巴西最年轻的10位亿万富翁中，WEG家族成员占据七席。WEG成立于1961年，最初生产电动机，随后 拓展至发电机、变压器、电气控制、自动化、涂料及工业油漆等领域。其中20岁的阿梅莉·沃伊特·特雷 耶斯（Amelie Voigt Trejes）继承母亲的股份，身家约34亿雷亚尔（约6亿美元）。同样20岁的利维亚·沃 伊特（Lívia Voigt）身家均为66亿雷亚尔（约12亿美元），成为世界上最年轻的亿万富翁之一。 榜单还包括其他企业家族继承者，纸浆生产商苏扎诺集团的伊莎贝拉·亨里克斯·费费尔（Izabela Henriques Feffer），28岁身家接近23亿雷亚尔（约4.24亿美元）。酿酒巨头AB InBev继承人马克斯·范· 霍伊加登·赫尔曼·特莱斯（Max Van Hoegaerden Herrmann Telles）年龄为29岁，身家293亿雷亚尔（约 54.1亿美元）。 总体来看，2025年巴西亿万富豪榜共计300人，其中男性240人，总财富约1.68万亿雷亚尔（约3102亿美 元）；女性60人，总财富约3437亿雷亚尔（约635亿美元）。 Facebook联合创始人爱德华多·萨维林连续第二年成 ...

1. Report Industry Investment Ratings - **Oils and Fats**: Oscillating with a slight upward bias [8] - **Protein Meal**: Oscillating [9] - **Corn/Starch**: Oscillating with a slight downward bias [10] - **Hogs**: Oscillating [11] - **Natural Rubber**: Oscillating [13] - **Synthetic Rubber**: Oscillating [15] - **Cotton**: Oscillating [16] - **Sugar**: Long - term: oscillating with a downward bias; Short - term: maintain the view of shorting on rebounds [17] - **Pulp**: Oscillating [18] - **Logs**: Oscillating with a slight downward bias [19] 2. Core Views of the Report The report analyzes multiple agricultural products, including oils and fats, protein meal, corn/starch, hogs, rubber, cotton, sugar, pulp, and logs. It provides insights into their market trends, supply - demand relationships, and price outlooks. For example, the hog market shows a pattern of "weak present + strong future" due to policy - induced production - cut expectations; the oils and fats market is expected to be oscillating with a slight upward bias considering overseas bio - diesel demand and domestic export expectations [11][8]. 3. Summary According to Relevant Catalogs 3.1 Market Views 3.1.1 Oils and Fats - **Industry Information**: MPOA data shows a 9.01% month - on - month increase in estimated Malaysian palm oil production in July. The overall estimated production is 1.84 million tons. ITS and AmSpec data indicate a decline in July's Malaysian palm oil exports [8]. - **Logic**: Due to the expected high yield of US soybeans and concerns about demand, US soybeans fell on Tuesday. Domestic oils showed a differentiated trend, with soybean oil being stronger. The global and domestic supply - demand situation of different oils varies, with soybean oil having inventory increases and export expectations, palm oil facing inventory pressure, and rapeseed oil having high inventory [8]. - **Outlook**: In the short - term, palm oil and soybean oil are likely to be stronger, influenced by the expected increase in overseas bio - diesel demand and domestic soybean oil export expectations [8]. 3.1.2 Protein Meal - **Industry Information**: On August 6, 2025, international soybean trade premiums and discounts showed different trends. The average profit of Chinese imported soybean crushing increased [9]. - **Logic**: Internationally, the good growth of US soybeans and the expected high yield, along with changes in trade relations and CFTC net short positions, affect the market. Domestically, in the short - term, due to the peak season of aquaculture, rapeseed meal is stronger than soybean meal. In the long - term, there is a potential supply gap in the fourth quarter [9]. - **Outlook**: In the next two weeks, the inventory of soybean meal may reach a peak. Spot and basis prices may oscillate at a low level. The far - month contracts are expected to strengthen [9]. 3.1.3 Corn/Starch - **Industry Information**: The average domestic corn price and the closing price of the main contract decreased [10]. - **Logic**: On the supply side, there are differences in the judgment of channel inventory, and the auction transaction rate of imported corn is low. On the demand side, downstream acceptance of high - priced grains is low. Policy - wise, the transaction rate and premium of imported corn are decreasing [10]. - **Outlook**: In the short - term, there is uncertainty in the old - crop inventory reduction. After the new - crop is listed, there is a downward pressure on prices [10]. 