棕油劲升、鸡蛋大跌

1. Report Industry Investment Rating No information provided in the content. 2. Core View of the Report The agricultural products sector shows diverse trends. Palm oil is expected to be strong due to positive supply - demand reports and strong exports. Eggs are under pressure from high supply. Pork prices are affected by supply - demand imbalance. Red dates are rising on production reduction expectations and holiday stocking. Other products like soybean oil, sugar, corn, etc. also have their own influencing factors and price trends [1]. 3. Summary by Related Catalogs 3.1 Agricultural Products Sector Overview - Palm oil is strongly supported by positive monthly supply - demand reports from Malaysia and strong early - August exports, with a bullish outlook [1]. - Eggs have dropped significantly because of high laying - hen inventory, abundant supply, and the impact of cold - stored eggs on the market [1]. - Red dates continue to rise due to expected production reduction in the new season and the start of the Mid - Autumn and National Day stocking period [1]. - Pork prices have fallen after a rise because of accelerated supply from farmers and insufficient consumer demand [1]. 3.2 Variety Strategy Tracking 3.2.1 Palm Oil - The main 2509 contract has reached a new high this year. Malaysia's July palm oil production increased 7.09% to 181 million tons, exports rose 3.82% to 131 million tons, and inventory increased 4.02% to 211 million tons. August 1 - 10 exports increased 23.3% and 24% compared to the previous period. The market expects increased demand from India before the October Diwali [2]. - Technically, the contract is strong. The strategy is to hold a light long position, with support at 8940 and resistance at 9250 [4]. 3.2.2 Eggs - The main 2510 contract has fallen sharply. In July, the national laying - hen inventory was about 1.292 billion, a 1.73% month - on - month and 7.14% year - on - year increase. Cold - stored eggs are impacting the market [5]. - Technically, it is weak. The strategy is to hold a light short position, with support at 3160 and resistance at 3254 [5]. 3.2.3 Pork - The main 2511 contract first rose and then fell. Supply pressure remains high, with low demand in summer, increased fattening costs, and some pig diseases. Demand is limited, especially in the southern regions [7]. - Technically, the upward trend remains. The strategy is to hold a long position, with support at 14060 and resistance at 14325 [7]. 3.2.4 Red Dates - The main 2601 contract has continued to rise. New - season production is expected to be 56 - 62 million tons, a 20 - 25% year - on - year decrease. The Mid - Autumn and National Day stocking period has started [9]. - Technically, it is strong. The strategy is to hold a light long position, with support at 11400 and resistance at 11900 [9]. 3.2.5 Soybean Oil - The main 2601 contract has continued to rise, driven by the strength of palm oil. Uncertain US soybean purchases, soybean oil exports, and expected inventory reduction during the autumn and holidays support the price [11]. - Technically, it is strong. The strategy is to hold a light long position, with support at 8288 and resistance at 8466 [11]. 3.2.6 Sugar - The main 2509 contract has continued to decline. Imported sugar is expected to increase, and domestic sugar de - stocking may slow down. Beet sugar will start production in September, increasing supply [13]. - Technically, it is weak. The strategy is to hold a light short position, with support at 5550 and resistance at 5599 [13]. 3.2.7 Corn - The main 2509 contract is in a low - level oscillation. Continuous auctions of imported corn, wheat substitution, and low demand from downstream enterprises are pressuring the price. New - season corn has a good harvest outlook [15]. - Technically, it is weak. The strategy is to hold a short position, with support at 2245 and resistance at 2268 [15]. 3.2.8 Soybean Meal - The main 2601 contract has oscillated downward. Trump's call for China to buy more US soybeans may change the import situation. In July, domestic oil mills had a high operating rate, increasing soybean meal output and inventory [19]. - Technically, it is weak. The strategy is short - term trading, with support at 3034 and resistance at 3107 [19]. 3.2.9 Cotton - The main 2601 contract has oscillated upward. Xinjiang cotton has a good growth outlook, but current commercial inventory is low, and there are expectations of supply shortage before new - cotton listing. The textile industry is in a low season [20]. - Technically, it is strong. The strategy is to close short positions and open light long positions, with support at 13800 and resistance at 14000 [22]. 3.2.10 Apples - The main 2510 contract has continued to rise. As of August 6, the national apple cold - storage inventory was 533,900 tons and decreasing. New - season apple listing is delayed due to weather [23]. - Technically, it is strong. The strategy is to buy on dips, with support at 8050 and resistance at 8200 [23].