Report Summary 1. Report Information - Research variety: Soybean (Bean 1) [1] - Report date: October 9, 2025 [1] - Report cycle: Daily report [1] - Researcher: Qi Jianhua [1] 2. Investment Rating - No investment rating is provided in the report. 3. Core Viewpoint - Currently, domestic soybean prices are generally stable with a slight decline, while imported soybean prices are stabilizing and rising. Port inventory has decreased, and enterprise crushing profits have stabilized and rebounded. In the futures market, the price of the main contract (A2511) of Bean 1 futures showed a strong trend throughout the day. In the short term, in an atmosphere where the overall spot price of soybeans is rising steadily, the price of the main contract (A2511) of Bean 1 futures may continue to show a strong oscillatory trend [14]. 4. Summary by Directory 4.1 Futures Market - Contract Quotes: On October 9, 2025, the main contract (A2511) of DCE Bean 1 futures oscillated strongly throughout the day. The opening price was 3930 yuan/ton, the highest price was 3984 yuan/ton, the lowest price was 3930 yuan/ton, and the closing price was 3975 yuan/ton, up 46 yuan/ton or 1.17% from the previous day. The trading volume was 105,525 lots, the open interest was 137,560 lots, and the daily increase in positions was 951 lots [2]. - Variety Prices: The closing prices of contracts A2511, A2601, A2603, and A2605 were 3975 yuan/ton, 3973 yuan/ton, 3970 yuan/ton, and 4000 yuan/ton respectively, with increases of 46 yuan/ton (1.17%), 70 yuan/ton (1.79%), 67 yuan/ton (1.72%), and 65 yuan/ton (1.65%) respectively. The trading volumes were 105,525 lots, 56,116 lots, 5,614 lots, and 1,681 lots respectively, and the open interests were 137,560 lots, 136,282 lots, 34,333 lots, and 8,740 lots respectively. The daily increases in positions were 951 lots, 8816 lots, 168 lots, and 45 lots respectively [3]. 4.2 Spot Market - Today's Bean 1 basis was -15 yuan/ton, and the basis weakened. The total number of registered Bean 1 warehouse receipts was 7,290 lots, which was the same as the previous trading day [5]. 4.3 Influencing Factors - Important Events: According to Wind data, today's average quotation of domestic soybeans was 3971 yuan/ton, a slight increase of 0.05% from the previous observation day. Recently, the spot price of domestic soybeans has been generally stable with a slight decline. The port soybean inventory was 6.6094 million tons, an increase of 1.01% from the previous observation day. Recently, with the decrease in imported arrivals, the current port soybean inventory has generally decreased [8][9]. - Industry News: According to Wind data, today's near - month landed duty - paid prices of imported soybeans showed a stable and rising trend. The near - month landed duty - paid price of US Gulf soybeans was reported at 4568.05 yuan/ton, that of Brazilian soybeans was reported at 3975.71 yuan/ton, and that of Argentine soybeans was reported at 3792.05 yuan/ton. Recently, the decline in enterprise crushing profits has slowed down, and the crushing profits have rebounded [10]. 4.4 Market Outlook - In the short term, in an atmosphere where the overall spot price of soybeans is rising steadily, the price of the main contract (A2511) of Bean 1 futures may continue to show a strong oscillatory trend [14].
豆一期货日报-20251010
Guo Jin Qi Huo·2025-10-10 13:55