Core Insights - The domestic oilseed and oil futures market showed mixed performance on September 5, with canola and palm oil prices rising over 1% while soybean meal experienced a slight decline [1][2] Price Movements - Canola futures rose by 1.57% to 5225.00 CNY/ton - Palm oil futures increased by 1.34% to 9502.00 CNY/ton - Soybean meal futures decreased by 0.10% to 3060.00 CNY/ton - Soybean oil futures rose by 0.84% to 8418.00 CNY/ton [1] Futures Market Data - The opening and closing prices for various contracts on September 5 were as follows: - Soybean oil: Opened at 8340.00 CNY, closed at 8348.00 CNY - Palm oil: Opened at 9382.00 CNY, closed at 9376.00 CNY - Canola oil: Opened at 9725.00 CNY, closed at 9713.00 CNY - Soybean meal: Opened at 3043.00 CNY, closed at 3063.00 CNY - Canola meal: Opened at 2514.00 CNY, closed at 2524.00 CNY [2] Warehouse Receipt Data - As of September 4, warehouse receipts showed the following changes: - Soybean oil: Increased by 1284 contracts to 16344 contracts - Palm oil: Increased by 200 contracts to 639 contracts - Canola oil: Increased by 235 contracts to 6879 contracts - Soybean meal: Increased by 3750 contracts to 19375 contracts - Canola meal: Decreased by 210 contracts to 4846 contracts [3] Basis Data - The basis data as of September 4 indicated a phenomenon of "inverted futures" for several contracts, where spot prices exceeded futures prices: - Canola oil: Spot price 9858.33 CNY, futures price 9713 CNY, basis 145 CNY - Canola meal: Spot price 2631.67 CNY, futures price 2524 CNY, basis 107 CNY - Palm oil: Spot price 9400 CNY, futures price 9376 CNY, basis 24 CNY - Soybean one: Spot price 4305 CNY, futures price 3966 CNY, basis 339 CNY - Soybean meal: Spot price 3084 CNY, futures price 3063 CNY, basis 21 CNY - Soybean oil: Spot price 8428 CNY, futures price 8348 CNY, basis 80 CNY [4]

Trade Relations - China aims to resume rapeseed trade with Australia after a five-year suspension [1] - The move seeks to secure supplies of rapeseed, a key animal feed ingredient [1] - This occurs amidst strained relations with Canada, a major supplier [1]

Ample monsoon rainfall in India has helped replenish water in key reservoirs, improving prospects for winter-sown crops such as wheat and rapeseed that mostly rely on dams and groundwater for irrigation https://t.co/eyI8ck0UQY ...

Core Viewpoint - The domestic oilseed market shows mixed performance, with canola meal futures rising while other oil futures decline as of June 30, indicating volatility in the sector [1]. Price Movements - Canola meal futures increased by 1.14% to 2572.00 CNY/ton - Canola oil futures decreased by 0.43% to 9421.00 CNY/ton - Palm oil futures fell by 0.69% to 8308.00 CNY/ton - Soybean oil futures dropped by 0.32% to 7976.00 CNY/ton [1][2]. Futures Market Data - Soybean oil opened at 7994.00 CNY, closing at 8002.00 CNY - Palm oil opened at 8366.00 CNY, closing at 8366.00 CNY - Canola oil opened and closed at 9466.00 CNY - Soybean meal opened at 2942.00 CNY, closing at 2938.00 CNY - Canola meal opened at 2558.00 CNY, closing at 2543.00 CNY [2]. Warehouse Receipt Data - Soybean oil warehouse receipts remained stable at 18882 lots - Palm oil warehouse receipts increased by 470 lots to 470 lots - Canola oil warehouse receipts remained stable at 300 lots - Soybean meal warehouse receipts rose by 9610 lots to 35561 lots - Canola meal warehouse receipts decreased by 1141 lots to 21544 lots [3]. Basis and Spot Prices - Canola meal spot price is 2475 CNY, with a futures price of 2509 CNY, resulting in a basis of -68 CNY and a basis rate of -2.75% - Palm oil spot price is 8586 CNY, with a futures price of 8366 CNY, resulting in a basis of 220 CNY and a basis rate of 2.56% - Soybean one spot price is 4295 CNY, with a futures price of 4144 CNY, resulting in a basis of 151 CNY and a basis rate of 3.52% - Soybean meal spot price is 2906 CNY, with a futures price of 2938 CNY, resulting in a basis of -32 CNY and a basis rate of -1.10% - Soybean oil spot price is 8254 CNY, with a futures price of 8002 CNY, resulting in a basis of 252 CNY and a basis rate of 3.05% [4].

