广发期货《农产品》日报-20250910

Report Industry Investment Ratings - Not provided in the given reports Core Views Oils and Fats - Overall, maintain a cautiously bullish view. Palm oil futures may strengthen, and soybean oil's production decline supports basis quotes [1] Sugar - Expect sugar prices to remain oscillating weakly due to factors like new sugar approaching and weak market sentiment [3] Corn - In the short - term, the corn futures market is pressured downwards, and in the medium - term, it maintains a weak pattern. Suggest cautious short - selling [4] Cotton - In the short - term, domestic cotton prices may oscillate within a range, and will be under pressure after new cotton is listed [7] Eggs - Egg prices may rebound in early September, but the overall increase is limited. Maintain a bearish view [9] Meal - Long - term bullish expectations remain unchanged, but pay attention to short - term adjustment risks [10] Pigs - The decline of live pig prices is limited, but there are uncertainties in demand. The basis may strengthen [12] Summary by Related Catalogs Oils and Fats - Soybean Oil: US soybean crushing profit is up 3.0%, and domestic soybean oil production decline supports basis quotes. The basis of Y2601 is 216, down 14 from the previous day. The 09 - 01 spread is 42, down 4 [1] - Palm Oil: Malaysian BMD futures wait for the MPOB report. Domestic Dalian palm oil futures oscillate narrowly at high levels. The basis of P2601 is - 60, down 90 from the previous day. The 09 - 01 spread is - 6, up 140 [1] - Rapeseed Oil: The basis of OI601 is - 50, up 20 from the previous day. The 09 - 01 spread is 129, up 34 [1] Sugar - Futures Market: The price of SR2601 is 5518, down 9 from the previous day. The 1 - 5 spread is 21, up 3 [3] - Spot Market: Nanning's price is 5880, unchanged. The basis in Kunming is 323, up 2 [3] - Industry Situation: National sugar production accumulates to 1116.21 million tons, up 12.03% year - on - year. Sales reach 955.00 million tons, up 15.76% [3] Corn - Corn: The price of C2511 at Jinzhou Port is 2214, down 17 from the previous day. The 11 - 3 spread is 10, down 7 [4] - Corn Starch: The price of CS2511 is 2510, down 17 from the previous day. The basis is 150, up 17 [4] Cotton - Futures Market: The price of CF2605 is 13790, down 50 from the previous day. The 5 - 1 spread is - 45, unchanged [7] - Spot Market: Xinjiang's arrival price of 3128B is 15253, down 69. The basis of 3128B - 01 is 1463, down 19 [7] - Industry Situation: Commercial inventory is 148.17 million tons, down 18.6% month - on - month. Import volume is 5.00 million tons, up 66.7% [7] Eggs - Futures Market: The price of JD11 is 3083, up 60 from the previous day. The 11 - 10 spread is 23, up 2 [9] - Spot Market: The egg - producing area price is 3.41, unchanged. The basis is 350, down 58 [9] - Industry Situation: The egg - to - feed ratio is 2.50, up 0.07. The breeding profit is - 17.89 yuan per bird, up 4.71 [9] Meal - Soybean Meal: The price in Jiangsu is 3030, down 10 from the previous day. The basis of M2601 is - 45, down 4 [10] - Rapeseed Meal: The price in Jiangsu is 2620, down 10 from the previous day. The basis of RM2601 is 70, down 18 [10] - Soybeans: The price of Harbin soybeans is 3980, unchanged. The basis of the main contract of soybean No.1 is 12, up 9 [10] Pigs - Futures Market: The price of LH2511 is 13230, down 75 from the previous day. The 11 - 1 spread is - 425, up 30 [12] - Spot Market: The price in Henan is 13550, down 150. The basis of the main contract is - 105, down 45 [12] - Industry Situation: The daily slaughter volume of sample points is 148565, up 27. The self - breeding profit per week is 53 yuan per head, up 63.31% [12]