银河期货花生日报-20260209

Group 1: Investment Rating - No investment rating information is provided in the report Group 2: Core Viewpoints - The spot price of peanuts is expected to be relatively stable in the short term, with the price of Henan peanuts stable and that of Northeast peanuts slightly stronger [3][6] - The spot price of peanut oil is stable, and the peanut meal has been stable recently. Oil mills have good theoretical profitability [3][4][6] - The peanut futures are oscillating at a high level, with the market trading on the ample supply of oil peanuts and the low import price. However, the cost of warehouse receipts is still expected to be relatively high [6] Group 3: Summary by Directory Part 1: Data - Futures盘面: PK604 closed at 7942, up 18 (0.23%), with a trading volume of 14,856 (up 23.21%) and an open interest of 55,776 (down 2.89%); PK610 closed at 8244, up 2 (0.02%), with a trading volume of 95 (down 62.30%) and an open interest of 2,726 (up 0.89%); PK601 had no valid data [1] - Spot and Basis: The spot prices in Henan Nanyang, Shandong Jining, and Shandong Linyi were 7400, 8000, and 8000 respectively, with no change. The prices of Rizhao peanut meal, Rizhao soybean meal, peanut oil, and Rizhao first - grade soybean oil were 3250, 3040, 14300, and 8470 respectively, with the soybean meal price down 10 and the soybean oil price up 20. The basis for Henan Nanyang was - 542, and for Shandong Jining and Linyi was 58 [1] - Import Price: The price of Sudanese peanuts was 8600, with no change, and the price of Senegalese peanuts was also unchanged [1] - Spread: The spread of PK04 - PK10 was up 16 [1] Part 2: Market Analysis - The price of peanuts in Henan is stable, and that in the Northeast is slightly stronger. The pre - sale price of imported Senegalese peanuts is stable. The purchase price of some peanut oil mills is stable, with the mainstream transaction price between 6900 - 7900 yuan/ton and the theoretical break - even price of oil mills at 7800 yuan/ton. The price of soybean oil is up, and the price of peanut oil is stable. The spot price of Rizhao soybean meal is stable, and the short - term peanut meal is relatively strong [3][4] Part 3: Trading Strategies - Unilateral: Go long on 05 peanuts at low prices with a light position [7] - Monthly Spread: Wait and see [8] - Options: Sell pk603 - P - 8200 at high prices [9] Part 4: Related Attachments - The report provides six figures, including the spot price of Shandong peanuts, the压榨 profit of peanut oil mills, the price of peanut oil, the basis between peanut spot and continuous contracts, the spread of peanut 4 - 10 contracts, and the spread of peanut 1 - 4 contracts [11][14][16]