豆一供应收紧带动，花生采购需求延续低迷

Report Industry Investment Rating - The investment strategies for both soybeans and peanuts are rated as neutral [3][5] Core Viewpoints - The supply of soybeans is tightening, and high - quality soybeans are still in demand. With the start of the school term, the demand in the soybean market in the inner - pass regions is gradually picking up, but the new soybean listing eases the supply tension, and lower - quality soybeans face pressure. The peanut market has limited demand, with weak follow - up on the demand side despite stable oil - processing peanut markets [2][3] Summary by Related Contents Soybean View Market Analysis - Futures: The closing price of the soybeans 2511 contract yesterday was 3,961.00 yuan/ton, a change of - 9.00 yuan/ton from the previous day, a decrease of 0.23%. Spot: The edible soybean spot basis was A11 + 259, a change of + 9 from the previous day, an increase of 32.14% [1] - Market prices in the Northeast soybean market are stable. Grain trading enterprises' inventories are almost exhausted, and market transactions are light. Some enterprises bid for state - reserve old grains, and most are waiting for new soybean price guidance. New grains are expected to be on the market around September 20 in some areas [1] - The prices of national standard first - class protein soybeans in various regions of Heilongjiang remained unchanged compared to the previous day [1] - The rebound momentum of soybean futures is limited. Although the old soybean market in the outer - pass regions is weak, the overall market supply is tightening, and high - quality soybeans are still concerned. The demand in the inner - pass regions is warming up, and market transactions are becoming more active. The increasing listing of new soybeans eases the supply tension, and lower - quality soybeans face pressure [2] Strategy - The investment strategy for soybeans is neutral [3] Peanut View Market Analysis - Futures: The closing price of the peanut 2510 contract yesterday was 7,796.00 yuan/ton, a change of + 6.00 yuan/ton from the previous day, an increase of 0.08%. Spot: The average peanut spot price was 8,400.00 yuan/ton, a change of - 40.00 yuan/ton from the previous period, a decrease of 0.47%. The spot basis was PK10 + 304.00, a change of - 6.00 from the previous period, a decrease of 1.94% [3] - The average price of general - quality peanuts in the national peanut market is 4.22 yuan/jin, a decrease of 0.01 yuan/jin. New peanuts are on the market in increasing quantities. Due to the previous price increase, downstream demand is poor, and processors and traders are less enthusiastic about purchasing and are bargaining [3] - The contract prices of peanut oil mills in Shandong and Henan are basically stable, but the arrival volume is limited. The peanut futures fluctuated within a range. In the Henan production area, the weather improved, and the supply volume increased. The peanut harvest of plastic - film peanuts in Henan is basically completed, but downstream purchasing willingness has weakened, and large - scale food factories lack large - scale purchase orders. Although the pressing profit of oil mills is good, and oil mills and traders have started sporadic purchases, the overall demand in the peanut market is weak [3][4] Strategy - The investment strategy for peanuts is neutral [5] Risk - The risk for peanuts is the weakening of demand [5]