菜籽系产业日报 2025-05-27 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 免责声明 间震荡，短线参与为主。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 期货收盘价(活跃合约):菜籽油(日,元/吨) | 9444 | 62 期货收盘价(活跃合约):菜籽粕(日,元/吨) | 2599 | 33 | | 期货市场 | 菜油月间差(9-1):(日,元/吨) 主力合约持仓量:菜油(日,手) | 182 353590 | -16 菜粕月间价差(9-1)(日,元/吨) 27423 主力合约持仓量:菜粕(日,手) | 252 615879 ...

Report Industry Investment Rating No relevant content provided. Core Views - Palm oil: There are still risks in the producing areas, and it is oscillating to find the bottom [2][6]. - Soybean oil: The driving force of the soybean system is weak, and it is oscillating within a range [2][6]. - Soybean meal: The U.S. soybeans were closed overnight, and the Dalian soybean meal is oscillating [2][15]. - Soybean: The futures price is oscillating weakly [2][15]. - Corn: It is oscillating [2][18]. - Sugar: It is oscillating in a narrow range [2][22]. - Cotton: The demand fails to meet expectations, and the cotton price has dropped slightly [2][27]. - Eggs: Wait for the verification of culling after the Dragon Boat Festival [2][32]. - Pigs: Passive inventory accumulation has formed, and a trend reverse spread strategy is adopted [2][34]. - Peanuts: Focus on the spot market [2][38]. Summary by Related Catalogs Palm Oil and Soybean Oil - **Fundamental Tracking**: The closing price of the palm oil main contract was 7,954 yuan/ton during the day session, down 0.65%, and 7,982 yuan/ton during the night session, up 0.35%. The closing price of the soybean oil main contract was 7,704 yuan/ton during the day session, down 0.90%, and 7,714 yuan/ton during the night session, up 0.13% [6]. - **Macro and Industry News**: From May 1 - 25, 2025, Malaysia's palm oil production increased by 0.73%. Exports from May 1 - 25 increased by 7.3% (AmSpec) and 34.71% (SGS) compared to the same period last month. Datagro expects Brazil's 2024/25 soybean production to reach 1.72 billion tons [7][9][10]. - **Trend Intensity**: The trend intensity of palm oil and soybean oil is 0 [13]. Soybean Meal and Soybean - **Fundamental Tracking**: The closing price of DCE soybean 2507 was 4,144 yuan/ton during the day session, down 1.22%, and 4,137 yuan/ton during the night session, down 0.53%. The closing price of DCE soybean meal 2509 was 2,950 yuan/ton during the day session, unchanged, and 2,956 yuan/ton during the night session, up 0.31% [15]. - **Macro and Industry News**: The U.S. market was closed on Monday due to a public holiday. Datagro raised Brazil's soybean production forecast to a record 1.72 billion tons [17]. - **Trend Intensity**: The trend intensity of soybean meal is 0, and that of soybean is -1 (only referring to the price fluctuation of the main contract during the day session on the reporting day) [17]. Corn - **Fundamental Tracking**: The closing price of C2507 was 2,318 yuan/ton during the day session, down 0.39%, and 2,322 yuan/ton during the night session, up 0.17%. The closing price of C2509 was 2,344 yuan/ton during the day session, down 0.34%, and 2,348 yuan/ton during the night session, up 0.17% [19]. - **Macro and Industry News**: The northern corn collection price was 2,260 - 2,280 yuan/ton (new crop listing), and the price in Guangdong Shekou was 2,370 - 2,390 yuan/ton [20]. - **Trend Intensity**: The trend intensity of corn is 0 [21]. Sugar - **Fundamental Tracking**: The raw sugar price was 17.31 cents/pound, down 0.07%. The mainstream spot price was 6,140 yuan/ton, down 10 yuan [22]. - **Macro and Industry News**: The U.S. dollar index fell below 100 again. Brazil's crushing progress slowed down year - on - year. The USDA expects the global sugar production to increase by 4.73% in the 25/26 season [22]. - **Trend Intensity**: The trend intensity of sugar is -1 [25]. Cotton - **Fundamental Tracking**: The closing price of CF2509 was 13,385 yuan/ton during the day session, down 0.19%, and 13,285 yuan/ton during the night session, down 0.75%. The closing price of CY2507 was 19,580 yuan/ton during the day session, down 0.36%, and 19,465 yuan/ton during the night session, down 