银河期货花生日报-20260114

Group 1: Report Overview - The report is a peanut daily report dated January 14, 2026, focusing on peanut market data, analysis, and trading strategies [1] Group 2: Futures and Spot Market Data Futures Market - PK604 closed at 7826, down 26 (-0.33%), with a trading volume of 28,762 (up 41.60%) and an open interest of 32,408 (down 6.44%) - PK610 closed at 8240, down 6 (-0.07%), with a trading volume of 120 (down 76.61%) and an open interest of 2,686 (up 1.78%) - PK601 data was unavailable [2] Spot Market - In the spot market, prices in Henan were stable, while those in Northeast China were weak. For example, 308 common peanuts in Fuyu, Jilin were 4.55 yuan/jin, down 0.05 yuan/jin from the previous day, and in Changtu, Liaoning, it was 4.55 yuan/jin, stable from the previous day. In Henan, Baisha common peanuts were quoted at 3.6 - 3.8 yuan/jin, stable from the previous day, and in Junan, Shandong, it was 3.5 yuan/jin, also stable [4] - Imported peanut prices were stable. Sudan refined peanuts were 8600 yuan/ton, Brazilian new peanuts were 9200 yuan/ton, and Indian 50/60 specification peanuts were 8000 yuan/ton, all stable from the previous day [4] - Peanut oil prices were stable. Domestic first - grade ordinary peanut oil was quoted at 14300 yuan/ton, and small - pressed fragrant peanut oil was 16500 yuan/ton, both stable from the previous day [4][6] - By - product prices: Rizhao soybean meal spot price was 3100 yuan/ton, down 10 yuan/ton from the previous day. Peanut meal was relatively strong in the short term, with 48 - protein peanut meal quoted at 3100 yuan/ton [6] Basis and Spread - The basis for Henan Nanyang peanuts was - 426, and for Shandong Jining and Linyi peanuts was 574. The difference between soybean meal and peanut meal was - 4, and the difference between peanut oil and soybean oil was 5940 [2] - The PK04 - PK10 spread was - 414, down 20, while the PK01 - PK04 and PK10 - PK01 spreads were unavailable [2] Group 3: Market Analysis - Peanut prices were expected to be relatively stable in the short term. Supply was increasing, but downstream demand was still weak. The spread between oil - used peanuts and commodity peanuts was large, and the spread between Henan and Northeast common peanuts was at a high level [4][8] - Peanut oil and peanut meal prices were stable, and oil mills' theoretical profit was good. The market was trading on the relatively low import cost of Senegalese peanuts, but the warehouse receipt cost was expected to be relatively high [8] Group 4: Trading Strategies - For single - side trading, it was recommended to go long on 05 peanuts at low prices as they were expected to oscillate at the bottom [9] - For spread trading, it was recommended to wait and see [10] - For options trading, it was recommended to sell the pk603 - P - 8200 option at high prices [11] Group 5: Related Attachments - The report included six figures, showing Shandong peanut spot prices, peanut oil mill profit, peanut oil prices, peanut spot - futures basis, peanut 4 - 10 contract spread, and peanut 1 - 4 contract spread [13][19][21]