在黑龙江海伦一家有着十几年经营历史的大豆油压榨厂，记者看到，本应该忙碌的工厂现在却选择了停产检修。负责人告诉记者，目前，进口大豆到港均价 在3900元/吨左右，较国产高油大豆价格低100-200元/吨，且进口大豆出油率比国产高油大豆高出2-3个百分点，这让压榨国产大豆的油厂在原料的收购上愈 发谨慎。 与海伦油厂的冷清形成鲜明对比，在山东禹城，一家大豆精深加工的企业正迎来生产旺季。这家企业产品涵盖大豆分离蛋白、植物肉、功能饮料等多个品 类，精准瞄准进口大豆难以替代的需求市场。随着消费市场需求升温，企业已逐步加大新豆采购力度。 （央视财经《经济信息联播》）随着国产大豆大量上市，叠加进口大豆持续稳定到港，我国大豆产业链下游加工企业正面临"双源供给"下的差异化竞争格 局。伴随着我国的消费升级，围绕国产大豆价值挖掘的产业升级正在上演。 海关数据显示：2025年1-10月，我国进口大豆9568.2万吨，同比增加6.4%。专家表示，近年来，随着产业链条不断延伸，我国对大豆的整体需求量将稳步提 升。 山东禹城某大豆加工企业负责人 张静：自新季大豆上市以来，我们采购量5万多吨，其中高蛋白大豆采购比例占到30%以上，与去年同期相 ...

2025年11月24日，京粮控股（sz000505）触及涨停，涨停价8.91元，涨幅10%，总市值64.77亿元，流通 市值56.35亿元，截止发稿，总成交额2.29亿元。 根据喜娜AI异动分析，京粮控股涨停原因可能如下，公司治理优化+现金流改善+聚焦主业： 1、公司近 期完成董事会换届，设立专业委员会，完善了治理架构，还修订多项制度、建立信息披露管理办法，使 公司治理规范化程度提升，这些长期利好因素可能增强了投资者信心。同时，2025年经营活动现金流净 额同比增长169.59%，现金流状况的改善为公司发展提供了有力支撑。 2、公司调整贸易业务定位，聚 焦油脂与食品加工主业。其主营业务包括油脂油料加工、贸易及食品加工，油脂业务有大豆油等产品， 食品业务涵盖薯片、糕点等，聚焦主业有助于公司集中资源，提升核心竞争力。 3、从市场情况来看， 近期食品加工和油脂行业可能存在一定的热点。同花顺数据显示，当日食品加工板块部分个股表现活 跃，形成一定的板块联动效应。资金流向方面，当日京粮控股获得主力资金的流入，推动股价涨停。技 术形态上，该股MACD指标在近期有形成金叉的趋势，显示短期多头力量增强。 声明：市场有风险，投资 ...

Core Insights - The overall price trends in Jining, Shandong province indicate a mixed performance across various categories of goods, with stable increases in grain and oil prices, fluctuating meat and egg prices, slight rises in vegetable prices, and stable agricultural production material prices [1] Grain and Oil Prices - Grain prices are showing a steady increase, with average retail prices for wheat and corn at 1.21 yuan/kg and 1.06 yuan/kg, reflecting month-on-month increases of 1.68% and 0.95% respectively [3] - Retail prices for japonica rice and premium flour remain stable at 2.55 yuan/kg and 1.87 yuan/kg [3] - The average retail prices for cooking oils, such as peanut oil and soybean oil, are stable at 159.34 yuan per 5-liter container and 60.76 yuan per 5-liter container [3] Meat and Egg Prices - Pork prices are experiencing slight fluctuations, with average retail prices for fatty pork and lean pork at 11.06 yuan/kg and 12.21 yuan/kg, showing increases of 0.18% and decreases of 1.77% respectively [4] - Beef and lamb prices have increased slightly, with average retail prices at 32.36 yuan/kg and 35.21 yuan/kg, reflecting increases of 0.53% and 0.40% [4] - Chicken and egg prices are declining, with average retail prices at 8.13 yuan/kg and 3.15 yuan/kg, showing decreases of 0.49% and 1.25% respectively [4][5] Vegetable Prices - Vegetable prices are on a slight upward trend, with a composite average price of 3.34 yuan/kg, reflecting a month-on-month increase of 3.95% [7] - Notable increases in specific vegetables include leeks and eggplants, which have risen by 52.11% and 14.95% respectively [7] Agricultural Production Material Prices - Agricultural production material prices are generally stable, with fertilizer prices showing slight increases; ammonium bicarbonate and compound fertilizers are priced at 1.17 yuan/kg and 3.13 yuan/kg, remaining stable [8] - Urea, potassium chloride, and diammonium phosphate have seen month-on-month increases of 0.55%, 0.66%, and 0.71%, with prices at 1.84 yuan/kg, 3.36 yuan/kg, and 4.23 yuan/kg respectively [8] - Prices for agricultural films and pesticides remain stable, with average retail prices for greenhouse film and ground film at 13.25 yuan/kg and 12.33 yuan/kg [8]

