油料陆续上市，盘面压力逐步增大

Report Industry Investment Rating - The investment rating for both the soybean and peanut markets is neutral [1][4][8] Core Viewpoints - The pressure on the futures market is gradually increasing as various oilseeds are coming onto the market [1] - For soybeans, new season soybeans in the Northeast are gradually being listed, and supply is expected to increase. Currently, downstream demand is not fully released [2][3] - For peanuts, peanuts in various regions are gradually being listed, and supply pressure will continue to be released. Short - term demand may weaken [7] Summary by Related Catalogs Soybean Market Analysis Market News and Important Data - Futures: The closing price of the main soybean contract 2511 this week was 3935 yuan/ton, a week - on - week increase of 31 yuan, or 0.8% [1] - Spot: The spot basis of edible soybeans in various regions decreased compared to last week [1] Soybean Supply and Demand - Arrival forecast: In September 2025, the total arrival of Brazilian, Argentine and US soybeans in China is expected to be 10.14 million tons. New season soybeans in the Northeast are sporadically listed, and large - scale listing is expected at the end of the month. Currently, supply pressure is not obvious, and downstream demand is not fully released [2][3] Market Analysis - New season soybeans in the Northeast are gradually being listed, and supply is expected to increase during the National Day holiday [3] Strategy - The investment strategy for soybeans is neutral [4] Peanut Market Analysis Market News and Important Data - Futures: The closing price of the peanut 2511 contract this week was 7798 yuan/ton, a week - on - week decrease of 36 yuan, or 0.5% [4] - Spot: The spot basis in various regions showed different degrees of increase [4] Peanut Supply and Demand - As of September 25, the peanut inventory of domestic peanut oil sample enterprises decreased by 10,850 tons compared to last week. The arrival volume of oil mills increased, and the trading volume of the commodity rice market was weak [5][6] Market Analysis - As of September 25, the average price of national common peanuts increased by 0.08 yuan/jin week - on - week, or 1.15%. Peanuts in various regions are gradually being listed, and supply pressure will continue to be released. Short - term demand may weaken [7] Strategy - The investment strategy for peanuts is neutral [8]