油料日报：贸易商加大东北豆采购，花生阶段性供需依然偏弱-20251017

1. Report Industry Investment Rating - The investment strategy for both soybeans and peanuts is rated as neutral [1][4][6] 2. Core Viewpoints of the Report - The soybean futures market showed an upward trend, while the spot market had a complex situation. With new grain harvest and ample supply, there is a risk of price decline. Some traders are increasing their purchases of Northeast soybeans. The peanut futures market is in a weak and volatile state, and the short - term supply - demand situation remains weak due to concerns about market impact from the concentrated listing of wheat - stubble peanuts and weak demand support [1][2][3][4][5] 3. Summary by Related Directory Soybean View Market Analysis - Futures: The closing price of the bean - one 2511 contract yesterday was 4018.00 yuan/ton, a change of +19.00 yuan/ton from the previous day, an increase of +0.48%. Spot: The edible bean spot basis was A11 + 22, a change of - 19 from the previous day, a decrease of 32.14% [1] - Market Information: Northeast new - season soybeans are mostly harvested, with over 90% of the remaining grain. High - protein soybeans are in high demand and have firm prices, 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. In some regions of Heilongjiang, the prices of specific types of soybeans remained stable compared to the previous day. In Anhui, new - bean trading is light due to high moisture from rainfall, and some traders are buying Northeast soybeans. In Shandong, new - bean quality varies, and some local traders are increasing purchases of soybeans from other regions [2][3] Strategy - The strategy for soybeans is neutral [1] Peanut View Market Analysis - Futures: The closing price of the peanut 2511 contract yesterday was 7966.00 yuan/ton, a change of - 96.00 yuan/ton from the previous day, a decrease of - 1.19%. Spot: The average peanut spot price was 8350.00 yuan/ton, a change of - 10.00 yuan/ton from the previous day, a decrease of - 0.12%. The spot basis was PK11 + 234.00, a change of +96.00 from the previous day, an increase of +69.57% [4] - Market Information: The average price of general - quality peanuts in the national market is 4.18 yuan/jin, remaining stable. Different regions have different price ranges. Oil mills' contract purchase prices for general - quality and oil - grade peanuts are within certain ranges, and some oil mills have a good arrival volume. The peanut futures market is weakly volatile. Concerns about the concentrated listing of wheat - stubble peanuts and weak demand from most large oil mills have led to a weak short - term supply - demand situation [4][5] Strategy - The strategy for peanuts is neutral [4][6]