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瑞达期货国债期货日报-20251223
Rui Da Qi Huo· 2025-12-23 09:13
1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - On December 22 - 23, the Central Enterprise Leaders' Meeting was held in Beijing. Li Qiang pointed out that the "15th Five - Year Plan" period is crucial for laying the foundation and making all - out efforts to basically achieve socialist modernization. Central enterprises should align with the Party Central Committee's decisions and play important roles in infrastructure construction and ensuring the autonomy and controllability of the industrial chain [2] - On December 23, treasury bond futures strengthened collectively, with TS, TF, T, and TL main contracts rising by 0.07%, 0.17%, 0.26%, and 0.89% respectively. The weighted average rate of DR007 dropped to around 1.41%. The December LPR remained stable for seven consecutive months. The domestic economic fundamentals in November showed a marginal slowdown in industrial growth and social retail, continued negative growth in fixed - asset investment, and stable unemployment. Financial data was structurally differentiated, with the increase in social financing exceeding expectations under the boost of direct financing, but weak credit, mainly dragged down by household loans, and weak medium - and long - term investment demand from enterprises. Overseas, the US November core CPI growth was at its lowest since 2021, with mixed employment data. Overall, the domestic economic endogenous momentum still needs to be boosted. The December Central Economic Work Conference and Politburo Meeting sent positive signals, and the market expects interest rates to oscillate downward [4] 3. Summary by Relevant Catalogs 3.1 Futures Market 3.1.1 Futures Quotes - T main contract closed at 108.220, up 0.26%; trading volume was 98,526, an increase of 13,433 [2] - TF main contract closed at 106.025, up 0.17%; trading volume was 78,932, an increase of 14,747 [2] - TS main contract closed at 102.526, up 0.07%; trading volume was 35,332, a decrease of 611 [2] - TL main contract closed at 112.830, up 0.89%; trading volume was 140,734, an increase of 27,611 [2] 3.1.2 Futures Spreads - TL2603 - 2606 spread was - 0.17, up 0.05; T03 - TL03 spread was - 4.61, down 0.61 [2] - T2603 - 2606 spread was 0.00, up 0.02; TF03 - T03 spread was - 2.19, down 0.07 [2] - TF2603 - 2606 spread was 0.00, up 0.00; TS03 - T03 spread was - 5.69, down 0.18 [2] - TS2603 - 2606 spread was - 0.04, up 0.00; TS03 - TF03 spread was - 3.50, down 0.10 [2] 3.1.3 Futures Positions - T main contract open interest was 241,505, an increase of 15,119. The top 20 long positions were 199,301, an increase of 10,195; the top 20 short positions were 215,566, an increase of 15,505; the net short position of the top 20 was 16,265, an increase of 5,310 [2] - TF main contract open interest was 152,762, an increase of 10,973. The top 20 long positions were 130,017, an increase of 8,449; the top 20 short positions were 148,704, an increase of 12,868; the net short position of the top 20 was 18,687, an increase of 4,419 [2] - TS main contract open interest was 78,913, an increase of 2,453. The top 20 long positions were 63,714, an increase of 1,589; the top 20 short positions were 73,422, an increase of 2,328; the net short position of the top 20 was 9,708, an increase of 739 [2] - TL main contract open interest was 145,354, an increase of 540. The top 20 long positions were 132,116, an increase of 1,311; the top 20 