Report Summary 1. Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The price of DCE soybean meal main contract 2509 decreased, while the DCE live pig main contract 2509 increased. The price of CBOT US soybeans main contract rose overnight. The price of soybean meal is expected to remain weak, and the live pig market is expected to maintain a short - term strong pattern [2]. - For soybean meal, although US soybean futures prices are rising due to a weaker US dollar and renewed trade optimism, the record - high South American soybean production restricts the upside. Brazilian soybean harvest is nearly finished, and Argentina's harvest weather has improved. The domestic soybean import cost decline drags down the soybean meal price, and the subsequent soybean meal price may remain weak. For live pigs, the supply is expected to increase, but the demand has a certain support, and the short - term strong pattern is expected to continue [15][16]. 3. Summary by Directory 3.1 Market Review - DCE soybean meal main 2509 contract closed at 3020 yuan/ton, down 0.23% from the previous trading day. The coastal mainstream oil mills' quotes are 200 - 300 yuan/ton. DCE live pig main 2509 contract closed at 14435 yuan/ton, up 0.77% from the previous trading day. The national average ex - factory price of outer ternary live pigs was 14.86 yuan/kg, unchanged from the previous day. The CBOT US soybeans main contract rose 0.33% to 1040 cents/bushel [2]. 3.2 Main Producing Area Weather - In the US Midwest agricultural main producing area, there will be scattered showers in the western region from Wednesday to Saturday. Temperatures will fluctuate. In the eastern region, it will be mostly dry on Wednesday and have scattered showers from Thursday to Saturday. Another system later this week will bring more widespread rainfall and the threat of severe thunderstorms. The Rosario Exchange expects unstable weather in the next few days, but the weather may enter a more favorable cycle from next week, with less rainfall in the second half of April [4]. 3.3 Macro and Industry News - As of April 13, 2024/25, the EU's soybean imports reached 10.95 million tons, up from 10.1 million tons in the same period of the previous year. On April 16, the trading volume of domestic mainstream oil mills' soybean meal continued to decline. The import cost of US soybeans on April 17 was 3889 yuan, up 3 yuan from the previous day. The production forecast of Brazilian soybeans in 2025 is 164.262448 million tons, up 13.3% from the previous year [5][6]. 3.4 Data Charts - The report provides charts including the prices of soybean meal in Zhangjiagang and DCE soybean meal futures, soybean meal basis, the prices of rapeseed meal in Nantong and CZCE rapeseed meal futures, rapeseed meal basis, the prices of live pigs in Henan and DCE live pig futures, live pig basis, Chinese soybean inventory, and Chinese soybean meal inventory [10][13][14]. 3.5 Analysis and Strategy - **Soybean Meal**: US soybean futures prices are rising, but the record - high South American soybean production restricts the upside. The domestic soybean import cost decline drags down the soybean meal price. The soybean meal price is expected to remain weak as the market anticipates the recovery of soybean meal supply [15]. - **Live Pigs**: The supply is expected to increase, but the demand has a certain support. The short - term strong pattern of the live pig market is expected to continue [16].

| | 黑色产业数据每日监测（4.17） | | | | --- | --- | --- | --- | | 品种 | 主力合约收盘价 涨跌 涨跌幅 现货价格 基差 | | | | 螺纹 | 3092 -14 -0.45% 48 | | 3140 | | 热卷 | 3191 -24 49 | -0.75% | 3240 | | 铁矿 | 707 0.5 0.07% 65 | | 772 | | 焦煤 | 950.5 -22 -2.26% 79.5 | | 1030 | | 焦炭 | 1538.5 -26.5 -1.69% -134.5 | | 1404 | | | 市场概况 | | | | | 今日黑色系商品期货表现继续偏弱，焦炭预计明天切换主力合约。螺纹收于 | | | | | 3092元/吨，下跌0.45%；热卷主力合约收于3191元/吨，下跌0.75%；铁矿今 | | | | | 日主力合约收于707元/吨，收盘微涨0.07%；双焦今天2509合约继续大跌。 | | | | | 市场分析 | | | | | 中国一季度经济数据出炉，国家统计局副局长盛来运在国新办新闻发布会上 | | | | | 表示，一 ...

