豆一因中储粮投豆价受抑，花生受产区多因素影响大

Report Industry Investment Rating - The investment strategy for both soybeans and peanuts is neutral [4] Core Viewpoints - The price of soybeans is expected to continue to face downward pressure due to the continuous release of soybeans by Cofco and the increasing supply pressure [3] - The price of peanuts is affected by multiple factors in the production areas, with the overall listing progress being slow and the trading being cautious [5] Summary by Relevant Sections Soybean View Market Analysis - Futures: The closing price of the soybean 2511 contract yesterday was 3999.00 yuan/ton, a change of +46.00 yuan/ton from the previous day, an increase of +1.16% [1] - Spot: The spot basis of edible soybeans was A11 + 41, a change of -46 from the previous day, a decrease of 32.14% [1] Market Information Summary - Northeast new-season soybeans are mostly harvested, with over 90% of the remaining grain. High-protein soybeans are in short supply and prices are firm, while low-protein soybeans are weak. Low-protein common soybeans are priced at 1.75 - 1.8 yuan/jin, 39% protein at 1.9 yuan/jin, and over 40% protein at 1.95 - 2 yuan/jin [2] - Cofco auctioned 43,037 tons of domestic soybeans yesterday, with 28,532 tons actually sold at the base price of 3900 yuan/ton. Tomorrow, 44,835 tons of old soybeans will be released, and the base price is expected to remain stable [3] Strategy - Neutral [4] Peanut View Market Analysis - Futures: The closing price of the peanut 2511 contract yesterday was 8062.00 yuan/ton, a change of +198.00 yuan/ton from the previous day, an increase of +2.52% [4] - Spot: The average spot price of peanuts was 8360.00 yuan/ton, with no change from the previous day. The spot basis was PK11 + 138.00, a change of -198.00 from the previous day, a decrease of -58.93% [4] Market Information Summary - The average price of common peanuts in the national market is 4.18 yuan/jin, a decrease of 0.01 yuan/jin. Regional and variety price differences are large [4] - The overall listing progress of peanuts is slow, and the market focus is on the listing progress, yield, and quality in Henan. Some areas may still have limited supply due to weather [5] Strategy - Neutral [4]