油料日报：豆一受多因素支撑走强，花生供需僵持待变-20251030

Group 1: Report Industry Investment Rating - The investment rating for both soybeans and peanuts is neutral [3][5] Group 2: Core Viewpoints - The soybean market is supported by multiple factors and shows a strong trend. However, there is a risk of price correction when new soybeans are concentratedly listed later. The peanut market is in a stalemate between supply and demand, and attention should be paid to the new peanut supply rhythm and quality changes [1][4] Group 3: Summary by Commodity Soybeans - Market Analysis: Yesterday, the closing price of the soybean No. 1 2511 contract was 4,113.00 yuan/ton, a change of -2.00 yuan/ton (-0.05%) from the previous day. The edible soybean spot basis was A11 - 33, a change of +2 (+32.14%) from the previous day. Northeast new - season soybean prices are generally strong, but grain trading enterprises' acquisition enthusiasm has cooled. With the approaching repayment time, there is a risk of price correction when soybeans are concentratedly listed. The prices in major producing areas remained flat compared to the previous day. Yesterday, the soybean No. 1 futures rose slightly. The transportation demand in the Northeast soybean market is strong, and freight rates have increased significantly. The soybean price in the Northeast continues to be strong, supported by the downstream's inventory - building willingness and supply tightness [1][2] - Strategy: Neutral [3] Peanuts - Market Analysis: Yesterday, the closing price of the peanut 2511 contract was 7,822.00 yuan/ton, a change of +16.00 yuan/ton (+0.20%) from the previous day. The average spot price of peanuts was 7,760.00 yuan/ton, with no change from the previous day. The spot basis was PK11 + 178.00, a change of -16.00 (-8.25%) from the previous day. The national average price of common peanuts decreased by 0.13 yuan/jin. The new peanut supply pressure is being released, the demand is weak, and the arrival volume at oil mills is limited. The market is in a supply - demand stalemate [3][4] - Strategy: Neutral [5] - Risk: Demand may weaken [5] Group 4: Data Charts - There are 22 charts related to soybean and peanut prices, production, consumption, inventory, and other data, with data sources including Flush, Steel Union Data, and the National Bureau of Statistics [6]