后市聚焦供需及天气，油料震荡运行

Report Summary 1) Report Industry Investment Rating - The investment strategy for both soybeans and peanuts is rated as neutral [1][3] 2) Core Viewpoints - The market for oilseeds will fluctuate, with future focus on supply - demand and weather conditions [1] - The soybeans market is currently in a state of oversupply, and the prices in Anhui and Jiangsu may change due to the large - scale listing of early - maturing soybeans in Hubei [2] - For peanuts, there are concerns about a potential reduction in the new - season yield due to drought in Henan, and the attitude of holders of high - quality cold - storage peanuts towards price support has strengthened, but demand - side procurement is cautious [3] 3) Summary by Related Catalogs Soybean View - Market Analysis - Futures: The closing price of the bean one 2509 contract yesterday was 4199.00 yuan/ton, up 10.00 yuan/ton or 0.24% from the previous day [1] - Spot: The edible bean spot basis was A09 + 101, down 10 or 32.14% from the previous day. Northeast soybean prices remained stable today, with prices in different regions unchanged from the previous day [1] - Market Situation: Yesterday, the bean one futures continued to fluctuate in a narrow range. Today, Sinograin will start two - way auctions, leading to strong market wait - and - see sentiment. The situation outside the pass is stable, while inside the pass, due to the listing of early - maturing soybeans in Hubei and weak off - season demand, inquiries and purchases have decreased, and old soybean prices are under pressure. Domestic spot prices in the Northeast have good growth conditions, and prices inside the pass are stable with a weakening trend. Downstream enterprise operations are stable, and the market state is unlikely to change significantly. After mid - August, the market may change with the start of preparations for the new semester [2] - Strategy - The strategy for soybeans is neutral [1] Peanut View - Market Analysis - Futures: The closing price of the peanut 2510 contract yesterday was 8206.00 yuan/ton, down 16.00 yuan/ton or 0.19% from the previous day [3] - Spot: The average spot price of peanuts was 8700.00 yuan/ton, unchanged from the previous day. The spot basis was PK10 - 106.00, up 16.00 or - 13.11% from the previous day. The domestic peanut market was oscillating and stable yesterday, with raw material procurement in production areas basically completed, mainly trading cold - storage goods, and general inquiry and purchase. Peanut prices vary in different regions [3] - Market Situation: Yesterday, the main peanut futures contract fluctuated weakly. Currently, raw material procurement in production areas has basically ended, and the market mainly trades cold - storage goods. There are concerns about a reduction in the new - season peanut yield due to drought in Henan, and imports are still low. Holders of high - quality cold - storage peanuts have a stronger attitude towards price support, but demand - side procurement is cautious. Future attention should be paid to rainfall in production areas [3] - Strategy - The strategy for peanuts is neutral [3] - Risk - The risk for peanuts is weakening demand [4]