豆一供应稳健，花生市场静待新季指引

Group 1: Report Industry Investment Ratings - The investment strategy for both soybeans and peanuts is neutral [1][3][4] Group 2: Core Views of the Report - For soybeans, the supply of domestic soybeans is stable due to continuous auctions of old soybeans by Sinograin and good growth of new - season soybeans in the Northeast. The downstream processing industry has low operating rates, and the summer off - season suppresses demand. The current supply - demand contradiction is not prominent, and attention should be paid to the new soybean listing rhythm and downstream consumption changes [1][2] - For peanuts, before the large - scale listing of new peanuts, the confidence of trading entities is insufficient. The inventory of old peanuts is being consumed, and the supply of new peanuts is limited with high prices. However, downstream demand is weak. Attention should be paid to the new peanut listing rhythm and downstream market acceptance [3] Group 3: Summaries by Related Catalogs Soybean View Market Analysis - Futures: The closing price of the soybeans 2511 contract was 4044.00 yuan/ton, a change of - 12.00 yuan/ton (- 0.30%) from the previous day. The daily increase was 0.00%. - Spot: The edible soybean spot basis was A11 + 256, a change of + 12 (+ 32.14%) from the previous day. The prices in the Northeast market were stable, with the price of first - class protein 39% medium - grain tower - loaded soybeans in Harbin, Shuangyashan, and Jiamusi at 2.15 yuan/jin, and the price of first - class protein 41% medium - grain tower - loaded soybeans in Qiqihar, Heihe, and Suihua ranging from 2.19 - 2.22 yuan/jin [1] Strategy - Neutral [1] Peanut View Market Analysis - Futures: The closing price of the peanut 2510 contract was 7810.00 yuan/ton, a change of - 12.00 yuan/ton (- 0.15%) from the previous day. - Spot: The average peanut spot price was 8260.00 yuan/ton, a change of - 140.00 yuan/ton (- 1.67%) from the previous day. The spot basis was PK10 + 390.00, a change of + 12.00 (+ 3.17%) from the previous day. The domestic peanut market was basically stable, with the average price of common peanuts at 4.20 yuan/jin, and prices in different regions showing small fluctuations [3] Strategy - Neutral [3] Risk - Demand weakening [4]