Group 1: Agricultural Products - Soybean imports in April reached 608,000 tons, with a cumulative total of 2,319,000 tons for the first four months, reflecting a year-on-year decrease of 29.1% and 14.6% respectively [1] - Edible vegetable oil imports totaled 480,000 tons in April, with a cumulative total of 2,203,000 tons, showing a decline of 2.5% in April and 11.8% year-on-year [1] - Cotton imports were 60,000 tons in April, with a cumulative total of 400,000 tons, indicating a significant drop of 82.2% in April and 71.1% year-on-year [1] Group 2: Minerals and Metals - Iron ore and its concentrates imports reached 10,314,000 tons in April, with a cumulative total of 38,836,000 tons, showing a slight increase of 1.5% in April but a decrease of 5.5% year-on-year [2] - Copper ore and its concentrates imports were 292,000 tons in April, with a cumulative total of 1,003,000 tons, reflecting a year-on-year increase of 25.6% and 7.8% respectively [2] - Aluminum ore and its concentrates imports totaled 2,068,000 tons in April, with a cumulative total of 6,770,000 tons, indicating a year-on-year increase of 45.4% and 34.2% respectively [2] Group 3: Energy and Chemicals - Crude oil imports reached 4,806,000 tons in April, with a cumulative total of 18,303,000 tons, showing a year-on-year increase of 7.5% and a slight increase of 0.5% in April [2] - Finished oil imports were 357,000 tons in April, with a cumulative total of 1,292,000 tons, reflecting a significant decline of 32.9% in April and 25.6% year-on-year [2] - Natural gas imports totaled 1,096,000 tons in April, with a cumulative total of 6,683,000 tons, indicating a decrease of 5.6% in April and 9.2% year-on-year [2]

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints - As of the week ending April 15, large speculators switched to holding a net long position of 7,942 contracts in CBOT soybean futures and options [1] - Malaysia's palm oil product exports from April 1 - 20 were 704,568 tons, a 11.9% increase from the same period in March [1] - China's palm oil imports in March were 170,000 tons, a 3.5% year - on - year increase; imports from January - March were 380,000 tons, a 30.6% year - on - year decrease [1] - China's soybean oil imports from January - March were 20,000 tons, a 67.4% year - on - year decrease [1] - China's rapeseed oil and mustard oil imports from January - March were 730,000 tons, a 40.7% year - on - year increase [1] 3) Summary by Related Catalogs Overnight Market Information - Large speculators reduced net short positions in CBOT corn futures and options last week and switched to net long in CBOT soybean futures and options [1] - ITS data showed Malaysia's palm oil export growth from April 1 - 20 [1] - Chinese customs data revealed palm oil, soybean oil, and rapeseed oil import volume changes in March and January - March [1] Spot Prices - Spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from April 14 - 18, 2025 were presented in a table [2] Other Information - Information on main producing country precipitation, imported soybean crushing profit, and grease import profit was mentioned [1] - Information on grease basis, grease and oilseed price spreads, and protein meal basis was mentioned [6][9][12]