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.

中新网南昌7月31日电 (记者 吴鹏泉)2025年全国农产品产销大会30日在江西南昌启动，活动旨在帮 助优质农产品拓宽销路，助力农民增收和乡村振兴。 2025年全国农产品产销大会由商务部主办。当天启动仪式上，还举行了现场签约仪式。 2018年以来，商务部每年组织举办全国农产品产销对接系列活动。截至2024年底，全国商务系统已 累计开展3300多场对接活动，采购各类农产品近1000亿元。 7月30日，2025年全国农产品产销大会在江西南昌启动。此次东部片区活动，吸引了2000多家农业 龙头企业和2万多种特色优质农产品参加。记者 吴鹏泉 摄 2025年全国农产品产销大会分东西南北片区，举办4场集中采购活动。此次东部片区活动，吸引了 2000多家农业龙头企业和2万多种特色优质农产品参加。全国600多家大型商贸流通企业到场考察采购。 山东某食品公司产品主要出口欧美、日韩、东南亚等多个国家和地区。"我们带了姜蒜加工品等8种 产品前来参展，是想扩大产品知名度，拓宽内销渠道。"在该公司经理苗成凯看来，本次展会为全国各 地的经销商和采购商提供了一个交流合作的平台。 "本次大会严格筛选供应商和采购商，汇聚各方优质资源，为农产品 ...

Group 1 - Guangdong Province has launched a training program for 1,000 "rural internet celebrities" to enhance their skills in account operation, live streaming, and short video creation [4][5][6] - The "Hundred Million Project" aims to develop two trillion-level industrial clusters, focusing on modern rural industry systems and the integration of primary, secondary, and tertiary industries [7][9][10] - The green low-carbon industry in Guangdong has reached a scale of 1.1 trillion yuan, playing a significant role in the province's high-quality development and supporting carbon neutrality goals [20][21][23][25] Group 2 - The "Sweet Connection" promotional event for Maoming longan and other local products was held in Shanghai to enhance agricultural cooperation between Guangdong and Shanghai [28][31] - The "Drought-resistant Rice" initiative in Huaiji County has achieved a yield of over 600 kg per mu, showcasing advancements in agricultural technology and practices [32][34] - The establishment of the first "Media+" alliance in Guangdong aims to support the "Hundred Million Project" and enhance the role of mainstream media in rural revitalization efforts [36][38][40]

Core Viewpoint - The company Guangdong Fayanhong aims to promote sprouted brown rice while assisting in the digital transformation of the industry, highlighting its nutritional benefits and market potential [1][3]. Market Potential - Sprouted brown rice is made from raw rice or fresh brown rice through pre-treatment and germination processes, offering richer nutritional components compared to regular white and brown rice [3]. - In 2022, the total production of wheat and rice in China was 6.9 trillion jin (approximately 4.6 billion tons). If only 1% of the population consumes sprouted brown rice at a price of 9.9 yuan per jin, it could create a market worth hundreds of billions [3]. - The application scenarios for sprouted brown rice are diverse, including rice balls, meal replacements, smoothies, and beverages, with potential collaborations across various industries such as retail, specialty dining, beauty, and elder care [3]. Technological Empowerment - In 2024, a partnership with the government of Shaoguan City will establish an organic planting base for sprouted brown rice, promoting industry transformation [4]. - The company collaborates with local agricultural enterprises to upgrade traditional white rice production into a health-oriented industry, expanding product offerings to include white rice, rice bran, brown rice, and sprouted brown rice [4]. - The "Duck-Rice Coexistence" ecological planting model integrates natural cycles with smart monitoring, utilizing IoT technology to enhance the germination process, increasing germination rates from 68% to 95% and boosting active nutrients by 300% [4]. - Automation in production processes improves efficiency, while smart storage systems ensure product quality stability [4]. - Each bag of sprouted brown rice will have a unique digital identity, allowing consumers to trace the entire production and distribution process through a QR code [4]. Future Developments - The company plans to launch a new brand "Mi Zaixiang" to further support industry upgrades and expand sales channels to more cities [5].

