农产品早报-20251230

Group 1: Investment Ratings - No investment ratings are mentioned in the report Group 2: Core Views - Corn prices are currently weak due to the directional auction policy, but may rise after New Year's Day due to downstream seasonal restocking. In the medium to long term, focus on import and domestic auction policies [5] - Starch prices are expected to strengthen slightly after New Year's Day supported by year - end stocking. In the long term, downstream consumption rhythm is the key [5] - Short - term sugar prices are driven by short - covering, and in the long term, if the global sugar surplus increases, prices may fall to the out - of - quota import cost [7] - Cotton is suitable for long - term buying as demand is expected to improve next year due to factors like expanding textile production, good profits and favorable tariff policies [10] - For eggs, the key is the egg - laying hen culling rhythm. Accelerated culling may benefit second - quarter egg prices [16] - Apple prices show a pattern of good quality goods being stable and lower - quality goods weakening. The market is expected to be near - strong and far - weak [19] - Pig prices are rising due to factors such as supply reduction by farmers, second - round fattening, and New Year's Day stocking. Pay attention to factors like the slaughter rhythm, diseases and policies [19] Group 3: Corn and Starch - Price Data: From December 23 to 29, 2025, corn prices in Changchun remained at 2160, while in other regions, there were changes such as a 30 increase in Jinzhou and a 6 decrease in Weifang. Starch prices in Heilongjiang and Weifang remained at 2750 and 2800 respectively [4] - Analysis: Short - term corn prices are affected by the auction policy and downstream restocking. Starch prices are affected by downstream restocking enthusiasm and raw material costs [5] Group 4: Sugar - Price Data: From December 23 to 26, 2025, sugar prices in Liuzhou, Nanning and Kunming showed an upward trend, and the basis and import profit also changed [6] - Analysis: Short - term sugar prices are driven by short - covering, and long - term prices depend on the global sugar supply situation [7] Group 5: Cotton and Cotton Yarn - Price Data: From December 23 to 29, 2025, cotton price at 3128 index changed from 14895 to 15240, and other related data such as import profit and spinning profit also had fluctuations [20] - Analysis: Cotton demand is expected to improve next year, and it is suitable for long - term investment [10] Group 6: Eggs - Price Data: From December 23 to 29, 2025, egg prices in different production areas changed, and the basis decreased by 105.00 [15] - Analysis: The key to egg price trends is the culling rhythm of egg - laying hens [16] Group 7: Apples - Price Data: From December 23 to 29, 2025, the price of Shandong 80 first and second - grade apples remained at 8900.00, and the basis for different months changed [18] - Analysis: The apple market is currently in a weak state with slow inventory removal, and the price pattern is expected to be near - strong and far - weak [19] Group 8: Pigs - Price Data: From December 23 to 29, 2025, pig prices in different production areas increased significantly, and the basis also increased [19] - Analysis: Pig prices are rising due to supply and demand factors, and attention should be paid to factors like the slaughter rhythm, diseases and policies [19]