棕榈油：上下均无明显驱动，区间操作为主，豆油：出口重现，油脂回调布多，豆粕：低位震荡，或超跌反弹

Group 1: Report Industry Investment Ratings - No industry investment ratings are provided in the report. Group 2: Core Views of the Report - Palm oil has no obvious upward or downward drivers, and range trading is recommended [2][4]. - For soybean oil, exports have reappeared, and it is advisable to buy on dips [2][4]. - Soybean meal is in a low - level oscillation and may rebound from oversold conditions [2][8]. - Soybean No.1 is in a low - level oscillation [2][8]. - Corn is in an oscillatory operation [2][11]. - Sugar is oscillating downward [2][15]. - The market is concerned about the listing of new cotton [2][20]. - Egg spot prices are weak [2][24]. - The expectation for hogs has turned pessimistic, and the trends of basis and spreads are confirmed [2][26]. - Attention should be paid to the listing of new peanuts [2][31]. Group 3: Summary by Related Catalogs Palm Oil and Soybean Oil - Fundamental Data: Palm oil's day - session closing price was 9,304 yuan/ton with a - 1.27% change, and night - session closing price was 9,342 yuan/ton with a 0.41% change; soybean oil's day - session closing price was 8,284 yuan/ton with a - 0.98% change, and night - session closing price was 8,346 yuan/ton [4]. - Macro and Industry News: IGC expects the 2025/26 global soybean production to be basically flat year - on - year at 4.29 billion tons; USDA shows about 36% of US soybean planting areas were affected by drought as of September 16; CONAB predicts a 3.6% increase in Brazil's 2025/26 soybean production [5][6]. - Trend Intensity: Palm oil and soybean oil trend intensities are both 0 [7]. Soybean Meal and Soybean No.1 - Fundamental Data: DCE soybean No.1 2511's day - session closing price was 3904 yuan/ton with a - 0.26% change, and night - session closing price was 3898 yuan/ton with a + 0.15% change; DCE soybean meal 2601's day - session closing price was 2993 yuan/ton with a - 0.86% change, and night - session closing price was 2992 yuan/ton with a - 0.30% change [8]. - Macro and Industry News: On September 18, CBOT soybeans fell due to harvest pressure and a stronger dollar; as of September 11, 2025/26 US soybean net sales were 923,000 tons [8][10]. - Trend Intensity: Soybean meal and soybean No.1 trend intensities are both 0 [10]. Corn - Fundamental Data: C2511's day - session closing price was 2,177 yuan/ton with a 0.65% change, and night - session closing price was 2,171 yuan/ton with a - 0.28% change; C2601's day - session closing price was 2,164 yuan/ton with a 0.42% change, and night - session closing price was 2,163 yuan/ton with a - 0.05% change [12]. - Macro and Industry News: Northern corn collection port prices decreased by 10 yuan/ton, and some container prices in Guangdong decreased by 20 yuan/ton [13]. - Trend Intensity: Corn trend intensity is 0 [14]. Sugar - Fundamental Data: The raw sugar price was 15.41 cents/pound with a - 0.1 change; the mainstream spot price was 5930 yuan/ton with a - 10 change; the futures main - contract price was 5474 yuan/ton with a - 55 change [15]. - Macro and Industry News: The Fed cut interest rates by 25 basis points; Brazil's sugar production in the second half of August increased by 18% year - on - year; Conab lowered Brazil's 25/26 sugar production forecast [15]. - Trend Intensity: Sugar trend intensity is - 1 [18]. Cotton - Fundamental Data: CF2601's day - session closing price was 13,765 yuan/ton with a - 0.90% change, and night - session closing price was 13715 yuan/ton with a - 0.36% change; CY2511's day - session closing price was 19,765 yuan/ton with a - 0.73% change, and night - session closing price was 19745 yuan/ton with a - 0.10% change [20]. - Macro and Industry News: Cotton spot trading was sluggish, and the market was waiting for new cotton; ICE cotton futures fell slightly due to a stronger dollar [20][21]. - Trend Intensity: Cotton trend intensity is 0 [23]. Eggs - Fundamental Data: Egg 2510's closing price was 3,043 yuan/500 kilograms with a - 0.65% change; Egg 2601's closing price was 3,418 yuan/500 kilograms with a 1.27% change [24]. - Trend Intensity: Egg trend intensity is 0 [24]. Hogs - Fundamental Data: Henan's spot price was 12930 yuan/ton with a - 50 change; Sichuan's spot price was 12550 yuan/ton with a - 250 change; Guangdong's spot price was 13560 yuan/ton with a - 400 change; Hog 2511's price was 12830 yuan/ton with a - 170 change [27]. - Market Logic: Group supplies have significantly decreased, but weights have increased again, and the spread between fat and lean prices has weakened; the market pressure is emerging, and the spot price center will move down [29]. - Trend Intensity: Hog trend intensity is - 2 [28]. Peanuts - Fundamental Data: The price of Liaoning 308 common peanuts was 8,200 yuan/ton with no change; PK510's closing price was 7,844 yuan/ton with a 0.33% change; PK511's closing price was 7,858 yuan/ton with a 0.61% change [31]. - Spot Market Focus: In some peanut - producing areas, the supply of dry peanuts is limited due to weather, and the market is generally stable [32]. - Trend Intensity: Peanut trend intensity is 0 [33].