Core Insights - The 28th China (Hainan) International Tropical Agricultural Winter Trade Fair opened on December 4, 2025, attracting over 2,000 enterprises from 16 countries and regions, showcasing more than 10,000 products, and expecting 25,000 professional visitors [9][10] Group 1: Event Overview - The event is held at the Hainan International Convention and Exhibition Center, marking a critical point for Hainan's free trade port operations [9] - The fair features a total exhibition area of 75,000 square meters divided into nine exhibition zones, displaying a wide range of agricultural products including fruits, vegetables, grains, oils, tea, coffee, livestock, seafood, agricultural machinery, and e-commerce [10][11] Group 2: Product Highlights - New product launches include 24 items such as 100% coconut water and agricultural drones, aimed at showcasing the agricultural industry upgrades in Hainan [10] - Various regional exhibits highlight local specialties, with Five Finger Mountain City presenting over a hundred unique agricultural products and Danzhou City showcasing its transition from traditional to modern agriculture [11] Group 3: Business Opportunities - The fair serves as a platform for agricultural cooperation and exchange, featuring over 40 supply-demand matching activities, including promotional and tasting events [12] - International guest countries Thailand and Pakistan are prominently featured, displaying their unique agricultural products, which include Thai latex pillows and high-quality rice from Pakistan [12][13] Group 4: Strategic Importance - The event is positioned as a gateway for global tropical agricultural products entering the Chinese market, reflecting Hainan's commitment to expanding agricultural openness and accumulating valuable experience for international trade cooperation post-free trade port closure [13]

中国贸促会与美国大豆出口协会在华盛顿举行座谈 中新网华盛顿12月4日电 (记者 陈孟统)当地时间12月4日，中国贸促会与美国大豆出口协会在华盛顿举 行座谈。 中国贸促会会长任鸿斌与美国大豆出口协会首席执行官苏健就加强农业领域务实合作等议题进行交流。 中国企业代表中粮油脂、优合集团等相关负责人参会。(完) 来源：中国新闻网 编辑：张澍楠 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 当地时间12月4日，中国贸促会与美国大豆出口协会在华盛顿举行座谈。中新社记者 陈孟统 摄 ...

中新社华盛顿12月4日电 (记者陈孟统)美国大豆出口协会首席执行官苏健(Jim Sutter)4日在华盛顿表示， 大豆贸易可以成为美中两国合作、改善关系、朝着正确方向前进的良好示范。 中国贸促会与美国大豆出口协会当天在华盛顿举行座谈。苏健在会后接受媒体采访时如是说。 苏健还表示，中国非常关注绿色发展和低碳转型，而美国大豆是全球碳足迹最低的大豆，因此双方在绿 色、低碳、可持续方面有着很大的合作潜力。美中之间确实有机会更紧密合作，并为全球树立典范。 (完) （文章来源：中国新闻网） 苏健认为，当两个大国打交道时，总会存在一些紧张关系，这是不可避免的。不过，大豆贸易可以成为 美中两国合作、改善关系、朝着正确方向前进的良好示范。"所以我依然有信心。"他说。 苏健表示，非常高兴看到两国元首釜山会晤的成果，并乐见相关内容正在落实。美中双方需要继续沟 通、合作，并在两国元首达成的共识基础上不断推进。 苏健称，全球农业链有着巨大的需求，美方希望与中方携手合作。问题不在于需求，而在于双方如何一 起努力满足这些需求，并确保供应链能够到达市场。 美国大豆出口协会自上世纪80年代初就开始在中国开展工作。苏健表示，他之所以认为中国市场 ...

