Report Summary 1. Investment Ratings The report does not provide an overall industry investment rating. 2. Core Views - Palm oil: With the repeated macro - sentiment, it is advisable to build long positions at low levels [2]. - Soybean oil: It will fluctuate at a high level, and attention should be paid to the Sino - US trade agreement [2]. - Soybean meal: Due to good exports and the rise of US soybeans, the Dalian soybean meal may follow and rebound [2]. - Soybean: During the position transfer period, the market will fluctuate [2]. - Corn: It will operate weakly [2]. - Sugar: It is in an oscillation period [2]. - Cotton: It will fluctuate in a narrow range [2]. - Eggs: There is a rebound sentiment in the spot market [2]. - Pigs: The trading volume is poor, and the reverse spread strategy should be maintained [2]. - Peanuts: Attention should be paid to the weather in the producing areas [2]. 3. Summary by Commodity Palm oil - **Fundamentals**: The closing price of the palm oil main contract was 8,950 yuan/ton during the day session with a decline of 0.22%, and 9,012 yuan/ton at night with an increase of 0.69%. The trading volume decreased by 112,797 hands, and the open interest decreased by 27,119 hands. The spot price in Guangdong increased by 50 yuan/ton, and the basis was 50 yuan/ton [4]. - **News**: Malaysian palm oil giant SD Guthrie Berhad expects the crude palm oil price to stabilize at around 4,000 ringgit per ton for the rest of the year, supported by Indonesia's biodiesel policy [5][6]. Soybean oil - **Fundamentals**: The closing price of the soybean oil main contract was 8,406 yuan/ton both during the day and at night, with no change. The trading volume increased by 51,881 hands, and the open interest decreased by 49,208 hands. The spot price in Guangdong increased by 50 yuan/ton, and the basis was 264 yuan/ton [4]. - **News**: As of July 31, 2025, the net increase in US soybean oil export sales was 0.7 million tons, meeting expectations [10]. Soybean meal - **Fundamentals**: The closing price of DCE soybean meal 2509 was 3,031 yuan/ton during the day with an increase of 0.13%, and 3,036 yuan/ton at night with an increase of 0.53%. The trading volume of soybean meal in the main producing areas was 9.6 million tons per day, and the inventory was 97.76 million tons per week [15]. - **News**: On August 7, CBOT soybeans rose due to strong export sales data. As of July 31, 2025, the net sales volume of US soybeans in the 2024/25 and 2025/26 fiscal years exceeded expectations [17]. Corn - **Fundamentals**: The closing price of C2509 was 2,267 yuan/ton during the day with an increase of 0.53%, and 2,260 yuan/ton at night with a decrease of 0.31%. The trading volume decreased by 44,239 hands, and the open interest decreased by 37,908 hands. The spot price in Jinzhou decreased by 10 yuan/ton [18]. - **News**: The northern corn collection price remained stable, and the Northeast enterprise corn price declined slightly [19]. Sugar - **Fundamentals**: The raw sugar price was 16.03 cents per pound, the mainstream spot price was 5,950 yuan/ton, and the futures main - contract price was 5,667 yuan/ton [21]. - **News**: Brazil's central - southern sugarcane crushing progress accelerated, and India's monsoon precipitation was higher than the long - period average. CAOC predicted the domestic sugar production, consumption, and import volume for the 24/25 and 25/26 fiscal years [21][22]. Cotton - **Fundamentals**: The closing price of CF2601 was 13,835 yuan/ton during the day with a decrease of 0.11%, and 13,825 yuan/ton at night with a decrease of 0.07%. The trading volume decreased by 52,459 hands, and the open interest decreased by 2,804 hands. The spot price of cotton in most regions changed slightly [25]. - **News**: The domestic cotton spot trading was sluggish, and the ICE cotton futures fell due to the rising US dollar and weak new - crop exports [26][27]. Eggs - **Fundamentals**: The closing price of egg 2509 was 3,391 yuan/500 kg with an increase of 1.16%, and the closing price of egg 2601 was 3,576 yuan/500 kg with a decrease of 1.41%. The spot prices in major producing areas remained stable [32]. Pigs - **Fundamentals**: The spot prices in Henan, Sichuan, and Guangdong decreased. The closing prices of futures contracts such as LH2509, LH2511, and LH2601 increased year - on - year. The trading volume of LH2509 decreased, while that of LH2511 increased. The market is under pressure, and the reverse - spread strategy is maintained [35][37]. Peanuts - **Fundamentals**: The spot prices of peanuts in major producing areas were mostly stable, with the price of Sudan refined peanuts increasing by 200 yuan/ton. The closing prices of PK510 and PK511 increased slightly. The trading volume and open interest of the futures market increased [39]. - **News**: New peanuts in some areas are gradually on the market, and the current price is stable. Attention should be paid to the weather in the producing areas [40].

