格林期货早盘提示：玉米、生猪、鸡蛋-20260120

Group 1: Report Investment Ratings - Corn: Interval [1] - Pig: Interval [1][3] - Egg: Short high for near - term contracts [3] Group 2: Core Views of the Report - Corn market is currently a mix of long and short factors. In the medium - term, maintain a broad - range trading idea; in the long - term, follow the pricing logic of substitution + planting cost and focus on policy guidance [1] - For pigs, in the short - term, the decline in pig prices is limited; in the medium - term, supply may increase before March and ease after April; in the long - term, supply pressure exists before August and far - month contracts are expected to decline [3] - For eggs, in the short - term, there is a risk of a slight decline; in the medium - term, the spot price will remain low; in the long - term, the price bottom cycle may be extended, and wait for over - culling to drive capacity reduction [3] Group 3: Summary by Variety Corn - Market Review: The night - session of corn futures oscillated weakly yesterday. The main 2603 contract dropped 0.48% to 2271 yuan/ton [1] - Important Information: Deep - processing enterprise quotes fluctuated; port prices were stable; the grain - selling progress in the Northeast and North China accelerated [1] - Market Logic: Medium - term: multiple long and short factors; long - term: substitution + planting cost pricing logic [1] - Trading Strategy: Medium - term, maintain a broad - range trading idea. For the 2603 contract, the resistance at 2300 is verified, with support at 2250 - 2260; for the 2605 contract, the resistance at 2280 - 2290 is verified, with support at 2250 - 2260 [1] Pig - Market Review: Pig futures oscillated downward yesterday. The main 2603 contract dropped 2.09% to 11705 yuan/ton [1] - Important Information: Pig price increase stabilized, and northern prices weakened. In 2025, pig slaughter, pork production increased, and the number of sows decreased. Piglet numbers and weights changed, and the fat - lean price difference widened [1][3] - Market Logic: Short - term: limited decline; medium - term: supply may increase before March and ease after April; long - term: supply pressure exists before August and far - month contracts are expected to decline [3] - Trading Strategy: For the 2603 contract, the resistance at 12180 - 12300 is verified, with support at 11500; for the 2605 contract, the resistance at 12350 - 12450 is verified, with support at 11750 - 11800; for the 2607 contract, the resistance at 13000 is verified, with support at 12400 - 12500; for the 2609 contract, the resistance at 14000 is verified, with support at 13350, and if it breaks 13350, the support moves down to 13000 [3] Egg - Market Review: Egg futures declined under pressure yesterday. The main 2603 contract dropped 1.34% to 3023 yuan/500KG [3] - Important Information: Egg prices were mainly stable, inventory increased slightly, the price of culled chickens was basically flat, and the estimated number of laying hens decreased [3] - Market Logic: Short - term: risk of a slight decline; medium - term: spot price remains low; long - term: price bottom cycle may be extended [3] - Trading Strategy: In anticipation of the decline in spot prices in February, look for short - selling opportunities in near - term contracts after a rally. For the 2603 contract, the resistance at 3050 - 3080 remains, with support at 3000 - 3020, and a break below 3000 can open further downward space [3]