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豆粕：贸易摩擦缓和、美豆收涨，连粕震荡，豆一：盘面震荡
Guo Tai Jun An Qi Huo·2025-05-15 03:05

Report Summary 1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoints - On May 14, CBOT soybean futures mostly closed higher, with the benchmark contract reaching a nearly 10 - month high, supported by the 90 - day suspension of high - tariff collection on each other's goods between China and the US and the proposal to extend the US biofuel tax credit. Traders are watching whether China will resume buying US agricultural products, and there's optimism about a long - term second - stage trade agreement [3]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Prices: DCE Bean No.1 2507 closed at 4174 yuan/ton during the day session, up 14 (+0.34%), and 4183 yuan/ton at night, up 18 (+0.43%); DCE Soybean Meal 2509 closed at 2914 yuan/ton during the day, up 11 (+0.38%), and 2898 yuan/ton at night, unchanged; CBOT Soybean 07 closed at 1076 cents/bu, up 1.0 (+0.09%); CBOT Soybean Meal 07 was at 292 dollars/short ton, down 1.6 (-0.54%) [1]. - Spot Prices: In Shandong, the spot price of soybean meal (43%) was 3060 - 3100 yuan/ton, with various changes in basis compared to the previous day. In East China, the price in Taizhou Huifu was 3050 yuan/ton, unchanged. In South China, the price was 3050 - 3200 yuan/ton, unchanged or up 10 yuan/ton compared to the previous day [1]. - Main Industry Data: The trading volume of soybean meal was 8.15 million tons per day, compared to 4.1 million tons in the previous two trading days. The inventory was 10.06 million tons per week, compared to 9.71 million tons in the previous two weeks [1]. 3.2 Macro and Industry News - On May 14, CBOT soybean futures mostly closed higher. The benchmark contract rose for five consecutive trading days and reached a nearly 10 - month high, supported by the 90 - day suspension of high - tariff collection on each other's goods between China and the US and the proposal to extend the US biofuel tax credit. Traders are uncertain about what will happen after the tariff suspension expires, but there's optimism about a long - term second - stage trade agreement [3]. 3.3 Trend Intensity - The trend intensity of soybean meal and Bean No.1 is 0, indicating a neutral trend for the day - session main - contract futures price fluctuations on the reporting day [3].