在刚刚结束的上海进博会现场，美国大豆出口协会首席执行官苏健面对中国客户时语气诚恳："如果中国需要买大豆，希望第一个电话能够打给美国。"他身 后是一群带着中文名片、拼命推销的美国豆农。这与七年前美国政府对中国挥舞关税大棒时的傲慢形成鲜明对比。 中国在过去十年内向巴西的仓库、铁路、港口等基础设施投入大量资金，使巴西大豆运往中国的物流成本降低15%，效率提升20%。这种供应链的切换并非 临时选择，而是长期布局的结果。 中国市场的多元化战略不仅体现在进口渠道上。2025年上半年，中国大豆油出口达到13.9万吨，超过2023和2024年总和。 中国还在测试从阿根廷进口豆粕，近期采购量已达9万吨。同时，国内大豆自给率从17%提升至34%，计划五年内过半。黑龙江等高蛋白大豆单产提高11%， 饲料企业也在减少豆粕使用比例。 美国豆农的困境在数字中体现得淋漓尽致。2024年，美国大豆出口额达245.8亿美元，其中中国买下超半数，进口量近2700万吨，价值126.4亿美元。而到了 2025年，美国对华大豆出口量不及去年零头。 1400万至1600万吨潜在订单的流失，不仅带来经济冲击，更引发连锁反应：全美农场破产数同比飙升55%， ...

路透：中粮集团周一购买了至少14船美国大豆，或至少84万吨，将于12月和1月发货。外汇交易员 (@myfxtrader):中粮集团的油籽部门表示，该公司已签署协议采购巴西黄大豆、大豆油、棕榈油等农产品，总采购量接近2000万吨，价值超过100亿美元。声明中没有提及美国农产品。 https://t.co/5yjcw6qZEb ...

