Core Insights - The core viewpoint of the articles highlights the rapid growth of e-commerce in China's agricultural sector, with a 17.2% increase in transaction volume in the first half of the year, driven by the rise of digital tools like live streaming for selling agricultural products [1][5][20] E-commerce Growth - E-commerce has significantly expanded the sales radius for farmers, enhancing their income and providing consumers with fresher products at lower prices [3][5] - The integration of live streaming into agricultural sales has energized farmers and transformed their sales strategies, making rural e-commerce a key driver for rural revitalization [5][16] Logistics and Delivery - The logistics system in rural areas is still developing, with challenges in coverage, particularly in remote regions, which affects the efficiency of agricultural product distribution [8][10] - Innovations in logistics, such as flexible transportation strategies for small packages, have improved delivery times and reduced costs for farmers [10][12] Policy and Support - Various policies have been implemented to support rural logistics, including the establishment of comprehensive service stations for parcel delivery, which have been set up in over 337,800 villages [12][14] - The government aims to cultivate a significant number of rural e-commerce leaders and establish numerous digital circulation enterprises in the coming years to further enhance the agricultural supply chain [20] Market Dynamics - The demand for logistics in rural and central-western regions is increasing, presenting new growth opportunities for the e-commerce sector [18] - The recent implementation plan by the Ministry of Agriculture and Rural Affairs outlines measures to optimize the supply of quality agricultural products and leverage e-commerce platforms to enhance consumption [20]

Group 1 - The extreme heat wave in South Korea has led to significant increases in the prices of agricultural products such as watermelon, tomatoes, peaches, and cabbage [2][4] - The average retail price of watermelon has reached 33,337 KRW (approximately 173 RMB), marking a 33.7% increase from the previous month and a 17.6% increase from the same period last year [2] - Tomato prices have surged to an average of 6,716 KRW (35 RMB) per kilogram, reflecting a nearly 70% increase from the previous month and over 42% from the same time last year [2] Group 2 - The average price for a pack of 10 peaches is 21,133 KRW (109 RMB), showing significant increases both month-on-month and year-on-year [2] - Cabbage prices have surpassed 6,000 KRW (31 RMB) per head, reaching 6,114 KRW (32 RMB), which is a 68% increase from the previous month and an 11.2% increase from last year [2] - The South Korean government plans to implement measures to stabilize the market supply of key agricultural products due to the impact of rising prices on living costs and potential chain reactions in other sectors [2]

Group 1 - The extreme heat wave in South Korea has led to significant increases in the prices of agricultural products such as watermelon, tomatoes, peaches, and cabbage [1][2] - The average retail price of watermelon has reached 33,337 KRW (approximately 173 RMB), marking a 33.7% increase compared to the previous month and a 17.6% increase year-on-year [1] - Tomato prices have surged to an average of 6,716 KRW (35 RMB) per kilogram, reflecting a nearly 70% increase from the previous month and over 42% from the same period last year [1] Group 2 - The average price for a pack of 10 peaches is 21,133 KRW (109 RMB), showing significant increases both month-on-month and year-on-year [1] - Cabbage prices have surpassed 6,000 KRW (31 RMB) per head, reaching 6,114 KRW (32 RMB), which is a 68% increase from the previous month and an 11.2% increase compared to last year [1] - The South Korean government plans to implement measures to stabilize the market supply of key agricultural products due to the rising prices [1]