"巴西人无法决定自己土地种什么以及什么时候种、什么时候收。"有巴西人说，他们的饭碗，掌握在别 人手中，因为一切取决于利润。胡向东告诉《环球时报》记者，在这一体系下，巴西本土粮食主权面临 严峻挑战，黑豆、木薯等主食依赖巴西小农生产，而小麦、大米等作物长期依赖进口，形成"肥沃土地 上的粮食危机"。胡向东在和巴西亚马孙环境研究所等机构交流时，巴西人对于现状普遍表示"无奈"， 主要是因为巴西土地集中在跨国公司和大农场手中，要保证土地私有权。 胡向东向记者详细梳理了大豆供应链，包括上游的育种、生产，到中游的流通、贸易，再到下游的加 工、消费。在这一链条中，胡向东认为中国主要参与的是中下游环节：比如通过中粮等企业在海外进行 合同采购、物流运输、港口运营以及国际贸易，将巴西等地的大豆进口到中国市场。同时，中国也在下 游的加工和消费领域占据主导地位，成为全球最大的大豆进口国和消费国。 然而，从育种开始的上游环节，中国参与度较低。胡向东表示，目前巴西等主要生产国广泛使用美国的 转基因品种，种子专利和技术基本被美国公司控制，这导致上游关键环节受制于人。而在大豆定价权方 面，胡向东认为，这其中涉及市场结构、金融机制与国际规则等复杂 ...

Group 1: Overview of the Procurement Agreement - A significant trade agreement was reached post the October 2025 summit between the US and China, where China committed to purchasing 12 million tons of US soybeans by the end of 2025 and a guaranteed annual purchase of 25 million tons over the next three years, totaling 87 million tons [1] - The procurement actions commenced from November 17 to 19, 2025, with Chinese buyers purchasing approximately 1.6 million tons of US soybeans, marking the highest weekly purchase since November 2023 [1] Group 2: Adjustments and Logistics Challenges - By the end of November, China had only procured about 2 million tons of US soybeans, achieving only 16% of the target, leading to a decision to postpone part of the 12 million tons target to 2026 [2] - The adjustment reflects a pragmatic approach from both sides to avoid supply chain disruptions while fulfilling political commitments [2] Group 3: Price Disparities and Market Mechanisms - US soybeans face a significant price disadvantage, with costs around 4,419-4,465 RMB/ton compared to Brazilian soybeans at approximately 3,817 RMB/ton, creating a price gap of 600-650 RMB/ton [3] - The price disadvantage is primarily due to the 13% import tariff on US soybeans, while Brazilian soybeans incur only a 3% tariff, impacting the speed of commercial procurement [3] Group 4: Geopolitical Dynamics - The US government's push for the soybean agreement is driven by domestic political considerations, as agricultural states are crucial for Trump's electoral prospects [4] - China is using soybean procurement as a diplomatic tool, recently suspending imports from five Brazilian exporters due to quality issues, signaling flexibility in supplier choices [5] Group 5: Global Supply Chain Restructuring - Despite recent purchases from the US, Brazil remains China's primary soybean supplier, with exports to China expected to exceed 100 million tons in 2025 [7] - China's soybean import structure has fundamentally changed, with imports reaching 95.67 million tons from January to September 2025, where Brazil accounted for about 70% [8] Group 6: Future Outlook - The implementation of the 87 million tons procurement agreement faces challenges, including price disparities and logistical bottlenecks, with only 2 million tons confirmed by late November [9] - The soybean trade will reflect the broader US-China trade relationship, with potential tariff reductions influencing commercial procurement dynamics [10] Group 7: Conclusion - The soybean procurement agreement represents a strategic negotiation between the two economic powers, ensuring short-term supply chain stability while enhancing China's international image [11] - The normalization of soybean trade indicates a new state of US-China relations, characterized by seeking cooperation amidst competition [12]

