农产品日报-20250812

Group 1: Investment Ratings - No investment ratings provided in the report Group 2: Core Views - Corn: Corn prices showed a weakening trend on Monday. Futures prices fluctuated narrowly, and spot prices declined. Mid - term operations should maintain a bearish outlook, focusing on the impact of new grain costs on forward prices [1] - Soybean and Bean Meal: CBOT soybeans rose on Monday due to improved export prospects and hot weather in the production areas. Domestic bean meal and rapeseed meal prices fell, and the supply concerns eased. The strategy for bean meal is short - term trading [1] - Palm Oil: BMD palm oil rose on Monday due to improved export expectations and a positive MPOB report. Domestic palm oil led the increase among the three major oils, reaching a three - year high. The strategy is to hold long positions and sell put options [1] - Eggs: The main egg contract continued to decline on Monday. Although spot prices rose slightly, the short - term fundamentals remained weak. However, there is a possibility of a seasonal rebound in the future, but the high point is likely to be lower than last year [1][2] - Pigs: The main pig futures contract rebounded in the morning and then declined on Monday. The supply side exerts pressure on pig prices, while policies provide support. The market is expected to remain volatile [2] Group 3: Market Information - Indonesia: The Indonesian trade authorities are asking palm oil producers to increase local sales to lower prices and maintain the DMO level at 175,000 tons per month by the end of the year. Indonesia plans to implement the B50 biodiesel mandatory blending policy in 2026, but it may be difficult to start in January [3] - Soybean Pressing: The domestic soybean pressing volume decreased slightly last week to 2.18 million tons and is expected to rebound to 2.3 million tons this week [3] - Malaysian Palm Oil: In July, Malaysia's palm oil production increased by 7.09% month - on - month, inventory increased by 4.02% month - on - month (lower than Reuters' expectation), imports decreased by 12.82% month - on - month, and exports increased by 3.82% month - on - month [3] Group 4: Variety Spreads - Contract Spreads: The report shows various contract spreads such as corn 9 - 1, corn starch 9 - 1, etc., but no specific analysis is provided [4][5][7][8][11] - Contract Basis: The report shows various contract bases such as corn basis, soybean basis, etc., but no specific analysis is provided [12][13][17][23][25] Group 5: Research Team - Wang Na: Director of the Agricultural Product Research Department at Everbright Futures Research Institute, leader of the top ten research teams at DCE. She has won many awards and has rich media experience [27] - Hou Xueling: Soybean analyst at Everbright Futures, with over a decade of futures experience and many awards [27] - Kong Hailan: Researcher on eggs and pigs at Everbright Futures, with experience as a guest analyst on financial channels and participation in many research achievements [27]