Group 1 - The core message emphasizes the importance of implementing Xi Jinping's directives for high-quality development, focusing on ecological protection and sustainable practices in the Yellow River basin [1][2][3] - The need for enhanced flood prevention measures and emergency response training is highlighted, indicating a proactive approach to disaster management [1][3] - The promotion of local agricultural products and the integration of various industries to boost farmers' income is stressed, aiming for a more sustainable and profitable agricultural sector [2][3] Group 2 - The discussions at the meetings underscore the significance of grassroots governance and the role of local party committees in ensuring effective implementation of national policies [3][4] - There is a strong focus on supporting the private sector through policy measures aimed at reducing barriers and facilitating easier access to resources for businesses [4] - The commitment to achieving economic stability and growth through targeted initiatives and community engagement is reinforced, with an emphasis on completing development goals for the current planning period [4]

Group 1 - The article highlights the efforts of the Fuyang District's disciplinary inspection and supervision authorities in monitoring the bamboo shoot processing industry, which has an annual output value of 1.18 billion yuan [1] - The local government has established a supervision inspection team to address integrity risks in the industry, focusing on issues such as the misappropriation of support funds and bureaucratic delays in service [1] - A recent initiative led to the successful implementation of an ecological fermentation feed project, resolving the disposal issue of 8,000 tons of bamboo shoot waste [1] Group 2 - The Fuyang District has introduced a "code-based supervision" model, allowing enterprises to report issues directly via QR codes, enhancing transparency and accountability [2] - The district is working to break down data barriers between various government departments to monitor enterprise-related fees and prevent illegal fundraising activities [2] - The bamboo shoot industry in Fuyang has seen significant growth, with related agricultural households experiencing an average income increase of over 10,000 yuan this year [2]

Core Viewpoint - Manzhouli is transforming from a logistics hub into a vibrant economic corridor by optimizing customs processes, expanding trade channels, and enhancing open platforms, aiming to retain more resources rather than just facilitating transit [1][5]. Group 1: Customs and Trade Efficiency - Manzhouli is the only international port in China that integrates road, rail, and air transport, and it is the first border road port to operate 24-hour cargo customs clearance [1][2]. - In the first half of this year, the import and export cargo volume through Manzhouli's road port reached 1.167 million tons, a year-on-year increase of 6% [1]. - The customs have implemented a "green channel" for fruit and vegetable exports, allowing for immediate inspection and release, enhancing efficiency [2][4]. Group 2: Infrastructure and Technological Advancements - Manzhouli is upgrading its customs inspection channels and facilities, with projects like the intelligent container yard and the implementation of a digital port system to improve efficiency [3][4]. - The port is also enhancing its logistics network by integrating smart technologies and improving both hard and soft infrastructure [3][9]. Group 3: Economic Diversification and Industry Development - Manzhouli is focusing on transforming traditional industries, such as wood processing, to enhance value-added production and adapt to market changes [6][7]. - The city is developing a comprehensive agricultural import processing system, which has led to the establishment of multiple grain processing enterprises [7][9]. - New foreign trade models, such as cross-border e-commerce and second-hand car exports, are emerging, with the total foreign trade volume expected to reach 25.83 billion yuan in 2024 [7][8]. Group 4: Tourism and Cultural Exchange - The revival of outbound tourism has increased visitor traffic to Manzhouli, with the city enhancing its appeal as a travel destination through cultural and recreational offerings [10][11]. - Manzhouli is promoting cultural exchange programs, attracting Russian youth to experience Chinese culture, which fosters deeper connections and encourages longer stays [12][13]. - The tourism sector is projected to receive 8.4 million visitors in 2024, with total spending expected to reach 13.86 billion yuan, reflecting a growing interest in the region [11][12].

