生猪劲升、白糖续跌

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The agricultural products sector shows mixed trends: pig prices rise significantly, sugar prices continue to fall, and other products have different price movements [1]. - The price trends of various agricultural products are affected by factors such as policies, international market conditions, supply - demand relationships, and technical indicators. 3. Summary by Variety (1) Pig - Focus: The 2509 contract of live pigs rises strongly, supported by the state's 10,000 - ton pork purchase and storage news, which boosts market confidence and encourages slaughter enterprises to increase pig - purchasing efforts [2]. - Technical analysis: The main 2509 contract closes with a long positive line, standing above the 20 - day moving average, with an expanding MACD red column. The recommended strategy is to hold a small - position long order, with support at 13,560 and resistance at 13,880 [2]. (2) Sugar - Focus: The 2509 contract of sugar continues to fall, dragged down by the weak external market. Brazil's sugar - making pace accelerates, and the sugar production prospects in India and Thailand are good, causing the ICE raw sugar futures price to decline [3]. - Technical analysis: The main 2509 contract continues to fall, below all moving averages, with a weak technical pattern. The recommended strategy is to hold a small - position short order, with support at 5,610 and resistance at 5,664 [3]. (3) Palm Oil - Focus: The 2509 contract of palm oil rebounds and fluctuates after a sharp decline, boosted by the rise in crude oil prices, but the rebound is limited due to the abundant supply in the producing areas. Malaysia's palm oil production and inventory increase in May [6]. - Technical analysis: The main 2509 contract rebounds slightly but is still below all moving averages, with a dead - cross sign in MACD. The recommended strategy is to hold a small - position short order at high prices, with support at 7,958 and resistance at 8,070 [6]. (4) Soybean Meal - Focus: The 2509 contract of soybean meal oscillates upward. The agreement framework reached between China and the United States boosts market sentiment. The rising cost of imported Brazilian soybeans and the oil mills' increased willingness to support prices contribute to the rise [7]. - Technical analysis: The main 2509 contract oscillates at a high level, above the moving - average system, with an expanding MACD red column. The recommended strategy is to hold a small - position long order, with support at 3,031 and resistance at 3,065 [7]. (5) Corn - Focus: The 2507 contract of corn adjusts at a high level. Although supported by the wheat purchase - storage policy, it faces resistance at high levels, and long - position liquidation leads to a price correction [9]. - Technical analysis: The main 2507 contract continues to adjust but remains above the moving averages. The recommended strategy is to hold a long order, with support at 2,364 and resistance at 2,387 [9]. (6) Cotton - Focus: The 2509 contract of cotton oscillates narrowly after a continuous rise, supported by the positive news of China - US economic and trade talks. The domestic textile market is in the off - season, but the inventory is declining [11]. - Technical analysis: The main 2509 contract fluctuates at a high level, with a golden - cross above the MACD zero - axis and an expanding red column. The recommended strategy is to hold a small - position long order, with support at 13,490 and resistance at 13,600 [11]. (7) Soybean Oil - Focus: The 2509 contract of soybean oil continues to decline, pressured by the increasing domestic supply. The large arrival of imported soybeans and the high operating rate of oil mills lead to a significant accumulation of soybean oil inventory [13]. - Technical analysis: The main 2509 contract continues to decline, below the moving - average system. The recommended strategy is to hold a small - position short order, with support at 7,666 and resistance at 7,728 [13]. (8) Eggs - Focus: The 2508 contract of eggs oscillates downward. The high inventory of laying hens and weak demand during the off - season put pressure on the egg futures price [16]. - Technical analysis: The main 2508 contract oscillates downward, below the moving - average system. The recommended strategy is to hold a small - position short order, with support at 3,450 and resistance at 3,500 [16]. (9) Apples - Focus: The 2510 contract of apples continues to rebound with intraday oscillations. Low inventory and production - reduction expectations support the price, but the limited demand in the off - season restricts the rebound space [17]. - Technical analysis: The main 2510 contract rebounds and oscillates, standing above the 5 - day moving average. The recommended strategy is to hold a short order, with support at 7,478 and resistance at 7,600 [19]. (10) Peanuts - Focus: The 2510 contract of peanuts continues to fall, reaching a one - month low. Weak terminal demand and increased supply from some holders selling off pressure the peanut price [20]. - Technical analysis: The main 2510 contract continues to fall, below the moving - average system, with an expanding MACD green column. The recommended strategy is to hold a small - position short order, with support at 8,180 and resistance at 8,230 [22].