玉米、鸡蛋大跌

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The agricultural product sector is generally under pressure. Corn, eggs, cotton, and sugar are all showing downward trends, while some products like soybean oil are in a state of high - level adjustment, and palm oil, soybean meal, and others are also experiencing downward pressure [1]. 3. Summary by Related Catalogs 3.1 Agricultural Product Sector Overview - Corn prices are under pressure due to factors such as continuous auctions of imported corn, wheat substitution, possible restart of directional rice auctions in August, and the listing of spring corn. It is expected to run weakly in the future [1]. - Egg prices have dropped to a new low because of high egg - laying hen inventory, slow culling of old hens, insufficient capacity reduction, sufficient supply, and average demand. The downward space may expand [1]. - Cotton prices continue to decline due to the expectation of a new cotton harvest and weak downstream demand [1]. - Sugar prices have broken through the support level, and the expected increase in imported sugar volume has suppressed the market [1]. 3.2 Variety Strategy Tracking 3.2.1 Corn - Focus: The main 2509 contract of corn has fallen sharply. Supply is abundant with multiple factors, and demand is weak. Technically, it is weak. The strategy is to hold a light - position short order. The support for the main 2509 contract is 2274, and the resistance is 2300 [2]. 3.2.2 Eggs - Focus: The main 2509 contract of eggs has fallen to a new low this year. The supply - side pressure is high with high egg - laying hen inventory and slow capacity reduction. Demand lacks positive factors. Technically, it is weak. The strategy is to hold a light - position short order. The support for the main 2509 contract is 3500, and the resistance is 3550 [3]. 3.2.3 Soybean Meal - Focus: The 2509 contract of soybean meal has fallen in a volatile manner, affected by the sharp decline of US soybeans in the external market. Supply is sufficient, and some long - positions in the futures market have been closed. Technically, it is weak. The strategy is to hold a light - position short - term short order. The support for the 2509 contract is 2980, and the resistance is 3007 [5]. 3.2.4 Cotton - Focus: The main 2509 contract of cotton has continued to fall, with an expanding downward space. The new cotton harvest expectation and weak downstream demand are negative factors. Technically, it is weak. The strategy is to hold a light - position short order. The support for the main 2509 contract is 13600, and the resistance is 13780 [8]. 3.2.5 Soybean Oil - Focus: The main 2509 contract of soybean oil has fallen and closed in the negative, adjusting at a high level. Supply is sufficient, but there is news of exports to India. Technically, the strength has not been reversed. The strategy is to hold a light - position long order. The support for the main 2509 contract is 8150, and the resistance is 8280 [11]. 3.2.6 Palm Oil - Focus: The main 2509 contract of palm oil has fallen in a volatile manner, adjusting at a high level. The production in Malaysia has increased, and exports have decreased. Technically, it is weak. The strategy is to close long positions and hold a light - position short order. The support for the main 2509 contract is 8810, and the resistance is 8960 [12][15]. 3.2.7 Live Pigs - Focus: The 2509 contract of live pigs has continued to fall, affected by increased supply and weak demand. Technically, it is weak. The strategy is to hold a light - position short order. The support for the main 2509 contract is 14050, and the resistance is 14160 [16]. 3.2.8 Sugar - Focus: The main 2509 contract of Zhengzhou sugar has continued to fall. The expected increase in Brazilian sugar production and concerns about the increase in imported sugar volume in the domestic market have led to long - position closing. Technically, it has turned weak. The strategy is to hold a light - position short order. The support for the main 2509 contract is 5768, and the resistance is 5814 [18]. 3.2.9 Red Dates - Focus: The main 2601 contract of red dates has first risen and then fallen, adjusting downward. The estimated new jujube production has a smaller - than - expected decline, and consumption is in the off - season. The strategy is to reduce long positions. The support for the main 2601 contract is 10500, and the resistance is 10850 [20]. 3.2.10 Apples - Focus: The main 2510 contract of apples has broken through the support level and continued to fall. The inventory trading is average, and the listing of early - maturing apples has not improved the situation. Technically, it is weak. The strategy is to hold a light - position short order. The support for the main 2510 contract is 7755, and the resistance is 7860 [22].