天富期货：豆油劲升、白糖下挫

1. Report Industry Investment Rating - No information provided in the content 2. Core Views of the Report - The agricultural products sector shows mixed trends, with some commodities rising and others falling. Factors such as export expectations, demand changes, supply pressures, and seasonal factors influence the prices of different agricultural products [1] 3. Summary by Variety (1) Soybean Oil - The soybean oil main contract 2509 continued to rise strongly to a new high, driven by strong exports and expected demand growth. Indian soybean oil imports in July increased by 38% month - on - month to 495,000 tons. Technically, it is strong, and the strategy is to hold a light long position [2] (2) Sugar - The Zhengzhou sugar main contract 2509 continued to fall to a one - month low, pressured by the expectation of increased imported sugar. Technically, it is weak, and the strategy is to hold a light short position [3] (3) Palm Oil - The palm oil main contract 2509 adjusted slightly at a high level. Malaysian palm oil inventory is expected to increase, but domestic inventory decreased slightly last week. Technically, it is slightly strong in the short - term, and the strategy is short - term trading [6] (4) Corn - The corn main contract 2509 rebounded at a low level, but the downward trend remained unchanged. Supply increased and demand was weak. Technically, it is weak, and the strategy is to hold a light short position [9] (5) Eggs - The egg main contract 2509 rebounded at a low level, but the downward trend remained. Supply pressure was high due to high laying - hen inventory, and demand was weak. Technically, it is weak, and the strategy is to hold a light short position [10][12] (6) Soybean Meal - The soybean meal main contract 2509 adjusted slightly. Near - month contracts faced high - inventory pressure, but future supply may be tight. Technically, it is strong, and the strategy is short - term trading [13][15] (7) Cotton - The cotton main contract 2509 rebounded slightly and fluctuated at a low level. New - year cotton is expected to be abundant, and demand is weak. Technically, it is weak, and the strategy is to hold a light short position [16] (8) Live Pigs - The live pig market showed a pattern of near - term weakness and long - term strength. The 2509 contract continued to fall, while the 2511 contract rebounded. Consumption is expected to improve in the future. The strategy is to hold a light short position on the 2509 contract [18] (9) Red Dates - The red date main contract 2601 oscillated upwards. New - date production is expected to decrease, and demand is expected to pick up after立秋. Technically, it is strong, and the strategy is to hold a light long position [20] (10) Apples - The apple main contract 2510 reversed and rose. Apple inventory is low, and demand is expected to be boosted in the future. Technically, it is strong, and the strategy is to buy on dips [22]