光大期货：12月29日农产品日报

Group 1: Oilseeds and Oils Market - Canola oil prices increased this week, with palm oil following suit, while soybean varieties experienced volatility [2][14] - The demand for U.S. soybeans is being closely monitored, with China's soybean purchases accelerating but expected to remain under 12 million tons, limiting support for U.S. soybean prices [2][14] - Brazilian soybean planting is complete, and harvest expectations are strong, leading to upward adjustments in Brazilian soybean production forecasts, which suppresses forward prices [2][14] - Domestic soybean meal spot transactions improved, driven by pre-holiday stocking by downstream buyers, while concerns over inspection and customs have increased market volatility [2][15] - The oil market is experiencing limited upward potential due to overall weak demand, with a recommendation for a dual-sell strategy [3][15] Group 2: Egg Market - Egg spot prices continued to weaken, leading to a decline in near-month contracts, although optimistic expectations for future capacity reduction provide some support [16][17] - As of December 26, the average price of brown eggs was 2.86 yuan per jin, down 0.18 yuan from the previous week, with market demand remaining relatively weak [16][17] - The egg farming sector is facing ongoing losses, with a reported loss of 0.23 yuan per jin as of December 25, which is expected to suppress restocking enthusiasm [17] Group 3: Corn Market - Corn sales in production areas are progressing slowly, with prices stabilizing and showing signs of recovery [18][19] - As of December 25, the national average corn price was 2,300 yuan per ton, down 10 yuan from the previous week, with trade activity remaining subdued [19] - The market is experiencing a basic balance between supply and demand, with a recommendation for short-term bullish participation as prices stabilize [19] Group 4: Pork Market - Domestic pig prices initially fell before rebounding, with the national average price at 11.56 yuan per kilogram as of December 25, down 0.14 yuan from the previous week [20][21] - The average price of piglets was 216 yuan per head, down 3 yuan from the previous week, with supply and demand remaining in a stalemate [21] - As of December 25, the average slaughter weight of pigs was 124.54 kilograms per head, showing a slight decrease, indicating a faster digestion rate of pigs in the market [21][22] - The overall profitability for self-breeding and purchasing piglets has worsened, with losses increasing compared to the previous week [22]