Report Summary 1. Industry Investment Rating No industry investment rating is provided in the report. 2. Core View The agricultural products sector is generally weak. Two types of rapeseed meal have tumbled, with rapeseed meal leading the decline. The price of live pigs has continued to fall, and the entire oil and fat sector has declined. Some commodities such as cotton and dates show different trends [1]. 3. Summary of Each Variety (1) Rapeseed Meal - The price of rapeseed meal has dropped significantly due to the possible improvement in China - Canada trade relations and the off - season demand. The domestic rapeseed meal market is in a situation of weak supply and demand. The main 2601 contract has fallen sharply, and the technical indicator is weak. The strategy is to hold a light - position short order, with support at 2300 and resistance at 2330 [2]. (2) Live Pigs - The main 2601 contract of live pigs has continued to fall sharply because of the increasing supply of market - suitable pigs and weak demand. The technical indicator is weak. The strategy is to hold a light - position short order, with support at 11600 and resistance at 11800 [3]. (3) Corn - The main 2601 contract of corn has rebounded but was blocked and then dropped significantly due to the supply pressure of new corn on the market. The strategy is to close long orders and try a light - position short order, with support at 2100 and resistance at 2120 [5]. (4) Palm Oil - The main 2601 contract of palm oil has first risen and then fallen, fluctuating downward because of the increase in production and the weakness of rapeseed oil. Although the export data is good and the production - reduction cycle is approaching, which limits the decline, the strategy is short - term trading, with support at 9270 and resistance at 9390 [7]. (5) Eggs - The main 2512 contract of eggs has continued to fall because of the large supply pressure. The strategy is to hold a light - position short order, with support at 2932 and resistance at 2996 [9]. (6) Cotton - The main 2601 contract of cotton has oscillated and risen, with the trend turning stronger because of the low - price buying. The strategy is to hold a light - position long order, with support at 13290 and resistance at 13400 [12]. (7) Sugar - The main 2601 contract of sugar has limited rebound and is still in a downward trend because of the supply surplus. The strategy is to hold a light - position short order, with support at 5380 and resistance at 5420 [15]. (8) Apples - The main 2601 contract of apples has risen sharply and then fallen, with severe fluctuations. The market has large differences. The strategy is to close short orders and conduct short - term trading, with support at 8450 and resistance at 8800 [16][19]. (9) Dates - The main 2601 contract of dates has continued to rise after a sharp increase because of the warming demand and declining inventory. The strategy is to hold a light - position long order, with support at 11295 and resistance at 11500 [20].
天富期货菜粕、生猪大跌
Tian Fu Qi Huo·2025-10-17 12:54