银河期货花生日报-20260121

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The short - term peanut price is relatively stable due to stable prices of domestic and imported peanuts, large price difference between oil - used and commodity peanuts, sufficient supply and weak downstream demand. Peanut futures will still fluctuate at the bottom. It is recommended to go long on 05 peanuts at low prices on a light - position short - term basis, stay on the sidelines for the month - spread, and sell pk603 - P - 8200 when the price is high [3][7][8] Group 3: Summary by Directory Part 1: Data - Futures Disk: PK604 closed at 7896, up 32 (0.41%), with a trading volume of 14,202 (down 33.17%) and an open interest of 26,833 (down 5.71%); PK610 closed at 8232, up 24 (0.29%), with a trading volume of 112 (up 133.33%) and an open interest of 2,742 (down 0.25%); PK601 closed at 8234, up 56 (0.68%), with a trading volume of 1 (down 66.67%) and an open interest of 2 (unchanged) [1] - Spot and Basis: Henan Nanyang spot price was 7400, Shandong Jining and Linyi were 8000. Sunflower meal in Rizhao was 3250, soybean meal was 3080 (down 10), peanut oil was 14320, and first - grade soybean oil in Rizhao was 8410 (down 20). Imported Sudanese rice was 8600. PK01 - PK04 spread was 338 (up 24), PK04 - PK10 was - 336 (up 8), PK10 - PK01 was - 2 (down 32) [1] Part 2: Market Analysis - Peanut prices in Henan were stable, and those in Northeast China were relatively strong. Northeast Jilin Fuyu 308 common peanuts were 4.6 yuan/jin, Liaoning Changtu was 4.6 yuan/jin. Henan Baisha common peanuts were 3.65 - 3.8 yuan/jin, Shandong Junan was 3.5 yuan/jin. Imported Sudanese refined rice was 8600 yuan/ton, Brazilian new rice was 9200 yuan/ton, and Indian 50/60 specification rice was 8000 yuan/ton. Peanut oil prices were stable, with mainstream factory purchase prices at 6900 - 7900 yuan/ton and a theoretical break - even price of 7800 yuan/ton. Rizhao soybean meal was weak, and peanut meal was relatively strong [3][5] Part 3: Trading Strategies - Single - side: Go long on 05 peanuts at low prices on a light - position short - term basis [8] - Month - spread: Stay on the sidelines [9] - Options: Sell pk603 - P - 8200 when the price is high [10] Part 4: Relevant Attachments - There are six figures including Shandong peanut spot price, peanut oil factory's profit, peanut oil price, peanut spot and continuous contract basis, peanut 4 - 10 contract spread, and peanut 1 - 4 contract spread [12][15][18]