银河期货花生日报-20250929

Group 1: Report Overview - The report is a peanut daily report dated September 29, 2025, from the Commodity Research Institute's Agricultural Product R & D section [1][2] Group 2: Data Summary Futures Disk - PK604 closed at 7842, up 16 (0.20%), with a trading volume of 52 (up 205.88%) and an open interest of 437 (up 1.63%) [2] - PK510 closed at 7800, up 12 (0.15%), with a trading volume of 1,733 (down 32.46%) and an open interest of 1,628 (down 48.72%) [2] - PK601 closed at 7820, up 48 (0.61%), with a trading volume of 24,514 (up 83.69%) and an open interest of 57,942 (up 5.55%) [2] Spot and Basis - Spot prices in Henan Nanyang, Shandong Jining, and Shandong Linyi were 8800, 8600, and 8600 respectively, with no change [2] - Rize peanut meal was 3300, Rize soybean meal was 2930 (up 10), peanut oil was 14670, and Rize first - grade soybean oil was 8330 (down 70) [2] - Import prices: Sudanese rice was 8500 with no change, and Senegalese rice had no price change [2] Spread - PK01 - PK04 spread was - 22, up 32; PK04 - PK10 spread had an increase of 4; PK10 - PK01 spread was - 20, down 36 [2] Group 3: Market Analysis - Henan peanut prices were stable, while Northeast peanut prices were weak. Jilin Fuyu 308 was 4.2 yuan/jin (stable), Liaoning Changtu was 4.25 yuan/jin (down 0.05 yuan/jin) [4] - Henan's Baisha general rice was 4.3 - 4.4 yuan/jin (stable), Shandong Junan was 4.15 yuan/jin (stable) [4] - Imported Sudanese refined new rice was 8150 yuan/ton, Senegalese oil - type rice was 7600 - 7800 yuan/ton (stable) [4] - Most peanut oil mills stopped purchasing today. Before stopping, the mainstream transaction price was 7800 - 7900 yuan/ton, and the theoretical break - even price for oil mills was 7980 yuan/ton [4] - Peanut oil and soybean oil prices were stable. Domestic first - grade ordinary peanut oil was 14800 yuan/ton, and small - pressed fragrant peanut oil was 16500 yuan/ton [4] - Rize soybean meal spot rose to 2930 yuan/ton (up 10 yuan/ton). The protein price difference between peanut meal and soybean meal was high, and peanut meal was weak in the short term, with 48 - protein peanut meal at 3250 yuan/ton [7] - It is expected that peanut spot will be relatively strong in the short term [4] Group 4: Trading Strategies - For unilateral trading, 11 - contract peanuts are in a low - level shock, and one can go long with a light position [9] - For monthly spreads, it is recommended to wait and see [10] - For options, sell and hold pk511 - P - 7600 [11] Group 5: Related Attachments - The report includes six charts: Shandong peanut spot price, peanut oil mill profit, peanut oil price, peanut spot and continuous contract basis, peanut 10 - 1 contract spread, and peanut 1 - 4 contract spread [13][19][23]