Core Insights - The "Agricultural Products Wholesale Price 200 Index" increased to 126.32, up by 0.18 points from the previous day [1] - The "Vegetable Basket" product wholesale price index rose to 128.56, an increase of 0.20 points from the previous day [1] Price Changes - Average wholesale price of pork reached 18.07 yuan/kg, up by 1.1% from the previous day [1] - Average wholesale price of beef was 66.60 yuan/kg, an increase of 0.9% from the previous day [1] - Average wholesale price of mutton decreased to 62.64 yuan/kg, down by 0.9% from the previous day [1] - Average wholesale price of eggs was 7.35 yuan/kg, up by 1.1% from the previous day [1] - Average wholesale price of broiler chicken was 17.65 yuan/kg, an increase of 1.7% from the previous day [1] Vegetable and Fruit Prices - Average price of 28 monitored vegetables was 5.74 yuan/kg, down by 0.7% from the previous day [1] - Average price of 6 monitored fruits was 7.28 yuan/kg, down by 0.4% from the previous day [1] Fish Prices - Average price of crucian carp was 18.98 yuan/kg, down by 2.0% from the previous day [1] - Average price of carp was 13.90 yuan/kg, down by 0.8% from the previous day [1] - Average price of white catfish increased to 10.09 yuan/kg, up by 4.2% from the previous day [1] - Average price of large hairtail was 40.19 yuan/kg, an increase of 0.7% from the previous day [1]

一、贺娇龙同志系新疆维吾尔自治区农业农村厅农产品品牌建设与产销服务中心在编公职人员，贺娇龙 同志开展的所有直播活动均为公益助农性质，不收取任何佣金报酬，也从未向商家或企业收取过任何费 用。 二、新疆维吾尔自治区农业农村厅、农产品品牌建设与产销服务中心及贺娇龙同志从未授权任何公司机 构或个人，以"贺娇龙"名义收取"坑位费""推广费"等各类费用。 三、如发现上述以贺娇龙同志名义收取费用行为，请立即向我中心举报，举报电话：13579224905(杨蕾 蕾)，我们将依法依规上报相关部门处理。如因违法犯罪事实已经造成损失的，请立即报警并保留证 据。新疆维吾尔自治区农业农村厅和我中心会积极配合公安机关调查工作，最大限度挽回受害人损失。 请广大企业及消费者提高警惕，审慎甄别避免上当受骗。 全文如下： 近期，有不法分子冒用我单位贺娇龙同志身份信息，以直播带货为由向部分商家收取费用，该行为涉嫌 刑事犯罪且严重侵害商家合法权益，损害公职人员形象及我单位声誉。为澄清事实、防范诈骗风险，现 郑重声明如下： 11月27日，新疆维吾尔自治区农产品品牌建设与产销服务中心主任贺娇龙在个人账号发布紧急声明，表 示近期有不法分子冒用"贺娇龙"名 ...

J P M O R G A N Global Markets Strategy 12 November 2025 2026/27 Agri Markets Outlook Volatility to return off compressed levels in 2026, as global agri availability continues to slide See page 29 for analyst certification and important disclosures. J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report ...

天气方面，最新预报显示，巴西北部地区降雨充足，阿根廷和巴西南部28日、29日可能出现阵雨或雷 暴。阿根廷过去六周一直处于潮湿状态，但每周也只有一次降雨机会，这有利于表层土壤坚实，为春季 播种做好准备。加上目前没有出现极端高温的迹象，这使得市场相信南美洲作物产量前景依然乐观。 市场分析认为，近期农产品期价的上涨是基于技术性买盘和季节性上升趋势的驱动。基本面上的供应宽 松压力依然存在。机构报告数据显示，巴西大豆有望创下历史新高。除非南美洲出现不利天气，否则芝 加哥期货交易所（CBOT）农产品价格上涨势头将较为疲软。 消息面上，俄罗斯私人咨询公司IKAR预测，由于冬小麦播种天气有利，2026年俄罗斯小麦产量将在 8600万至9100万吨之间。今年俄罗斯小麦总产量预计为8850万吨。如果俄罗斯小麦产量再次超过8500万 吨，其将能够出口4400万至4700万吨小麦。与此同时，欧盟冬小麦生长也开局良好，全球小麦供应压力 预计将持续至2026年。 新华财经纽约11月26日电（记者徐静）芝加哥期货交易所玉米、小麦和大豆期价26日全线上涨。 当天，芝加哥期货交易所玉米市场交投最活跃的2026年3月合约收于每蒲式耳4.45美元 ...

