棕榈油：基本面驱动不强，关注宏观情绪影响豆油：单边区间为主，关注月差机会

Report Industry Investment Rating No information is provided regarding the report industry investment rating. Core Viewpoints of the Report - Palm oil: The fundamental driving force is weak, and attention should be paid to the impact of macro - sentiment [2][4]. - Soybean oil: The price will mainly move within a range, and attention should be paid to the spread opportunities between contracts [2][4]. - Soybean meal: The U.S. soybeans closed lower overnight, and the Dalian soybean meal may fluctuate [2][10]. - Soybean: It will move in a range [2][10]. - Corn: Attention should be paid to the spot market [2][13]. - Sugar: It will be in a low - level consolidation [2][17]. - Cotton: It will maintain a strong trend [2][22]. - Eggs: The sentiment for far - month contracts has weakened [2][26]. - Hogs: There is still inventory accumulation behavior [2][29]. - Peanuts: It will move in a range [2][35]. Summaries by Related Catalogs 1. Palm Oil and Soybean Oil - Fundamental Data: The closing price of palm oil futures during the day was up 0.14%, and at night was up 0.47%; the closing price of soybean oil futures during the day was up 0.71%, and at night was up 0.28%. The spot prices of palm oil and soybean oil in Guangdong increased by 80 yuan/ton and 50 yuan/ton respectively. The trend intensity of both palm oil and soybean oil is 0 [4]. - Macro and Industry News: From January 1 - 5, 2026, the yield per unit area of Malaysian palm oil decreased by 34.7% month - on - month, the oil extraction rate increased by 0.04% month - on - month, and the output decreased by 34.48% month - on - month [5]. 2. Soybean Meal and Soybean - Fundamental Data: The closing price of DCE soybean meal 2605 during the day was up 1.09%, and at night was up 0.94%; the closing price of DCE soybean 2605 during the day was up 0.40%, and at night was up 0.38%. The trading volume of soybean meal was 32.55 million tons per day, and the inventory was 105.05 million tons per week. The trend intensity of both soybean meal and soybean is 0 [10]. - Macro and Industry News: On January 6, CBOT soybean futures closed lower. Although China increased its purchase of U.S. soybeans, the "buy the rumor, sell the fact" psychology led to some long - positions closing. The market is also paying attention to the U.S. Department of Agriculture's January supply - demand report on January 12 and the capital flow caused by the annual adjustment of commodity indexes [12]. 3. Corn - Fundamental Data: The closing price of C2603 was down 0.04% during the day and up 0.27% at night; the closing price of C2605 was up 0.04% during the day and up 0.31% at night. The trading volume and open interest of the corn market changed. The trend intensity of corn is 0 [14]. - Macro and Industry News: The prices of northern corn in bulk shipping and container shipping remained stable, while the prices in Guangdong decreased by 10 yuan/ton. The price of Northeast deep - processed corn was stable with a slight increase, and the price of North China corn increased slightly [15]. 4. Sugar - Fundamental Data: The raw sugar price was 14.76 cents/pound, the mainstream spot price was 5330 yuan/ton, and the futures main contract price was 5259 yuan/ton. The trend intensity of sugar is - 1 [17]. - Macro and Industry News: As of December 31, 2025, the sugar production in India in the 25/26 season increased by 24% year - on - year. Brazil's sugar exports in November decreased by 90,000 tons year - on - year. China's sugar imports in November decreased by 90,000 tons. The CAOC expects the domestic sugar production in the 25/26 season to be 11.7 million tons, consumption to be 15.7 million tons, and imports to be 5 million tons. The ISO expects a global sugar surplus of 1.63 million tons in the 25/26 season [17][18][19]. 5. Cotton - Fundamental Data: The closing price of CF2605 was up 1.36% during the day and up 1.18% at night; the closing price of CY2603 was up 1.46% during the day and up 0.69% at night. The spot prices of cotton in various regions increased. The trend intensity of cotton is 0 [22]. - Macro and Industry News: The spot trading of cotton was active, and the price of pure - cotton yarn increased slightly. The ICE cotton futures rose but lacked a clear fundamental driving force [23]. 6. Eggs - Fundamental Data: The closing price of egg 2602 was up 0.57%, and the closing price of egg 2603 was up 0.03%. The spot prices of eggs in different regions increased. The trend intensity of eggs is 0 [26]. 7. Hogs - Fundamental Data: The spot prices of hogs in Henan, Sichuan, and Guangdong were 12,980 yuan/ton, 12,850 yuan/ton, and 12,760 yuan/ton respectively. The futures prices of different contracts increased. The trend intensity of hogs is 0 [31]. - Market Information: Some companies registered hog futures warehouse receipts in December [32]. 8. Peanuts - Fundamental Data: The spot prices of peanuts in different regions remained stable. The closing price of PK601 was down 1.06%, and the closing price of PK603 was up 1.03%. The trend intensity of peanuts is 0 [35]. - Spot Market Focus: The peanut prices in Henan, Jilin, Liaoning, and Shandong were basically stable, with limited supply and demand [36].