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].

Group 1 - The article discusses the projections for soybean and oilseed production, highlighting changes in planting area, yield, and total supply for the 2024/25 and 2025/26 seasons [1][2] - For soybeans, the harvested area is expected to decrease slightly from 86.1 million acres to 82.5 million acres, while the yield remains stable at 50.7 bushels per acre for 2024/25 [1] - The total soybean production is projected to decline from 4,366 million bushels to 4,335 million bushels in 2025/26, with a corresponding decrease in total supply from 4,734 million bushels to 4,705 million bushels [1] Group 2 - The oil production is forecasted to remain stable at 28,800 million pounds for 2024/25, with a slight increase in total supply from 30,851 million pounds to 31,871 million pounds in 2025/26 [2] - Domestic usage of oil is expected to decrease from 26,800 million pounds to 26,700 million pounds in 2024/25, while biodiesel usage is projected to drop significantly from 12,900 million pounds to 12,250 million pounds [2] - The total demand for oil is anticipated to decline slightly from 29,400 million pounds to 29,300 million pounds in 2024/25, with an increase in ending stocks from 1,451 million pounds to 1,531 million pounds in 2025/26 [2]

Report Summary 1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - The USDA will release its weekly export sales report at 20:30 Beijing time on Thursday. A survey of industry analysts shows that as of the week ending May 15, US soybean export sales are expected to increase by 190,000 to 700,000 tons, with the current marketing year expected to increase by 100,000 to 300,000 tons and the next marketing year by 90,000 to 400,000 tons [1] - US soybean meal export sales are expected to increase by 100,000 to 450,000 tons, with the current marketing year expected to increase by 100,000 to 400,000 tons and the next marketing year by 0 to 50,000 tons [1] - US soybean oil export sales are expected to increase by 0 to 32,000 tons, with the current marketing year expected to increase by 0 to 22,000 tons and the next marketing year by 0 to 10,000 tons [1] - Data from the SPPOMA shows that from May 1 - 20, 2025, Malaysian palm oil production increased by 3.72% month - on - month, fresh fruit bunch yield increased by 1.72%, and oil extraction rate increased by 0.38% [1] 3. Summary by Related Catalogs 3.1 Spot Prices - Spot prices of various products from May 15 - 21, 2025 are presented, including soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu [2] 3.2 Protein Meal Basis and Oil Basis - No specific data provided, only the topics are mentioned [3] 3.3 Oil and Oilseed Futures Price Spreads - Only the topic is mentioned, no specific data provided [5]