short positions were 142,694, an increase of 4,588; the net short position of the top 20 was 10,578, an increase of 3,277 [2] 3.2 Treasury Bond Market 3.2.1 CTD Bonds - The clean prices of several CTD bonds such as 250018.IB, 220025.IB, etc. all increased to varying degrees [2] 3.2.2 Active Treasury Bonds - Yields of 1 - year and 3 - year active treasury bonds remained unchanged, while yields of 5 - year, 7 - year, and 10 - year bonds increased by 0.50bp, 0.70bp, and 0.85bp respectively [2] 3.3 Interest Rates 3.3.1 Short - term Interest Rates - The overnight silver - pledged repo rate was 1.2547%, down 19.53bp; the overnight Shibor was 1.2720%, unchanged [2] - The 7 - day silver - pledged repo rate was 1.3800%, up 3.00bp; the 7 - day Shibor was 1.3990%, down 1.80bp [2] - The 14 - day silver - pledged repo rate was 1.6400%, up 1.00bp; the 14 - day Shibor was 1.5770%, down 3.90bp [2] 3.3.2 LPR Rates - The 1 - year LPR was 3.00%, unchanged; the 5 - year LPR was 3.5%, unchanged [2][3][4] 3.4 Open Market Operations - The issuance scale of reverse repurchase was 59.3 billion yuan, the maturity scale was 135.3 billion yuan, and the interest rate was 1.4% for 7 days, with a net withdrawal of 76 billion yuan [2] 3.5 Key Events and Data to Watch - On December 23 at 21:30, the US Q3 core PCE price index and Q3 real GDP data will be released [4] - On December 25, Christmas, US, Hong Kong, European, and South Korean stocks will be closed, and Brent crude oil futures trading will be suspended [4]
去库格局有望延续 碳酸锂期货高位震荡
Jin Tou Wang· 2025-12-23 07:10
Group 1 - The core viewpoint of the news is that the domestic futures market for non-ferrous metals is showing mixed performance, with lithium carbonate futures experiencing a significant increase of 4.42%, reaching 118,940.0 yuan/ton [1][2] Group 2 - The Guangxi Futures Exchange announced the addition of designated delivery warehouses for lithium carbonate and polysilicon futures, increasing the maximum volume of standard warehouse receipts for lithium carbonate and polysilicon [2] - From the supply side, Southwest Futures indicated that lithium carbonate production remains high, reflecting significant elasticity in lithium resources, which supports profitability and production enthusiasm in the supply chain [2] Group 3 - On the demand side, Ruida Futures analyzed that the robust performance of the new energy vehicle and energy storage markets provides consumption support for downstream material manufacturers, suggesting that lithium carbonate demand may remain stable at high levels [2] Group 4 - Looking ahead, Jinrui Futures stated that under the premise of no resumption of production at the Jiangxia Wokou site, the destocking pattern is expected to continue, with the fundamentals supporting the current high volatility of lithium prices, particularly monitoring the pressure around 120,000 yuan/ton [2] - As the end of the month approaches, the market is once again speculating on the January downstream production schedule, with preliminary expectations indicating a month-on-month decline of 5-8% [2]
短期供应收缩幅度并不大 PTA跟随成本偏强为主
Jin Tou Wang· 2025-12-23 07:02
库存方面,据瑞达期货(002961)介绍,本周PTA工厂库存在3.76天,较上周-0.1天,较去年同期-0.06 天;聚酯工厂PTA原料库存在7.6天,较上周+0.4天,较去年同期-0.3天。 后市来看,新湖期货表示,短期PTA供应收缩幅度并不大,加之需求季节性回落,逐步进入季节性累库 周期。不过当时市场交易PTA长期供需格局好转叠加PX偏强运行,PTA跟随成本偏强为主。 12月23日,国内期市能化板块涨跌互现。其中,PTA期货行情呈现震荡上行走势,截至发稿主力合约报 5050.00元/吨,涨幅1.73%。 供应方面,国信期货指出,PTA存量检修较多,短期供应偏紧去库,本周YS宁波计划重启,市场供应 预期回升。 需求端,中辉期货分析称,下游需求尚可但预期走弱,其中聚酯开工维持高位,但织造开工负荷持续下 行,订单延续走弱态势。 ...
