USDA Reports Strong Soybean Sales
USDA January Report: U.S. Soybean Supply and Demand Forecast Data
The expected ending stock of soybeans for the 2025/2026 season in the United States was 350 million bushels in January, compared to 290 million bushels in December, marking an increase of 60 million bushels on a month-over-month basis.
The USDA January report is重磅来袭! An increase in U.S. soybean inventory may become inevitable?
The USDA will release the January supply and demand report at 1:00 AM on January 13! The market expects an increase in U.S. soybean inventories, while U.S. corn inventories may be revised downward. Amid expectations of a bumper crop in South America, can the report bring any 'expectation deviation' surprises? This article highlights the key points of focus for this monthly report.
Express News | Soybean planting in Argentina is nearing completion, with expectations of a relaxed supply of soybean meal.
Express News | The domestic commodity futures market opened higher this morning, with polysilicon rising over 3%.
Express News | USDA: Exporters sold 104,328 metric tons of soybean meal and soybean flour to Mexico, with 93,895 metric tons scheduled for delivery in the 2025/2026 marketing year and 10,433 metric tons for delivery in the 2026/2027 marketing year.
Express News | Domestic commodity futures opened higher this morning, with silver futures up more than 3%.
Main contracts of domestic futures showed mixed performance with gains and losses.
Gelonghui December 11 | Rapeseed oil rose over 1%, and soybean meal increased nearly 1%. In terms of declines, liquefied petroleum gas (LPG) and coking coal fell more than 3%, asphalt dropped over 2%, and low-sulfur fuel oil (LU) and methanol decreased nearly 2%.
Last week, the ETF market saw a net inflow of 21.6 billion yuan, with money-market ETFs leading in capital attraction, while equity ETFs recorded a net inflow exceeding 10 billion yuan.
The ETF market saw a net inflow of RMB 21.6 billion last week, including RMB 6.949 billion for money market ETFs, RMB 6.895 billion for equity ETFs, RMB 4.102 billion for QDII equity ETFs, RMB 1.06 billion for commodity ETFs, and RMB 2.642 billion for bond ETFs.
ETF Market Review | Non-ferrous metals sector leads gains, with gold equity ETFs rising 4%.
Gelonghui December 1 | The three major A-share indices opened higher and continued to rise today, with the Shanghai Composite Index returning above the 3900-point mark. At the close, the Shanghai Composite Index gained 0.65% to 3914 points, the Shenzhen Component Index rose by 1.25%, and the ChiNext Index increased by 1.31%. The total market turnover amounted to 1.89 trillion yuan, representing an increase of 291.7 billion yuan compared to the previous trading day, with nearly 3,400 stocks rising. Themes such as AI smartphones and smart wearables were active; the semiconductor industry chain surged in the afternoon, led by gains in lithography machines and MCU chips. Stocks related to 6G, satellite navigation, commercial aerospace, servers, and memory also performed strongly. Meanwhile, e-commerce and lithium battery-related stocks underperformed. Regarding ETFs
ETF Monthly Report | S&P Biotech ETF, Soybean Meal ETF, Shanghai Gold ETF, and Gold ETF Rise; Money Market Funds and Bond Funds Become 'Safe Havens' for Capital
The ETF market experienced a significant capital migration in November. Beneath the surface of these figures, we can see market sentiment shaped by investors' actual financial commitments. The biotech sector witnessed a strong rebound in the ETF market during November, with the S&P Biotech ETF surging 14.03% for the month and the Nasdaq Biotech ETF rising 12.83%, showcasing the robust momentum within this niche. Commodity-related ETFs also delivered notable performances, as the S&P Oil & Gas ETF gained 4.30%, the GF Agricultural Products ETF rose 3.63%, and the Soybean Meal ETF climbed 3.37%. These increases reflect
Gold rebounds to the $4,200 mark! The gold ETF with the lowest fee rate, Huaxia (518850), has seen inflows exceeding 1.3 billion yuan over the past 20 days, while the sole soybean meal ETF (159985) has surged over 6% since October 20.
Gelonghui, November 28 | Driven by the rising expectations of a Fed rate cut in December, COMEX gold has just returned to the $4,200 mark, pushing the gold ETF Huaxia up by 0.72%, with a cumulative rebound of 2.66% this week. Another commodity ETF, the soybean meal ETF, continued to rise by 0.69%, receiving a net subscription of 1.2 million shares during trading. In terms of news, a series of speeches by Fed officials and the delayed release of economic data have all supported rate cut expectations. The probability of a 25 basis point rate cut in December exceeds 80%, and falling interest rates typically benefit gold assets. From a market trend perspective, commodity ETFs serve as shock absorbers for the stock market.
