Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Core Viewpoints - Anec data shows Brazil's soybean export volume in a certain month is expected to be 1,437 million tons, 2% higher than the previous week's forecast and over 50 million tons more than last year; the expected export volume of Brazilian soybean meal is 197 million tons, a decrease of 10 million tons from the previous week's forecast [1] - Malaysia's palm oil production in a certain month reached 1.77 million tons, a 5.05% month - on - month increase, the highest in the same period since 2015 due to favorable weather; exports soared 25.62% to 1.38 million tons, mainly driven by strong demand from China and India, and the export momentum is expected to continue until the third quarter; short - term production may slow down and production activities in a certain month are expected to decrease [1] 3) Summary by Related Catalogs Export Sales - A private exporter reported the sale of 120,000 tons of soybean cake and soybean meal to an unknown destination for shipment in the 2025/2026 market year [1] Brazil's Exports - Brazil's soybean export volume in a certain month is expected to be 1,437 million tons, 2% higher than the previous week's forecast, and over 50 million tons more than last year; the expected export volume of soybean meal is 197 million tons, a decrease of 10 million tons from the previous week's forecast [1] Malaysia's Palm Oil - Malaysia's palm oil production in a certain month reached 1.77 million tons, a 5.05% month - on - month increase, the highest in the same period since 2015; exports increased by 25.62% (+283,000 tons) to 1.38 million tons, mainly due to strong demand from China and India; short - term production may slow down and production activities in a certain month are expected to decrease [1] Spot Prices - Spot prices of various products such as soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from June 11 to June 17, 2025 are provided [2] Basis - Protein meal basis and oil basis are mentioned, but no specific data is provided [3] Futures Spread - The term "oil and oilseed futures spread" is mentioned, but no specific content is provided

Group 1: Overnight Market Information - As of the week ending May 15, 2025, the U.S. soybean export inspection volume was 217,842 tons, lower than the market forecast of 300,000 - 550,000 tons, and the previous week's revised volume was 439,545 tons [8] - As of the week ending May 18, 2025, the U.S. soybean planting rate was 66%, higher than the market expectation of 65%, the previous week was 48%, last year's same - period was 50%, and the five - year average was 53%. The emergence rate was 34%, the previous week was 17%, last year's same - period was 25%, and the five - year average was 23% [8] - Private exporters reported the export sale of 145,000 tons of soybean cake and soybean meal to the Philippines for the 2024/25 market year [8] - Abiove raised the forecast of Brazil's 2024/25 soybean production to 169.7 million tons, previously 169.6 million tons, and slightly lowered the export volume forecast to 108.2 million tons, previously 108.5 million tons. It maintained the forecasts of soybean oil production, soybean meal export volume, and soybean meal production [8] - From the first three weeks of May, Brazil exported 7,836,693.24 tons of soybeans, with a daily average export volume of 712,426.66 tons, a 11.34% increase compared to the daily average export volume in May of the previous year [8] - In April 2025, China's palm oil imports were 160,000 tons, a 6.4% year - on - year increase. From January to April, the imports were 540,000 tons, a 22.8% year - on - year decrease. The January - April soybean oil imports were 20,000 tons, a 69.5% year - on - year decrease. The April rapeseed oil and mustard oil imports were 180,000 tons, an 18.4% year - on - year increase, and the January - April imports were 910,000 tons, a 35.6% year - on - year increase [8] - From May 1 - 15, 2025, Malaysia's palm oil production increased by 8.50% month - on - month, fresh fruit bunch yield increased by 6.34%, and oil extraction rate increased by 0.41% [8] Group 2: Spot Prices - The 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 May 13 - 19, 2025 are provided [1]