瑞达期货棉花(纱)产业日报-20251222
Rui Da Qi Huo· 2025-12-22 10:29
Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - The domestic cotton market is expected to see an accelerated growth in commercial inventory as the national cotton inspection volume has exceeded 5.5 million tons, and the November cotton import volume increased slightly month - on - month. The import port inventory is expected to maintain an upward trend. On the demand side, after the peak - season procurement of downstream spinning mills ended, the off - season characteristics of spinning mills are emerging, and the market shipment speed is slow. Therefore, the cotton price is expected to fluctuate in the short term [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - Zhengzhou cotton main contract closing price (daily, yuan/ton): 14,070, up 55; cotton yarn main contract closing price (daily, yuan/ton): 20,110, up 60 - Cotton futures top 20 net positions (lots): - 138,546, down 1,226; cotton yarn futures top 20 net positions (lots): - 1,260, down 345 - Main contract positions: cotton (daily, lots): 785,062, up 23,519; cotton yarn (daily, lots): 23,294, up 473 - Warehouse receipt quantity: cotton (daily, sheets): 4,075, up 205; cotton yarn (daily, sheets): 9, unchanged - China Cotton Price Index: CCIndex: 3128B (daily, yuan/ton): 15,154; China Yarn Price Index: pure cotton carded yarn 32s (daily, yuan/ton): 20,990, up 60 - China Imported Cotton Price Index: FCIndexM: 1% tariff (daily, yuan/ton): 12,769, up 9; arrival price: Imported Cotton Yarn Price Index: pure cotton carded yarn 32s (daily, yuan/ton): 21,133, down 5 - China Imported Cotton Price Index: FCIndexM: sliding duty (daily, yuan/ton): 13,827, down 3; arrival price: Imported Cotton Yarn Price Index: pure cotton combed yarn 32s (daily, yuan/ton): 22,306, up 78 [2] 3.2 Spot Market - Data presented in the futures market section above also reflects the spot - related price indices [2] 3.3 Upstream Situation - National cotton sown area (annual, thousand hectares): 2,838.3, up 48.3; national cotton output (annual, million tons): 6.16, up 0.54 [2] 3.4 Industry Situation - Cotton - yarn price difference (CY C32S - CC3128B, yuan/ton): 5,836, up 51; industrial inventory: cotton: national (monthly, million tons): 85, up 6.5 - Cotton: import quantity: monthly value (monthly, million tons): 9, down 1; cotton yarn: import quantity: monthly value (monthly, tons): 140,000, up 10,000 - Imported cotton profit (daily, yuan/ton): 1,318, up 9; commercial inventory: cotton: national (monthly, million tons): 293.06, up 190.89 [2] 3.5 Downstream Situation - Inventory days: yarn (monthly, days): 26.12, up 1.27; inventory days: grey fabric (monthly, days): 31.97, up 0.85 - Cloth: output: monthly value (monthly, billion meters): 26.2, down 1.8; yarn: output: monthly value (monthly, million tons): 200.1, down 7.3 - Apparel and clothing accessories: export value: monthly value (monthly, million US dollars): 11,003,480.43, down 1,449,766.57; textile yarns, fabrics and products: export value: monthly value (monthly, million US dollars): 11,258,418.92, down 708,097.08 [2] 3.6 Option Market - Cotton at - the - money call option implied volatility (%): 9.14, down 0.5; cotton at - the - money put option implied volatility (%): 9.14, down 0.5 - Cotton 20 - day historical volatility (%): 5.26, down 0.16; cotton 60 - day historical volatility (%): 6.29, down 0.24 [2] 3.7 Industry News - According to Mysteel research, the national commercial inventory of cotton is increasing. As of December 19, 2025, the total commercial cotton inventory was 5.0473 million tons, a week - on - week increase of 255,000 tons (a 5.32% increase). Among them, the commercial cotton in Xinjiang was 4.351 million tons, a week - on - week increase of 189,600 tons (a 4.56% increase), and that in inland areas was 304,400 tons, a week - on - week increase of 63,800 tons (a 26.52% increase) - According to the USDA report, in the week ending November 27, the net export sales of US upland cotton in the 2025/26 season increased by 135,900 bales, a decrease of 8% from the previous week and 23% from the average of the previous four weeks. The export shipment volume of US upland cotton in the 2025/26 season was 122,100 bales, a 1% increase from the previous week and a 5% decrease from the average of the previous four weeks. The US cotton export contract volume decreased and the shipment volume increased slightly month - on - month [2]
