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豆粕：盘面偏弱，豆一，调整震荡
Guo Tai Jun An Qi Huo·2025-10-22 02:29

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - On October 21, CBOT soybean futures closed slightly lower due to long - position profit - taking. Market participants are focused on Sino - US trade relations. The market expects China, the world's largest buyer, to buy US soybeans again, which has boosted the recent soybean market. US President Donald Trump expects to reach a fair trade agreement with Chinese leaders and hopes China will buy soybeans before the meeting in South Korea next week. US Treasury Secretary Scott Bessent expects to meet with Chinese Vice - Premier He Lifeng in Malaysia this week to discuss tariffs [1][3] Group 3: Summary by Relevant Catalogs Fundamental Tracking - Futures Prices: DCE Bean 1 2601 closed at 4061 yuan/ton during the day session, up 6 (+0.15%), and 4059 yuan/ton at night, down 14 (-0.34%); DCE Bean Meal 2601 closed at 2889 yuan/ton during the day session, down 5 (-0.17%), and 2861 yuan/ton at night, down 36 (-1.24%); CBOT Soybean 11 closed at 1030.5 cents/bu, down 2.25 (-0.22%); CBOT Bean Meal 12 closed at 286.4 dollars/short ton, up 1.6 (+0.56%) [1] - Spot Prices: In Shandong, the price of 43% bean meal is 2960 - 2970 yuan/ton, with various basis levels remaining flat compared to the previous day; in East China, prices in different regions and for different time periods have some changes such as being up 10 or remaining flat compared to the previous day; in South China, prices in some regions and for some time periods are down 20 compared to the previous day [1] - Main Industry Data: The trading volume of bean meal was 9.41 million tons per day on the previous trading day, compared to 7.99 million tons per day two trading days ago. The inventory was 104.67 million tons per week two trading days ago, and data for the previous trading day was not available [1] Trend Intensity - The trend intensity of bean meal is - 1, and that of bean one is 0, referring to the price fluctuations of the main - contract futures during the day session on the report day. The trend intensity ranges from - 2 (most bearish) to 2 (most bullish) [3]