Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The USDA will release a weekly export sales report at 20:30 Beijing time on Thursday. Analysts expect US soybean export sales to increase by 20 - 90 tons in the week ending July 24, with 10 - 30 tons for the 2024 - 25 season and 10 - 60 tons for the 2025 - 26 season [1]. - US soybean meal export sales are expected to increase by 20 - 55 tons, with 10 - 30 tons for the 2024 - 25 season and 10 - 25 tons for the 2025 - 26 season. US soybean oil export sales are expected to increase by 0 - 2.3 tons, with 0 - 1.5 tons for the 2024 - 25 season and 0 - 0.8 tons for the 2025 - 26 season [1]. - Datagro forecasts Brazil's 2025/26 soybean production to reach 182.9 million tons, up from 173.5 million tons in the previous year [1]. - India's reduction of import tariffs on Indonesian palm oil may boost imports above 5 million tons. India imported 4.8 million tons and 6 million tons from Indonesia in 2024 and 2023 respectively [1]. 3. Other Summaries Production and Supply - Brazil's 2025/26 soybean production is expected to increase to 182.9 million tons from 173.5 million tons in the previous year [1]. Trade and Policy - Analysts expect US soybean, soybean meal, and soybean oil export sales to increase in the week ending July 24 [1]. - India has reduced the basic import tariff on crude palm oil from 20% to 10%, which may increase imports from Indonesia above 5 million tons [1]. Price and Profit - The report provides the spot prices of soybean meal, rapeseed meal, soybean oil, palm oil, and rapeseed oil from July 24 to July 30, 2025 [1]. - Information on import soybean crushing profit, grease import profit, protein meal basis, grease basis, and grease - oilseed price spread is also mentioned, but no specific data is presented [1].

Core Viewpoint - Palm oil futures prices have ended a four-day increase due to a cooling situation in the Middle East and a decline in palm oil exports from Indonesia, raising questions about the future price trends of palm oil [1] Group 1: Market Trends - Palm oil futures prices have experienced a four-day increase prior to the recent decline [1] - The cooling of the Middle East situation has contributed to the change in palm oil prices [1] - Indonesia's palm oil exports have decreased, impacting the overall market dynamics [1] Group 2: Future Outlook - The future trajectory of palm oil prices remains uncertain following the recent developments in the Middle East and Indonesia's export situation [1]

Group 1 - The core viewpoint of the articles highlights the robust growth of Guangxi's foreign trade in the first five months of the year, with total imports and exports reaching 323.64 billion yuan, a year-on-year increase of 14.8%, significantly outpacing the national growth rate by 12.3 percentage points [1] - Exports amounted to 199.07 billion yuan, reflecting a growth of 26.6%, while imports were 124.57 billion yuan, remaining stable compared to the same period last year [1] - The number of private enterprises engaged in foreign trade exceeded 4,000 for the first time, reaching 4,066, with a total import and export value of 224.03 billion yuan, up 16.1% year-on-year [1] Group 2 - The main export products from Guangxi in the first five months were electromechanical and labor-intensive products, which accounted for over 70% of total exports, with significant growth in clothing and lithium batteries [1] - The import of bulk commodities showed signs of recovery, with a total of 29.7 million tons imported, a year-on-year decrease of 2.4%, but the decline was narrowed by 4 percentage points compared to the previous four months [1] - Guangxi's industrial sector has been actively supported by the government, leading to increased production and investment, which has significantly bolstered foreign trade [2] Group 3 - The export figures for specific industries in Guangxi included electrical machinery and equipment at 28.26 billion yuan, paper manufacturing at 4.83 billion yuan, automotive at 9.7 billion yuan, and computer and electronic equipment at 41.08 billion yuan, with respective year-on-year growth rates of 55.5%, 24.6%, 24.3%, and 25.9% [2] - The import of consumer goods reached 6.45 billion yuan, a year-on-year increase of 5.9%, with notable growth in imports of palm oil from Indonesia, bananas from Cambodia, and fruit juices from Thailand, contributing to a 15.2 percentage point increase in consumer goods imports [2]