表 1：豆粕生猪期货日度数据监测 | | 老日期货 TIORHI EILLIBER | | | 粕 类 生 猪 每 日 数 据 追 踪 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | 載至 | 单位 | �日 | 昨日 | 涨跌 | 涨跌幅 | | 期货 | DCE豆粕: 01 | 4月16日 | 元/吨 | 3039 | 3069 | -30.00 | -0.98% | | | DCE豆粕: 05 | 4月16日 | 元/吨 | 2839 | 2910 | -71.00 | -2.44% | | | DCE豆粕: 09 | 4月16日 | 元/吨 | 3013 | 3066 | -53.00 | -1.73% | | | CZCE菜籽柏: 01 | 4月16日 | 元/吨 | 2425 | 2452 | -27.00 | -1.10% | | | CZCE菜籽柏: 05 | 4月16日 | 元/吨 | 2506 | 2584 | -78.00 | -3.02% | | | CZCE菜籽柏: 09 | 4月16日 | 元/吨 ...

棉花：美棉小幅反弹 郑棉受关税战影响下跌 朱皓天 zhuhaotian@jsfco.com 期货从业资格号：F03090081 投资咨询从业证书号：Z0016204 表 1：棉花期货日度数据监测 | | | | 截止 | 車位 | 昨日 | �日 12830 | 派兵士 | 涨跌幅 | 目同比 | 电图片 | 力史应直 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | CF09 | | | | | | | | | | 58.32% | | | | 收盘价 成交量 | 4/16 4/16 | 7C/UB ਜੇ | 12880 245575 | 215736 | -50 -29839 | -0.39% -12.15% | -850 78011 | -3515 -65668 | 12.74% | | | (主力) | 持仓营 | 4/16 | ਜੇ | 474965 | 493417 | 18452 | 3.88% | -109131 | 33605 | 82.96% | | | | 注册仓卓 | 4/16 ...

| | 黑色产业数据每日监测（4.16） | | | | --- | --- | --- | --- | | 品种 | 主力合约收盘价 涨跌 涨跌幅 现货价格 | | 基差 | | 螺纹 | 3093 -33 -1.06% | 3180 | 87 | | 热卷 | 3205 -34 -1.05% | 3260 | 55 | | 铁矿 | 708 -1 -0.14% | 766 | 58 | | 焦煤 | 966 -25 -2.52% | 1030 | 64 | | 焦炭 | 1558.5 4 0.26% | 1404 | -154.5 | | | 市场概况 | | | | | 今日黑色系商品期货表现继续偏弱，焦煤主力合约切换，焦炭预计明天切换 | | | | | 主力合约。螺纹收于3093元/吨，下跌1.06%；热卷主力合约收于3205元/吨， | | | | | 下跌1.05%；铁矿今日主力合约收于708元/吨，收盘下跌0.14%；双焦今天 | | | | | 2509合约继续大跌。 | | | | | 市场分析 | | | | | 宏观方面数据方面，我国3月金融主要指标增速出现回升，3月末，我国社会 | ...

豆粕生猪：通关冲击减弱 豆粕期现齐跌 朱皓天 zhuhaotian@jsfco.com 期货从业资格号：F03090081 投资咨询从业证书号：Z0016204 表 1：豆粕生猪期货日度数据监测 | | 金口期货 | | | 粕 类 生 猪 每 日 数 据 追 踪 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | JIDGHI FUTURE | | | | | | | | | 指标 | 載至 | 单位 | रेम | 昨日 | 涨跌 | 涨跌幅 | | 期货 | DCE豆粕: 01 | 4月15日 | 元/吨 | 3069 | 3089 | -20.00 | -0.65% | | | DCE豆粕: 05 | 4月15日 | 元/吨 | 2910 | 2958 | -48.00 | -1.62% | | | DCE豆粕: 09 | 4月15日 | 元/吨 | 3066 | 3104 | -38.00 | -1.22% | | | CZCE荣好柏: 01 | 4月15日 | 元/吨 | 2452 | 2482 | -30.00 | -1.2 ...

