农产品早报-20251215

Group 1: Report Overview - Report date: December 15, 2025 [2] - Report type: Agricultural products morning report [19] Group 2: Corn/Starch Price Data - Price changes from December 8 - 12, 2025: Changchun remained at 2160, while the import profit decreased by 6 to 238, and the starch processing profit remained at -23 [3] Market Analysis - Short - term: Corn spot prices showed a differentiated trend with port prices falling and产区 prices rising. Starch prices are expected to be stable due to seasonal consumption and supply constraints [4] - Medium - long term: Corn prices may weaken if downstream demand drops seasonally and middlemen release stocks. Starch price trends depend on downstream consumption rhythm [4] Group 3: Sugar Price Data - Price changes from December 8 - 12, 2025: Liuzhou decreased by 20 to 5460, and the Thai import profit decreased by 90 to 139 [6] Market Analysis - Short - term: Domestic new sugar supply increased, and the weak spot market drove the futures down. Futures pricing can refer to domestic sugar cost and spot price [6] - Medium - long term: If the global sugar market surplus worsens, the futures price will seek the out - of - quota import cost [6] Group 4: Cotton/Cotton Yarn Price Data - Price changes from December 8 - 12, 2025: The 3128 cotton price remained at 14630, and the cotton yarn import profit increased by 12 to 503 [9] Market Analysis - Long - term: Low initial inventory offsets most of the production increase. With expanding textile production, good profits, and favorable tariff policies, cotton demand is expected to improve next year, suitable for long - term long positions [9] Group 5: Eggs Price Data - Price changes from December 8 - 12, 2025: The Hubei egg price decreased by 0.05 to 3.11, and the basis increased by 50 to 510 [13] Market Analysis - The decline rate of egg inventory depends on the culling rhythm. If farmers cull chickens before Laba due to low prices, it will benefit second - quarter egg prices [13] Group 6: Apples Price Data - Price changes from December 8 - 12, 2025: The national inventory decreased by 82, and Shandong inventory decreased by 14 [18] Market Analysis - The national apple cold - storage inventory is about 5.5%, 10% less than last year. The spot market lacks high - quality goods, and the futures market is expected to show a near - strong, far - weak pattern [18] Group 7: Pigs Price Data - Price changes from December 8 - 12, 2025: The Henan Kaifeng price remained at 11.38, and the basis decreased by 105 to 55 [18] Market Analysis - Short - term: Spot prices are strong over the weekend. Pay attention to the sustainability of the rebound before the Winter Solstice [18] - Medium - long term: There is a supply - demand mismatch, and the far - month outlook depends on near - term production and inventory reduction [18]