Report Investment Ratings - **Buy with Caution**: Soybean Meal, Rapeseed Meal, Rapeseed Oil, Corn, and Live Pigs [1] - **Hold for Observation**: Soybean, Egg [1] - **Buy Opportunistically**: Soybean Oil and Palm Oil [1][4] Core Views - Short - term focus on weather, policies, and import soybean performance for domestic soybeans; cautiously optimistic about the soybean meal market; consider buying soybean and palm oil at low prices; maintain the judgment of short - term rebound in rapeseed futures prices; and expect Dalian corn futures to continue to be weak at the bottom [2][3][4][6][7] Summary by Category Soybean - Domestic soybean prices recovered quickly after a sharp drop, with a provincial reserve rotation auction of 0.65 tons this Friday. The weather is generally favorable for growth, and the price gap with imported soybeans has rebounded. In the US, soybean pod numbers in some states are positive, and the US Soybean Association urges to reopen the Chinese market [2] Soybean & Soybean Meal - The latest good - to - excellent rate of US soybeans is 68%, higher than expected. Future weeks may see less rain in the US. Domestically, soybean meal spot prices have risen, and the supply of imported beans in the fourth quarter is uncertain. The market is cautiously optimistic about soybean meal [3] Soybean Oil & Palm Oil - US crop inspections show positive soybean pod numbers. The market is worried about bio - fuel exemptions in the US, which has pressured soybean oil prices. Domestically, soybean and palm oil have seen a position - reducing correction. Consider buying at low prices in the long - term [4] Rapeseed Meal & Rapeseed Oil - Rapeseed meal is in a weak rebound, and rapeseed oil has fallen with the vegetable oil sector but with the smallest decline. The supply of Australian rapeseed is tight before the new crop arrives in November. A rapeseed oil trading event involving 4574 tons will be held this Friday [6] Corn - As of August 19, 15 auctions of imported corn by Sinograin totaled about 347.6 tons, with a low成交 rate of 36.38%. New - season Xinjiang corn has affected market expectations, and Dalian corn futures may continue to be weak [7] Live Pigs - Live pig futures have weakened with increased positions. Spot prices are slightly stronger, but secondary fattening is cautious. The supply of live pigs is expected to be high in the second half of the year. It is recommended to hedge at high prices [8] Eggs - Egg futures have rebounded slightly, while spot prices are weak. In the medium - term, high production capacity may lead to price drops. Short - term attention should be paid to capital and seasonal factors [9]