花生：供应压力仍存

1. Report Industry Investment Rating - No information provided 2. Core Viewpoint of the Report - The supply pressure of peanuts still exists [1] 3. Summary According to Relevant Catalogs 3.1 Fundamental Tracking - Spot Prices: The price of Liaoning 308 general peanuts is 8,060 yuan/ton with a change of -440 yuan; Henan Baisha general peanuts is 8,100 yuan/ton with no change; Xingcheng Xiaoriben is 7,800 yuan/ton with a change of -200 yuan; Sudan refined rice is 8,700 yuan/ton with no change [1] - Futures Prices: PK510 is 7,630 yuan/ton with a daily decrease of 0.75%; PK511 is 7,704 yuan/ton with a daily decrease of 0.85% [1] - Trading Volume and Open Interest: The trading volume of PK510 is 8,200 hands with a change of -1,707 hands, and the open interest is 318 hands with a change of -11 hands; the trading volume of PK511 is 86,174 hands with a change of -12,799 hands, and the open interest is 72,555 hands with a change of -2,612 hands. The trading volume of the whole peanut market is 149,525 hands with a change of -6,126 hands, and the open interest is 193,061 hands with a change of 14,926 hands [1] - Warehouse Receipts: The warehouse receipts of the whole peanut market are 0 hands with no change [1] - Price Spreads: The basis of Liaoning 308 general peanuts is 430 yuan/ton; Henan Baisha general peanuts is 470 yuan/ton; Xingcheng Xiaoriben is 170 yuan/ton; Sudan refined rice is 1,070 yuan/ton. The 10 - 11 inter - period spread is -74 yuan/ton [1] 3.2 Spot Market Focus - In the Henan Baisha production area, it is the busy agricultural season, with little remaining and high - quality goods. The trading is basically suspended. In Kaifeng, the price of large peanut general rice is about 4.1 yuan, with little dry goods, low supply, and few inquiries for purchase. Most areas have weak prices [2] - In the Jilin production area, the price of 308 general rice is about 4.0 - 4.05 yuan, and some high - quality goods are about 4.1 yuan. The supply in the production area is increasing day by day, but there are few buyers. Most areas have stable and weak prices [2] - In the Jinzhou area of Liaoning, the price of 308 general rice is about 4.0 - 4.05 yuan, and Xingcheng Xiaoriben general rice is about 3.8 - 4.0 yuan, priced according to moisture and quality. The supply is low, there are few buyers, and most areas have stable and weak prices [2] - In most areas of Shandong, the rainy weather affects the supply. In Linyi, the price of high - quality Haihua general rice is about 4.0 yuan. There is a large quality difference, priced according to moisture and quality. The number of buyers is average, and the price of high - quality goods in most areas is stable [2] 3.3 Trend Intensity - The trend intensity of peanuts is 0, indicating a neutral trend [3][4]