瑞达期货尿素产业日报-20251222
Rui Da Qi Huo· 2025-12-22 10:29
Group 1: Report Industry Investment Rating - No relevant content Group 2: Report's Core View - New partial plant overhauls led to a slight decline in domestic urea production. With no planned shutdowns this week and 2 - 4 shutdown plants possibly resuming production, output is expected to increase slightly considering short - term faults [3]. - Agriculture is in a short - term off - season for rigid demand, with recent reserve demand for phased replenishment, and there is still a reserve demand expectation in the Northeast [3]. - Environmental warnings in Hebei, Henan, Jiangsu and other places caused a slight decline in compound fertilizer operation, and the capacity utilization rate of compound fertilizer is expected to decline steadily or slightly [3]. - Urea factories' inventory continued to decline last week. Short - term receipt of orders by urea factories improved, and there may be further destocking. The UR2605 contract is expected to fluctuate in the range of 1670 - 1730 yuan/ton in the short term [3]. Group 3: Summary According to Relevant Catalogs Futures Market - The closing price of the Zhengzhou urea main contract was 1698 yuan/ton, up 1 yuan/ton; the 5 - 9 spread was 16 yuan/ton, down 3 yuan/ton [3]. - The position of the Zhengzhou urea main contract was 169,174 lots, up 5,318 lots; the net position of the top 20 was - 15,240 [3]. - The exchange warehouse receipts of Zhengzhou urea were 10,881 sheets, down 95 sheets [3]. 现货市场 (Spot Market) - In the spot market, prices in Hebei, Henan, and Anhui increased by 10 yuan/ton, while those in Jiangsu and Shandong remained unchanged. The FOB prices in the Baltic and Chinese main ports increased by 2.5 dollars/ton [3]. - The basis of the Zhengzhou urea main contract was 13 yuan/ton, up 11 yuan/ton [3]. Industry Situation - Port inventory was 13.8 million tons, up 1.5 million tons week - on - week; enterprise inventory was 117.97 million tons, down 5.45 million tons week - on - week [3]. - The urea enterprise operating rate was 80.69%, down 1.16 percentage points; the daily urea output was 195,100 tons, down 2,800 tons [3]. - Urea exports were 1.2 billion tons, down 17%; the monthly output of urea was 6.00033 billion tons, up 129,060 tons [3]. 下游情况 (Downstream Situation) - The compound fertilizer operating rate was 39.37%, down 1.25 percentage points; the melamine operating rate was 58.55%, down 3.31 percentage points [3]. - The weekly profit of compound fertilizer in China was 140 yuan/ton, up 3 yuan/ton; the weekly profit of melamine with externally purchased urea was - 36 yuan/ton, down 23 yuan/ton [3]. - The monthly output of compound fertilizer was 438.25 million tons, up 75.38 million tons; the weekly output of melamine was 30,500 tons, down 1,700 tons [3]. Industry News - As of December 17, China's total urea enterprise inventory was 117.97 million tons, down 5.45 million tons from last week, a week - on - week decrease of 4.42%. The destocking was mainly concentrated in North, Northeast and Northwest China [3]. - As of December 18, China's urea port sample inventory was 13.8 million tons, up 1.5 million tons week - on - week, a week - on - week increase of 12.20%. The port collection was in progress smoothly, and some ports received goods successively [3]. 提示关注 (Points to Note) - Pay attention to Longzhong's enterprise inventory, port inventory, daily output and operating rate on Thursday [3]
瑞达期货白糖产业日报-20251222
Rui Da Qi Huo· 2025-12-22 10:29
白糖产业日报 2025-12-22 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:白糖(日,元/吨) | 5126 | 38 主力合约持仓量:白糖(日,手) | 513067 | -10155 | | | 仓单数量:白糖(日,张) | 4479 | 868 期货前20名持仓:净买单量:白糖(日,手) | -85526 | 1130 | | | 有效仓单预报:白糖:小计(日,张) 进口加工估算价(配额内):巴西糖(日,元/ | 622 | -868 | | | | 现货市场 | | 3995 | -87 进口加工估算价(配额内):泰国糖(日,元/ | 4042 | -61 | | | 吨) 进口巴糖估算价(配额外,50%关税)(日,元 | | 吨) -114 进口泰糖估算价(配额外,50%关税)(日,元 | | | | | | 5058 | | 5121 | -79 | | | /吨) 云南昆明白糖现货价格(日,元/吨) | 5195 | /吨) -15 广西南宁 ...
