油料日报：豆一受供应压力冲击，花生上市节奏缓慢需求偏弱-20250911

Report Industry Investment Rating - The investment strategy for both soybeans and peanuts is neutral [3][4] Core Viewpoints - The soybean market is under supply pressure, with the futures price of soybeans dropping significantly. This is due to multiple factors including increased production expectations in major global soybean - producing countries, rising port inventories, weak downstream consumption, competition from substitutes, international price transmission affected by Sino - US trade relations, and macro - economic slowdown [1][2] - The peanut market has a slow listing rhythm and weak demand. The short - term effective supply of new peanuts is difficult to increase significantly, and the demand side is still weak, with the slow start of double - festival stocking [3] Summary by Related Content Soybean Market Market Analysis - Futures: The closing price of the soybeans 2511 contract was 3911.00 yuan/ton, a decrease of 57.00 yuan/ton (- 1.44%) compared to the previous day [1] - Spot: The basis of edible soybeans was A11 + 309, an increase of 57 (+ 32.14%) compared to the previous day. New season soybeans in the Northeast are sporadically on the market, and the market expects prices to decline as new grains are gradually added. The transaction rate of Sinograin's domestic soybean two - way bidding transaction was 100%, with an average transaction price of 4376.9 yuan/ton. Spot prices in various regions in Heilongjiang remained stable [1] Strategy - Neutral [3] Peanut Market Market Analysis - Futures: The closing price of the peanut 2510 contract was 7794.00 yuan/ton, an increase of 14.00 yuan/ton (+ 0.18%) compared to the previous day [3] - Spot: The average spot price of peanuts was 8460.00 yuan/ton, with no change. The basis was PK10 + 606.00, a decrease of 14.00 (- 2.26%) compared to the previous day. The average price of general peanuts in the national market was 4.23 yuan/jin, and prices in various markets were stable [3] - Market Situation: The peanut futures fluctuated narrowly. The short - term effective supply of new peanuts is difficult to increase significantly due to bad weather and low prices suppressing farmers' willingness to sell. The demand side is still weak, and the market is concerned about the purchasing trends of large food factories and oil mills [3] Strategy - Neutral [4] Risk - Demand weakening [4]