3.1.4 Hogs - **Industry Information**: On August 6, the spot price of hogs in Henan decreased slightly, while the futures closing price increased [11]. - **Logic**: The proposed meeting by the China Animal Husbandry Association to discuss sow production cuts triggered market sentiment. In the short - term, large - scale farms are actively reducing weight and inventory, but the inventory of secondary - fattening by smallholders is high. In the medium - term, the supply is expected to increase. In the long - term, policies may lead to a reduction in production capacity [11]. - **Outlook**: The hog market shows large fluctuations. The spot and near - month contracts are under pressure, while the far - month contracts are influenced by production - cut expectations [11]. 3.1.5 Natural Rubber - **Industry Information**: The prices of various rubber products in Qingdao Free Trade Zone remained stable, and the prices of raw materials in the Thai market increased slightly [13]. - **Logic**: The macro - environment is favorable, and there is some speculative sentiment in the market. The supply is limited due to the rainy season, and the demand is relatively stable in the short - term [13]. - **Outlook**: In the short - term, it follows the overall commodity sentiment, and attention should be paid to capital sentiment [13]. 3.1.6 Synthetic Rubber - **Industry Information**: The prices of butadiene rubber and butadiene showed different trends [15]. - **Logic**: The BR futures rose slightly, driven by natural rubber and the macro - environment, and supported by the tight supply of butadiene. However, the fundamental driving force is not clear [15]. - **Outlook**: It will generally maintain an oscillating range, and attention should be paid to device changes [15]. 3.1.7 Cotton - **Industry Information**: As of August 6, the number of registered warrants and the closing price of Zhengzhou cotton increased slightly [16]. - **Logic**: In the 2025/2026 season, the global cotton supply is expected to be abundant. The downstream demand is in the off - season, and the inventory is at a low level compared to the same period. The price is oscillating within a range [16]. - **Outlook**: It will oscillate within the range of 13,500 - 14,300 yuan/ton, and attention should be paid to the 11 - 1 reverse spread [16]. 3.1.8 Sugar - **Industry Information**: On August 6, the closing price of Zhengzhou sugar decreased [17]. - **Logic**: In the long - term, the new season is expected to have a loose supply. In the short - term, the supply pressure will increase due to the peak production and export season in Brazil and the concentrated import in China [17]. - **Outlook**: In the long - term, the price is expected to oscillate with a downward bias. In the short - term, it is recommended to short on rebounds [17]. 3.1.9 Pulp - **Industry Information**: The prices of various pulp products in Shandong remained stable or decreased slightly [18]. - **Logic**: The futures price fluctuated at a low level. The supply of broad - leaf pulp is abundant, the demand is weak, and the overseas market is also weak. However, the recent increase in domestic broad - leaf pulp prices is worth noting [18]. - **Outlook**: It is expected to oscillate widely, and attention can be paid to the low - absorption long - matching opportunity when the main contract falls to 5,200 - 5,250 yuan/ton [18]. 3.1.10 Logs - **Industry Information**: After the first - month delivery of logs, the short - term fundamentals changed little [19]. - **Logic**: The new foreign quotation has increased, but the domestic market is in the off - season. There are both positive and negative factors in the market, and the supply pressure is gradually easing [19]. - **Outlook**: The market is intertwined with multiple factors. It is recommended to operate within the range of 800 - 850, and the industrial side can participate in hedging according to its own costs [19]. 3.2 Variety Data Monitoring The report also mentions data monitoring for various products such as oils and fats, corn/starch, hogs, rubber, cotton, sugar, pulp, and logs, but specific data details are not provided in the text [22][53][72].

