Report Industry Investment Ratings - Palm oil, rapeseed meal, rapeseed oil, and corn are rated ☆☆☆, indicating a relatively balanced short - term trend with potential for both upside and downside [1] - Soybean and soybean meal are not explicitly rated in a star system in the given context - Eggs are rated ★☆☆, representing a bearish outlook with a weak downward trend [1] - Pigs are rated ★☆★, suggesting a complex trend with some uncertainties [1] Core Viewpoints - The supply pattern of soybeans and related products will shift from tight to loose in the short - term, and the market should pay attention to policy and supply - demand changes [2][3][4] - The prices of various agricultural products are affected by multiple factors such as supply, demand, and policies, and investors need to control risks, especially around the May Day holiday [2][3][4] Summary by Related Catalogs Soybeans - The price of domestic soybean futures has fallen from recent highs with reduced positions. Reserve soybeans are being released, and the supply of imported soybeans will increase after May Day. The supply pattern will shift from tight to loose [2] Soybean Meal - The supply pattern of near - term soybean meal will shift from tight to loose. The basis has fluctuated sharply. Futures prices are expected to be relatively strong in the short - term but may weaken when supply risks are resolved [3] Soybean Oil and Palm Oil - The domestic soybean and palm oil futures markets have seen significant position - reduction and price drops before the May Day holiday. The supply of soybean oil will increase after May Day, and palm oil is in the production - increasing cycle [4] Rapeseed Meal and Rapeseed Oil - The soybean supply shortage will ease after May Day. The domestic rapeseed meal and rapeseed oil inventories have decreased. The market is mainly in a volatile state, and the long - term supply shortage may be alleviated by new trade flows [6] Corn - The supply of corn in Shandong's deep - processing enterprises has decreased, and the port inventory pressure has reduced. The market is currently divided, and the futures market may decline after the release of grain sources [7] Pigs - The pig futures market is oscillating weakly, and the spot price is declining. The future supply is expected to increase, and attention should be paid to the decline in spot prices [8] Eggs - The price of egg futures and spot has declined. After May Day, the demand will be weak, and the egg production capacity will increase, so a bearish outlook is expected [9]
农产品日报-20250428
Guo Tou Qi Huo·2025-04-28 12:33