《农产品》日报-20260130

Group 1: Investment Ratings - No investment ratings are provided in the reports. Group 2: Core Views Oil and Fat - Malaysian BMD crude palm oil futures may rise to around 4,350 ringgit. Dalian palm oil futures may break through 9,400 yuan and reach 9,500 yuan. CBOT soybean oil futures may continue to rise, and domestic soybean oil futures may reach 8,500 yuan. Rapeseed oil may test 9,500 yuan [1]. Cotton - ICE cotton futures are under pressure, but the decline is limited. Domestic cotton prices are expected to remain oscillating and slightly stronger in the short term [2]. Sugar - ICE raw sugar futures are in a consolidation pattern. International sugar production is affected by factors such as reduced production in Brazil and slow progress in Thailand. Domestic sugar prices are expected to rebound from the low level [3]. Jujube - The current jujube sales are slower than last year. The commodity market sentiment has boosted the futures price, but it is still undervalued. Attention should be paid to the pre - Spring Festival sales and inventory [4]. Apple - The Spring Festival stocking is in full swing, and the inventory in main producing areas has decreased. The sales structure is differentiated. Attention should be paid to the post - holiday inventory [5]. Corn - The corn market has support at the bottom and pressure at the top, and the futures price will maintain a high - level oscillation. Attention should be paid to the enterprise stocking rhythm and policy release [8]. Pig - The spot price of pigs is oscillating weakly, and the supply pressure is increasing. The futures and spot prices are both weak, and the market is expected to remain at the bottom and oscillate [11]. Meal - US soybeans have strong support at the bottom. The domestic spot market is loose, but the downside space of soybean meal and rapeseed meal is limited. The pre - holiday stocking sentiment may fade, and the futures price may decline [14]. Egg - The egg supply is normal, but the market digestion is slowing down. The futures price is expected to maintain a range - bound oscillation [17]. Group 3: Summary by Category Oil and Fat - Soybean oil: The spot price in Jiangsu rose by 0.57% to 8,790 yuan, and the futures price of Y2605 rose by 0.67% to 8,382 yuan. The basis decreased by 20 yuan [1]. - Palm oil: The spot price in Guangdong rose by 1.19% to 9,370 yuan, and the futures price of P2605 rose by 0.99% to 9,362 yuan. The basis increased by 18 yuan [1]. - Rapeseed oil: The spot price in Jiangsu rose by 1.07% to 10,386 yuan, and the futures price of OI605 rose by 1.24% to 9,446 yuan. The basis decreased by 6 yuan [1]. Cotton - Futures market: The price of cotton 2605 decreased by 0.20% to 14,910 yuan/ton, and the price of ICE US cotton decreased by 0.22% to 63.64 cents/pound [2]. - Spot market: The Xinjiang arrival price of 3128B increased by 1.37% to 15,832 yuan [2]. - Industry situation: Commercial inventory decreased by 100%, and industrial inventory increased by 1.5%. Import volume increased by 49.5%, and the export of textile products increased [2]. Sugar - Futures market: The price of sugar 2605 increased by 1.35% to 5,257 yuan/ton, and the price of ICE raw sugar decreased by 0.74% to 14.72 cents/pound [3]. - Spot market: The price in Nanning increased by 0.75% to 5,340 yuan [3]. - Industry situation: National sugar production decreased by 16.43%, and sales decreased by 37.18%. The industrial inventory increased by 10.82% [3]. Jujube - The futures price of jujube 2605 increased by 0.74% to 8,895 yuan/ton. The warehouse receipt increased by 3,313 [4]. Apple - The futures price of apple 2605 increased by 1.15% to 9,642 yuan/ton. The national main - producing area inventory decreased by 4.21% to 654.05 million tons [5]. Corn - Corn: The price of corn 2603 increased by 0.31% to 2,281 yuan/ton. The north - south trade profit increased by 2000% to 19 yuan [8]. - Corn starch: The price of corn starch 2603 increased by 0.20% to 2,535 yuan/ton [8]. Pig - Futures market: The price of the main contract decreased by 21.01% to 1,485 yuan (base). The price of pig 2605 decreased by 0.47% to 11,640 yuan/ton [11]. - Spot market: The price in Henan decreased by 500 yuan to 12,650 yuan/ton [11]. - Industry situation: The sample slaughter volume decreased by 1.54%, and the self - breeding profit increased by 486.60% [11]. Meal - Soybean meal: The spot price in Jiangsu increased by 0.32% to 3,130 yuan, and the futures price of M2605 increased by 0.72% to 2,802 yuan [14]. - Rapeseed meal: The spot price in Jiangsu increased by 0.78% to 2,580 yuan, and the futures price of RM2605 increased by 1.22% to 2,325 yuan [14]. - Soybean: The price of the first - grade soybean futures increased by 1.39% to 4,436 yuan, and the price of the second - grade soybean futures increased by 0.70% to 3,596 yuan [14]. Egg - The price of the egg 03 contract decreased by 0.89% to 3,021 yuan/500KG. The egg - feed ratio increased by 8.81% to 2.84, and the breeding profit increased by 129.87% to 3.19 yuan/feather [17].