Report Industry Investment Rating - No information provided in the content Core Viewpoints - The report presents a comprehensive overview of the futures market, including overnight and spot prices, important fundamental information, macro news, fund flows, and arbitrage tracking. It covers various commodities such as soybeans, palm oil, and crude oil, as well as international and domestic economic and political events that may impact the market. Summary by Relevant Catalogs Overnight行情 - Overnight closing prices and percentage changes are reported for various futures contracts, including palm oil, Brent crude, and soybeans. Currency exchange rates and their percentage changes are also provided [1]. Spot行情 - Spot prices, basis, and basis changes for DCE palm oil, DCE豆油, and DCE豆粕 are presented for different regions [2]. Important Fundamental Information 产区天气 - Rain is expected in central and southern Brazil this week, which is beneficial for soybean crops. In Argentina, soybean sowing is expected to accelerate this month, but long - term weather may turn dry [5]. 国际供需 - Sabah in Malaysia is the biggest beneficiary of the oil palm replanting financing incentive plan, receiving 61 million Malaysian ringgit in grants. The US EPA will decide on small refineries' exemption applications. Brazilian soybean sowing progress and Canadian rapeseed export data are also reported [7][8]. 国内供需 - On November 7, the total trading volume of soybean oil and palm oil decreased. The trading volume of soybean meal increased, and the oil mill's operating rate decreased. China's soybean and edible vegetable oil import data are provided, along with pig - raising profits and agricultural product price indices [11][12]. Macro要闻 国际要闻 - The US Senate failed to pass a motion on a federal employee appropriation bill, and the government "shutdown" persists. US consumer confidence and inflation expectations are reported [15]. 国内要闻 - The US dollar/Chinese yuan exchange rate decreased, and the central bank conducted reverse repurchase operations with a net withdrawal of funds. China's CPI and foreign trade data are reported, and the import qualification of US soybean enterprises is restored [17][18]. 资金流向 - On November 7, 2025, the futures market had a net capital outflow of 1.017 billion yuan, with different flows in commodity, stock index, and bond futures [21]. 套利跟踪 - No specific information provided in the content

Group 1: Industry Information - The US Environmental Protection Agency will decide on the biofuel exemption applications of 16 small refineries on Friday, aiming to clear the backlog of such applications during President Joe Biden's tenure. Earlier this year, the EPA approved 140 applications partially or fully and rejected 28, with 20 still under review, including 11 for the 2025 compliance year [1] - From January to October 2025, China's soybean imports were 9,568.2 million tons, a year-on-year increase of 6.4%, and the edible vegetable oil imports were 555.0 million tons, a year-on-year decrease of 6.9%. In October, soybean imports were 948.2 million tons, and edible vegetable oil imports were 54.0 million tons [1] - Starting from November 10, 2025, China's General Administration of Customs restored the soybean export qualifications to China of 3 US companies including CHS Inc. [1] Group 2: Price Information - 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 from November 3 - 7, 2025, are provided. For example, on November 3, the prices were 2990, 2600, 8350, 8570, and 9850 respectively [4]

Core Points - The White House has completed its review of the Environmental Protection Agency's (EPA) biofuel blending regulations proposal [1] Group 1 - The review signifies a step forward in the regulatory process for biofuels, which may impact the renewable energy sector [1] - The completion of the review could lead to new guidelines that affect biofuel production and usage in the United States [1] - This action reflects the administration's commitment to environmental policies and renewable energy initiatives [1]

Core Viewpoint - The U.S. Environmental Protection Agency (EPA) has submitted proposed regulations for biofuel blending volumes starting in 2026 for White House review [1] Group 1 - The proposed regulations aim to establish specific blending volumes for biofuels, which could impact the renewable energy sector significantly [1] - The submission to the White House indicates a step towards formalizing the biofuel blending requirements, which may influence market dynamics and investment opportunities in the biofuel industry [1]