苹果产业日报-20251222
Rui Da Qi Huo· 2025-12-22 10:29
Report Industry Investment Rating - Not provided Core Viewpoints of the Report - The trading of apples in Shandong and Shaanxi production areas remains sluggish, with slow shipment and increased willingness of fruit growers to sell at market prices. The shipment in Gansu production area is okay, especially the inventory of high - cost - effective Fuji apples is actively traded. The trading atmosphere of late - Fuji apples remains light, and the enthusiasm of merchants to purchase fruit growers' goods has declined. Good - quality apple prices remain firm, while the prices of general and lower - quality apples have loosened. As of December 18, 2025, the national apple cold - storage inventory decreased, and the storage - capacity ratios in Shandong and Shaanxi also decreased. The prices of fruit growers' goods in Shaanxi's secondary production areas slightly declined, and the sales area market shipment is still poor. The increasing supply of tangerines and other citrus fruits impacts apple sales. With the current weak demand for double - festival stocking, there is a possibility of a continued short - term price decline. [2] Summary by Relevant Catalogs Futures Market - The closing price of the apple futures main contract is 9149 yuan/ton, with a decrease of 888 compared to the previous period; the main - contract position volume is 6025 hands, and the net long - order volume of the top 20 futures positions is 148,778 hands, with a decrease of 1940 compared to the previous period. [2] 现货市场 - The spot price of apples in Gansu Jingning (paper - bag, above 75) is 5.25 yuan/jin, and that in Shandong Yiyuan (paper - bag, above 75) is 2.6 yuan/jin, with no change compared to the previous period. The price in Shaanxi Luochuan (paper - bag, above 70) is 4.2 yuan/jin, and that in Shandong Yantai Qixia (paper - bag, above 80) is 4 yuan/jin, also with no change. [2] Upstream Situation - The national apple output is 5128.51 million tons. The fruit wholesale price of apples is 9.37 yuan/kg, with an increase of 168.34 compared to the previous period, and the average wholesale price of Fuji apples is 9.14 yuan/kg, with an increase of 0.01. The national apple cold - storage total inventory is 752.98 million tons, with a decrease of 5.57 million tons. The storage - capacity ratio in Shandong is 0.57, and that in Shaanxi is 0.53. The monthly export quantity of apples is 80,000 tons, with an increase of 10,000 tons. [2] Industry Situation - The monthly import amount of fresh, dried fruits and nuts decreased by 503,616 US dollars, and the year - on - year monthly export amount of apples decreased by 14.3%. The profit of first - and second - grade paper - bag apple 80 storage merchants is 0 yuan/jin, with no change. [2] Downstream Situation - The fruit wholesale price of pears is 6.68 yuan/kg, with a decrease of 0.06; the price of bananas is 6.6 yuan/kg, with an increase of 0.27; the price of watermelons is 5.64 yuan/kg, with an increase of 0.17. The early - morning average daily vehicle arrival volume at the Guangdong Jiangmen wholesale market is 17.2 vehicles, with an increase of 2.6; at the Guangdong Xiaqiao wholesale market is 20.6 vehicles; at the Guangdong Chalong wholesale market is 27.6 vehicles, with an increase of 3.8. [2] Option Market - The implied volatility of at - the - money call options for apples is 24.02%, and that of at - the - money put options is 24.01%, both with an increase of 0.33 compared to the previous period. [2]
瑞达期货贵金属期货日报-20251222
Rui Da Qi Huo· 2025-12-22 10:29
免责声明 本报告中的信息均来源于公开可获得资料,瑞达期货股份有限公司力求准确可靠,但对这些信息的准确性及完整性不做任何保证,据此投资, 责任自负。本报告不构成个人投资建议,客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有,未经书面许可, 任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发,需注明出处为瑞达期货股份有限公司研究院,且不得对本报告进行有悖原意的引 用、删节和修改。 | | | 贵金属期货日报 | | | | 2025/12/22 | | --- | --- | --- | --- | --- | --- | --- | | | 项目类别 | 数据指标 环比 数据指标 | 最新 | | 最新 | 环比 | | | 期货市场 | 沪金主力合约收盘价(日,元/克) 21.0↑ 沪银主力合约收盘价(日,元/千克) | 1000.860 | | 16210 | +834.00↑ | | | | 主力合约持仓量:沪金(日,手) +12628.00↑ 主力合约持仓量:沪银(日,手) | 202,290.00 | | 17,327.00 | -335.00↓ | | | | ...
