（来源：中华粮网） 来源：中华粮网 来源：博易大师 据估计，加上此次采购，自10月下旬以来，中国已采购大约350万吨美国大豆，约占1200万吨采购目标 的30%。 从价格看，美湾装运的大豆价格比芝加哥期货交易所（CBOT）1月大豆期价高出约2.3美元/蒲，从太平 洋西北港口装运的大豆溢价为2.2美元/蒲；而巴西大豆比CBOT的1月大豆高出1.8美元/蒲。鉴于美国大 豆价格明显高于巴西供应，意味着商业压榨缺乏财务可行性，表明此次采购受到政治因素驱动。 美国农业部周三未在单日报告系统中确认这些销售。交易员预计，在周四美国感恩节假期（政府和市场 休市）之后，美国农业部将于周五确认这些销售。 分析师指出，商业买家将继续避免进口美国大豆，因为美国大豆价格仍然高于巴西大豆，因此压榨美国 大豆缺乏吸引力。因此本次大规模采购主要由国有贸易商推动，旨在稳定双边贸易关系，而非纯粹的商 业逐利行为。 美国农业部数据显示，在此次大额采购之前，中粮集团（COFCO）自10月底两国领导人举行会谈以 来，已经订购近200万吨美国大豆。尽管如此，这一累计量仍明显低于白宫此前宣称的中国将在年内采 购1200万吨的目标，由于美豆溢价高企，市场对 ...

2025/11/27 | 指标 | | 11月26日 | 涨跌 | 升贴水 | 对主力基差 | | --- | --- | --- | --- | --- | --- | | | 锦州港平舱价 | 2290 | 20 | 0 | 56 | | | 鲅鱼圈港平舱价 | 2275 | 25 | 0 | 41 | | | 蛇口港市场价 | 2460 | 30 | | | | | 黑龙江省-哈尔滨 | 2050 | 0 | -195 | 11 | | | 黑龙江省-绥化 | 2030 | 0 | -195 | -9 | | | 吉林省-长春 | 2130 | 0 | -130 | 26 | | | 辽宁省-沈阳 | 2200 | 30 | -80 | 46 | | | 辽宁省-铁岭 | 2180 | 20 | -80 | 26 | | 玉米现货 | | | | | | | | 内蒙古-通辽 | 2160 | 0 | -100 | 26 | | | 内蒙古-赤峰 | 2150 | 0 | -100 | 16 | | | 河北省-邯郸 | 2210 | 0 | I | - | | | 河北省-石家庄 | 2210 | 0 ...

Core Viewpoint - The soybean futures market is experiencing a downward trend, with the main contract reported at 4093.00 yuan/ton, reflecting a decrease of 0.58% [1] Group 1: Market Data - Brazil's soybean export volume for November is projected to be 4.4 million tons, down from the previous forecast of 4.71 million tons [2] - As of November 21, the deliverable soybean inventory at CBOT was 18.441 million bushels, an increase of 2.54% from the previous week and a significant rise of 68.12% compared to the same period last year [2] Group 2: Institutional Insights - Nanhua Futures reports that the domestic soybean spot market remains stable, with prices holding steady and limited changes. The selling pressure from the Northeast region is noticeably dispersed, and high-quality soybeans are being withheld from sale, maintaining strong prices. Market participants are cautious about high-price purchases, leading to slow circulation of goods [3] - Guotou Anxin Futures notes that domestic soybean prices are fluctuating, with a rebound followed by a pullback. The current spot market prices are stable, and there is a strong willingness among market participants to maintain prices. The tightening supply of high-protein soybeans is creating optimistic expectations, which is positively influencing the overall soybean market [3]