Group 1: Price Increases in Agricultural Products - The prices of agricultural products in South Korea, including watermelon, tomatoes, peaches, and cabbage, have significantly increased due to extreme heat conditions [1] - The average retail price of watermelon has reached 33,337 KRW (approximately 173 RMB), marking a 33.7% increase compared to the previous month and a 17.6% increase year-on-year [1] - Tomato prices have surged to an average of 6,716 KRW (35 RMB) per kilogram, reflecting a nearly 70% increase from the previous month and over 42% from the same period last year [1] - The average price for a pack of 10 peaches is 21,133 KRW (109 RMB), showing substantial increases both month-on-month and year-on-year [1] - Cabbage prices have surpassed 6,000 KRW (31 RMB) per head, reaching 6,114 KRW (32 RMB), which is a 68% increase from the previous month and an 11.2% increase year-on-year [1] Group 2: Impact of Weather Conditions - South Korea is experiencing one of the most severe heatwaves on record, with the Korea Meteorological Administration reporting 15 days in July where temperatures reached 33 degrees Celsius or higher, which is more than four times the historical average of 3.4 days since 1973 [2] - The country recorded 23 "tropical nights" in July, where nighttime temperatures remained above 25 degrees Celsius, marking the highest number since records began in 1973 [2] Group 3: Government Response - The South Korean government has announced plans to take measures to stabilize the market supply of key agricultural products in response to the rising prices [1]

2025 年 8 月 4 日 美豆出口需求疲软 连粕或震荡运行 豆粕周报 wang.gj@jyqh.com.cn 从业资格号：F3084165 投资咨询号：Z0016301 赵凯熙 zhao.kx@jyqh.com.cn 从业资格号：F03112296 投资咨询号：Z0021040 核心观点及策略 投资咨询业务资格 沪证监许可【2015】84 号 李婷 021-68555105 li.t@jyqh.com.cn 从业资格号：F0297587 投资咨询号：Z0011509 黄蕾 huang.lei@jyqh.com.cn 从业资格号：F0307990 投资咨询号：Z0011692 高慧 gao.h@jyqh.com.cn 从业资格号：F03099478 王工建 敬请参阅最后一页免责声明 1 / 11 投资咨询号：Z0017785 ⚫ 上周，CBOT美豆11月合约跌33.75收于988美分/蒲式耳，跌 幅3.30%；豆粕09合约跌11收于3010元/吨，跌幅0.36%；华 南豆粕现货跌10收于2870元/吨，跌幅0.35%；菜粕09合约 收于2675元/吨，持平于上一周；广西菜粕现货跌30收于 2530元/吨，跌 ...

Group 1: White Lotus Industry in Jiangxi - The white lotus industry in Taihe County, Jiangxi Province, has developed a comprehensive industrial chain encompassing planting, processing, and sales, significantly contributing to rural revitalization [1][3]. - The "company + base + farmer" model has enabled standardized planting of white lotus and has spurred the growth of the processing industry, transforming freshly harvested lotus pods into high-quality products [3]. - The total planting area for white lotus has exceeded 10,000 acres, creating a vibrant rural tourism landscape and generating substantial income for local farmers, with an average annual income increase of over 4,000 yuan per household [5]. Group 2: Economic Impact and Employment - The white lotus industry has created employment opportunities for over 3,000 local households, demonstrating its role as a significant economic driver in the region [5].

Group 1: Economic Relations and Trade - Mexico's tomato exports generated $3 billion in revenue last year and created approximately 500,000 jobs [3] - The recent U.S. decision to impose a 17% tariff on most fresh tomatoes from Mexico threatens to disrupt established trade agreements and could lead to the loss of about 200,000 jobs in the industry [3] - The Mexican government emphasizes that the quality of its tomatoes, not unfair practices, has allowed it to gain market share in the U.S. [3] Group 2: Sovereignty and Political Tensions - The Mexican government, led by President López Obrador, insists on resolving internal issues independently and rejects any U.S. military intervention, asserting that "sovereignty cannot be sold" [2] - Historical tensions between Mexico and the U.S. are evident in both sovereignty issues and economic relations, with U.S. policies directly impacting the lives of many Mexicans [2] - Mexico aims to strengthen its domestic market and expand trade with other countries through the "Mexican Plan" while maintaining a firm stance on sovereignty [3][4] Group 3: Regional Cooperation - Mexico is seeking to enhance cooperation with other Latin American countries, particularly Brazil, in trade, technology, and education amidst changing geopolitical dynamics [4] - The current geopolitical landscape presents historical opportunities for collaboration with other countries in the Global South [4]