中新网长治8月7日电(记者杨静)记者7日从太原海关获悉，在该关所属长治海关帮扶下，24.7吨冷冻兔肉 顺利发往法国，这是山西冷冻兔肉时隔5年再次出口欧盟。 太原海关支持农食产品出口三年专项行动开展以来，该关专家组多举措帮助冷冻兔肉重返欧盟市场，研 究梳理欧盟最新法规标准，从养殖场管理、疫情疫病检测，到水源、微生物、药残检测等，全流程监管 确保产品质量。长治海关开设"绿色通道"，确保产品快速出口。 今年以来，长治海关在指导辖区出口企业加强自检自控能力，确保产品质量源头过关的同时，建立联系 机制，主动对接农业农村、商务等部门，共同推动辖区出口农食产品走出国门。今年前6个月，长治农 食产品出口再创新高，出口额107万元，同比增长13.67倍。 下一步，长治海关将不断优化服务举措，持续提升监管效能，推动农食产品出口稳量提质，助力更多农 食企业拓展国际市场。(完) （文章来源：中国新闻网） ...

跌幅居前的大华银行（UOB）和丰益国际（Wilmar Intl）分别下跌1.76%和0.67%。 （文章来源：新华财经） 成分股方面，扬子江船业（Yangzijiang Shipbuilding）和创业公司（Venture Corporation）涨幅居前，分 别上涨7.99%和3.15%。 新华财经新加坡8月7日电（记者刘春涛）新加坡海峡时报指数7日涨0.72%，收于4258.15点。 股市成交量达20.3亿股，总交易额达21.4亿新元。其中，320只股票上涨，201只股票下跌。 ...

证券日报网讯农产品8月7日在互动平台回答投资者提问时表示，公司本次向特定对象发行股票申请已于 2025年8月4日获得中国证券监督管理委员会同意注册的批复。 ...

上一交易日，玉米淀粉主力合约收涨0.41%至2662元/吨；山东玉米淀粉价格2900元/吨，持平。 （8月7日）今日全国玉米淀粉价 格一览表 | 规格 | 品牌/产 | 报价 | 报价类 | 交货地 | 交易商 | | --- | --- | --- | --- | --- | --- | | | 地 | | 型 | | | | 用途分类:食品用 ;等级:一级 ;水 | 山东滨州 | 3100元/ | 市场价 | 山东省/济南 | 济南金昊化工有限公司VIP | | 分:≤14% ; | | 吨 | | 市 | | | 食用级 | 汇亿海 | 3000元/ | 出厂价 | 河南省 | 河南汇亿海环保科技有限公 | | | | 吨 | | | 司VIP | | 食用级 | 国产 | 3000元/ | 出厂价 | 河南省 | 河南汇亿海环保科技有限公 | | | | 吨 | | | 司VIP | | 食品级含量99 | 国产 | 2900元/ | 市场价 | 内蒙古 | 河南汇亿海环保科技有限公 | | | | 吨 | | | 司VIP | | 99% | 国产 | 2950元/ | 市场价 | 山东省 | 河南 ...

