花生采购增多，价格震荡上行

Group 1: Report Industry Investment Rating - The investment rating for both soybeans and peanuts is neutral [4][5] Group 2: Core Viewpoints of the Report - For soybeans, the domestic price had a decline - then - rise trend this week. The strong upward trend has eased, but due to the sharp rise in the futures market and positive news, the short - term bearish sentiment has quickly dissipated. With farmers' remaining grain almost exhausted in the Northeast, traders are the main holders, and their reluctance to sell at low prices supports the market price [4][13] - For peanuts, the domestic price fluctuated strongly this week. As of April 24, 2025, the average price of general - purpose peanuts was 8,280 yuan/ton, up 0.24% from last week. The trading atmosphere improved slightly, and the market was generally stable. Positive signals from oil mills boosted market confidence, and both sellers and buyers showed more positive attitudes, though buyers remained cautious [5][16] Group 3: Summary by Related Catalogs Soybean Market Analysis Price Quotes - Futures: The closing price of the main soybean contract 2507 this week was 4,238 yuan/ton, a week - on - week increase of 151 yuan or 3.7% [11] - Spot: The spot basis of edible soybeans in various regions decreased compared to last week. For example, in Bayan, it was A07 - 57, down 130 from last week [11] Supply and Demand - Arrival forecast: In April 2025, Brazilian soybeans arriving in China were estimated at 9.99 million tons, Argentine at 0 million tons, and US at 1.75 million tons, totaling 11.74 million tons. Market demand remained insufficient, and the remaining grain in the producing areas was estimated to be less than 10% [12] Future Outlook - The domestic price showed a decline - then - rise trend. The short - term bearish sentiment dissipated, and it was difficult for prices to continue falling. Traders' reluctance to sell supported the price [13] Peanut Market Analysis Price Quotes - Futures: The closing price of the peanut 2510 contract this week was 8,268 yuan/ton, a week - on - week increase of 262 yuan or 3.3% [14] - Spot: The spot basis in various regions decreased compared to last week. For example, in Nanyang, Henan, it was PK10 + 130, down 266 from last week [14] Supply and Demand - Inventory: As of April 24, the peanut inventory of domestic peanut oil sample enterprises was 151,700 tons, an increase of 531 tons from last week. The arrival volume at oil mills increased this week [15] - Market transaction: The arrival volume in the domestic market was small. Traders were cautious in purchasing due to the hot weather, and market demand was not obvious with average sales [15] Future Outlook - The domestic peanut price fluctuated strongly. The market was generally stable, and positive signals from oil mills boosted market confidence. Buyers' purchasing willingness increased slightly but remained cautious [16]