Core Insights - The "Encountering a Good Time: Beginning and Ending" investment promotion conference for the agricultural, cultural, and tourism industry in Shapotou District, Zhongwei City, was held on November 25, attracting nearly 200 representatives from cultural tourism, agriculture, and trade enterprises from Fujian and Ningxia [1][3]. Group 1: Event Highlights - The "Pohao" themed exhibition area became the focal point, showcasing intangible cultural heritage and creative products such as sand paintings, Yellow River porcelain, and beach sheep blankets, reflecting the rich cultural heritage of Shapotou [2]. - The "Pohao Food" section featured local delicacies like hand-grabbed lamb and mugwort noodles, conveying the strong flavors of Northwest China [2]. - The "Pohao Products" area displayed high-quality agricultural products, including Shapotou dry apples, honeysuckle, and red wine, highlighting regional characteristics [2]. - An immersive experience zone recreated desert camping, showcasing innovative practices in the integration of agriculture, culture, tourism, and commerce in Shapotou [2]. Group 2: Strategic Collaborations - Multiple cooperation agreements were signed during the event between the Shapotou District People's Government and several Fujian enterprises, covering areas such as co-construction of cultural tourism projects, agricultural product sales connections, and joint brand promotion [7]. - The collaboration model of "Fujian Enterprises + Shapotou Resources" and "Fujian Headquarters + Shapotou Base" was further expanded, injecting new momentum into industrial synergy and consumer interaction between the two regions [7]. - The event emphasized the long-standing friendship and cooperation between Fujian and Ningxia, with a focus on enhancing the business environment and welcoming deeper participation from Fujian businesses in local cultural tourism development and agricultural upgrades [5].

从深圳海关获悉，截至今年10月，深圳关区AEO（经认证的经营者）企业达530家，其中集团式认证企 业占比超34%，涵盖电子制造、跨境物流、农产品贸易等深圳特色优势产业。深圳海关创新推行的集团 式AEO认证模式，是以集团核心企业为支点，借助集团内部管理互通、信息互通、人员互通的优势， 为旗下子公司提供"定制化"培育方案，形成AEO认证的群体效应。 ...

Core Viewpoint - The U.S. soybean trade with China is proceeding as planned, despite previous disruptions due to tariffs and trade tensions, highlighting the importance of the Chinese market for U.S. farmers and traders [1]. Group 1: U.S.-China Soybean Trade - U.S. Treasury Secretary Becerra stated that the soybean trade between the U.S. and China is "on track" during an interview, indicating a positive outlook for this sector [1]. - A shipping schedule revealed that two vessels departed for New Orleans to load the first batch of soybeans exported to China since May, marking a significant development after months of inactivity in orders from China [1]. - The U.S. soybean industry has faced significant losses, with U.S. farmers and grain traders waiting for the resumption of exports to China, which is crucial for their livelihoods [1]. Group 2: Economic Context - Becerra addressed the impact of inflation and the trade war on American farmers, emphasizing that the soybean trade is a core issue for the Trump administration [1]. - The U.S. Soybean Association's president highlighted the urgency for strong market opportunities, noting that the current order volume from China has been zero during the harvest season [1].

Group 1 - A batch of pomelos imported from Thailand arrived at Chongqing Jiangbei International Airport, benefiting from a dedicated "green channel" for fresh goods, allowing for efficient customs clearance [1] - Chongqing Shuangfu International Agricultural Trade City has become a key hub for agricultural product circulation, with ASEAN fruits accounting for approximately 80% of the total imported fruit volume and a transaction value of 2.5 billion yuan, reflecting a year-on-year growth of over 25% [1] - Chongqing Shanghao Agricultural Products Co., Ltd. has established a processing plant in Thailand, achieving direct sourcing and standardized processing, with a processing volume of 2,000 containers of Thai durians in the first ten months of the year, a 20% increase year-on-year [1] Group 2 - Chongqing Dejia Meat Technology Development Co., Ltd. has begun exporting canned pork, poultry, beef, lamb, and egg products to Singapore after passing the regional access certification from Singapore's regulatory system [2] - The ASEAN region has been a key target market for companies, with plans to participate in food exhibitions to secure more international orders [2] - The trade volume of agricultural and food products between China and ASEAN reached 51.3 billion USD in the first ten months of the year, showing a year-on-year increase of 8.9% [2]

