油料日报：大豆市场等待需求，花生新旧转换运行-20250822

Report Industry Investment Rating - The investment strategy for both soybeans and peanuts is neutral [3][4] 2. Core View of the Report - The soybeans market is waiting for demand, with new beans expected to be in good growth and a potential increase in production. The peanut market is in a transition period between old and new crops, with new peanuts gradually coming onto the market but facing limited downstream acceptance of high prices [1][3] 3. Summary by Related Catalogs Soybean View Market Analysis - Futures: The closing price of the soybeans 2511 contract was 3999.00 yuan/ton, down 37.00 yuan/ton (-0.92%) from the previous day [1] - Spot: The spot basis of edible soybeans was A11 + 261, up 37 (+32.14%) from the previous day. The prices of soybeans in Northeast China remained stable, and the market was waiting for new beans to be listed [1] - Market News: Northeast soybean prices were stable, and there was limited trading in the auction of state - reserve resources. New beans were growing well, and a bumper harvest was expected. As downstream demand increased and consumption of soy products recovered, the demand side was expected to support spot prices [1][2] Strategy - The strategy is neutral [3] Peanut View Market Analysis - Futures: The closing price of the peanut 2510 contract was 7762.00 yuan/ton, down 20.00 yuan/ton (-0.26%) from the previous day [3] - Spot: The average spot price of peanuts was 8420.00 yuan/ton, up 160.00 yuan/ton (+1.94%) from the previous day. The spot basis was PK10 + 338.00, up 20.00 (+6.29%) from the previous day [3] - Market News: The price of old peanuts was stable, and inventory was being cleared. New peanuts were priced higher than expected, and most oil mills were waiting and seeing. The market was trading lightly, and food processors were mainly consuming inventory [3] Strategy - The strategy is neutral [4]