Group 1: Cotton Market - Cotton futures prices are experiencing fluctuations as temperatures in Xinjiang rise, with most cotton fields entering the flowering stage, indicating good growth conditions [1] - The ongoing uncertainty regarding US-China tariff policies is causing market volatility, while the downstream textile industry is in a traditional consumption lull, leading to reduced orders and slight inventory accumulation [1] - Cotton prices may face downward pressure in the short term due to demand seasonality, with a support level to watch around 13,000 yuan/ton [1] Group 2: Soybean Meal and Oil Market - Soybean meal prices are rising, but there are still supply pressures, and inventory depletion may be challenging due to a lack of significant increases in aquaculture production [1] - Soybean oil prices are also increasing, supported by strong bottom levels despite a persistent oversupply situation, influenced by international relations and overall oil market trends [1] Group 3: Sugar Market - Sugar futures prices are declining, with Brazil's exports showing a decrease of 2% year-on-year, and India's projected sugar production for the 2025/2026 season estimated at 35 million tons [2] - In Guangxi, sugar sales have increased by 537,100 tons year-on-year, with a sales rate of 71.85%, indicating a positive trend in local sugar consumption [2] - Short-term sugar prices in Zhengzhou are expected to follow external market fluctuations, with a key support level at 5,600 yuan/ton [2] Group 4: Peanut Market - Peanut prices are declining due to weak spot market transactions, with new season prices stabilizing around 4.7 yuan per jin [2] - A significant reduction in import volumes is pushing up imported peanut prices, while peanut oil prices remain stable, indicating a mixed market response [2] Group 5: Overall Market Trends - The Yisheng Agricultural Futures Index showed a rebound last week, closing at 1,155.54 points, ending the previous week's downward trend [3] - The market is expected to continue experiencing wide fluctuations, with the index likely to maintain a volatile operating pattern in the near future [4]
易盛农期综指周评 | 延续震荡格局
Qi Huo Ri Bao·2025-06-15 22:52