Core Insight: Analysis of China's agricultural supply and demand situation for November 2025: This month, the 2024/25 annual corn import volume for China is reduced to 18.3 million tons, and the 2025/26 annual corn production volume is increased to 300 million tons; according to customs statistics, the total soybean import volume for China in 2024/25 is 109.37 million tons, with a total export volume of 80,000 tons; it is estimated this month that in 2024/25, China's edible vegetable oil production will be 31.32 million tons, an increase of 5.6 million tons from the previous year, mainly due to the increase in soybean oil and peanut oil production; the 2024/25 annual sugar production and sales in China have ended, with a total sugar production of 11.16 million tons, an increase of 1.2 million tons from the previous year.