Report Industry Investment Rating - The investment strategy for both soybeans and peanuts is rated as neutral [1][3][5] Core Viewpoints - The soybeans market is facing increased supply pressure due to the sporadic listing of new - season early - maturing soybeans in the Northeast region, and there is a downward price expectation. The peanut market has limited supply increase and weak demand, with new peanuts having high moisture content and low willingness from demand - side to stockpile [1][3][4] Summary by Related Catalogs Soybean Market Analysis - Futures and Spot Data: The closing price of the soybean 2511 contract was 3945.00 yuan/ton, up 34.00 yuan/ton (+0.87%) from the previous day. The edible soybean spot basis was A11 + 275, down 34 (-32.14%) from the previous day [1] - Market Information: New - season soybeans are sporadically listed in the Northeast market. The price of commodity beans is 2 yuan/jin, and the price of sprout beans is 2.2 yuan/jin. The purchase volume is currently small. With the increase in new - grain listing and continuous auction of old - grain from state - reserve warehouses, the price is expected to decline. The prices of standard - grade first - class soybeans in various regions of Heilongjiang remained stable compared to the previous day [1] - Market Trends: The soybean futures recovered part of the previous day's decline. The soybean price in the Hubei and Hunan regions stopped falling and stabilized, with increased sales and stable market sentiment. The market is focusing on the purchase price trends of large enterprises such as Xiangyu and CGS in the Heilongjiang region. The overall soybean market is in a wait - and - see state, with some grain merchants reducing prices to clear inventory, while holders of high - quality soybeans have stable attitudes and firm quotes [2] Peanut Market Analysis - Futures and Spot Data: The closing price of the peanut 2510 contract was 7786.00 yuan/ton, down 8.00 yuan/ton (-0.10%) from the previous day. The average spot price of peanuts was 8300.00 yuan/ton, down 160.00 yuan/ton (-1.89%) month - on - month. The spot basis was PK10 + 414.00, down 192.00 (-31.68%) month - on - month [3] - Market Information: The average price of general - quality peanuts in the national market was 4.23 yuan/jin, basically stable. In Henan, the price of Baisha general - quality peanuts was 4.35 - 4.5 yuan/jin, and the price of 8 - sieve peanuts was 4.85 - 4.9 yuan/jin. In Shandong, the contract purchase price of oil - making peanuts in oil mills was 7800 - 7900 yuan/ton, and the contract purchase price of general - quality peanuts was about 8400 yuan/ton. The trading volume and arrival volume were small, mainly relying on external supply [3] - Market Trends: Peanut futures maintained a volatile trend. The supply increase was limited, and the farmers' delivery volume was limited. The listing volume of new peanuts increased in some areas of Hebei, while it remained low in Shandong. The remaining supply in Jiangxi, Hubei and other producing areas was limited, and the quotes of low - moisture new peanuts were firm. However, the market demand was still average, and traders purchased on a need - to - use basis. Due to the high moisture content of new peanuts, demand - side was reluctant to stockpile, and some oil mills made small - quantity purchases [3][4]
油料日报：豆一新季早熟豆上市，花生新米上市需求不旺-20250912
Hua Tai Qi Huo·2025-09-12 05:28