Report Industry Investment Rating No relevant information provided. Core Viewpoints The report presents a comprehensive overview of the futures market, including overnight and spot prices, important fundamental information on international and domestic supply - demand, macro - economic news, fund flows, and arbitrage tracking. It covers commodities such as palm oil, soybeans, crude oil, and financial instruments like stock index futures. Summary by Directory 01 Overnight行情 - Overnight closing prices and price changes of various futures are presented, including BMD palm oil, ICE Brent crude, NYMEX WTI crude, CBOT soybeans, soybean meal, and soybean oil. For example, BMD palm oil 10 closed at 4257.00 with a previous - day decline of 0.54% and an overnight decline of 0.23% [1]. - Price changes of major currencies are also given, such as the US dollar index, CNY/USD, MYR/USD, etc. The US dollar index was at 98.21 with a decline of 0.56% [1]. 02现货行情 - Spot prices, basis, and basis changes of DCE palm oil 2509, DCE soybean oil 2509, and DCE soybean meal 2509 in different regions are provided. For instance, the spot price of DCE palm oil 2509 in North China is 9100 with a basis of 120 and no change in basis from the previous day [2]. - CNF quotes and CNF premium/discounts for imported soybeans from different origins are presented, like the CNF premium for Brazilian soybeans is 315 cents per bushel and the CNF quote is 480 dollars per ton [2]. 03重要基本面信息 - 产区天气 - The future weather outlook (August 11 - 15) for US soybean - producing states shows generally high temperatures and precipitation close to or above the median. Most states will have above - normal temperatures (A) and above - median precipitation (A) [3][4]. - The weather in the US Midwest will see a temperature drop later this week, with good soil moisture in most areas. There will be sporadic showers in different parts at different times [5]. - 国际供需 - MPOA data shows that Malaysia's palm oil production in July 2025 is estimated to increase by 9.01% to 1.84 million tons, with different changes in different regions [7]. - SPPOMA data indicates that from August 1 - 5, 2025, Malaysia's palm oil yield decreased by 19.32% month - on - month, the oil extraction rate increased by 0.39%, and production decreased by 17.27% [7]. - Forecasts for palm oil production in different countries are given: Malaysia's 2024/25 production is estimated to be 19.2 million tons (up 1% from the previous forecast), Indonesia's is 48.8 million tons (unchanged), and Thailand's is 3.52 million tons (unchanged) [8]. - Nigeria plans to plant 100 million oil palm trees and revitalize the cocoa industry [8]. - Analysts expect US soybean export sales to increase by 30 - 80 thousand tons in the week ending July 31, 2025, with different projections for 2024/25 and 2025/26 [9]. - Brazil exported 12.25732536 million tons of soybeans in July 2025, with a 9% increase in daily average export volume compared to the same period last year [9]. - As of July 30, 2025, Argentine farmers sold 528.9 thousand tons of 2024/25 soybeans, with a cumulative sales volume of 27.9605 million tons [10]. - Wet weather has delayed the rapeseed harvest in the EU 27 and the UK, and the 2025/26 rapeseed production is expected to be 20.3 million tons (unchanged) [10]. - 国内供需 - On August 6, 2025, the total trading volume of soybean oil and palm oil was 52.8 thousand tons, a 185.41% increase from the previous trading day [12]. - On August 6, 2025, the trading volume of soybean meal in major domestic oil mills was 311.5 thousand tons, a decrease of 1.5959 million tons from the previous day. The national dynamic full - sample oil mill operating rate was 61.63%, a 1.18% increase from the previous day [12]. - From July 21 - 27, 2025, the average purchase price of live pigs in designated slaughtering enterprises was 15.84 yuan/kg, a 0.8% decrease from the previous week and an 18.7% decrease year - on - year [13]. - On August 6, 2025, the "Agricultural Product Wholesale Price 200 Index" was 113.78, a 0.26 - point increase from the previous day [13]. 04宏观要闻 - 国际要闻 - According to CME's "FedWatch", the probability of the Fed keeping interest rates unchanged in September 2025 is 6.4%, and the probability of a 25 - basis - point rate cut is 93.6% [15]. - The US MBA mortgage application activity index for the week ending August 1, 2025, was 253.4, with different values for purchase and refinancing indices [15]. - The US global supply - chain pressure index in July 2025 was 0.07, down from 0.14 in the previous month [15]. - Fed's Kashkari believes that the Fed should respond to the economic slowdown and that two rate cuts this year seem appropriate, but may pause or even raise rates if inflation rises due to tariffs [15]. - Trump plans to impose a 100% tariff on imported semiconductor - containing products, with exemptions for companies producing in the US [15]. - The US White House announced that Trump signed an executive order to impose an additional 25% tariff on Indian goods in response to India's continued purchase of Russian oil [15]. - As of August 1, 2025, the US EIA strategic petroleum reserve inventory was 235 thousand barrels, and the EIA crude oil inventory decreased by 3.029 million barrels [16]. - In June 2025, the euro - area retail trade volume increased by 0.3% month - on - month and 3.1% year - on - year [16]. - 国内要闻 - On August 6, 2025, the USD/CNY exchange rate was 7.1409, with a 43 - point increase (CNY depreciation) [18]. - On August 6, 2025, the People's Bank of China conducted 138.5 billion yuan of 7 - day reverse repurchase operations, with a net withdrawal of 170.5 billion yuan due to 309 billion yuan of reverse repurchase maturities [18]. 05资金流向 - On August 6, 2025, the futures market had a net capital inflow of 9.244 billion yuan, with commodity futures having a net inflow of 3.11 billion yuan (including 0.31 billion yuan in agricultural product futures, 1.543 billion yuan in chemical futures, 2.487 billion yuan in black - series futures, and a net outflow of 1.23 billion yuan in metal futures), and stock index futures having a net inflow of 6.134 billion yuan [22]. - Capital flow data for various futures products are presented, such as the net capital inflow for CSI 1000 stock index futures is 49.35 and for CSI 500 stock index futures is 19.77 [21]. 06套利跟踪 No specific content provided.

