豆一价格高位承压，花生延续弱稳震荡

Report Industry Investment Rating - The investment rating for both soybeans and peanuts is neutral [1][3] Core Viewpoints - The price of soybeans is under pressure at high levels, and the price of peanuts is expected to continue weak and stable fluctuations. The soybean market shows a characteristic of "not prosperous in the peak season" near the Spring Festival, and the high - protein soybean price is under obvious upward pressure. The peanut market is affected by factors such as supply, demand, and oil mill purchase prices [1][2][4] Summary by Related Catalogs Soybean Market Analysis - Futures: The closing price of the soybeans 2605 contract yesterday was 4333.00 yuan/ton, a change of +10.00 yuan/ton from the previous day, with a change rate of +0.23%. - Spot: The edible soybean spot basis was A05 + 107, a change of - 10 from the previous day, with a change rate of 32.14%. Northeast soybean spot prices are stable and remain at a high level. The market - circulating grain sources are relatively tight, and downstream purchases are mostly for rigid needs, with the shipment rhythm generally gentle. Specific spot prices in different regions of Heilongjiang were provided [1] - Market Trends: The main soybean futures contract fluctuated narrowly yesterday. Southern soybean production and sales areas had stable prices, but the purchasing and sales atmosphere was continuously weak. The shipment in the production area was slow, and traders were reluctant to sell. The remaining grain in the market was limited. The sales area was dragged down by weak food - processing demand, and the purchasing enthusiasm was not high. CGS plans to put 3.02 tons of two - way purchase and sales soybeans on January 16, which may supplement low - price soybean sources [2] Strategy - The strategy for soybeans is neutral [1] Peanut Market Analysis - Futures: The closing price of the peanut 2603 contract yesterday was 7836.00 yuan/ton, a change of - 8.00 yuan/ton from the previous day, with a change rate of - 0.10%. - Spot: The average peanut spot price was 7982.00 yuan/ton, with a change of +0.00 yuan/ton from the previous day, and a change rate of +0.00%. The spot basis was PK03 - 836.00, a change of +8.00 from the previous day, with a change rate of - 0.95%. The average price of general peanuts in the national peanut market decreased by 9 yuan/ton. Different peanut prices in various regions and the average contract purchase price of oil - processing peanuts by oil mills were provided [3] - Market Trends: The main peanut futures contract fluctuated narrowly yesterday. The overall supply in the domestic peanut market is abundant, but the grain - selling rhythm at the grass - roots level in the production area is differentiated, and some holders still have a price - holding mentality. The purchase price of oil mills remains stable, providing a bottom support for the spot price. However, the downstream demand is weak, and the market transactions mainly depend on the arrival volume of oil mills. In the short term, peanut prices are expected to continue weak and stable fluctuations [4] Strategy - The strategy for peanuts is neutral [3]