Market Overview and Market Review Market Overall Performance - On July 22, 2025, the main continuous contract of DCE soybean No. 1 futures continued its rebound and upward trend. The opening price was 4,204 yuan/ton, the highest price was 4,238 yuan/ton, the lowest price was 4,184 yuan/ton, and the closing price was 4,232 yuan/ton, up 56 yuan/ton or 1.34% from the previous day. The trading volume was 146,103 lots, the open interest was 181,087 lots, and the daily increase in open interest was 8,089 lots [2]. Futures Market Data - The report provides detailed futures market data for different contracts of soybean No. 1, including opening price, highest price, lowest price, closing price, previous settlement price, settlement price, price change, trading volume, open interest, change in open interest, and trading value. The total trading volume of soybean No. 1 futures was 189,592 lots, the total open interest was 309,914 lots, and the total trading value was 795,149.28 million yuan [2]. Spot Market Data - According to Wind data, the average price of domestic soybeans on the day was 4,017 yuan/ton, a month-on-month decrease of 0.25%. In recent days, the spot price of soybeans has been stable with a slight decline. The soybean inventory at major ports was 6.7453 million tons, a month-on-month increase of 1.29%. As imported soybeans arrive at ports successively, the soybean inventory at ports continues to accumulate [4]. Influencing Factor Analysis Important News and Event Reviews - The import price of near - month soybeans showed a weakening trend. The near - month landed duty - paid price of US Gulf soybeans was 4,907.94 yuan/ton, that of Brazilian soybeans was 3,927.66 yuan/ton, and that of Argentine soybeans was 3,799.66 yuan/ton [9]. Associated Data Tracking - The basis of soybean No. 1 on the day was - 212 yuan/ton. The total open interest of soybean No. 1 options was 60,222 contracts, including 40,687 call option contracts and 19,535 put option contracts. The put - to - call ratio of open interest was 0.4801 [12]. Core View - The spot price of domestic soybeans is stable with a slight decline, the port inventory is increasing, and the import price of near - month soybeans is weakening. The soybean No. 1 futures market is showing a rebound and upward trend, and the market sentiment is relatively warm, continuing to be dominated by a volatile and strong trend [4][9][13]
国金期货豆一期货日报-20250724
Guo Jin Qi Huo·2025-07-24 11:40