Agri - Food Department (AAFC) has significantly raised the estimated 2024/25 rapeseed production to about 19.19 million tons, up from the previous forecast of 17.85 million tons. The export forecast of old - crop rapeseed has also been raised to 9.5 million tons [2] - Indonesia's palm oil inventory in May decreased by 4.27% month - on - month to 2.9 million tons. The export volume of palm oil and refined products in May reached 2.66 million tons, a nearly 50% increase from April and a 35.64% increase year - on - year. The crude palm oil production in May was 4.17 million tons, lower than April's 4.48 million tons but 7.2% higher than last year [2] - As of July 1, 2025, the soybean inventory in Argentine factories was 3,515,877 tons, the soybean oil inventory was 283,900 tons, and the soybean meal inventory was 814,862 tons [2] 2. Fundamental Data Charts - Not provided 3. Views and Strategies - Internationally, the weather in the US soybean - producing areas has reduced weather - speculation sentiment, and the upcoming China - US negotiations support the market, causing a slight rebound in CBOT soybean futures. Malaysian palm oil exports have declined in July, production has increased, and the news of Indonesia's export increase in June has pushed up Malaysian palm oil futures [5] - Domestically, soybean oil inventory is rising, but the peak of South American soybean imports has passed, and there is uncertainty in future soybean supply. Palm oil inventory has slightly increased, maintaining a weak supply - demand pattern, and domestic prices follow the external market. Rapeseed oil has sufficient domestic supply, the Canadian rapeseed - growing area has good weather, ICE rapeseed futures have fallen, and rapeseed oil prices are in a range - bound decline [5][6]