光大期货农产品日报-20251010

1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core Views of the Report - Corn: Corn prices are oscillating weakly. During the National Day holiday, the prices in the Northeast decreased, those in North China fluctuated, and those in the sales areas were generally weak. Technically, the November contract of corn hit a new low, and the harvest pressure continues to affect the market, with the arbitrage spread of selling near and buying far narrowing [1]. - Soybean and Two - meal: CBOT soybeans closed down on Thursday. Domestic two - meal prices oscillated higher. The increase in soybean import costs during the holiday provided cost support, but the market is highly watchful due to the loose domestic soybean meal spot and the decline in pig and egg prices [1]. - Oil: BMD palm oil reached a seven - month high. Domestic oils opened higher and oscillated. It is advisable to buy oils on dips and pay attention to the MPOB report on Friday [1]. - Egg: Egg futures and spot prices are oscillating weakly. The increase in egg - laying hen inventory and the seasonal decline in post - holiday demand put pressure on prices [1]. - Pig: Pig prices are oscillating weakly. During the National Day, the prices showed a "not - prosperous in peak season" downward trend. The supply is high, and the demand is weak, and the weak situation is expected to continue [2]. 3. Summary According to Relevant Catalogs 3.1 Research Views - Corn: During the National Day, the new corn listing in the Northeast increased, and the price decreased. In North China, the price fluctuated due to weather. The supply of deep - processing enterprises was high, and the price decreased. In the sales areas, the price was weak. Technically, the November contract hit a new low, and the arbitrage spread was narrowing [1]. - Soybean and Two - meal: CBOT soybeans closed down. Domestic two - meal prices oscillated higher. The increase in import costs provided support, but the market was watchful due to spot supply and demand [1]. - Oil: BMD palm oil rose. Domestic oils opened higher and oscillated. It is recommended to buy on dips and focus on the MPOB report [1]. - Egg: Egg futures and spot prices declined. The increase in inventory and post - holiday demand decline led to weak prices [1]. - Pig: Pig futures prices continued to decline. During the National Day, the prices were "not - prosperous in peak season". The supply was high, and the demand was weak, and the weak situation is expected to continue [2]. 3.2 Market Information - Brazil's soybean, bean - meal, and corn exports and planned exports from September 28 to October 11 are provided [3]. - New Hope's pig sales volume in September 2025 increased both month - on - month and year - on - year, but the sales revenue decreased year - on - year [3]. - Russia will set a slightly higher grain export quota from February to June 2026 compared to the same period this year [4]. - Indonesia will implement the mandatory B50 biodiesel plan in the second half of 2026, which will eliminate the need for diesel imports [4]. 3.3 Variety Spreads - Contract Spreads: Diagrams of contract spreads such as corn 1 - 5, corn starch 1 - 5, and others are presented [5][6][7]. - Contract Basis: Diagrams of contract basis such as corn, corn starch, and others are presented [13][14][17].