Company Overview - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and listed on the Shenzhen Stock Exchange in 1997, operating 35 agricultural product logistics parks across over 20 major cities in China, forming the largest wholesale market network in the country [1] - The average annual trading volume of the company's wholesale markets exceeds 33 million tons, with an average annual transaction value exceeding 250 billion yuan [1] - The company's business scope includes standardized base planting, cold chain processing, wholesale market construction and operation, urban ingredient distribution, brand development, and import-export trade [1] Strategic Focus - The company leverages its "national network" advantage to establish quality planting bases, guiding agricultural production based on market demand, and promoting standardized and digitalized planting [2] - It actively participates in promotional activities to enhance brand value and explores import-export business, successfully introducing high-quality products from Malaysia, Venezuela, and Oman [2] - The company aims to build a modern agricultural product circulation ecosystem, focusing on efficient collaboration across the entire industry chain [2] Revenue Structure - The revenue structure of the wholesale market management business primarily consists of rental income, commissions, management fees, and parking fees, with pricing determined by market conditions and local economic factors [2] Market Expansion Plans - The company has invested in 35 logistics parks, primarily positioned as sales markets, with plans for further development in key areas such as Shanghai, Chengdu, and Guangzhou [2] - Future projects will focus on expanding varieties and enhancing operations, including the relocation or upgrading of older markets [2] Investment Strategy - Over its 36 years, the company has focused on direct investments through new establishments and acquisitions, as well as indirect investments via industry funds, to expand its market presence [3] Import-Export Business - The company has significantly increased its import-export business, strengthening partnerships with core clients in Thailand, Vietnam, and Brazil, while also expanding channels to countries like Indonesia and Argentina [4] Urban Ingredient Distribution - The company has established 21 branches in major cities for its ingredient distribution business, covering hospitals, schools, and large enterprises, creating a nationwide network centered in Shenzhen [5] Digital Transformation - The company is enhancing its digital operations through big data, IoT, and cloud computing, including the implementation of a unified payment system and various information management upgrades [6] Loss Mitigation Measures - The company is implementing differentiated operational improvement plans for underperforming markets, focusing on strategic partnerships and resource integration to enhance operational efficiency [7] Case Study: Tianjin Haijixing - Tianjin Haijixing has evolved into the largest first-level wholesale market in Tianjin, achieving profitability in 2023 with a revenue of 232 million yuan and a net profit of 9.22 million yuan, marking a 49.43% year-on-year increase [7]

Group 1: Industry Perspective on Institutional Research - The research indicates a rebound in institutional research activity, particularly in the electronics, power equipment, and construction decoration sectors, with a total of 726 research instances last week, higher than 674 instances in the same week of 2024 [3][19] - The increase in research activity is noted across various sectors, including electronics, power equipment, construction decoration, agriculture, environmental protection, textiles, building materials, retail, defense, home appliances, and coal [3][19] - In October, due to the earnings report disclosure period, the total number of institutional research instances across the A-share market significantly dropped to 1,768, lower than 1,994 instances in October 2024 [20][21] Group 2: Individual Stock Perspective on Institutional Research - The stocks that received the most attention recently include Huichuan Technology, Fengyuan Co., and Ice Wheel Environment, with Huichuan Technology being researched 9 times last week [25][28] - Over the past month, stocks such as Oke Yi, Huichuan Technology, Ice Wheel Environment, and others have seen a high number of research instances, indicating strong market interest [29][30] - Huichuan Technology has been frequently researched due to its early advantage in the eCall system, which is expected to create a stable demand of nearly 30 million units annually starting from July 1, 2027, as all cars sold in China must be equipped with the system [27]

