银河期货花生日报-20251110

Group 1: Investment Rating - There is no information about the industry investment rating in the provided report. Group 2: Core Viewpoints - The peanut spot price is expected to be relatively stable in the short - term, with prices in Henan stable and those in the Northeast being strong. Futures will continue to oscillate at the bottom. The new - season peanut output is expected to be higher than last year, and the planting cost has decreased. Oil mills' theoretical profit is acceptable, and peanut meal is expected to be strong in the short - term [4][8][6]. Group 3: Summary by Sections Data - Futures Disk: PK604 closed at 7862, up 30 (0.38%), with a trading volume of 11,043 (-47.34%) and an open interest of 19,930 (6.10%); PK510 closed at 8154, up 6 (0.07%), with a trading volume of 36 (0.00%) and an open interest of 552 (1.28%); PK601 closed at 7814, up 60 (0.77%), with a trading volume of 91,458 (-12.54%) and an open interest of 159,998 (-7.51%) [2]. - Spot and Basis: Spot prices in Henan Nanyang, Shandong Jining, and Shandong Linyi were 7400, 7800, and 7800 respectively, with no change. Basis was -414, -14, -14 respectively. Import prices of Sudanese rice were 8600 and Senegalese rice were 7600, with no change. The price of Rizhao first - grade soybean oil increased by 60 to 8370 [2]. - Spreads: PK01 - PK04 spread was -48, up 30; PK04 - PK10 spread was -292, up 24; PK10 - PK01 spread was 340, down 54 [2]. Market Analysis - In the Northeast, Jilin Fuyu 308 common peanuts were 4.35 yuan/jin, up 0.05 yuan/jin, and Liaoning Changtu were 4.3 yuan/jin, stable. In Henan, Baisha common peanuts were 3.5 - 3.7 yuan/jin, stable. Shandong Junan was 3.7 yuan/jin, stable. Imported peanut prices were also stable. Peanut oil prices were stable, and Rizhao soybean meal was stronger, with peanut meal also expected to be strong in the short - term [4][6]. Trading Strategies - Single - sided: Try short - term long on 05 peanuts as 01 and 05 peanuts are oscillating at low levels [9]. - Calendar Spread: Stay on the sidelines [10]. - Options: Hold the sold pk601 - P - 7600 [11].