农产品日报-20260206

1. Report's Investment Rating for the Industry - Not provided in the report 2. Core Views of the Report Corn - The near - month 2603 contract of corn saw a decline in positions on Thursday, with a reduction of 60,000 in March and an increase of 30,000 in May. Market trading activity in the Northeast decreased, and the price was slightly weak. The prices of deep - processing enterprises in Shandong and Hebei were stable. Before the Spring Festival, the price will maintain a narrow - range oscillation, and the possibility of significant fluctuations is small. The view is "oscillation and weakening" [1] Soybean Meal - On Thursday, CBOT soybeans continued to rise. U.S. soybean export net sales were 436,900 tons, a market - year low. Brazil's soybean production may exceed 180 million tons, limiting the increase. In China, soybean meal prices rose but less than the external market. The view is "oscillation" [1] Oils - On Thursday, BMD palm oil prices fell. An investigation showed that Malaysia's palm oil inventory in January would drop to 2.91 million tons, a 4.64% month - on - month decrease. Production decreased by 12% to 1.61 million tons, and exports increased by 14.9% - 17.9%. India's palm oil imports in January increased by 51%. In China, the view is "oscillation", and operations should be short - term [1] Eggs - On Thursday, the main 2603 contract of egg futures oscillated downward, closing down 1.83%. The spot price of eggs continued to decline. The view is "oscillation", and it is recommended to wait and see for the time being and focus on the changes in the willingness of the breeding end to eliminate and replenish [1] Pigs - On Thursday, the live - hog futures oscillated weakly. The daily average price of live hogs in China decreased by 0.04 yuan/kg. The view is "oscillation". In the medium and long term, the trend of live - hog production capacity reduction remains unchanged [2] 3. Summary According to Relevant Catalogs Market Information - Indonesia plans to restrict the export of palm oil waste to support the domestic production of biodiesel and aviation fuel, aiming to reduce energy imports and become a major global aviation fuel producer [3] Variety Spreads Contract Spreads - The report presents contract spreads such as corn 5 - 9, corn starch 5 - 9, soybeans 5 - 9, soybean meal 5 - 9, soybean oil 5 - 9, palm oil 5 - 9, eggs 5 - 9, and live hogs 5 - 9 [5][7][8][11] Contract Basis - The report shows contract bases including corn, corn starch, soybeans, soybean meal, soybean oil, palm oil, eggs, and live hogs [14][17][19][24] Team Member Introduction - Wang Na is the director of the agricultural product research at Everbright Futures Research Institute. She has won many awards and has rich experience. Hou Xueling is a soybean analyst at Everbright Futures. Kong Hailan is a researcher in the egg and live - hog industries at Everbright Futures [26]