Xin Lang Cai Jing·2026-02-13 01:20Market Performance - The corn May contract closed at 2322 CNY/ton with a daily increase of 0.13%, showing a brief uptick before the Spring Festival amid weak purchasing and sales [4][14] - The soybean meal market is neutral, with overseas markets assessing potential upward adjustments in U.S. soybean demand for the 2025/26 season, leading to a rise in CBOT soybean prices [4][14] Downstream Demand - Deep processing enterprises have begun to issue notices for reduced or halted purchases, indicating that pre-holiday stockpiling is largely complete; feed enterprises are primarily executing previous contracts with weak purchasing intentions [4][14] Market Focus & Summary - Post-holiday, the main divergence in market sentiment will focus on whether the northeastern grain supply will increase significantly with rising temperatures, and the real demand elasticity of corporate inventories in this context. The corn May contract is expected to fluctuate within the range of 2250–2275 CNY/ton before the holiday, with directional choices pending further validation of supply release and demand recovery after the holiday [4][14] - The Rosario Grain Exchange has raised its soybean production forecast for this year to 48 million tons from the previous 47 million tons, despite a decline in crop quality due to dry weather [5][15] Egg Market - The egg market is neutral to slightly bullish as various channels have paused current spot price quotes. The near-month contracts have seen significant increases following a weak reality check, with the 03 contract price reflecting support near cost levels [7][17] Operational Strategies - For the egg market, long positions in distant contracts like 2605 and 2606 may have value after the convergence of premiums, and attention can be given to opportunities arising from the expansion of price differences [8][18] - In the live pig market, the average price in major production areas is approximately 11.52 CNY/kg, with a planned slaughter volume of 22.92 million heads in February, reflecting a 17.73% decrease from January [9][19]