油料日报：花生成交好转，价格震荡偏强-20250520

1. Report Industry Investment Rating - The investment strategy for both soybeans and peanuts is neutral [3][4] 2. Core Viewpoints - Domestic soybean futures prices fluctuated, and domestic soybean prices in various regions showed a stable - to - rising trend due to low remaining grain, minimal market inventory compared to the same period in previous years, weak downstream procurement, and a significant decline in reserve auction quantities, resulting in a supply - demand balance that gives soybean prices some resilience [1][2] - Domestic peanut futures prices rose slightly, and the peanut spot market showed a stable - to - strong trend last week. The trading atmosphere warmed up, and the price center gradually shifted upwards. Factors such as low remaining inventory at the grass - roots level, low grass - roots supply affected by the busy farming season, and delayed new - season sowing due to drought have led to uncertainties in later growth [3] 3. Summary by Related Catalogs Soybean Market Analysis - Futures: The closing price of the soybeans 2505 contract was 4182.00 yuan/ton, up 14.00 yuan/ton or +0.34% from the previous day [1] - Spot: The edible soybean spot basis was A05 - 22, down 14 or 32.14% from the previous day. The prices of national standard first - class soybeans in various regions of Heilongjiang remained stable [1] - Market News: On Tuesday, CBOT soybean futures closed higher, with the benchmark contract up 0.2%, following the rise in the corn market, but the improved weather in Argentina restricted the rebound of the soybean market [1] Peanut Market Analysis - Futures: The closing price of the peanut 2505 contract was 8268.00 yuan/ton, up 36.00 yuan/ton or +0.44% from the previous day [3] - Spot: The average peanut spot price was 8380.00 yuan/ton, up 80.00 yuan/ton or +0.96% month - on - month. The spot basis was PK05 - 268.00, down 36.00 or +15.52% month - on - month. Peanut prices in different regions were reported [3]