Hua Fu Securities: The reduction in hog production capacity is gradually becoming evident, with the national sow inventory falling below 40 million heads in October.
According to data from the Ministry of Agriculture and Rural Affairs, by the end of October, the national inventory of breeding sows fell below 40 million heads, a reduction of over 350,000 heads compared to September, with the effects of capacity reduction gradually becoming apparent.
ETF Midday Review | A-Share Market Plummets Across the Board, Rare Metals ETF Drops 7%
Gelonghui, November 21 | The three major A-share indices collectively adjusted. As of the midday break, the Shanghai Composite Index fell by 1.88%, the Shenzhen Component Index dropped by 2.72%, and the ChiNext Index declined by 3.18%. The half-day trading volume of the Shanghai, Shenzhen, and Beijing markets reached RMB 1.3174 trillion, an increase of RMB 200.4 billion compared to the previous day. Over 4,900 individual stocks across the entire market fell. The lithium battery industry chain experienced a comprehensive decline; computing power hardware themes collectively retreated, with memory and CPO sectors leading the losses. Photovoltaic, NVIDIA, stablecoin, consumer electronics, and semiconductor concept stocks were among the top decliners. Nearly 5,000 stocks in the market fell. In terms of ETFs, China AMC’s Soybean Meal ETF rose by 0.45%, leading the market.
The exclusive soybean meal ETF rose by 0.8%, ranking first in the entire market, while the Huaxia Gold ETF briefly turned positive and recorded net inflows for 16 consecutive days.
Gelonghui, November 21 | Global stock markets suffered heavy losses today, with commodity ETFs dominating the ETF gain rankings. The soybean meal ETF led the market with a 0.8% increase and has risen 4% cumulatively since October 20. The Huaxia Gold ETF briefly turned positive but is currently down 0.36%, with a cumulative increase of 50% year-to-date. The Huaxia Gold ETF has seen net inflows for 16 consecutive days, totaling RMB 9.91 billion. The soybean meal ETF has recorded net inflows for 57 trading days since August 26, amounting to RMB 1.35 billion. Despite stronger-than-expected growth in U.S. non-farm payrolls in September, the unemployment rate rose for the third consecutive...
ETF Market Review | Cross-border ETFs led the decline, with the Nasdaq 100 ETF and Nikkei 225 ETF falling by 4.99% and 4.27%, respectively.
Gelonghui, November 18th | The SSE Composite Index closed down 0.81%, and the ChiNext Index fell 1.16%. The entire lithium battery industry chain plummeted, with electrolyte and solid-state battery sectors leading the declines. The steel, chemical, coal, and non-ferrous metal industries also experienced significant drops. Meanwhile, AI application themes remained highly active, with the internet e-commerce concept showing strong resilience. In the ETF sector, commodity ETFs were among the top gainers, with China AMC's soybean meal ETF rising 2.44%. AI application themes showed strong performance against the trend, as GF Fund's Media ETF and Penghua Fund's Media ETF increased by 2.38% and 2.35%, respectively. The semiconductor materials and equipment sectors performed strongly, with China Merchants Fund's semiconductor equipment...
Soybeans Rally on Chinese Rumors and Record Crush
November 18, 2025, Jinshi Futures Morning Report (Tuesday): Fed's Jefferson stated that the current labor market is showing signs of weakness.
Morning Peak in Futures - Audio Edition Hotspot Guide 1. According to CCTV News, today at the regular press conference of the Ministry of Foreign Affairs, in response to a reporter's question, spokesperson Mao Ning stated that we urge Japan to act responsibly towards history and bilateral relations, cease overstepping boundaries and playing with fire, retract its erroneous statements and actions, and genuinely reflect its commitments to China through concrete actions. 2. According to Mysteel, a coal mine in Zhongyang, Luliang, resumed production on November 16th after a shutdown period of 63 days. The mine has an approved capacity of 1.2 million tons and mainly produces low-sulfur coking coal with internal ash content of 10, sulfur content of 0.45%, volatile matter of 22%, and G-index of 91. It is currently in the debugging phase post-resumption and has not yet fully resumed operations.
Ahead of the USDA report, market attention focuses on adjustments to U.S. soybean yield estimates | Jinshi Futures Heatmap
Soybean prices in the U.S. hit their highest level in 17 months yesterday as the market prepared for the crop report to be released in the early hours of Saturday. Analysts expect the USDA to lower its forecast for U.S. soybean yields, with soybean meal continuing a trend of strong fluctuations, rising for three consecutive trading days and closing nearly 1% higher.
Express News | India forecasts a soybean supply of 11.6 million tonnes for the 2025-2026 oilseed year, with an estimated soybean meal supply of 7.72 million tonnes for the same period.