（来源：广州金融） 当前，城乡融合发展的蓝图正加速铺展，金融成为助推乡村振兴的重要力量。建设银行广州分行锚 定"百千万工程"战略部署，以政策为引领、以创新为引擎、以服务为纽带，聚焦涉农领域痛点难点，通 过源头对接、产品创新、渠道升级三维发力，推动涉农贷款持续增长。截至9月底，该分行涉农贷款余 额突破670亿元，为城乡区域协调发展注入强劲金融动能。 绘就乡村宜居新图景 乡村振兴的底色是生态宜居，而优质的公共空间则是村民幸福感的重要载体。 广州蜃景生态景观有限公司便是这场乡村"颜值革命"的践行者。企业成立于2021年，以花卉林业种植为 基础，深耕园林绿化工程施工领域，凭借专业的设计与施工能力，迅速成长为园林行业新锐力量。企业 创始人邓先生怀揣乡土情怀，带领团队扎根乡村振兴一线，致力于用绿色装扮乡村。 今年，企业成功中标3个村镇的公园绿化设施建设改造项目。然而，苗木采购、人工成本、机械租赁等 大额前期投入，让公司陷入流动资金周转困境，眼看村民期待的民生工程即将搁置。 关键时刻，建行广州越秀支行主动靠前服务。在了解具体情况后，该支行迅速启动绿色金融服务通道， 组建专业团队实地调研企业经营状况与项目规划，持续简化审批流 ...

此外，过去周末已有一船大豆启航，成为自5月以来的首船此类货物。 另据国内行业机构数据显示，12月2日美国大豆进口成本价为4537元，巴西大豆进口成本价为3950元， 阿根廷大豆进口成本价为3917元。 从国家粮油信息中心公布的数据来看，截止11 月 28 日，全国主要油厂进口大豆库存 700 万吨，同比上 升 153万吨，较过去三年均值上升 233 万吨；豆粕库存 118 万吨，同比上升 34 万吨，较过去三年同期 均值上升 54 万吨。 （来源：每日粮油） 来源：每日粮油 船运数据显示，在经历数月贸易停滞之后，目前至少有6艘船舶在墨西哥湾格尔夫波特港口码头装货， 总计装载量至少达32万吨大豆，目的地均为中国。 ...

天眼查App显示，近日，永仁有福商贸有限公司成立，法定代表人为余有福，注册资本5万人民币，经 营范围为一般项目：食用农产品批发；食用农产品零售；初级农产品收购；未经加工的坚果、干果销 售；农副产品销售；林业产品销售；林产品采集；农产品的生产、销售、加工、运输、贮藏及其他相关 服务；食用农产品初加工；食用菌种植。（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）。 ...

