银河期货花生日报-20260120

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The price of peanuts in Henan and Northeast China is relatively strong in the short - term, and the import peanut price is stable. The supply of peanuts is increasing, but the downstream demand is weak. The peanut futures will continue to fluctuate at the bottom, and the cost of warehouse receipts is expected to be relatively high. The spot prices of peanut oil and peanut meal are stable, and the theoretical profit of oil mills from pressing is good [3][7] Group 3: Summary According to the Directory 1. First Part - Data - Futures盘面: For PK604, the closing price is 7864, up 22 (0.28%), with a trading volume of 21,251 (-26.64%) and an open interest of 28,459 (-2.96%); for PK610, the closing price is 8208, up 2 (0.02%), with a trading volume of 48 (-72.41%) and an open interest of 2,749 (-0.54%); for PK601, some data are unavailable [1] - Spot and Basis: The spot prices in Henan Nanyang, Shandong Jining, and Shandong Linyi are 7400, 8000, and 8000 respectively, with no change. The price of Rizhao peanut meal is 3250, with no change, and the price of Rizhao soybean meal is 3090, down 10. The price of peanut oil is 14320, with no change, and the price of Rizhao first - grade soybean oil is 8430, up 50. The import price of Sudanese peanuts is 8600, with no change. The PK04 - PK10 spread is - 344, up 20 [1] 2. Second Part - Market Analysis - The price of peanuts in Henan and Northeast China is relatively strong. The price of imported Sudanese refined peanuts is 8600 yuan/ton, the price of Brazilian new peanuts is 9200 yuan/ton, and the price of Indian specification peanuts (50/60) is 8000 yuan/ton, all remaining stable. The price of peanuts in Henan has increased by 0.05 yuan/jin. It is expected that the peanut spot will be relatively stable in the short term. The purchase price of some peanut oil mills is stable, and the prices of peanut oil and soybean oil are also stable. The price difference between peanut meal and soybean meal per unit of protein is low, and peanut meal is relatively strong in the short term [3][5] 3. Third Part - Trading Strategies - Single - sided: Peanut 05 will fluctuate at the bottom, and it is recommended to go long lightly at low prices [8] - Monthly Spread: It is recommended to wait and see [9] - Options: Sell pk603 - P - 8200 at high prices [10] 4. Fourth Part - Relevant Attachments - The report provides six figures, including the spot price of Shandong peanuts, the pressing profit of peanut oil mills, the price of peanut oil, the basis between peanut spot and continuous contracts, the spread between peanut 4 - 10 contracts, and the spread between peanut 1 - 4 contracts [12][18][20]