1. Report Industry Investment Rating - The investment rating for the industry is neutral [4] 2. Core View of the Report - The prices of the three major oils fluctuated yesterday. South American soybean sowing is progressing smoothly with favorable weather in the producing areas, and Argentina has also started sowing, with over 4% progress. The USDA is expected to release a monthly supply and demand report this week, which will revise the September US soybean yield data and have a significant impact on the market [3] 3. Summary by Relevant Catalog 3.1 Futures and Spot Market Conditions - Futures: The closing price of the palm oil 2601 contract yesterday was 8,770 yuan/ton, a change of +80 yuan or +0.92% compared to the previous day; the closing price of the soybean oil 2601 contract was 8,238 yuan/ton, a change of +10 yuan or +0.12%; the closing price of the rapeseed oil 2601 contract was 9,775 yuan/ton, a change of +188 yuan or +1.96% [1] - Spot: In the Guangdong region, the spot price of palm oil was 8,740 yuan/ton, a change of +140 yuan or +1.63%, and the spot basis was P01 - 30 yuan, a change of +60 yuan; in the Tianjin region, the spot price of first - grade soybean oil was 8,430 yuan/ton, a change of +40 yuan/ton or +0.48%, and the spot basis was Y01 + 192 yuan, a change of +30 yuan; in the Jiangsu region, the spot price of fourth - grade rapeseed oil was 10,130 yuan/ton, a change of +190 yuan or +1.91%, and the spot basis was OI01 + 355 yuan, a change of +2 yuan [1] 3.2 Market Information Aggregation - Domestic soybean crushing: Last week, the soybean crushing volume of major domestic oil mills continued to decline significantly, falling short of market expectations and reaching a six - month low. The average operating rate of domestic oil mills was 52.94%, a decrease of 8.66% from the previous week's 61.60%. The total soybean crushing volume of national oil mills was 1.9862 million tons, a decrease of 324,900 tons from the previous week's 2.3111 million tons. Among them, the crushing volume of domestic soybeans was 53,200 tons, and the crushing volume of imported soybeans was 1.933 million tons. This week, the expected soybean processing volume is expected to rise again to 2.3302 million tons, with an operating rate of 62.11% [2] - Imported grain and oil prices: The C&F price of US Gulf soybeans (December shipment) was 501 US dollars/ton, an increase of 2 US dollars/ton compared to the previous trading day; the C&F price of US West soybeans (December shipment) was 496 US dollars/ton, a decrease of 4 US dollars/ton; the C&F price of Brazilian soybeans (December shipment) was 495 US dollars/ton, an increase of 5 US dollars/ton. The import soybean premium quotes: 238 cents/bushel for the Gulf of Mexico (December shipment), a decrease of 5 cents/bushel; 225 cents/bushel for the US West Coast (December shipment), a decrease of 20 cents/bushel; 220 cents/bushel for Brazilian ports (December shipment), an increase of 3 cents/bushel. The C&F price of Canadian rapeseed (January shipment) was 528 US dollars/ton, an increase of 5 US dollars/ton; the C&F price of Canadian rapeseed (March shipment) was 536 US dollars/ton, an increase of 4 US dollars/ton. The C&F price of Argentine soybean oil (December shipment) was 1,144 US dollars/ton, an increase of 17 US dollars/ton; the C&F price of Argentine soybean oil (February shipment) was 1,138 US dollars/ton, an increase of 2 US dollars/ton. The C&F quotes for imported rapeseed oil: 1,085 US dollars/ton for Canadian rapeseed oil (December shipment), unchanged; 1,065 US dollars/ton for Canadian rapeseed oil (February shipment), unchanged. The shipping freight from Southeast Asian palm oil (December shipment) to central China was 27 US dollars/ton, unchanged; the shipping freight from Argentine soybean oil (December shipment) to central China was 110 US dollars/ton, unchanged; the shipping freight from Canadian rapeseed oil (December shipment) to central China was 65 US dollars/ton, unchanged [2] - International production and export forecasts: As of November 10, Indonesia's biodiesel consumption this year has reached 12.25 million kiloliters, made from palm - oil - based fatty acid methyl esters (FAME). The Indonesian government has allocated 15.6 million kiloliters of FAME for biodiesel consumption in 2025. From November 1 - 10, 2025, the yield per unit area of Malaysian palm oil decreased by 4.14% compared to the same period last month, the oil extraction rate decreased by 0.4%, and the output decreased by 2.16%. It is predicted that Brazil's soybean exports in November are expected to reach 4.26 million tons, higher than the previous week's 3.77 million tons; the expected export of soybean meal is 2.47 million tons, higher than the previous week's 2.23 million tons; the expected export of corn is 6.04 million tons, higher than the previous week's 5.57 million tons [2]

Commodity Procurement - COFCO's oilseed division has signed agreements to purchase agricultural products including Brazilian yellow soybeans, soybean oil, and palm oil [1] - The total procurement volume is nearly 20 million tons, valued at over $10 billion [1] - The statement does not mention US agricultural products [1]