经中国证监会《关于核准海南珠江控股股份有限公司向北京粮食集团有限责任公司 等发行股份购买资产并募集配套资金的批复》（证监许可〔2017〕1391 号）核准，同 意公司非公开发行不超过 48,965,408 股新股，发行价 8.82 元/股，募集配套资金总额不 超过人民币 43,187.49 万元。京粮控股实际募集资金总额为人民币 431,874,898.56 元， 扣除发行费用人民币 45,000,000.00 元，募集资金净额为人民币 386,874,898.56 元。上述 募集资金已全部到位，并由中兴华会计师事务所（特殊普通合伙）于 2017 年 10 月 16 日出具的《验资报告》（中兴华验字(2017) 第 010120 号）审验确认。京粮控股对募集 资金实行专户存储，并与独立财务顾问、募集资金开户行签署了募集资金三方监管协议。 东兴证券股份有限公司 关于海南京粮控股股份有限公司 募集资金投资项目延期的核查意见 京粮控股于 2023 年 11 月 21 日分别召开了第十届董事会第九次会议和第十届监事 会第八次会议，并于 2023 年 12 月 8 日召开了 2023 年第二次临时股东大会，审议通过 了 ...

Core Points - The recent US-EU trade agreement has sparked public backlash in Europe, with the US imposing a 15% tariff on most EU products while the EU commits to significant purchases of US energy and military equipment [1][2] Group 1: Agreement Details - The agreement reached on July 27 includes a 15% tariff cap on EU goods, applicable to nearly all EU exports subject to reciprocal tariffs, with exceptions for certain products [5][6] - The US will maintain a 15% tariff cap on future tariffs for pharmaceuticals and semiconductors until a decision is made under Section 232 [5] - The EU plans to procure $750 billion (approximately €700 billion) worth of US liquefied natural gas, oil, and nuclear products over the next three years [6][10] Group 2: Legal and Political Implications - The agreement is described as a framework or political agreement, lacking legal binding force, which raises questions about the enforceability of commitments made [3][7] - The use of terms like "intends" and "interested" in the EU's commitments has led to skepticism regarding the actual execution of these promises [10] - The EU and US are expected to negotiate further to solidify the agreement, with a non-binding joint statement anticipated before August 1 [9][10] Group 3: Economic Context - In 2024, trade between the US and EU is projected to exceed €1.6 trillion, with daily exchanges of over €4.2 billion in goods and services [10] - The investment between US and EU companies reached €5.3 trillion in 2022, highlighting the significance of the economic relationship [10]

Group 1 - The company, Morning Light Bio, announced that it has officially obtained a patent certificate issued by the National Intellectual Property Administration [2] - The subsidiary, Hebei Morning Light Testing Technology Service Co., Ltd., has also received a software copyright registration certificate from the National Copyright Administration [2]

这两个鲜活场景，正是兰陵县以"乡创共同体"模式撬动乡村振兴的生动缩影。近年来，兰陵县立足资源 禀赋，积极探索乡村全面振兴新途径，成功打造了全省首创的乡村振兴创新创业共同体——乡创共同 体。这一创新模式通过盘活农村闲置资产和沉睡资源，推动"三农"与人文、科技、生态等要素集成创 新，实现城乡资源有机融合和强镇兴村富民。 乡村振兴，关键在让农民受益。兰陵县健全联农带农利益联结机制，鼓励各类经营主体与村集体、农户 建立订单式、股份式、托管式合作关系，带动群众从事特色高效种养、农产品精深加工、农村电商、生 态休闲农业、乡村旅游等产业。在大仲村镇的文化产业园，周边村民不仅可以通过土地流转获得稳定收 入，还能在园区内从事非遗手工制作、旅游服务等工作，实现家门口就业；长城镇的"种养加"生态循环 和统筹"产供销"一体推进，则让群众直接分享产业增值收益，增收渠道持续拓宽。 兰陵县的"乡创共同体"建设不仅立足本地，更跳出县域谋发展。在上海市五角市场，由县供销社、驻沪 流动党员党委等多部门协同建设的兰陵（上海）乡创中心，仅用一个月时间便落地生根。展厅内，来自 山东16市的200余种优质农产品整齐陈列，成为兰陵与上海市场对接的重要窗口 ...

