油脂产业期现日报-20250508

Group 1: General Information - The reports cover various industries including oils and fats, sugar, cotton, eggs, meal, livestock, and corn [1][3][4][7][9][12][14] - The date of the reports is May 8, 2025 [1][3][4][7][9][12][14] Group 2: Oils and Fats Industry Investment Rating - Not provided Core View - Palm oil: Potential over - supply due to increased production may push down prices. Domestic palm oil futures may follow the downward trend of Malaysian palm oil [1] - Soybean oil: Sino - US meeting may boost CBOT soybeans, but US biodiesel policy may limit the upside. In China, high basis and increasing supply may lead to a decline in basis quotes [1] Summary by Catalog - Price Data: Different price changes are shown for spot and futures prices of palm oil, soybean oil, and rapeseed oil, along with basis, spreads, and inventory data [1] Group 3: Sugar Industry Investment Rating - Not provided Core View - Supply concerns are alleviated with good starts in Brazil's new sugar - cane season and expected increase in India's sugar production. In China, the overall supply - demand is loosening, and sugar prices are expected to be weak after the holiday [3] Summary by Catalog - Price Data: Futures and spot prices of sugar show certain fluctuations, along with basis, spreads, and inventory data [3] - Industry Data: National and regional sugar production, sales, and inventory data show year - on - year changes [3] Group 4: Cotton Industry Investment Rating - Not provided Core View - In the short term, macro factors dominate the market, and cotton prices may fluctuate. The downstream market is slightly weakening, and inventory is slightly accumulating [4] Summary by Catalog - Price Data: Futures and spot prices of cotton show changes, along with basis, spreads, and inventory data [4] - Industry Data: Inventory, import volume, and textile - related data show month - on - month changes [4] Group 5: Egg Industry Investment Rating - Not provided Core View - Post - holiday replenishment has a limited impact on egg prices due to supply pressure. Egg prices may remain stable in May and decline in June. Short - selling is recommended for 06 and 07 contracts [7] Summary by Catalog - Price Data: Futures and spot prices of eggs, along with related spreads and costs, show certain changes [7] Group 6: Meal Industry Investment Rating - Not provided Core View - US soybeans are following the decline of US soybean oil. Spring sowing is progressing well, and the supply pressure from Brazil is continuing. In China, the supply is recovering, and the basis is under pressure [9] Summary by Catalog - Price Data: Spot and futures prices of soybeans, soybean meal, and rapeseed meal are presented, along with basis, spreads, and inventory data [9] Group 7: Livestock (Pig) Industry Investment Rating - Not provided Core View - During the May Day holiday, pig prices were stable. Secondary fattening may lead to more supply in May, and demand is weak. Pig prices are expected to remain volatile. The 09 contract has priced in the weak post - holiday expectation [12] Summary by Catalog - Price Data: Futures and spot prices of pigs, along with related indicators such as slaughter volume, profit, and inventory, are shown [12] Group 8: Corn Industry Investment Rating - Not provided Core View - The corn market has a tight supply, and spot prices are strong. However, new wheat listing and policy releases may put pressure on prices. Corn prices are expected to be high and volatile in the short term and may rise in the long term [14][15] Summary by Catalog - Price Data: Futures and spot prices of corn and corn starch are presented, along with basis, spreads, and inventory data [14]