Core Viewpoint - Shandong Binzhou is implementing a comprehensive food emergency guarantee system to enhance food security, integrating resources across storage, processing, distribution, and supply chains [1] Group 1: Source Guarantee System - Development of order-based planting to encourage high-quality grain cultivation, with 2.7 million acres of high-quality wheat and 300,000 acres of high-quality soybean planted [2] - Establishment of a government credit guarantee fund for grain purchases, with over 260 fixed collection points and a total of 165.56 million tons of high-quality wheat purchased, generating a total benefit of 1.55 billion yuan [2] Group 2: Monitoring and Early Warning - Regular monitoring of grain and oil markets to ensure stable supply, with 46 enterprises selected as emergency guarantee companies [3] - Implementation of a risk inspection mechanism to maintain market stability during critical periods [3] Group 3: Storage Service System - Investment in emergency storage capabilities, with a target of at least 15,000 tons of emergency grain storage capacity [4] - Improvement of storage logistics, with a total of 300,000 tons of social storage capacity achieved [4] Group 4: Processing and Transformation System - Upgrading processing equipment to increase product variety, with annual processing capacities of 1.8 million tons of wheat and 650,000 tons of soybeans [5] - Maintaining stable inventories of processed products, with daily processing capabilities ensuring supply for over 10 days [5] Group 5: Smart Kitchen Expansion - Support for the establishment of three smart central kitchens, capable of producing 227,000 tons of various food products annually [6] Group 6: Distribution System - Expansion of emergency supply network to ensure coverage in every town, with over 150 convenience stores modified to meet emergency grain and oil needs [7] - Establishment of a rapid response mechanism for emergency distribution, with a daily delivery capacity exceeding 2,000 tons [7]

Overview - The demand for soybean oil is steadily increasing due to rising living standards and dietary upgrades in China, with consumption expected to reach 17.45 million tons in 2024, while production is projected at 17.29 million tons [1][14] - The average market price of soybean oil in China is anticipated to drop to 7,962.6 yuan per ton in 2024, leading to a decrease in the market size of the soybean oil industry to 138.94 billion yuan [1][14] - The import volume of soybean oil is expected to decline significantly, with imports falling to 282,100 tons in 2024, and the import value decreasing to 267 million USD [14] Industry Development - Soybean oil is one of the most widely produced and consumed vegetable oils globally, known for its quality and low cost, making it a major source of edible oil [2][8] - The industry has evolved from a state-controlled supply system to a more market-oriented approach since the 1980s, with significant policy changes encouraging foreign investment and market liberalization [6][7] - Recent trends show a growing consumer preference for high-quality, health-oriented soybean oil products, such as non-GMO and organic certified oils, prompting companies to innovate and diversify their product offerings [7][9] Market Policies - The Chinese government has implemented various policies to enhance soybean self-sufficiency and ensure raw material supply, while also enforcing strict quality and safety standards for soybean oil production [9][10] Industry Chain - The soybean oil industry encompasses upstream activities like soybean planting and procurement, midstream production, and downstream consumption across households, restaurants, and food processing sectors [11][12] - The domestic soybean planting area reached 10.47 million hectares in 2023, with a production of 20.84 million tons, supporting the growth of the soybean oil industry [13] Competitive Landscape - The market concentration of the soybean oil industry has increased, with major players like Yihai Kerry, COFCO, and Shandong Luhua holding significant market shares [15][16] - Yihai Kerry's "Golden Dragon Fish" brand has a strong market presence, supported by extensive production capabilities and a wide distribution network [15][16] Future Trends - The market for refined soybean oil is expected to expand, with a growing demand for small-packaged products and customized blended oils [17][18] - The industry is likely to shift towards green and low-carbon practices, with increased adoption of renewable energy technologies and a focus on reducing carbon emissions [17][18]

Core Points - The Guizhou Qiannan Market Supervision Administration announced the results of the 2025 food safety special sampling inspection, indicating that all 48 batches of food tested were qualified [2][3][4]. Group 1: Inspection Results - A total of 48 batches of various food categories, including condiments, candy, edible oils, alcoholic beverages, catering food, fruit products, and aquatic products, were sampled and tested [2][3]. - All sampled products passed the inspection, confirming their compliance with food safety standards [2][3][4]. Group 2: Sampling Details - The inspection was part of the "You Order, I Inspect" initiative aimed at enhancing food safety and responding to public concerns [2]. - The sampling included products from various manufacturers, with specific details such as product names, specifications, and production dates provided in the report [2][3][4].