Group 1 - The core idea of the article is the promotion of the "Media+" initiative to enhance the branding and market presence of Yunfu Yun District's agricultural products through collaboration with Southern Rural Newspaper [1][4][29] - The Yun District is focusing on developing its agricultural industry by leveraging unique products such as sweet potatoes, traditional Chinese medicine, and flowers to upgrade the entire supply chain from "field to table" [6][7] - There is a need for stronger support in expanding brand influence and market channels, which the district hopes to achieve by utilizing media resources from Southern Rural Newspaper [8][9] Group 2 - Southern Rural Newspaper has extensive experience in the agricultural sector and offers a multi-platform communication matrix, which includes print, online, and live streaming [10][11][12] - The newspaper aims to enhance the storytelling of Yun District's agricultural products, thereby increasing brand cultural impact and online visibility through short video platforms and live broadcast resources [20][21] - The year is significant for Guangdong as it marks the initial success of the "Hundred Million Project," with efforts to enhance brand value and user engagement through media integration [25][26][27]

1. Report Industry Investment Rating There is no information regarding the report industry investment rating in the provided content. 2. Core Viewpoints of the Report The report provides a comprehensive overview of the overnight and spot market conditions for various commodities, including palm oil, soybeans, and crude oil. It also presents important fundamental information on factors such as weather conditions, international and domestic supply - demand dynamics, and macroeconomic news. Additionally, it details the capital flow in the futures market and conducts arbitrage tracking [1][2][24]. 3. Summary by Relevant Catalogs 3.1 Overnight Market Conditions - **Futures**: The closing prices and price changes of various futures contracts, such as BMD's October palm oil, ICE's October Brent crude, and NYMEX's September US crude oil, are presented. For example, BMD's October palm oil closed at 4259.00, with a previous - day increase of 0.54% and an overnight decrease of 0.42% [1]. - **Currencies**: The latest prices and price changes of multiple currencies, including the US dollar index, CNY/USD, MYR/USD, etc., are provided. For instance, the US dollar index was at 99.94, with an increase of 1.05% [1]. 3.2 Spot Market Conditions - **Futures - Spot**: The spot prices, basis, and basis changes of various futures contracts, such as DCE's 2509 palm oil, 2509 soybean oil, and 2509 soybean meal, are given. For example, the spot price of DCE's 2509 palm oil in North China is 9110, with a basis of 130 and a basis change of 0 [2]. 3.3 Important Fundamental Information 3.3.1 Weather Conditions in Producing Areas - **US Soybean Producing States**: The future weather outlook from August 4th to 8th shows that the temperature in the main soybean - producing states is high, and the precipitation in the northwest is higher than the average. The temperature in the Midwest planting belt is expected to drop, and the growth conditions are still relatively favorable [5][7]. 3.3.2 International Supply - Demand - **Malaysian Palm Oil**: From January to May 2025, Malaysia's palm oil exports to the US increased by 51.8% year - on - year, from 6.1 million tons in the same period last year to 9.3 million tons [9]. - **US Soybean Exports**: As of the week ending July 24th, US soybean export sales are expected to increase by 20 - 90 million tons, with 10 - 30 million tons for the 2024/25 season and 10 - 60 million tons for the 2025/26 season [10]. - **Argentine Soybean Sales**: As of July 23rd, Argentine farmers sold 78.77 million tons of 24/25 season soybeans, with a cumulative sales volume of 2743.16 million tons, and 4.3 million tons of 25/26 season soybeans, with a cumulative sales volume of 48.95 million tons [11]. - **Ukrainian Rapeseed**: As of July 25th, Ukrainian farmers have harvested about 100 million tons of rapeseed, lower than 330 million tons in the same period last year. The market has revised down the 2025 rapeseed production forecast to 240 - 250 million tons [12]. - **Baltic Dry Index**: On Wednesday, the Baltic Dry Index fell for the fourth consecutive day, reaching a two - week low, due to a decline in demand for all ship types [13]. 3.3.3 Domestic Supply - Demand - **Oil Product Transactions**: On July 30th, the total transaction volume of soybean oil and palm oil was 102,566 tons, a 108% increase from the previous trading day. The total transaction volume of soybean meal in major domestic oil mills was 30.49 million tons, a decrease of 13.05 million tons from the previous day [14]. - **Agricultural Product Prices**: The average weekly price of lean - type white - striped pork in 16 provinces (municipalities) from July 21st to July 25th, 2025, was 18.73 yuan per kilogram, a 2.2% week - on - week decrease and a 25.7% year - on - year decrease [14]. 3.4 Macroeconomic News 3.4.1 International News - **US Economic Data**: The probability of the Fed keeping interest rates unchanged in September is 54.3%, and the probability of a 25 - basis - point rate cut is 45.7%. US economic data such as ADP employment, GDP, and PCE price index are also presented [17]. - **FOMC Statement**: The Fed maintained the benchmark interest rate at 4.25% - 4.50%, with two governors advocating for a rate cut [18]. - **Eurozone Economic Data**: The Eurozone's second - quarter GDP annual rate is 1.4%, and the industrial and economic sentiment indices in July are - 10.4 and 95.8 respectively [19]. 3.4.2 Domestic News - **Exchange Rate and Monetary Policy**: On July 30th, the US dollar/Chinese yuan exchange rate was 7.1441, down 70 points. The central bank conducted 309 billion yuan of 7 - day reverse repurchase operations, resulting in a net injection of 158.5 billion yuan [21]. - **Housing Loan Interest Rate**: In the second quarter of 2025, the weighted average interest rate of newly issued commercial personal housing loans in China was 3.09% [21]. 3.5 Capital Flow On July 30th, 2025, the net inflow of funds in the futures market was 18.187 billion yuan, with 6.098 billion yuan in commodity futures (including 205 million yuan in agricultural product futures, 5.324 billion yuan in chemical futures, 131 million yuan in black - series futures, and 439 million yuan in metal futures) and 12.089 billion yuan in stock index futures [24]. 3.6 Arbitrage Tracking There is no detailed information on arbitrage tracking in the provided content.

