大豆市场行情暂稳，盘面震荡调整

1. Report Industry Investment Rating - The investment strategy for both the soybean and peanut markets is neutral [2][3] 2. Core Views - The soybean market is currently stable with the futures and spot prices showing minor fluctuations. The domestic soybean supply is ample, which has put downward pressure on prices. Farmers are reluctant to sell, and traders' purchasing enthusiasm is low, resulting in average market trading volume [1] - The peanut market is also experiencing a period of price volatility. Some production areas are affected by bad weather, leading to a limited supply. As the two major festivals approach, food companies have mostly completed their stockpiling, and some large oil mills have stopped production, resulting in a decline in demand [2] 3. Summary by Market Soybean Market - Futures: The closing price of the soybean 2511 contract was 3938.00 yuan/ton, up 3.00 yuan/ton or 0.08% from the previous day [1] - Spot: The spot basis of edible soybeans was A11 + 282, down 3 or 32.14% from the previous day. The prices of national standard first - class soybeans in various regions of Heilongjiang remained stable [1] - Market Situation: Domestic soybeans are gradually coming onto the market, with a loose supply in the Northeast production area. Prices are under pressure, farmers are reluctant to sell, and traders' purchasing enthusiasm is low [1] Peanut Market - Futures: The closing price of the peanut 2511 contract was 7822.00 yuan/ton, up 24.00 yuan/ton or 0.31% from the previous day [2] - Spot: The average spot price of peanuts was 8450.00 yuan/ton, down 10.00 yuan/ton or 0.12% from the previous day. The spot basis was PK11 + 478.00, down 24.00 or 4.78% from the previous day. The national average price of peanut kernels decreased by 0.01 yuan/jin [2] - Market Situation: Some production areas in Henan are affected by rainy weather, resulting in a low supply. The supply in Hebei, Liaoning, and Jilin is gradually increasing. As the two festivals approach, food companies' procurement enthusiasm has declined, and some large oil mills have stopped production [2]