Core Viewpoint - Guangxi agricultural cooperative institutions are focusing on the agricultural season, providing financial support to ensure a successful harvest and promote the entire agricultural industry chain [1][5] Group 1: Financial Support and Agricultural Loans - As of the end of June, the agricultural loan balance of Guangxi's cooperative institutions reached 425.8 billion yuan, an increase of 10.8 billion yuan since the beginning of the year, with specialty industry loans amounting to 110.3 billion yuan [1] - The cooperative institutions have supported new agricultural operating entities, with loans to family farms and farmers' cooperatives totaling 28.5 billion yuan [5] - The Guangxi agricultural cooperative institutions have issued over 100 innovative "Xiao Ling Tu" credit products tailored to local specialty industries [5] Group 2: Case Studies of Successful Financial Support - A local grape grower received a 200,000 yuan loan from Pingguo Agricultural Cooperative Bank, resulting in a 10% increase in yield and an increase in sugar content from 15% to 18% [2] - Ling Shan Agricultural Credit Union provided a loan of over 400 yuan, which helped a food company expand its production and establish a complete industry chain for lychee, benefiting over 1,700 enterprises and farmers [3] - The Guizhou Agricultural Cooperative Bank has customized credit solutions like "vegetable loans" and "taro loans," with a total agricultural loan balance of 7.336 billion yuan, increasing by 197 million yuan since the beginning of the year [4] Group 3: Overall Impact on Agricultural Development - The financial support from Guangxi agricultural cooperative institutions is contributing to the revitalization of rural areas, enhancing local agricultural brands, and ensuring a bountiful harvest during the critical agricultural season [5] - The cooperative institutions are optimizing a comprehensive service network covering all levels from province to village, providing strong support for deepening agricultural development [5]