记者30日从2025年孟连县七彩花花生丰收季新闻发布会上获悉，该县今年的花花生种植面积逾6万 亩，产量预计达1.94万吨，产值预计达4.86亿元，为乡村振兴注入新动能。 孟连县农业农村和科学技术局副局长朱维斯称，该县的花花生销往中国各地以及缅甸，将以科技提 质，品牌增值为双引擎，带动花花生产业链升级，促进产业增值、企业增效、民众增收。 7月21日，孟连花花生。岩三卡 摄 近年来，孟连县绿色产业蓬勃发展，构建了"糖胶茶咖"四大传统产业与牛油果新兴特色优势产业集 群。此外，培育了花花生、林下魔芋等特色产业。其中，孟连花花生也被称为七彩花生，富含硒元素、 花青素、氨基酸等营养元素，2021获国家知识产权局地理标志证明商标，2024年纳入全国名特优新农产 品名录。 孟连县花花生种植涉及多个乡镇，且每年可种2至3季。2025年，该县花花生种植面积64799.55亩， 同比增长26.3%。 孟连县娜允镇的叶玉介绍，她家今年种了187亩花花生，亩产鲜果约1吨，18元每公斤的卖价高于去 年。 中共孟连县委副书记王德军在发布会上介绍，为进一步提升孟连花花生的知名度、影响力等，将于 8月8日至17日举办2025年孟连县七彩花花生 ...