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油料日报:中美关税政策延续,油料震荡运行-20250731
Hua Tai Qi Huo·2025-07-31 05:07

Group 1: Report Industry Investment Rating - The investment strategy for soybeans and peanuts is neutral [4][5] Group 2: Report's Core View - Under the continuation of Sino - US tariff policies, the oilseed market is oscillating. The soybean supply is expected to remain loose, and the peanut market is generally weak with low downstream consumption and cautious middlemen [1][3][4] Group 3: Summary by Related Contents Soybean Market - Futures and Spot Prices: The closing price of the soy - one 2509 contract was 4153.00 yuan/ton, up 9.00 yuan/ton (+0.22%) from the previous day. The edible soybean spot basis was A09 + 147, down 9 (-32.14%) from the previous day. On Tuesday, CBOT soybean futures fell for the third consecutive day, with the benchmark contract down 0.3%. Northeast soybean prices were stable, with remaining grain mostly consumed and limited trader inventories [1][2] - Market Factors: The Sino - US negotiation result maintained the previous "reciprocal tariff" rate, and the US soybean export expectation had no substantial change. The soybean crop in the Northeast was growing well, and the supply was expected to be loose [3] Peanut Market - Futures and Spot Prices: The closing price of the peanut 2510 contract was 8106.00 yuan/ton, up 4.00 yuan/ton (+0.05%) from the previous day. The average peanut spot price was 8580.00 yuan/ton, down 40.00 yuan/ton (-0.46%) month - on - month. The spot basis was PK10 + 94.00, down 4.00 (-4.08%) month - on - month. The domestic peanut market was oscillating slightly downward, with the average price of common peanuts at 4.29 yuan/jin [4] - Market Factors: The peanut market was generally weak, with a sluggish downstream consumption environment, light trading, increased operating difficulties for middlemen, and strong risk - aversion sentiment [4]