0.59% [27]. - **Macro and Industry News**: The cotton spot trading was light, and the mainstream basis remained firm. The cotton yarn market was gradually weakening, and the confidence of spinning enterprises was low [28]. - **Trend Intensity**: The trend intensity of cotton is 0 [31]. Eggs - **Fundamental Tracking**: The closing price of egg 2507 was 2,943 yuan/500 kg, down 1.01%. The closing price of egg 2509 was 3,766 yuan/500 kg, up 0.11% [32]. - **Trend Intensity**: The trend intensity of eggs is 0 [32]. Pigs - **Fundamental Tracking**: The spot price in Henan was 14,450 yuan/ton, in Sichuan was 14,200 yuan/ton, and in Guangdong was 15,340 yuan/ton. The closing price of pig 2507 was 13,260 yuan/ton, and that of pig 2509 was 13,600 yuan/ton [34]. - **Market Logic**: Passive inventory accumulation occurred in mid - to - late May. If the second - fattening policy is fully implemented, it will drive slow inventory reduction. Long - term reverse spread strategies for 7 - 1, 9 - 1, and 11 - 1 can be laid out [36]. - **Trend Intensity**: The trend intensity of pigs is 0 [35]. Peanuts - **Fundamental Tracking**: The price of Liaoning 308 general peanuts was 8,900 yuan/ton, down 100 yuan. The closing price of PK510 was 8,252 yuan/ton, down 0.75%, and that of PK511 was 8,164 yuan/ton, down 0.75% [38]. - **Spot Market Focus**: In Henan, the price of Baisha general peanuts in Huangludian was about 4.6 yuan/jin, and in Kaifeng, the price of large peanut general peanuts was about 4.3 yuan/jin. The supply in most producing areas was low, and the price was stable [39]. - **Trend Intensity**: The trend intensity of peanuts is 0 [40].

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The overall supply of the soybean market is relatively loose, with high yields in Brazil and Argentina, and smooth progress in the new - crop planting of US soybeans. The domestic soybean market also faces inventory accumulation pressure. For sugar, it is expected to show a short - term weak and volatile trend. The short - term trend of the oil market is expected to be volatile, and the corn market is expected to be stable in the short - term with strong support for futures. The pig market has short - term supply pressure, and the peanut market has limited rebound space. The egg supply is sufficient, and the apple market may be slightly weak in the short - term. The cotton market is expected to show a volatile and slightly stronger trend [3][5][10][19][28][33][37][48][52][58] 3. Summary by Related Catalogs Soybean/M粕类 - **外盘情况**: CBOT soybean index rose 0.45% to 1057.75 cents per bushel, and CBOT soybean meal index rose 0.33% to $302.2 per short ton [2] - **相关资讯**: Brazil's soybean production reached 169 million tons this year. The global rapeseed production may be about 800,000 - 900,000 tons less. Brazil launched a 28 - day avian influenza observation period. As of the week of May 23, the actual soybean crushing volume of oil mills was 2.2093 million tons, the开机率 was 62.1%, the soybean inventory increased by 9.71% week - on - week, and the soybean meal inventory increased by 20.26% week - on - week [2] - **逻辑分析**: The overall supply of the soybean market is relatively loose, and the domestic oil mills face inventory accumulation pressure [3][5] - **交易策略**: For unilateral trading, slightly allocate long positions; for arbitrage, conduct M11 - 1 positive arbitrage and expand the MRM spread; for options, adopt the strategy of selling wide - straddle options [6] Sugar - **外盘情况**: ICE US sugar fell 0.32 (1.81%) to 17.38 cents per pound [7] - **重要资讯**: The spot price of Guangxi sugar rose slightly, and the quotes of sugar - making groups in various regions decreased. The inventory in Guangxi's third - party warehouses increased year - on - year, and the destocking speed was the lowest in the same period of the past five years. The import cost of Brazilian sugar decreased, and there was import profit [8] - **逻辑分析**: Brazil is about to enter the peak crushing period, and the domestic sugar market is expected to show a weak and volatile trend [10] - **交易策略**: For unilateral trading, view it as weak and volatile; for arbitrage, adopt a wait - and - see approach; for options, sell wide - straddle options or out - of - the - money ratio spread options [11][12][13] Oil - **外盘情况**: The overnight CBOT US soybean oil main price changed by - 0.44% to 49.22 cents per pound, and the BMD Malaysian palm oil main price changed by 0.16% to 3827 ringgit per ton [15] - **相关资讯**: Malaysia's palm oil production from May 1 - 20 increased by 3.51%. Malaysia's palm oil exports from May 1 - 25 increased by 11.6% compared with the same period last month. Argentina's soybean planting area and output increased, and the soybean harvest rate was 77%. Canada's rapeseed exports increased, and the commercial inventory was 966,700 tons [16][17][18] - **逻辑分析**: Malaysian palm oil is expected to continue to increase production and accumulate inventory in May. The soybean oil inventory accumulation speed may slow down, and the rapeseed oil supply exceeds demand, but the decline space may be limited [19] - **交易策略**: For unilateral trading, the oil market is expected to be volatile in the short - term, and palm oil can be short - sold at the upper limit of the range; for arbitrage, consider expanding the YP 09 spread at low levels and going long on OI 91 at low levels; for options, adopt a wait - and - see approach [20][21][22] Corn/Corn Starch - **外盘变化**: CBOT corn futures declined, with the main contract falling 0.3% to 459.5 cents per bushel [24] - **重要资讯**: CBOT corn futures rose last week due to slow spring sowing and good export sales. The temperature in the US corn - producing states is expected to be higher than normal, and the precipitation is expected to be lower than normal. The corn inventory of major processing enterprises increased slightly. The purchase price in the northern port and the price in the North China production area were stable [25][27] - **逻辑分析**: The US corn report is stable, and the sowing speed is accelerating. The domestic corn supply is relatively small, and the spot price is relatively stable. The 07 corn contract is in a low - level shock, and the basis difference is narrowing [28] - **交易策略**: For unilateral trading, the 07 corn contract has support at around 440 cents per bushel, and long positions can be tried; for arbitrage, conduct shock operations on the corn and starch arbitrage and expand the spread at low levels; for options, those with spot can consider the strategy of accumulating put options at high prices [29][30] Pig - **相关资讯**: The pig price showed a weak trend, and the prices of piglets and sows decreased slightly. The wholesale price of pork increased [32][33] - **逻辑分析**: The enthusiasm of farmers for slaughter is still relatively high, and the short - term supply pressure still exists [33] - **交易策略**: For unilateral trading, the market is mainly in a shock operation; for arbitrage, conduct LH79 reverse arbitrage; for options, sell wide - straddle options [34] Peanut - **重要资讯**: The quotes of peanuts in various regions are relatively stable, and the arrivals and transaction prices of peanut oil mills vary. The price of peanut oil is relatively strong, and the sales of peanut meal are average. The peanut inventory of sample enterprises increased slightly, and the peanut oil inventory decreased slightly [35][36] - **逻辑分析**: The spot trading volume of peanuts is still small, the import volume has decreased significantly, the downstream consumption is still weak, but the large - scale oil mills' purchases have boosted the market. The 10 - contract peanut is short - term strong, but the rebound space is limited [37] - **交易策略**: For unilateral trading, adopt a wait - and - see approach for the 10 - contract peanut; for arbitrage and options, adopt a wait - and - see approach [38][39][40] Egg - **重要资讯**: The average price of eggs in the main production areas decreased, and the price in the main sales areas also decreased. The inventory of laying hens increased, the egg - chick hatching volume increased, the slaughter volume of