瑞达期货玉米系产业日报-20251222
Rui Da Qi Huo· 2025-12-22 09:52
Report Industry Investment Rating - Not provided Core Viewpoints - For corn, the US corn is in the export peak season with high short - term supply pressure, but the reduction of the US corn carry - over inventory forecast by USDA supports the price. In the domestic market, the increased acquisition by reserve warehouses in the Northeast provides support, yet high prices limit purchasing enthusiasm, and the price is adjusting slightly. The corn futures price has fallen from its high recently, so short - term observation is recommended [2]. - For corn starch, the supply pressure increases due to sufficient raw material supply and rising industry operating rates. However, holiday备货 and the shift of some downstream customers from expensive tapioca starch may boost demand. Affected by the decline in corn, the starch price has also dropped, and short - term observation is advised [3]. Summary by Relevant Catalogs Futures Market - Corn starch futures closing price (active contract) is 2497 yuan/ton, down 48 yuan; corn monthly spread (5 - 9) is - 30 yuan/ton, down 5 yuan; corn starch monthly spread (3 - 5) is - 1 yuan/ton, down 1 yuan. The futures closing price of CBOT corn is 443.25 cents/bushel, down 0.75 cents [2]. - Futures positions (active contract): 983336 hands for yellow corn, down 21181 hands; 61003 hands for corn starch, down 18128 hands. The net long positions of the top 20 futures holders are - 91573 hands for corn and - 32111 hands for corn starch [2]. - Registered warehouse receipts: 52466 hands for yellow corn, down 184 hands; 2500 hands for corn starch, unchanged. The CS - C spread of the main contract is 330 yuan/ton, down 3 yuan [2]. Outer Market - CBOT: The total corn positions are 1473739 contracts, up 13996 contracts. The non - commercial net long positions of corn are 67530 contracts, down 19566 contracts [2]. Spot Market - The average spot price of corn is 2347.65 yuan/ton, down 0.98 yuan; the ex - factory price of corn starch in Changchun is 2570 yuan/ton, unchanged. The FOB price of corn in Jinzhou Port is 2280 yuan/ton, down 10 yuan [2]. - The CIF price of imported corn is 2057.76 yuan/ton, up 0.02 yuan; the international freight of imported corn is 0 dollars/ton, unchanged. The basis of the corn starch main contract is 68 yuan/ton, down 3 yuan; the basis of the corn main contract is 155.65 yuan/ton, down 0.98 yuan [2]. - The price difference between Shandong starch and corn is 410 yuan/ton, down 56 yuan; the price difference between tapioca starch and corn starch is 712 yuan/ton, down 13 yuan; the price difference between corn starch and 30 - powder is - 204 yuan/ton, up 25 yuan [2]. Upstream Situation - Forecasted sown areas: 425.53 million hectares in the US, 53 million hectares in Brazil, 295 million hectares in China, and 32 million hectares in Ukraine. Forecasted yields: 131 million tons in the US, 22.6 million tons in Brazil, 44.3 million tons in China, 7.5 million tons in Argentina, and 32 million tons in Ukraine [2]. Industry Situation - Corn inventories: 13.8 million tons in southern ports, 29 million tons in northern ports. The inventory of deep - processed corn is 294 million tons, up 18.6 million tons. The weekly inventory of starch enterprises is 107.4 million tons, up 2.5 million tons [2]. - Import volume of corn is 30 million tons; export volume of corn starch is 19.17 million tons, up 6.39 million tons. The monthly output of feed is 20.9 million tons [2]. Downstream Situation - The sample feed corn inventory days are 29.48 days, down 0.05 days. The processing profit of corn starch in Shandong is - 2 yuan/ton, down 4 yuan; in Hebei is 71 yuan/ton, down 3 yuan; in Jilin is - 67 yuan/ton, unchanged [2]. - The deep - processed corn consumption is 141.29 million tons, down 0.38 million tons. The operating rate of alcohol enterprises is 62.31%, down 3%; the operating rate of starch enterprises is 65.22%, down 0.53% [2]. Option Market - The 20 - day historical volatility of corn is 9.45%, down 0.4%; the 60 - day historical volatility is 8.5%, down 0.03%. The implied volatility of at - the - money call options for corn is 7.94%, up 0.26%; the implied volatility of at - the - money put options is 7.95%, up 0.27% [2]. Industry News - Consultancy Safras & Mercado forecasts Brazil's 2025/26 corn output at 142.875 million tons, lower than the previous forecast but higher than 2024/25. The US Department of Agriculture will not issue more aid beyond the $12 billion plan, and the US corn is in the export peak season with high supply pressure [2].
瑞达期货国债期货日报-20251222
Rui Da Qi Huo· 2025-12-22 09:52
国债期货日报 2025/12/22 | 项目类别 | 数据指标 最新 | 最新 | 环比 项目 | | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | T主力收盘价 | 107.980 | -0.09% T主力成交量 | 85093 | 29051↑ | | | TF主力收盘价 | 105.860 | -0.06% TF主力成交量 | 64185 | 8687↑ | | | TS主力收盘价 | 102.464 | -0.02% TS主力成交量 | 35943 | 3341↑ | | | TL主力收盘价 | 111.980 | -0.28% TL主力成交量 | 113123 | 9517↑ | | 期货价差 | TL2603-2606价差 | -0.22 | -0.04↓ T03-TL03价差 | -4.00 | 0.51↑ | | | T2603-2606价差 | -0.02 | +0.00↑ TF03-T03价差 | -2.12 | 0.06↑ | | | TF2603-2606价差 | 0.00 | -0.00↓ TS03-T03价差 | -5.52 ...