Core Insights - The summer harvest season is commencing with increased wheat planting areas and preparations for rice sowing across the province [1][2] Group 1: Wheat Harvesting - In Suzhou Wujiang, over 30,000 acres of wheat have been harvested, with a planting area of 225,000 acres, an increase of 6,000 acres from last year [2] - In Kunshan, wheat planting reached 111,300 acres, a year-on-year increase of 6.51%, with expected yields slightly lower than last year but better than the average [2] - Various drought mitigation measures were implemented, including timely irrigation and the application of foliar fertilizers over 22,300 acres [2][3] Group 2: Drought Management - Continuous fine-tuning of agricultural management practices has helped mitigate the adverse effects of drought, with significant efforts in areas like Xishan District [3] - The district utilized "micro-sprinkler irrigation + foliar fertilization" to address soil moisture issues, achieving three times the efficiency of traditional methods [3] - A total of 12.042 million yuan was allocated for drought relief, with 4.65 million acres receiving foliar fertilizer applications [3] Group 3: Training and Technology - Training sessions are being conducted to reduce losses during mechanical harvesting, with a focus on improving the skills of agricultural machinery operators [4][5] - The introduction of new harvesting technologies has led to a noticeable reduction in loss rates compared to traditional models [4] - The establishment of automated seedling production lines is enhancing efficiency, with a capacity to plant 2,400 trays per hour [7][8] Group 4: Rice Cultivation - The province is promoting high-quality seedling production to ensure stable and high rice yields, with a focus on smart and standardized cultivation techniques [6][8] - The total intended rice planting area is 3.0489 million acres, with six factory-based seedling centers already established [7][8] - The integration of IoT and big data technologies is being encouraged to improve agricultural practices and machinery [7][8]

Group 1 - The main crop for summer grain in China is wheat, with a significant amount of summer oilseed crops also being produced. The overall production situation for summer grain and oil is favorable, with large-scale harvesting expected in about half a month [1] - In Sichuan, Hubei, and Jiangxi, oilseed rape harvesting has begun, with high mechanization rates leading to cost savings. In Mianyang, Sichuan, over 1,200 harvesters are assisting farmers, achieving a mechanization rate of over 80% and saving more than 30% in costs [1] - In Jingmen, Hubei, the promotion of two-stage harvesting technology has significantly increased oilseed rape yield, reducing the loss rate from 30% to below 8%. As of now, 75.8 thousand acres of the 232 thousand acres have been harvested [3] Group 2 - In Fuzhou, Jiangxi, oilseed rape harvesting is nearing completion, with over 10 thousand acres harvested and a mechanization rate of over 90%. The harvesting began in late April, with over 2,800 farming households involved [5] - In Pinglu County, Shanxi, over 250 thousand acres of winter wheat are in the filling stage, with efforts underway to ensure high yields through the use of plant protection drones. The county has adopted a "three unifications" model to address the challenges of scattered plots [9] - The agricultural department in Pinglu County has completed plant protection work on 170 thousand acres of wheat, with plans to cover all 250 thousand acres in the next three to five days [9]

Group 1 - Jiangsu Xuzhou's Feng County has 650,000 acres of wheat entering the filling stage, supported by IoT pest monitoring, drone protection, and scientific irrigation measures [1][5] - The IoT pest monitoring system collects data on pest types, quantities, and activity, enabling timely responses to agricultural pest issues [1][3] - In 2025, Feng County received 60.9 mm of rainfall, which is 40% of the average for the same period over the past decade, prompting local authorities to adjust irrigation based on weather and soil moisture data [5][12] Group 2 - In Shandong Jining's Yanzhou District, 390,000 acres of wheat are also in the critical filling stage, with various meteorological observation devices capturing data to support increased yields [6][8] - The meteorological stations provide real-time monitoring of key weather elements, aiding scientific decision-making in agriculture [10][12] - The integration of technology in agriculture, such as the use of drones for precise spraying, enhances productivity and efficiency [6][21] Group 3 - In Hubei Shishou, the introduction of ducks and frogs in rice fields reduces the need for chemical fertilizers and pesticides, achieving a 46% reduction in fertilizer use and a 90% reduction in pesticide use [19][26] - The "duck-frog-rice" model allows for sustainable pest management, with 15,000 frogs introduced during the rice heading stage to replace chemical insecticides [19] - The use of smart machinery, such as unmanned transplanting machines, significantly reduces labor time and improves planting efficiency [21][24] Group 4 - In Guizhou Qiannan, a group of "post-90s" new farmers is enhancing agricultural mechanization through a full-chain service model, providing drone and machinery services for over 270,000 acres of farmland in 2024 [29][35] - This young workforce is not only operating advanced agricultural machinery but also innovating and localizing equipment to better suit local needs [33] - The increasing demand for their services reflects a growing trend towards modernization and efficiency in local agriculture [35]

Core Insights - OÜ EG Biofond signed an investment agreement to acquire a 96.6% shareholding in OÜ Estonia Farmid, with a 3.4% shareholding retained by its subsidiary Osaühing Estonia, pending approval from the Competition Authority [1] - Estonia Farmid OÜ manages three agricultural companies and operates 9,400 hectares of arable land, employing nearly 150 people [1] - The dairy farms under Estonia Farmid OÜ have a total of 2,640 dairy cows, with an average milk production of 13,300 kilograms per cow annually, and the company also produces 27,000 tons of grains and rapeseed per year [1] Company Overview - Infortar is a prominent group in Estonia, operating in seven countries with activities in maritime transport, energy, real estate, and agriculture, among others [6] - Infortar holds a 68.47% stake in Tallink Grupp and a 100% stake in Elenger Grupp, with a real estate portfolio of approximately 141,000 m² [6] - The group consists of 110 companies, employing 6,228 people, and has expanded its presence across agriculture, industry, and services [3][6] Industry Context - The agricultural sector, particularly dairy production, is highlighted as a competitive area for Estonia, with fertile farmland contributing to high-quality milk production [2] - The dairy industry is considered a key pillar of Estonia's economy, alongside timber and minerals [2]