银河期货花生日报-20251224

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The supply of peanuts is increasing, but downstream demand remains weak, so short - term peanut prices are relatively stable [6] - Peanut oil and peanut meal prices are currently stable, and oil mills' theoretical profit from squeezing is good [6] - The quality of peanuts in Henan is poor, the spot price is relatively low but strong, and the peanut futures will continue to fluctuate weakly [6] - It is expected that the new - season peanut production will be higher than last year, farmers are reluctant to sell, and the 05 peanut futures will oscillate at the bottom [6] Group 3: Summary by Directory First Part: Peanut Data Daily Report - Futures Disk: PK604 closed at 7926, up 14 (0.18%), with a trading volume of 41,016 (32.47% increase) and an open interest of 28,640 (2.94% increase); PK510 closed at 8174, up 12 (0.15%), with a trading volume of 39 (- 33.90% decrease) and an open interest of 1,029 (0.49% increase); PK601 closed at 8068, unchanged (0.00%), with a trading volume of 2,175 (- 19.44% decrease) and an open interest of 15,562 (- 8.28% decrease) [1] - Spot and Basis: In the spot market, the price of peanuts in Henan Nanyang was 7600, down 100; Shandong Jining and Shandong Linyi were both 8400, unchanged. The price of Rizhao peanut meal was 3200, Rizhao soybean meal was 3040, peanut oil was 14380, and Rizhao first - grade soybean oil was 8240, up 30. The import price of Sudanese peanuts was 8600, and Senegalese peanuts was 7600, both unchanged [1] - Spread: The spread of PK01 - PK04 was 142, down 14; PK04 - PK10 was - 248, up 2; PK10 - PK01 was 106, up 12 [1] Second Part: Market Analysis - The price of peanuts in Henan is stable, while that in Northeast China is weak. The price of 308 common peanuts in Fuyu, Jilin was 4.7 yuan/jin, unchanged; in Changtu, Liaoning was 4.65 yuan/jin, down 0.05 yuan/jin. The price of Baisha common peanuts in Henan was 3.65 - 3.75 yuan/jin, unchanged; in Junan, Shandong was 3.5 yuan/jin, up 0.1 yuan/jin [3] - The import prices of Sudanese, Senegalese, Brazilian, and Indian peanuts were stable. It is expected that the short - term peanut spot price will be relatively stable [3] - Some peanut oil mills raised their purchase prices today, with the mainstream transaction price ranging from 6900 - 7600 yuan/ton, and the theoretical break - even price of oil mills was 7800 yuan/ton [3] - The prices of soybean oil and peanut oil were stable. The domestic first - grade ordinary peanut oil was quoted at 14500 yuan/ton, and the small - pressed fragrant peanut oil was quoted at 16500 yuan/ton, both unchanged [3] - The spot price of Rizhao soybean meal was stable at 3040 yuan/ton. The unit protein price difference between peanut meal and soybean meal was low, and peanut meal was strong in the short - term, with the 48 - protein peanut meal quoted at 3120 yuan/ton [4] Third Part: Trading Strategies - Unilateral: The 05 peanut futures will oscillate at the bottom, and short - term long positions can be taken at low prices [7] - Monthly Spread: Hold a wait - and - see attitude [8] - Options: Sell the pk603 - P - 8200 option when the price is high [9] Fourth Part: Related Attachments - The report provides six figures, showing the spot price of peanuts in Shandong, the profit of peanut oil mills from squeezing, the price of peanut oil, the basis between peanut spot and continuous contracts, the spread between peanut 10 - 1 contracts, and the spread between peanut 1 - 4 contracts [11][17][20]