油脂大跌、白糖偏弱

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The agricultural products sector shows a mixed performance, with most oil - related products falling, sugar being weak, while corn is stabilizing and rising. The prices of various products are affected by factors such as international market trends, domestic supply and demand, and seasonal characteristics [1]. 3. Summary by Variety (1) Palm Oil - The palm oil main contract 2509 fell sharply, dragged down by the decline of soybean oil. The Malaysian production area is in the production - increasing season, and the domestic spot trading is cold. The strategy is to close long positions and wait for an opportunity to short - sell, with support at 8000 and resistance at 8100 [2]. (2) Soybean Oil - The soybean oil main contract 2509 continued to decline and expanded its decline, driven by the continuous fall of US soybean oil futures. Domestic supply pressure increased due to large - scale imports of soybeans and high - level oil - mill压榨. The strategy is to maintain a light short position, with support at 7600 and resistance at 7700 [3]. (3) Sugar - The sugar main contract 2509 continued to fall and was weakly running. Domestic production increased and there were concerns about increased imports. The strategy is to maintain a light short position, with support at 5750 and resistance at 5800 [5]. (4) Peanut - The peanut main contract 2510 reversed and fell sharply after a sharp rise, dragged down by the overall decline of the oil sector. Although there are some factors supporting the price, the demand is limited. The strategy is to reduce long positions, with support at 8368 and resistance at 8528 [8]. (5) Soybean Meal - The soybean meal main contract 2509 oscillated at a high level. The supply increased due to the arrival of imported soybeans and the increase in oil - mill operation rate. The strategy is to close long positions, with support at 2940 and resistance at 2984 [10]. (6) Corn - The corn main contract 2507 stabilized and rose. The reduction of remaining grain in the production area and the decline of port inventory supported the price. The strategy is to hold a light long position, with support at 2330 and resistance at 2342 [11][13]. (7) Live Pig - The live pig main contract 2509 rebounded first and then declined, with limited rebound. The market is back to the influence of fundamental supply - demand. The strategy is short - term trading, with support at 13380 and resistance at 13750 [14][16]. (8) Cotton - The cotton main contract 2509 oscillated downward. The textile industry is in a seasonal demand trough, and the demand for cotton is weak. The strategy is to wait patiently for a breakthrough and conduct short - term trading, with support at 13235 and resistance at 13370 [17]. (9) Egg - The egg main contract 2507 rebounded at a low level, but the downward trend has not reversed. The supply is abundant, and the price is under pressure. The strategy is for short - sellers to take profits, with support at 2869 and resistance at 2980 [19]. (10) Apple - The apple main contract 2510 continued to rebound. The low inventory and the expected reduction in the new season supported the price. The strategy is to hold a light long position, with support at 7645 and resistance at 7710 [21].