1. Report Industry Investment Ratings - **Oils and Fats**: Weakening with fluctuations [5] - **Protein Meal**: Fluctuating [7] - **Corn and Starch**: Fluctuating [8][9] - **Hogs**: Fluctuating [2][9] - **Natural Rubber**: Fluctuating horizontally [9][10][11] - **Synthetic Rubber**: Maintaining range-bound fluctuations [12] - **Cotton**: Fluctuating in the short term, with a reference range of 13,500 - 14,300 yuan/ton [13] - **Sugar**: Weakening with fluctuations in the long term, rebounding with fluctuations in the short term [14][16] - **Pulp**: Fluctuating, with a weakening bias [17] - **Logs**: Weakening with fluctuations [18] 2. Core Views of the Report - **Overall**: The report analyzes the market conditions of multiple agricultural products, including oils and fats, protein meal, corn, hogs, rubber, cotton, sugar, pulp, and logs. It assesses the supply - demand situation, price trends, and future outlooks for each product [2][5][7][8][9][10][13][14][17][18]. - **Short - term Outlook**: Most products are expected to show a trend of fluctuating, with some having a weakening or strengthening bias. For example, oils and fats are expected to weaken with fluctuations, while protein meal is expected to fluctuate [5][7]. - **Long - term Outlook**: Some products, such as hogs and sugar, are in a downward cycle or face supply - driven downward pressure in the long term [2][16]. 3. Summary by Relevant Catalogs 3.1 Oils and Fats - **Industry Information**: In 2025, Canada's rapeseed planting area decreased by 2.5% year - on - year. The US soybean planting is completed, and its growth is good. CNPE will raise Brazil's biodiesel blending ratio from 14% to 15% on August 1. China's imported soybean arrivals are large, and domestic soybean oil inventory is rising. The expected increase in palm oil production in June is limited, and export expectations are optimistic. Domestic rapeseed oil inventory is slowly declining but remains high [5]. - **Logic**: Due to technical rebounds, last Friday, US soybeans fluctuated strongly, while US soybean oil fluctuated weakly. Yesterday, China's three major oils and fats fluctuated weakly. Considering the macro - environment and industrial factors, oils and fats are expected to continue to weaken with fluctuations [5]. - **Outlook**: Oils and fats may continue to weaken with fluctuations in the near term, but the effectiveness of the lower technical support needs attention [5]. 3.2 Protein Meal - **Industry Information**: On June 30, 2025, international soybean trade premiums and discounts showed different changes. China's imported soybean crushing profit increased week - on - week and year - on - year [6]. - **Logic**: Internationally, US soybeans are in a range - bound fluctuation. Domestically, soybean arrivals are increasing, oil mill inventories are rising, and downstream replenishment is insufficient, leading to supply pressure. In the long term, the consumption demand for soybean meal may increase steadily [7]. - **Outlook**: US soybeans are expected to maintain range - bound fluctuations. Domestic soybean meal inventories continue to accumulate. Oil mills can sell on rallies, and downstream enterprises can buy basis contracts or price at low prices after price drops [7]. 3.3 Corn and Starch - **Industry Information**: According to Mysteel, the FOB price at Jinzhou Port remained unchanged, and the domestic average corn price increased by 4 yuan/ton [8]. - **Logic**: Today, China's corn prices mainly rose. The remaining vehicles at North China's deep - processing enterprises decreased due to continuous rainy weather, and the purchase price increased. The demand for corn is being squeezed by wheat, and there are rumors of policy grain auctions [8][9]. - **Outlook**: Driven by the expected supply - demand gap, the price has an upward trend, but there may be corrections due to potential negative impacts from policy grain auctions [9]. 3.4 Hogs - **Industry Information**: On June 30, the spot price of hogs in Henan increased by 0.6% month - on - month, while the futures closing price decreased by 0.96% month - on - month [9]. - **Logic**: At the end of the month, the slaughter rhythm of farms slowed down, and the spot price rose, but the futures faced high - capacity and high - inventory pressure. In the short term, the average slaughter weight is decreasing, but the utilization rate of fattening pens is increasing. In the long term, the production capacity remains high, and the supply is expected to increase in the second half of the year [2][9]. - **Outlook**: The price is expected to fluctuate. Recently, the average slaughter weight is slowly decreasing, but farmers' fattening profit still attracts them to hold back hogs. Currently in the off - season of consumption, the price mainly fluctuates [2][9]. 3.5 Natural Rubber - **Industry Information**: On June 30, the prices of various rubber products in the Qingdao Free Trade Zone and the Thai raw material market showed different changes [9][10]. - **Logic**: The external environment has changed little, and rubber prices are fluctuating horizontally. The raw material price is relatively firm, providing strong support at the bottom. The supply is expected to increase, while the demand is expected to decrease [10][11]. - **Outlook**: Before the fundamentals provide clear guidance, rubber prices may continue to fluctuate with the overall commodity market [11]. 