laying hens increased, the egg sales volume increased, the inventory in the production and circulation links decreased, and the egg - raising profit increased [43][44][45] - **交易逻辑**: The overall egg supply is still sufficient, and it is recommended to close the previous short positions and wait and see [48] - **交易策略**: No specific strategies provided in the text Apple - **重要资讯**: The apple inventory in cold storage decreased, the export volume increased, the import volume increased significantly, the market destocking speed slowed down, the terminal demand decreased slightly, the new - season apple is entering the bagging stage, and the precipitation in the western region has alleviated the drought to some extent. The spot price is expected to be stable in the short - term, and the storage profit has increased [49][50][51] - **交易逻辑**: The apple market is in the peak of weather - related trading. The market may revise the previous pessimistic expectations, and the spot market sales have slowed down, but the low inventory has a certain supporting effect on the price [52] - **交易策略**: For unilateral trading, short positions can consider closing the positions and waiting and seeing, and then build long positions at low levels for the AP10 contract; for arbitrage, go long on the 08 contract and short the 09 contract; for options, adopt a wait - and - see approach [50][53] Cotton - Cotton Yarn - **外盘影响**: ICE US cotton rose 0.39 (0.59%) to 66.06 cents per pound [54] - **重要资讯**: As of May 18, the US cotton planting rate was 40%, slower than the same period last year and the five - year average. The drought in the US main production areas has been alleviated. The weekly signing volume of US upland cotton increased, and the weekly shipping volume decreased. The number of un - priced contracts of ICE cotton decreased [55][56][57] - **交易逻辑**: The market fundamentals change little, and the Zhengzhou cotton market is expected to show a volatile and slightly stronger trend under the influence of the macro - level [58] - **交易策略**: For unilateral trading, the US cotton is expected to be slightly stronger in a volatile trend, and the Zhengzhou cotton is expected to be stronger in a volatile trend; for arbitrage and options, adopt a wait - and - see approach [59][60]

豆粕、豆油 期货品种周报 01 P A R T 豆粕期货 2025.05.26-05.30 Contents 01 中线行情分析 02 品种交易策略 03 相关数据情况 目录 中线行情分析 中线趋势来看，豆粕主力处于宽幅震荡的阶段。 中线趋势判断 1 趋势判断逻辑 品种交易策略 n 上周策略回顾 豆粕期价整体趋势处于下行通道中,资金方面略微偏空。供 应宽松格局下预计M2509短期内弱势震荡，运行区间：2850- 3000，可考虑区间操作。 n 本周策略建议 豆粕期价整体趋势横盘阶段,资金方面较为偏多。短期内M2509 预计宽幅震荡整理，运行区间：2850-3000，可考虑区间操作。 品种诊断情况 据Mysteel数据：第20周油厂大豆实际压榨量190.55万吨，开机率为 53.56%。大豆库存586.83万吨，较上周增加51.92万吨，增幅9.71%；豆 粕库存12.17万吨，较上周增加2.05万吨，增幅20.26%。巴西大豆收割接 近尾声，出口高峰叠加国内大豆到港量攀升，油厂压榨率持续回升，供 应宽松预期明确。然而，豆粕累库节奏速度较慢且阿根廷洪涝灾害引发 的减产担忧提振市场情绪，为价格注入阶段性支撑。综合 ...

Core Insights - The Bloomberg Grain Index has increased by 2.61% this week, closing at 31.4047 points on Friday, May 23, with a continuous rise from May 20 to 21 and slight fluctuations at high levels on May 22 to 23 [1] Summary by Category Corn Market - CBOT corn futures have risen by 3.49%, reaching $4.59 per bushel, with a consistent increase from May 19 to 22 and a slight decline on May 23 [1] Wheat Market - CBOT wheat futures have increased by 3.52%, closing at $5.4350 per bushel, with gains observed on May 20 to 21 and a minor retreat on May 22 to 23 [1] Soybean Market - CBOT soybean futures have seen a rise of 1.02%, closing at $10.6075 per bushel, while soybean meal futures increased by 1.44% and soybean oil futures rose by 0.59% [1]

油脂震荡、白糖下挫 一、农产品板块综述 油脂板块先扬后抑,马棕油产量和出口环比皆增加,但产量增幅 大于出口增幅,库存有增加预期,加之原油走软削弱棕榈油生柴吸引 力,棕榈油反弹空间受限,后市或偏弱运行。白糖受外盘跌势拖累而 下挫,国内进口糖利润窗口打开,后市到港量或将增大,对白糖带来 潜在供应压力,糖价短期或偏弱波动。生猪持续下跌,标肥价差倒挂, 中大猪产能释放,天气升温后猪肉需求转弱,施压猪价下跌,弱势料 持续。 二、品种策略跟踪 (一) 棕榈油:先扬后抑,震荡偏弱 焦点关注:棕榈油主力 2509 合约先扬后抑,收长影线小阳,行 情震荡,弱势未变: 1.原油走软削弱棕榈油生柴吸引力,马来西亚棕榈油产量和出口 数据环比增长,南部半岛棕榈油压榨商协会(SPPOMA)和 MPOA 发 布的高频数据显示,5月1-20日马来西亚棕榈油产量环比增长3.72% 和 3.51%,而出口亦增长,相关检验机构高频数据显示 5月1-20 日 马来西亚棕榈油出口量环比增加 1.55%和 1.53%。产量增幅大于出口 增幅,棕榈油库存有增加预期,棕油期价反弹受限,震荡回落。 2.国内棕榈油进口成本下行,买船量增加且已超过刚需,棕榈油 ...

