Report Industry Investment Rating - The investment rating for both the soybean and peanut industries is neutral [3][6] Core Viewpoints - The peanut market is in a state of relatively loose supply and demand, with prices oscillating weakly in the short - term. The soybean market is in a game between policy support and loose supply - demand, remaining stable in the short - term, while long - term trends depend on state reserve rotation policies and the arrival schedule of South American soybeans [1][2] Summary by Related Catalogs Soybean View Market Analysis - Futures: The closing price of the soybean 2505 contract was 4209.00 yuan/ton yesterday, a change of +21.00 yuan/ton (+0.50%) from the previous day. Spot: The edible soybean spot basis was A05 - 89, a change of - 81 (32.14%) from the previous day. On Monday, CBOT soybean futures closed down, with the benchmark contract down 1.18%. In the domestic market, on May 6, the prices of national standard first - class protein soybeans in various regions of Heilongjiang decreased by 0.03 yuan/jin [1] - Yesterday, domestic soybean prices oscillated. In April, the demand for domestic soybeans from crushers and protein factories increased significantly due to difficult customs clearance of imported soybeans. Bean product factories mainly replenished based on rigid demand. Farmers had little remaining grain and were reluctant to sell, resulting in a weak purchasing atmosphere. The prices of soybeans in the Northeast production area increased by 0.09 - 0.13 yuan/jin, and those in the local production area increased by 0.09 - 0.12 yuan/jin [1][2] Strategy - The strategy for the soybean market is neutral [3] Peanut View Market Analysis - Futures: The closing price of the peanut 2505 contract was 8028.00 yuan/ton yesterday, a change of - 32.00 yuan/ton (-0.40%) from the previous day. Spot: The average peanut spot price was 8240.00 yuan/ton, with no change from the previous day. The spot basis was PK05 - 128.00, a change of - 68.00 (+113.33%) from the previous day. As of April 30, 2025, the national average price of common peanuts was 8240 yuan/ton, a decrease of 80 yuan/ton from the previous month [3][4] - Yesterday, domestic peanut prices oscillated. In April, peanut prices continued to decline weakly, with some main production areas' quotes remaining weakly stable. Traders in the domestic market had low purchasing willingness and generally adopted a strategy of replenishing inventory as needed. The approaching festivals recently drove a partial increase in demand, and the sales volume in some markets improved slightly [4][5] Strategy - The strategy for the peanut market is neutral [6]
油料日报：供需偏宽松，花生震荡偏弱运行-20250507
Hua Tai Qi Huo·2025-05-07 05:59