3.6 Synthetic Rubber - **Industry Information**: The spot prices of butadiene rubber and butadiene in different regions showed different changes [12]. - **Logic**: Recently, the macro - sentiment has been relatively positive, and the BR market has maintained range - bound fluctuations. The overall operating level has dropped to the lowest since May, and inventories have slightly increased [12]. - **Outlook**: The external situation may be temporarily controllable, and the market correction may not be over. Attention should be paid to the previous low support [12]. 3.7 Cotton - **Industry Information**: As of June 30, the number of registered cotton warrants in the 24/25 season was 10,273, and the closing price of Zhengzhou cotton 09 was 13,740 yuan/ton, a decrease of 20 yuan/ton [13]. - **Logic**: In the 25/26 season, cotton production in China and other major producing countries is expected to increase. The downstream is in the off - season, and the demand is weak. The current commercial inventory is at a relatively low level, which provides support for the price [13]. - **Outlook**: In the short term, cotton prices are expected to fluctuate within the range of 13,500 - 14,300 yuan/ton [13]. 3.8 Sugar - **Industry Information**: As of June 30, the closing price of Zhengzhou sugar 09 was 5,807 yuan/ton, an increase of 15 yuan/ton [14]. - **Logic**: Domestically, the 24/25 sugar production season has ended, and the sales rate is high, but there is an expectation of concentrated arrivals of imported sugar. Internationally, the new sugar seasons in Brazil, India, and Thailand are expected to have increased production [14][16]. - **Outlook**: In the long term, due to the expected increase in supply, sugar prices are expected to weaken with fluctuations. In the short term, they are expected to rebound with fluctuations [16]. 3.9 Pulp - **Industry Information**: On the previous trading day, the prices of various pulp products in Shandong showed different changes [17]. - **Logic**: Pulp imports remain high, and prices are in a downward trend. Demand is in the off - season, and downstream paper enterprises' inventories are increasing. The US dollar price is continuously falling, and the pulp market is facing downward pressure [17]. - **Outlook**: Due to weak supply - demand and potential positive impacts from changes in delivery rules, pulp futures are expected to fluctuate [17]. 3.10 Logs - **Industry Information**: The spot prices of logs in Jiangsu and Shandong remained stable, and the futures price of LG2507 decreased [18]. - **Logic**: Yesterday was the last trading day before the first log contract LG2507 entered the delivery month, and the price fluctuated and declined. The total inventory decreased, and the market is in the off - season. In the short term, the fundamentals are in a weak balance [18]. - **Outlook**: In the medium term, the market will gradually return to being dominated by fundamentals, and the far - month prices are expected to be weak [18].

Group 1: Global Trade and Economic Environment - The 2025 Global Trade and Investment Promotion Summit emphasized the importance of building an inclusive and open international economic environment to address challenges and seize opportunities [1][2] - The President of the New Development Bank highlighted the rapid development of technology, particularly in AI, big data, biotechnology, quantum computing, and electric vehicles, which are reshaping industries and creating new opportunities [2] - The need for enhanced international cooperation, especially among developing countries, was stressed to promote innovation and technology sharing [2] Group 2: Digital Trade and SMEs - The International Council for Small Enterprises called for the establishment of an inclusive digital trade ecosystem to support the sustainable development of SMEs, particularly from developing countries [3] - The importance of cross-border free movement of people, goods, and investments was highlighted, with a focus on the necessity of international cooperation for countries lacking comparative advantages [3] Group 3: AI and Supply Chain Resilience - AI is playing a significant role in international trade, optimizing every stage from product design to delivery, and enabling SMEs to overcome geographical limitations [4] - The integration of digital and intelligent technologies into supply chain planning and operations is crucial for maintaining economic stability and resilience in the face of global challenges [4] Group 4: Opportunities in the Chinese Market - The rapid development of AI technology in China presents vast opportunities for global cooperation, with foreign companies sharing their localized innovation experiences [7] - The bilateral trade between China and Mexico is projected to exceed $130 billion in 2024, highlighting the importance of multilateralism and cooperation [7] - The U.S. Soybean Export Council emphasized the new opportunities for U.S.-China soybean industry cooperation, particularly in the context of China's high-quality economic development [7] Group 5: Localized Innovation and Collaboration - Companies like Honeywell and Westinghouse Transportation Group have emphasized their commitment to the Chinese market, focusing on local innovation and supply chain integration [8][9] - The establishment of local R&D centers, such as Suzano's in Shanghai, demonstrates the trend of foreign companies deepening their investment and collaboration within China [9]