Group 1 - The article discusses various tools and reports designed to assist users in observing and analyzing futures market opportunities across different commodities [11] - It highlights the importance of macroeconomic perspectives in identifying arbitrage opportunities within the futures market [11] - The article outlines different stages of trading, including research, pre-trading, trading, and post-trading, with specific tools available for each stage [11] Group 2 - The tools mentioned include volatility observation tools, cross-commodity arbitrage tools, and trading plan templates, catering to varying levels of user expertise [11] - The article emphasizes the need for real-time market data for effective utilization of the advanced tools [11] - It also mentions the availability of reports that summarize daily market trends and anomalies, aiding in post-trade analysis [11]

| 品种 | 核心观点 | 主要逻辑及投机支撑阻力 | | --- | --- | --- | | 豆粕 | 短线反弹 | 南美大豆产量基本确定，美豆种植开启，进度远高于去年及五年均值，且未来十五 | | | | 天降雨充沛缺乏天气炒作，按照 CPC 月度展望来看，6 月降雨天气展望顺利。国内 | | | | 方面，国内港口及油厂大豆持续累库，随着开机率上升，豆粕供应将逐步缓解，逐 | | | | 步进入累库周期。饲料企业库存偏低，存在补库需求。5 月豆粕累库速度预计较为 | | | | 缓和。5-7 月月均进口预估 1000 万吨以上，供应有逐步增加趋势。中美贸易缓和利 | | | | 空豆粕，但由于 23%的关税依然存在，美豆暂无性价比，对豆粕价格实际利空影响 | | | | 有限。5 月美农报告偏利多。阿根廷暴雨导致收割延迟，减产担忧提振市场看多情 | | | | 绪，但实际减产预计有限。豆粕前日延续反弹，但短期空头格局依然占据主导，整 | | | | 体基本面偏空，看多暂以技术性反弹对待，也可以关注反弹后的短空机会。主力 | | | | 【2890，2960】 | | 菜粕 | 短线反弹 | 截止本周 ...

Group 1: Report Industry Investment Ratings - All three industries (cotton, sugar, and pulp) are rated as "Neutral" [2][5][8] Group 2: Core Views of the Report - For cotton, although the market sentiment has improved due to the substantial progress in Sino-US negotiations, the actual tariff on textile and clothing exports to the US remains high, and there are many uncertainties. The global cotton supply and demand balance sheet needs adjustment, and the domestic cotton industry is in the off - season with limited upside potential for cotton prices [1][2] - For sugar, the international market expects a surplus in the 25/26 sugar season. The domestic sugar price is supported in the short - term but faces pressure from potential future imports. The overall trend of Zhengzhou sugar follows the international sugar price [3][4][5] - For pulp, the improvement in macro - sentiment boosts pulp prices, but the off - season is approaching, and the terminal demand is pessimistic. The pulp price is expected to remain in a low - level oscillation [7][8] Group 3: Summary by Related Catalogs Cotton Market News and Important Data - Futures: The closing price of the cotton 2509 contract yesterday was 13,430 yuan/ton, a change of - 10 yuan/ton (- 0.07%) from the previous day. - Spot: The Xinjiang arrival price of 3128B cotton was 14,539 yuan/ton, a change of + 52 yuan/ton; the national average price was 14,621 yuan/ton, a change of + 54 yuan/ton [1] - Retail data: In April 2025, the retail sales of clothing, footwear, and textiles were 108.8 billion yuan, a year - on - year increase of 2.2% and a month - on - month decrease of 12.26%. From January to April, the cumulative retail sales were 493.9 billion yuan, a year - on - year increase of 3.1% [1] Market Analysis - Macro: Sino - US negotiations have made substantial progress, but the actual tariff on textile and clothing exports to the US is still high, and there is tariff policy uncertainty. - International: USDA has adjusted the 