棉花：美棉受外围影响下跌 郑棉弱势震荡 朱皓天 zhuhaotian@jsfco.com 期货从业资格号：F03090081 投资咨询从业证书号：Z0016204 表 1：棉花期货日度数据监测 | | | 收盘仪 | 載止 4/15 | 单位 | 昨日 12810 | �日 12880 | 涨跌回 70 | 涨跌幅 0.55% | 目回比 -800 | 在自服 -3515 | 历史位置 13.46% | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 7L/HB | | | | | | | 62.35% | | | CF09 | 成公室 | 4/15 | = | 147047 | 245575 | 98528 | 67.00% | 107850 | -29459 | | | | (主力) | 持仓量 | 4/15 | ਜੇ | 294227 | 474965 | 180738 | 61.43% | -127583 | 27263 | 80.77% | | | | 汪册仓审 | 4/15 | ...

-400 -200 0 200 400 600 800 1000 日期 01-13 01-26 02-08 02-21 03-05 03-18 03-31 04-13 04-26 05-09 05-22 06-04 06-17 06-30 07-13 07-26 08-08 08-21 09-03 09-16 09-29 10-12 10-25 11-07 11-20 12-03 12-16 12-29 2025 2024 2023 2022 2021 热卷--基差 -200 0 200 400 600 800 1000 日期 01-13 01-26 02-08 02-21 03-05 03-18 03-31 04-13 04-26 05-09 05-22 06-04 06-17 06-30 07-13 07-26 08-08 08-21 09-03 09-16 09-29 10-12 10-25 11-07 11-20 12-03 12-16 12-29 2025 2024 2023 2022 2021 铁矿石--基差 -1000 -500 0 500 1000 1500 日期 01-13 01-26 02 ...

朱皓天 zhuhaotian@jsfco.com 期货从业资格号：F03090081 投资咨询从业证书号：Z0016204 表 1：豆粕生猪期货日度数据监测 | | 美白期货 JIDGHI FILTURE | | | 粕 类 生 猪 每 日 数 据 追 踪 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | 載生 | 車位 | �H | 昨日 | 涨跌 | 涨跌幅 | | 期货 | DCE豆粕: 01 | 4月14日 | 元/吨 | 3089 | 3074 | 15.00 | 0.49% | | | DCE豆粕: 05 | 4月14日 | 元/吨 | 2958 | 2912 | 46.00 | 1.58% | | | DCE豆粕: 09 | 4月14日 | 元/吨 | 3104 | 3082 | 22.00 | 0.71% | | | CZCE菜籽粕: 01 | 4月14日 | 元/吨 | 2482 | 2449 | 33.00 | 1.35% | | | CZCE菜籽粕: 05 | 4月14日 | 元/吨 | 2627 | 2 ...

棉花：美棉报告调高库存下跌 郑棉成交锐减平收 朱皓天 zhuhaotian@jsfco.com 期货从业资格号：F03090081 投资咨询从业证书号：Z0016204 表 1：棉花期货日度数据监测 | | | | 截止 | 单位 | 昨日 | 今日 | 涨跌盘 | 涨跌幅 | 月同比 | 电图形 | 历史位置 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | CF09 (主力) | 收盘价 持仓量 | 4/14 4/14 | 元/吨 ਜੇ | 12810 337214 | 12810 294227 | 0 -42987 | 0.00% -12.75% | -870 -308321 | -3545 -117092 | 12.49% 52.69% | | | | 成交量 | 4/14 | ਜੇ | 293386 | 147047 | -146339 | -49.88% | 9322 | -98938 | 47.68% | | | | 注册仓单 | 4/14 | इस | 9507 | 9445 | -6 ...