Group 1: Report Overview - The report is an agricultural products morning report released by the research center's agricultural products team on September 5, 2025, covering corn/starch, sugar, cotton/cotton yarn, eggs, apples, and pigs [1] Group 2: Corn/Starch Price Data - From August 29 to September 4, 2025, the price in Changchun remained at 2230, the price in Jinzhou increased by 0, the price in Weifang decreased by 18, and the price in Shekou remained unchanged. The basis decreased by 17, the trade profit remained unchanged, and the import profit and loss increased by 17. For starch, the price in Heilongjiang remained at 2850, the price in Weifang remained at 2900, the basis decreased by 11, and the processing profit remained unchanged [2] Market Analysis - Corn: In the short - term, the market is expected to remain weak and volatile. The reserve's corn auction has a light trading volume. With limited supply increase, there is no expectation of a sharp decline. In the long - term, focus on the enthusiasm of selling grain in the producing areas after the new - season corn is on the market [3] - Starch: In the short - term, the price is affected by raw material price fluctuations, with high inventory and low downstream enthusiasm. In the long - term, high inventory and expected lower raw material costs keep the outlook bearish [3] Group 3: Sugar Price Data - From August 29 to September 4, 2025, the spot price in Liuzhou decreased by 10, in Nanning decreased by 20, and in Kunming decreased by 5. The basis increased by 19, the import profit from Thailand increased by 89, from Brazil increased by 89, and the number of warehouse receipts decreased by 30 [4] Market Analysis - Internationally, Brazil is in the peak crushing season, pressuring the price. In China, the price is under pressure due to imported sugar arrivals and lower processed sugar quotes [4] Group 4: Cotton/Cotton Yarn Price Data - From August 29 to September 4, 2025, the price of 3128 cotton remained unchanged, the import profit and the number of warehouse receipts + forecasts decreased by 167, the price of Vietnamese yarn remained at 2.51, the spot price remained at 20890, the import profit of Vietnamese yarn increased by 3, and the 32S spinning profit remained unchanged [7] Market Analysis - Cotton has entered a consolidation phase, waiting for demand verification. Without major macro - risks, the April low may be the long - term bottom, and the downside is limited. Pay attention to demand changes [7] Group 5: Eggs Price Data - From August 29 to September 4, 2025, the price in Hebei and Liaoning remained unchanged, in Shandong increased by 0.15, in Henan increased by 0.10, and in Hubei increased by 0.11. The basis increased by 112, the price of white - feather broilers remained unchanged, yellow - feather broilers remained unchanged, and the price of pigs decreased by 0.19 [14] Market Analysis - High temperatures in mid - July reduced egg production, and post - plum - rain replenishment drove up prices. However, weakening and delayed Mid - Autumn Festival stocking demand led to a price decline in early August. Pay attention to the chicken culling rhythm and cold - storage egg release [14] Group 6: Apples Price Data - From August 29 to September 4, 2025, the price of Shandong 80 first - and second - grade apples remained at 7300.00. The 1 - month basis decreased by 5.00, the 5 - month basis decreased by 4.00, and the 10 - month basis decreased by 47.00 [15][16] Market Analysis - New - season apples are in the growth stage. The yield in the west may increase, but there is a 20% expected reduction in Shandong. Consumption is in the off - season, with low inventory and slow de - stocking. Pay attention to the final production [16] Group 7: Pigs Price Data - From August 29 to September 4, 2025, the price in Henan Kaifeng remained unchanged, in Hubei Xiangyang decreased by 0.15, in Shandong Linyi decreased by 0.05, in Anhui Hefei decreased by 0.10, in Jiangsu Nantong decreased by 0.05, and the basis increased by 185.00 [16] Market Analysis - The market is range - bound. There are policy expectations for a production inflection point next year and seasonal support this year, but mid - term supply pressure remains. Pay attention to the slaughter rhythm, diseases, and policies [16]
农产品早报-20250905
Yong An Qi Huo·2025-09-05 00:45