25/26 global cotton supply and demand balance sheet, but there are many uncertainties. The drought in the US cotton - producing areas has improved. - Domestic: The cotton - planting area in the new year is stable with a slight increase. The inventory is being depleted, and the demand has not dropped sharply, but it is in the off - season, and the negative impact of tariffs has not been fully reflected [1] Strategy - The short - term cotton price is supported by improved market sentiment but has limited upside potential due to the off - season and high tariffs [2] Sugar Market News and Important Data - Futures: The closing price of the sugar 2509 contract yesterday was 5855 yuan/ton, a change of - 8 yuan/ton (- 0.14%) from the previous day. - Spot: The sugar spot price in Nanning, Guangxi was 6160 yuan/ton, a change of + 10 yuan/ton; in Kunming, Yunnan, it was 5980 yuan/ton, a change of + 10 yuan/ton [3] - Shipping data: As of the week of May 21, the number of ships waiting to load sugar at Brazilian ports decreased, and the amount of sugar waiting to be shipped decreased by 372,100 tons (10.57%) compared to the previous week [3] Market Analysis - International: Although the sugar production in the central - southern part of Brazil in the second half of April was lower than expected, international institutions are optimistic about the supply in the 25/26 season, and the sugar price is under pressure. - Domestic: The domestic sugar sales data are positive, and the short - term import volume is limited, but the long - term import pressure may increase, and the sugar price may follow the international price [4][5] Strategy - The overall trend of Zhengzhou sugar follows the international sugar price, and attention should be paid to the Brazilian sugar production and domestic import rhythm [5] Pulp Market News and Important Data - Futures: The closing price of the pulp 2507 contract yesterday was 5426 yuan/ton, a change of + 6 yuan/ton (+ 0.11%) from the previous day. - Spot: The spot price of Chilean Silver Star softwood pulp in Shandong was 6285 yuan/ton, a change of - 15 yuan/ton; the price of Russian softwood pulp was 5425 yuan/ton, a change of - 15 yuan/ton [5] - Market price: The spot price of imported wood pulp decreased slightly, and the high - price transactions of imported hardwood pulp were weak [6] Market Analysis - Macro: The "reciprocal tariff" policy is volatile, but the Sino - US negotiation progress has improved the market sentiment. - Supply: The foreign quotation has decreased, and the inventory is at a high level. - Demand: The European demand has not improved significantly, and the domestic downstream demand is weak and may continue to decline in the off - season [7] Strategy - The pulp price is expected to remain in a low - level oscillation due to the improvement in macro - sentiment and the pessimistic terminal demand [8]

农产品日报 | 2025-05-23 现货购销转好，豆粕宽幅震荡 粕类观点 市场要闻与重要数据 期货方面，昨日收盘豆粕2509合约2939元/吨，较前日变动+5元/吨，幅度+0.17%；菜粕2509合约2562元/吨，较前 日变动+10元/吨，幅度+0.39%。现货方面，天津地区豆粕现货价格2960元/吨，较前日变动+0元/吨，现货基差M09+21， 较前日变动-5；江苏地区豆粕现货2880元/吨，较前日变动+20元/吨，现货基差M09-59，较前日变动+15；广东地区 豆粕现货价格2900元/吨，较前日变动跌+10元/吨，现货基差M09-39，较前日变动+5。福建地区菜粕现货价格2540 元/吨，较前日变动+60元/吨，现货基差RM09-22，较前日变动+50。 近期市场资讯，巴西二季玉米收获工作即将全面展开，二季玉米产量占到巴西玉米总产量的75%。咨询机构 AgroConsult预计，2024/25年度巴西二季玉米产量将达到创纪录的1.129亿吨，较上年增长10.5%；预计种植面积为 1790万公顷，比上年度增加100万公顷或6.1%；预计2024/25年度巴西玉米总产量达到1.4亿吨。咨询机构SovEc ...