1. Report Industry Investment Rating - No information provided on the industry investment rating. 2. Core View of the Report - After the US corn planting is completed, the US corn market is weak. With the reduction of Sino - US tariffs, the US corn price continues to decline, but the potential for further decline is limited due to possible weather - related speculations. China has reinstated a 15% tariff on US corn, with a total of 26% tariff within the quota, and a 22% tariff on US sorghum. Foreign corn imports are profitable, with the August import price from Brazil at 1,971 yuan. The domestic corn market has different trends in different regions, with short - term stability in the north and tight supply in North China. The corn starch market sees inventory reduction, and the price is affected by corn price and downstream stocking. The 09 contracts of both corn and starch are expected to have narrow - range fluctuations [5][7][8][9]. 3. Summary by Relevant Catalogs 3.1 Data 3.1.1 Futures Disk - For corn futures, C2601 closed at 2,218 with a 0.14% increase, C2605 at 2,263 with no change, C2509 at 2,312 with a 0.43% increase. Their trading volumes decreased by 47.04%, 46.94%, and 32.39% respectively, and the open interests decreased by 2.28%, 2.85%, and 5.54% respectively. For corn starch futures, CS2601 closed at 2,596 with no change, CS2605 at 2,638 with a 0.04% increase, CS2509 at 2,683 with a 0.63% increase. Their trading volumes decreased by 30.17%, 46.09%, and 38.71% respectively, and the open interests changed by 3.77%, 9.67%, and - 5.63% respectively [3]. 3.1.2 Spot and Basis - Corn spot prices in different regions showed different trends. For example, the price in Qinggang was 2,270 yuan with no change, while the price in Shouguang increased by 20 yuan. The basis for corn in different regions ranged from - 72 to 218. Starch spot prices also varied. The price of Longfeng starch increased by 50 yuan, and the basis for starch in different regions ranged from 162 to 382 [3]. 3.1.3 Spread - Corn inter - delivery spreads: C01 - C05 was - 45 with a 3 - point increase, C05 - C09 was - 49 with a 10 - point decrease, C09 - C01 was 94 with a 7 - point increase. Starch inter - delivery spreads: CS01 - CS05 was - 42 with a 1 - point decrease, CS05 - CS09 was - 45 with a 16 - point decrease, CS09 - CS01 was 87 with a 17 - point increase. Cross - variety spreads: CS09 - C09 was 371 with a 7 - point increase, CS01 - C01 was 378 with a 3 - point decrease, CS05 - C05 was 375 with a 1 - point increase [3]. 3.2 Market Judgment 3.2.1 Corn - The US corn market is weak but has limited downside due to potential weather speculation. China's tariff policies on US corn and sorghum are in place, and foreign corn imports are profitable. The northern port flat - hatch prices are stable, and the Northeast corn is stable. North China's corn supply is tight, and the wheat - corn substitution continues. The domestic corn demand is weak, and the short - term corn spot price is relatively stable. The 09 corn contract is expected to have narrow - range fluctuations [5][7]. 3.2.2 Starch - The number of vehicles arriving at Shandong deep - processing plants has increased, and the Shandong corn spot price is strong. The starch inventory has decreased this week, with the factory inventory at 129.3 million tons, a decrease of 1.8 million tons from last week. The by - product price is strong, and the spot price difference between corn and starch is low. The 09 starch contract is expected to have narrow - range fluctuations [8]. 3.3 Trading Strategy - Unilateral: The domestic 09 corn will continue to have narrow - range fluctuations, and it is recommended to wait and see. - Arbitrage: Buy spot and short 09 corn in a rolling manner, and wait and see on the spread between 09 corn and starch [9][10]. 3.4 Corn Options - For enterprises with spot, they can close out short positions of corn call options, or short - term investors can try to sell on rallies [13]. 3.5 Relevant Attachments - The attachments include charts of corn spot prices in different regions, corn 09 contract basis, corn 9 - 1 spread, corn starch 9 - 1 spread, corn starch 09 contract basis, and corn starch - corn 09 contract spread, which help to visually understand the price trends and relationships of corn and corn starch [14][16][20].

智通财经APP讯，大成玉米集团(03889)发布公告，本集团预期将于截至2025年6月30日止期间(呈报期) 取得净亏损约6500万港元至 8500万港元，而截至2024年6月30日止期间(去年同期)则取得溢利净额约 1.66亿港元。 该变动主要是由于呈报期内并无确认以下一次性收益所致，于2024年1月完成中国信达资产管理股份有 限公司吉林省分公司(作为债权人)，锦州元成生化科技有限公司(作为债务人)，及上海好成食品发展有 限公司(作为担保人)(后两者均为本公司的间接全资附属公司)订立的债务重组协议后取得的未经审核的 一次性收益约1.676亿港元;及就于2024年4月出售本公司的前全资附属公司大成零售投资有限公司及其 附属公司取得未经审核的一次性收益约5410万港元。 ...