油料日报：豆一关注政策导向，花生持续聚焦天气与需求-20250828

Group 1: Report Industry Investment Rating - The investment rating for both soybeans and peanuts is neutral [3][4][5] Group 2: Report's Core View - For soybeans, the policy continues to promote soybean auction sales, increasing supply pressure, while demand is weak. The dynamic of Sino-US trade relations in the imported soybean market may affect the long - term supply pattern, and domestic supply - demand is also influenced by policy and imported soybeans. For peanuts, new - season planting area has a slight increase, and the total output is expected to remain high. Short - term supply has slowed due to weather in Henan, and the long - term market depends on weather and demand [3][4] Group 3: Summary by Related Catalogs Soybean Market Market Analysis - Futures: The closing price of the Douyi 2511 contract yesterday was 3935.00 yuan/ton, down 39.00 yuan/ton (-0.98%) from the previous day. - Spot: The edible soybean spot basis was A11 + 305, up 39 (+32.14%) from the previous day. In the Northeast market, soybean prices were stable with a downward trend. New - season soybean growth is smooth, and there is an expectation of a good harvest. As new beans approach the market and state - reserve old grains are released, supply pressure may become prominent [1][2] Market Information - In Heilongjiang, prices in some regions dropped, such as in Harbin, the price was 2.12 yuan/jin, down 0.01 yuan/jin; in Shuangyashan, it was 2.11 yuan/jin, down 0.02 yuan/jin; in Jiamusi, it was 2.10 yuan/jin, down 0.02 yuan/jin. Prices in some other regions remained flat [2] Strategy - The strategy is neutral [3] Peanut Market Market Analysis - Futures: The closing price of the peanut 2510 contract yesterday was 7800.00 yuan/ton, down 34.00 yuan/ton (-0.43%) from the previous day. - Spot: The average peanut spot price was 8420.00 yuan/ton, down 50.00 yuan/ton (-0.59%) month - on - month. The spot basis was PK10 + 300.00, up 34.00 (+12.78%) month - on - month. The national average price of general old peanut kernels was 4.24 yuan/jin, down 0.08 yuan/jin. New peanut prices in various markets continued to decline weakly [4] Market Information - A Henan oil factory started purchasing oil peanuts at a contract price of about 7300 yuan/ton. New - season peanut planting area has a slight increase, and the total output is expected to remain high. Due to the approaching Mid - Autumn Festival and National Day, new peanut moisture and price are unstable, suppressing purchasing enthusiasm. Bad weather in Henan has led to high moisture in peanuts, reducing the short - term supply [4] Strategy - The strategy is neutral [4][5]