来源：人民日报 ——编 者 坐标：埃塞俄比亚奥罗米亚州 "将更多高品质咖啡产品送到中国" 埃塞俄比亚奥罗米亚州古吉地区，晨光穿透茂密的森林，洒在连绵起伏的山丘上。德贝卡咖啡种植园的 农场协调员艾哈迈德·耶曼，正俯身于一片翠绿的咖啡苗圃中，精心照料着咖啡幼苗。"我们希望将更多 高品质咖啡产品送到中国，让更多中国消费者了解、喜爱来自咖啡原产地的独特风味。"艾哈迈德·耶曼 说。 近年来，埃塞俄比亚咖啡对华出口以每年27%的速度增长。零关税政策，让"咖啡的故乡"的醇香涌入潜 力巨大的中国市场。埃塞俄比亚咖啡和茶叶管理局副局长沙菲·乌迈尔表示，中国已成为埃塞俄比亚的 第四大咖啡出口市场。在2024/2025财年，埃塞俄比亚向中国出口了超过3.4万吨咖啡，创造了超过2.18 亿美元的收入。 图①：中非班轮"韦立"轮停靠在山东港口烟台港码头。 吕文诚摄（人民视觉） 图②：埃塞俄比亚奥罗 米亚州南部的德贝卡咖啡种植园，新鲜采摘的咖啡豆。 卡辰什公司供图 数据来源：海关总署 制图：汪 哲平 为扩大对最不发达国家单边开放，实现共同发展，自2024年12月1日起，中国对原产于同中国建交的最 不发达国家100%税目产品适用税率为零的 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The market expects the Fed to cut interest rates in December, with an 89% probability priced in, and risk assets are strengthening. The A-share market is expected to be weak in the short - term, and the bond market lacks a clear direction. Precious metals show mixed trends, and copper, aluminum, and other industrial metals have different performance and outlooks based on supply - demand and macro - factors. Agricultural products such as soybean meal and palm oil are also affected by various factors and are expected to have different trends [2][3][4]. 3. Summary by Related Catalogs 3.1 Macro - Overseas: Trump will announce a new Fed chair early next year, with Hassett seen as the likely candidate, leading to expectations of a more dovish policy. The 12 - month interest - rate cut probability is 89%. The US 10Y Treasury yield is 4.08%, and the US dollar index is at 99.2. There is no substantial progress in Russia - US talks on Ukraine. Attention is on US November service PMI, November ADP employment, and September industrial output data [2]. - Domestic: The A - share market adjusted with reduced volume, and is expected to be weak in the short - term. The bond market is weak, and the central bank's November net bond purchase of 500 billion yuan was lower than expected [3]. 3.2 Precious Metals - Gold futures fell 0.84% to $4238.70 per ounce, and silver futures rose 1.2% to $59.15 per ounce. Trump's hint about the Fed chair and stable Japanese bond auctions affected the market. The US economic slowdown and dovish signals from the Fed boost the expectation of a 25 - basis - point rate cut. Central banks bought 53 tons of gold in October, a 36% increase. Silver's supply chain shows tight signs. Pay attention to the US ADP data and the PCE index [4][5]. 3.3 Copper - The copper price fell. The OECD predicts that developed economies will end the rate - cut cycle by the end of 2026, and the Fed will cut rates twice next year. Supply shortages limit the downside. New projects are being developed, such as a large - scale copper smelter in Africa and a potential joint - venture project in Canada. The copper price is expected to remain high and volatile, with support at $11000 for LME copper [6][7]. 3.4 Aluminum - The aluminum price was high and volatile. The OECD's economic outlook and inflation data in the eurozone affect the market. The Fed's rate - cut expectation is 87%. Aluminum production capacity is stable, and consumption is resilient. The aluminum price is expected to be range - bound [8][9][10]. 3.5 Alumina - The alumina price was weak. Supply is abundant, and imports are flowing in, with high inventory. A factory's maintenance may provide some support, but more production cuts are needed to stop the decline [11]. 3.6 Cast Aluminum - The cast - aluminum price is expected to be strong. Terminal demand is good due to year - end work and policy support, and the cost is well - supported [12]. 3.7 Zinc - The zinc price is expected to be strong within a range. Supply is expected to decrease by 2.43 tons in December due to raw - material shortages and refinery cuts. However, the consumption off - season and high prices limit the upside [13]. 3.8 Lead - The lead price rebounded. Supply is marginally reduced, and the new e - bike standard may boost consumption. But the open import window and high overseas inventory limit the upside [14][15]. 3.9 Tin - The tin price is likely to rise. The market sentiment is improved, and supply concerns are increasing. It is expected to be strong, waiting for macro and micro factors to align [16]. 3.10 Industrial Silicon - The industrial - silicon price is expected to be weakly volatile. Supply is shrinking, and demand is mixed. The social inventory has increased to 550,000 tons [17][18]. 3.11 Steel (Screw and Coil) - The steel price is expected to be volatile. Spot trading is stable, and the supply - demand drive is limited. Some areas have shortages, and the overall inventory is reasonable [19][20]. 3.12 Iron Ore - The iron - ore price is under pressure. The first shipment from Simandou has been made, and supply is increasing while demand is weakening due to steel - mill losses and reduced blast - furnace operations [21][22]. 3.13 Coking Coal and Coke - The prices of coking coal and coke are expected to be weak. The first round of coke price cuts has been implemented, and supply is strong while demand is weak in the steel - making industry [23]. 3.14 Soybean and Rapeseed Meal - The soybean and rapeseed meal prices are expected to be volatile. The US is seeking to expand soybean demand. South American weather and US soybean exports are key factors. Canadian and Australian rapeseed production forecasts have changed [24][25]. 3.15 Palm Oil - The palm - oil price is expected to be range - bound. The impact of weather on supply is decreasing, and the market is waiting for the MPOB report. Malaysian exports decreased in November, while Indian imports increased [26][27].