豆一挺价支撑，花生震荡企稳

Group 1: Report Industry Investment Ratings - The investment rating for both soybeans and peanuts is neutral [3][4] Group 2: Core Views - The soybean market shows a pattern of "strong in production areas, weak in sales areas." The supply side is supported by high - volume and high - premium state reserve auctions, leading to strong price - holding sentiment among traders and tight market supply. The demand side is weak, with processing enterprises having low purchasing willingness. The future market trend depends on the game between supply - side hoarding sentiment and demand - side actual purchasing power [2] - The peanut market has an increasing domestic supply. As the New Year's Day approaches, the trading of high - quality varieties in the Northeast production area has improved slightly, with prices showing a stable - to - strong trend. However, the procurement volume of oil mills has decreased, and the trading of common peanuts in Henan has slowed down, with prices showing a stable - to - weak trend. Attention should be paid to downstream pre - holiday stocking trends [3][4] Group 3: Market Analysis of Soybeans Futures and Spot Market Data - The closing price of the soybeans 2605 contract yesterday was 4224.00 yuan/ton, a change of +68.00 yuan/ton from the previous day, an increase of +1.64%. The spot basis of edible soybeans was A05 + 76, a change of - 8 from the previous day, a decrease of 32.14% [1] Market Information - Recently, the Northeast soybean market has received policy support, and the active state reserve auctions have boosted market sentiment. The actual downstream demand is still flat, and the price is generally stable. The spot prices in different regions of Heilongjiang are provided [1] Market Trend - Yesterday, the main soybean futures contract fluctuated upward. The supply - demand in the southern market is at a low level, and the price is generally stable. The state reserve auctions have strengthened the price - holding sentiment in production areas, resulting in tight market supply. The demand side is weak, and it is difficult to drive the market continuously [2] Group 4: Market Analysis of Peanuts Futures and Spot Market Data - The closing price of the peanut 2603 contract yesterday was 7968.00 yuan/ton, a change of +26.00 yuan/ton from the previous day, an increase of +0.33%. The average spot price of peanuts was 8045.00 yuan/ton, a change of - 19.00 yuan/ton from the previous day, a decrease of - 0.24%. The spot basis was PK03 - 968.00, a change of - 26.00 from the previous day, an increase of +2.76% [3] Market Information - The average price of common peanuts in the national market was 4.03 yuan/jin, showing a stable - to - rising trend. The prices of different peanut varieties in different regions and the procurement prices of oil mills are provided [3] Market Trend - Yesterday, the main peanut futures contract fluctuated upward. The domestic peanut supply has been increasing. The trading of high - quality varieties in the Northeast has improved slightly, while the procurement volume of oil mills has decreased, and the trading in Henan has slowed down [3][4]