Group 1: Report Summary - The report is a weekly report on soybean meal and soybean oil futures from September 22 - 26, 2025 [1][2] Group 2: Soybean Meal Futures 1. Mid - term Market Analysis - Mid - term trend: The soybean meal主力 is in a wide - range oscillation phase. In the 37th week, the actual soybean crushing volume of oil mills was 2.3604 million tons, with an operating rate of 66.35%. The soybean meal inventory was 1.1644 million tons, an increase of 28,200 tons or 2.48% from the previous week. High inventory may pressure the basis of major coastal areas. Feed mills are starting to stock up, and the market sentiment is mainly wait - and - see. The price is expected to continue the wide - range oscillation [7] 2. Variety Trading Strategy - Last week's strategy review: The overall trend of soybean meal futures prices was sideways, with more bullish funds. M2601 was expected to oscillate between 2980 - 3200 [10] - This week's strategy suggestion: The overall trend of soybean meal futures prices is sideways, with more bullish funds. M2601 is expected to oscillate between 2900 - 3200 [11] 3. Variety Diagnosis - The variety diagnosis shows that the multi - empty flow is 82.4, indicating a strong bullish sentiment among the main forces; the capital energy is - 48.1, meaning a small outflow of main funds; the multi - empty divergence is 95.0, suggesting a high risk of market reversal [14] Group 3: Soybean Oil Futures 1. Mid - term Market Analysis - Mid - term trend: The soybean oil主力 is in an oscillation phase. In the 37th week, the actual soybean oil output of 125 oil mills was 448,500 tons, an increase of 10,700 tons from the previous week. The commercial inventory of soybean oil in key national regions was 1.2512 million tons, a decrease of 100 tons from the previous week. The spot market trading is light, and the double - festival stocking is not obvious. High inventory may see a decline around mid - to - late October, and the price is expected to continue to oscillate [29] 2. Variety Trading Strategy - Last week's strategy review: The overall trend of soybean oil futures prices was sideways, with slightly bearish funds. Y2601 was expected to continue the oscillation pattern in the short term [32] - This week's strategy suggestion: The overall trend of soybean oil futures prices is sideways, with more bullish funds. Y2601 is expected to continue the oscillation pattern in the short term [32] 3. Variety Diagnosis - The variety diagnosis shows that the multi - empty flow is 58.4, indicating a relatively bullish sentiment among the main forces; the capital energy is 2.8, meaning the capital is basically stable; the multi - empty divergence is 75.3, suggesting a certain risk of market reversal [35]
豆粕、豆油期货品种周报-20250922
Chang Cheng Qi Huo·2025-09-22 11:50