油料日报：豆一惜售支撑偏强，花生供需制约弱稳-20260114

Group 1: Report Industry Investment Ratings - The investment strategy for both soybeans and peanuts is neutral [3][5] Group 2: Core Views of the Report - For soybeans, although the overall demand is weak, the limited remaining grain at the grass - roots level and the strong reluctance to sell among farmers and traders, along with the limited impact of recent state - reserve auctions on market sentiment and the gradual release of pre - holiday stocking demand, lead to the market expectation that the price is likely to rise in the short term [2] - For peanuts, the current domestic peanut market has an abundant overall supply, and the price has declined. The stable purchase price of oil mills for oil peanuts supports the price of common peanuts in Henan, while the price in the Northeast is relatively high. In the short term, the peanut market is expected to be weakly stable, and the change in downstream procurement rhythm needs to be continuously monitored [4] Group 3: Market Analysis Summary Soybeans - Futures: The closing price of the soybeans No.1 2605 contract yesterday was 4329.00 yuan/ton, a change of - 27.00 yuan/ton from the previous day, a decrease of 0.62% [1] - Spot: The spot basis of edible soybeans was A05 + 111, a change of + 27 from the previous day, an increase of 32.14%. The current soybean market quotes in Northeast China are generally stable. With the gradual digestion of the remaining grain at the grass - roots level, farmers are reluctant to sell, resulting in a shortage of effective market circulation of grain. Recently, some grain - holding enterprises have become more willing to sell, and the supply of goods through auctions or external quotations has increased compared with the previous period [1] Peanuts - Futures: The closing price of the peanut 2603 contract yesterday was 7868.00 yuan/ton, a change of - 90.00 yuan/ton from the previous day, a decrease of 1.13% [3] - Spot: The average spot price of peanuts was 7991.00 yuan/ton, a change of - 14.00 yuan/ton from the previous day, a decrease of 0.17%. The spot basis was PK03 - 868.00, a change of + 90.00 from the previous day, a decrease of 9.39%. The average price of common peanuts in the national peanut market was 8005 yuan/ton, a decrease of 11 yuan/ton. The average contract purchase price of oil peanuts by national oil mills was 7314 yuan/ton, and the average price in Shandong was 7238 yuan/ton, remaining stable [3]