环球网消息，英国路透社援引其看到的一份航运时间表披露，两艘货轮已于11月24日驶往美国南部路易 斯安那州新奥尔良附近的粮食港口码头，将装载自5月以来美国向中国出口的首批大豆；另有一艘货轮 正前往得克萨斯州墨西哥湾沿岸一个粮食码头，将在未来几天装载自3月中旬以来首批运往中国的高 粱。 2021年10月收获季期间，在美国俄亥俄州，一批大豆被倾倒进料斗。 图源：外媒报道配图 事关中美大豆贸易，中国商务部新闻发言人何亚东9月25日曾表示，美方应采取积极行动，取消相关不 合理关税，为扩大双边贸易创造条件，也为全球经济发展注入更多稳定性、确定性。 中美双方10月25日至26日在马来西亚吉隆坡举行经贸磋商，双方就扩大农产品贸易等问题达成共识。商 务部新闻发言人何亚东11月13日在回应"美方称中国同意购买美国大豆"相关问题时再次表示，近日，商 务部已就中美吉隆坡经贸磋商联合安排发布相关消息，介绍了磋商达成的主要成果共识，其中包括农产 品贸易。中国是全球农产品贸易的重要参与者，将继续秉持开放合作的态度，与全球贸易伙伴持续深化 互利合作，共同维护开放、稳定、可持续的全球贸易体系。 原标题：外媒：三艘货轮已驶往美国沿岸码头，将装载 ...

【环球网报道 记者 闫珮云】英国路透社援引其看到的一份航运时间表披露，两艘货轮已于11月24日驶 往美国南部路易斯安那州新奥尔良附近的粮食港口码头，将装载自5月以来美国向中国出口的首批大 豆；另有一艘货轮正前往得克萨斯州墨西哥湾沿岸一个粮食码头，将在未来几天装载自3月中旬以来首 批运往中国的高粱。 事关中美大豆贸易，中国商务部新闻发言人何亚东9月25日曾表示，美方应采取积极行动，取消相关不 合理关税，为扩大双边贸易创造条件，也为全球经济发展注入更多稳定性、确定性。 中美双方10月25日至26日在马来西亚吉隆坡举行经贸磋商，双方就扩大农产品贸易等问题达成共识。商 务部新闻发言人何亚东11月13日在回应"美方称中国同意购买美国大豆"相关问题时再次表示，近日，商 务部已就中美吉隆坡经贸磋商联合安排发布相关消息，介绍了磋商达成的主要成果共识，其中包括农产 品贸易。中国是全球农产品贸易的重要参与者，将继续秉持开放合作的态度，与全球贸易伙伴持续深化 互利合作，共同维护开放、稳定、可持续的全球贸易体系。 路透社提到，数月以来，中国未下任何订单，损失数十亿美元的美国农民和粮食贸易商一直在等待对华 出口恢复。美大豆协会主席拉格 ...

（来源：每日粮油） 来源：每日粮油 关注每日粮油，了解全球市场动态。 据每日粮油收到的最新消息显示，上周美国农业部报告累计向中国销售158.4万吨美国大豆，为2023年 11月以来最大的单周销售总量，但这并未对芝加哥大豆价格带来更多利好支撑。 据悉，此前中美在韩国会谈后，美国官方曾表示，中国会在未来两个月内，即11月12月两个月内采购 1200万吨美国大豆，但截至目前为止包括市场传闻数据及美国农业部确认数据，仅有200-300万吨数 量，与美国官方预期数据相差巨大。 此外，近期中国和巴西之间也正在达成一份新的大豆合作协议。 作为巴西大豆的最大采购国，2024年3月中国食品、土畜产商会与马托格罗索州大豆和玉米生产者协会 世界资源研究所三方开始共同研究起草《中巴可持续大豆供应链指南》。 但就在近期市场爆出，在指南撰写过程中，马托格罗索州大豆和玉米生产者协会表示，《森林法典》唯 一被巴西法律认可的农地社会与环境合规性验证工具，相较而言，《大豆禁令协议》是一个没有法律基 础的私营机制，会导致贸易扭曲。 这意味着，一旦《中巴可持续大豆供应链指南》获得公布，中巴两国大豆贸易对"合法大豆"的界定方式 将获得确认，令市场上对 ...