Group 1: Report Industry Investment Rating - The investment strategy for both soybeans and peanuts is rated as neutral [3][5] Group 2: Core Viewpoints of the Report - The supply of new and old soybeans is stable, while the peanut market lacks confidence. The soybeans futures showed a weak oscillation, and the low - protein auction soybeans prices are under pressure. The peanut futures had a weak adjustment, with the demand side remaining sluggish and traders lacking confidence [1][3][4] Group 3: Summary by Related Catalogs Soybean View Market Analysis - Futures: The closing price of the bean - one 2511 contract yesterday was 4036.00 yuan/ton, down 10.00 yuan/ton (-0.25%) from the previous day. Spot: The edible soybean spot basis was A11 + 224, up 10 (+32.14%) from the previous day [1] - In the northeast market, soybean prices in some producing areas dropped slightly due to the decline in low - protein prices and the impact of state - reserve auctions. In the sales areas, the trading volume was relatively low due to high temperatures and poor demand. Specific prices in different regions of Heilongjiang showed some declines or remained stable [1] - The bean - one futures showed a weak oscillation. The auctions of central and local soybeans continued, and the lower reserve price increased the transaction rate, but the Heilongjiang provincial - reserve soybean auction failed. The soybeans in the northeast and inland areas are in the late growth stage with good growth and weather conditions. High - protein soybean prices were stable, while low - protein soybean prices were under pressure [2] Strategy - The strategy for soybeans is neutral [3] Peanut View Market Analysis - Futures: The closing price of the peanut 2510 contract yesterday was 7782.00 yuan/ton, down 46.00 yuan/ton (-0.59%) from the previous day. Spot: The average peanut spot price was 8260.00 yuan/ton, unchanged from the previous day. The spot basis was PK10 + 318.00, up 46.00 (+16.91%) from the previous day [3] - The peanut market is in the transition period between new and old peanuts. The average price of old peanuts is stable, and they are being cleared from inventory. New peanuts' prices are rising steadily, and the number of new - peanut - listing areas and the supply are increasing. The peanut futures had a weak adjustment. The overall trading atmosphere of domestic peanut spots is average, and the demand is sluggish [3][4] Strategy - The strategy for peanuts is neutral [5]
新陈大豆供应平稳,花生市场信心不足
Hua Tai Qi Huo·2025-08-21 03:07