菜粕大涨、棉花及白糖大跌

1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report The report analyzes the trends of various agricultural products, including significant price movements in rapeseed meal and cotton, and provides trading strategies for each product based on market fundamentals and technical analysis [1]. 3. Summary by Directory 3.1 Agricultural Products Sector Overview - Rapeseed meal rebounded significantly due to unhelpful Sino - US economic and trade talks for soybean imports and the peak season of aquaculture demand [1]. - Cotton continued to decline as Xinjiang had a good harvest outlook and downstream demand was weak [1]. - Sugar reversed and tumbled because of concerns about increased sugar imports and a large number of long - position liquidations [1]. - Soybean oil fluctuated upwards, stimulated by the news of Chinese soybean oil exports to India [1]. 3.2 Variety Strategy Tracking 3.2.1 Rapeseed Meal and Soybean Meal - Both rapeseed meal and soybean meal rose. The Sino - US economic and trade talks and the aquaculture peak season boosted prices. Rapeseed meal inventory decreased to 66.54 million tons by the 30th week, and soybean meal downstream enterprises restocked at low prices [2]. - For rapeseed meal 2509 contract, take a light - long position, with support at 2661 and resistance at 2750. For soybean meal 2509 contract, close short positions and conduct short - term trading, with support at 2980 and resistance at 3036 [4]. 3.2.2 Cotton - Cotton 2509 contract continued to fall due to high - yield expectations and weak downstream demand. Xinjiang cotton growth was good, and the textile industry was in a slack season [6][7]. - Take a light - short position, with support at 13610 and resistance at 13770 [7]. 3.2.3 Soybean Oil - Soybean oil 2509 contract continued to rise after a sharp increase the previous day, as China sold discounted soybean oil to India, boosting market sentiment [8]. - Take a light - long position, with support at 8180 and resistance at 8300 [11]. 3.2.4 Palm Oil - Palm oil 2509 contract oscillated upwards. International crude oil price increases and a weakening Malaysian ringgit provided support, although Malaysian exports decreased. Domestic demand was stable [12]. - Take a light - long position, with support at 8900 and resistance at 9050 [12]. 3.2.5 Live Pigs - Live pigs 2509 contract oscillated downwards. There was an increase in supply from farmers and weak demand due to high temperatures and less consumption [14]. - Take a light - short position, with support at 13930 and resistance at 14220 [14]. 3.2.6 Corn - Corn 2509 contract oscillated and closed positive, showing a sideways trend. There were both supply - increasing and supply - decreasing factors in the market [16]. - Close short positions and conduct short - term trading, with support at 2300 and resistance at 2316 [16]. 3.2.7 Sugar - Sugar 2509 contract tumbled. Analysts expected an increase in Brazilian sugar production, and there were concerns about increased domestic sugar imports, leading to long - position liquidations [18]. - Close long positions and take a light - short position, with support at 5790 and resistance at 5840 [18]. 3.2.8 Eggs - Eggs 2509 contract oscillated downwards. There was high egg - laying hen inventory and slow capacity reduction on the supply side, and delayed seasonal demand on the demand side [21]. - Take a light - short position, with support at 3550 and resistance at 3597 [21]. 3.2.9 Red Dates - Red dates 2601 contract oscillated upwards. The estimated new - date production was 56 - 62 million tons, a 20 - 25% year - on - year decrease. The market was still debating the extent of the production cut [22]. - Take a light - long position, with support at 10650 and resistance at 10950 [24]. 3.2.10 Apples - Apples 2510 contract oscillated downwards. Storage merchants were eager to sell, and the quality of early - maturing apples was not good [25]. - Take a light - short - term short position, with support at 7857 and resistance at 7969 [25].