油脂大跌,玉米下挫
Tian Fu Qi Huo·2025-09-10 12:44
- Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The agricultural products sector shows a mixed performance, with significant drops in oil and fat prices, a decline in corn prices, and varied trends in other products such as eggs, apples, and others [1]. - Different factors influence each product, including supply - demand dynamics, external market news, and seasonal factors [1][2][3] 3. Summary by Related Catalogs 3.1 Agricultural Products Sector Overview - Oil and fat prices drop significantly, with palm oil leading the decline due to negative data in the Malaysian MPOB monthly report and the fall of US soybean oil. Corn prices decline further as new corn is listed, and egg price rebound lacks sustainability [1]. 3.2 Variety Strategy Tracking 3.2.1 Palm Oil - The main 2601 contract of palm oil drops significantly, affected by negative news of US soybean oil and the negative data in the Malaysian MPOB report. The inventory in Malaysia increased by 4.18% to 2.2 million tons in August. The strategy is to close long positions and lightly short - sell, with support at 9236 and resistance at 9300 [2]. 3.2.2 Soybean Oil - The main 2601 contract of soybean oil drops significantly, dragged down by the fall of US soybean oil and sufficient domestic supply. As of September 5, the inventory was 1.2388 million tons, a year - on - year increase of 14.66%. The strategy is to close long positions and lightly short - sell, with support at 8240 and resistance at 8300 [3]. 3.2.3 Eggs - The main 2511 contract of eggs drops significantly, due to high egg - laying hen inventory. The strategy is to close long positions and lightly short - sell, with support at 3000 and resistance at 3040 [5]. 3.2.4 Apples - The main 2601 contract of apples rebounds slightly after a sharp fall, supported by short - covering. The strategy is to hold short positions, with support at 8000 and resistance at 8166 [7]. 3.2.5 Red Dates - The main 2601 contract of red dates fluctuates narrowly. The strategy is to close short positions and conduct short - term trading, with support at 10910 and resistance at 11090 [9]. 3.2.6 Sugar - The main 2601 contract of Zheng sugar rebounds at a low level, driven by the rebound of the overseas market. The strategy is to hold short positions for now, with support at 5503 and resistance at 5560 [12]. 3.2.7 Corn - The main 2511 contract of corn drops continuously, pressured by the listing of new corn. The strategy is to hold light short positions, with support at 2188 and resistance at 2213 [13][15]. 3.2.8 Cotton - The main 2601 contract of cotton first declines and then rises, but the weakness remains. The strategy is to hold light short positions, with support at 13790 and resistance at 14000 [16][19]. 3.2.9 Live Pigs - The main 2511 contract of live pigs rebounds at a low level, but the weakness remains. The strategy is to hold short positions, with support at 13200 and resistance at 13400 [20]. 3.2.10 Soybean Meal - The main 2601 contract of soybean meal fluctuates downward. The strategy is short - term trading before the release of major report data, with support at 3050 and resistance at 3080 [22].