证券之星消息，11月26日农产品加工板块较上一交易日下跌0.99%，京粮控股领跌。当日上证指数报收 于3864.18，下跌0.15%。深证成指报收于12907.83，上涨1.02%。农产品加工板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 920273 | 一致魔手 | 35.30 | 3.04% | 2.52万 | 8829.03万 | | 002852 | 道道全 | 10.68 | 2.89% | 14.06万 | 1.52 Z | | 300268 | *ST佳沃 | 13.80 | 2.37% | 2.43万 | 333.12万 | | 920371 | 欧福蛋业 | 10.65 | 1.43% | 2.00万 | 2109.54万 | | 002481 | 双塔食品 | 5.59 | 0.72% | 25.41万 | 1.43亿 | | 000972 | *ST中基 | 3.87 | 0.26% | 8.10万 | 3129.80万 | | 003030 | 祖 ...

（文章来源：新华财经） 据农业农村部监测，截至11月26日14:00时，全国农产品批发市场猪肉平均价格为17.87元/公斤，较前一 日上升0.8%；鸡蛋平均价格为7.27元/公斤，较前一日下降1.1%。 ...

Core Insights - The Inner Mongolia Specialty Agricultural Products Promotion Event took place in Guangzhou, showcasing a variety of high-quality agricultural and livestock products from Inner Mongolia, attracting significant interest from local residents and tourists [1][3] Group 1: Agricultural Production - Inner Mongolia ranks first in China for the production of beef, lamb, and milk, with key industry chains generating over 700 billion yuan in value [3] - The region exports over 500 billion jin of grain annually, along with more than 8 million tons of milk and 1.8 million tons of beef and lamb [3] Group 2: Market Engagement - The "Grassland Market" attracted over 200,000 visitors in the Beijing Road business district on the day of the event [4] - Local consumers showed strong interest in products such as natural sheep milk powder, with significant sales reported at various stalls [3][4] Group 3: Strategic Collaborations - The event was supported by multiple cities in Inner Mongolia and aimed to enhance agricultural cooperation between Guangdong and Inner Mongolia [4] - Partnerships were formed between Bay Area enterprises and Inner Mongolian agricultural companies to streamline the distribution of products from Inner Mongolia to the Bay Area [4]

本作物年度，美国玉米累计出口销量为12.1亿蒲式耳，同比增长55%；小麦累计出口销量5.68亿蒲式 耳，同比增长25%；大豆累计出口销量4.99亿蒲式耳，同比下降37%，仅为美国农业部预测的31%。通 常情况下，10月初美国大豆累计出口销量至少能占全年出口量的40%至42%。 受假期交易量减少、地缘局势和未来南美天气状况的不确定性影响，分析机构预计本周剩余时间芝加哥 农产品市场将延续震荡走势。 消息面上，美国农业部25日发布出口销量报告显示，截至10月9日的一周，美国玉米出口销量5200万蒲 式耳，低于前一周的8900万蒲式耳；小麦出口销量2300万蒲式耳，低于前一周的3300万蒲式耳；大豆出 口销量2900万蒲式耳，低于前一周的3400万蒲式耳以及去年同期的6300万蒲式耳。 新华财经纽约11月25日电 芝加哥期货交易所玉米、小麦和大豆期价25日全线上涨。 当天，芝加哥期货交易所玉米市场交投最活跃的2026年3月合约收于每蒲式耳4.38美元，比前一交易日 上涨1.5美分，涨幅为0.34%；小麦2026年3月合约收于每蒲式耳5.39美元，比前一交易日上涨4.5美分， 涨幅为0.84%；大豆2026年1月合约收 ...