农产品日报-20260116

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Views of the Report - Corn: The 2603 contract of corn resumed rising, with near - month contracts leading the increase and forward contracts following. The spot market is supported by pre - holiday stocking. The domestic average corn price is 2321 yuan/ton, remaining stable. The overall view is that corn is in an oscillatory state. Short - term long positions should pay attention to the pressure at the previous high, and medium - and long - term investors should focus on the strong performance of surrounding commodities. [2] - Soybean Meal: CBOT soybeans rose on Thursday due to strong domestic demand and a sharp rise in soybean oil futures. The U.S. soybean single - week net sales were 2.0619 million tons, which is positive. Domestically, protein meal continued to weaken, with rapeseed meal falling more than soybean meal. The overall view is that soybean meal is oscillatory, and a double - selling strategy is recommended. Rapeseed meal should pay attention to Canada's visit to China, and an option double - buying strategy is suggested. [2] - Oils: BMD palm oil fell on Thursday, following the decline in the surrounding market. CBOT soybean oil rose sharply, and Canadian rapeseed prices increased. The domestic oil market was weak but rose sharply at night, with rapeseed oil leading the increase. The overall view is that oils are oscillatory, and a strategy of selling put options is recommended. [2] - Eggs: The egg futures rebounded on Thursday, with the 2603 contract rising 1.96%. The spot price of eggs increased slightly. Terminal demand is stable, and the overall view is that eggs are oscillatory and slightly bullish. Short - term long positions can be moderately participated in, and the influence of funds and sentiment on the market should be continuously monitored. [2][3] - Pigs: The 2603 contract of live pigs rebounded during the session on Thursday and then declined in the afternoon. The spot price of live pigs was relatively stable. Terminal demand is stable, and the overall view is that live pigs are oscillatory and slightly bullish. Long positions should be held cautiously, and short - term market sentiment changes and the impact of spot prices on the futures market should be monitored. [3] Group 3: Summary According to Relevant Catalogs Market Information - On the 12th noon, MPOB announced the Malaysian palm oil data for December. The production was 1.83 million tons, a 5.46% month - on - month decrease; exports were 1.3165 million tons, an 8.52% month - on - month increase; apparent demand was 331,000 tons, slightly less than the previous month; and inventory was 3.05 million tons, all within market expectations. The 1 - 2 month production is expected to decline seasonally, and with India's festival stocking demand approaching, Malaysian palm oil may gradually reach a high - inventory inflection point. Later, attention should be paid to the implementation of Indonesia's slight increase in export LEVY and the implementation of the U.S. RVO policy. [4] Variety Spreads Contract Spreads - The report provides charts of 5 - 9 spreads for various agricultural products, including corn, corn starch, soybeans, soybean meal, soybean oil, palm oil, eggs, and live pigs, but no specific analysis of these spreads is given. [5][6][8][9][12] Contract Basis - The report provides charts of the basis for various agricultural products, including corn, corn starch, soybeans, soybean meal, soybean oil, palm oil, eggs, and live pigs, but no specific analysis of these bases is given. [14][15][18][20][25] Introduction of the Agricultural Product Research Team - Wang Na, the director of the agricultural product research at Everbright Futures Research Institute, has won the "Best Agricultural Product Analyst" title multiple times. She led the team to win the title of the top ten research and investment teams of DCE in 2019 and the special prize of the "Sailing in the Futures Sea" college student practice competition of DCE in 2023. [27] - Hou Xueling, a soybean analyst at Everbright Futures, has more than ten years of futures experience, has won the "Best Agricultural Product Analyst" title multiple times, and her team has won many awards. [27] - Kong Hailan, an analyst for eggs and live pigs at Everbright Futures, has a master's degree in economics. Her team has won many awards, and she has been interviewed by many mainstream media. [27]