豆一节后补库预期，花生节前平稳运行

1. Report Industry Investment Rating - The investment strategy for both soybeans and peanuts is neutral [1][3][5] 2. Core Viewpoints of the Report - For soybeans, although the market is in a pre - holiday transition phase with dull supply and demand and light trading volume, due to positive post - holiday expectations from traders, potential replenishment demand from enterprises, and a tight supply pattern, the market still has a strong bullish sentiment [1][2] - For peanuts, as the end of the year approaches, the trading activity in the peanut market slows down significantly. With oil mills' raw material purchase prices generally stable, most factories stopping procurement, and limited national arrivals, peanut prices are expected to remain stable and fluctuate before the holiday [3][4] 3. Summary by Related Catalogues Soybean Market Analysis - Futures and Spot Market Data: The closing price of the soybean 2605 contract was 4387.00 yuan/ton, up 9.00 yuan/ton or 0.21% from the previous day. The spot basis of edible soybeans was A05 + 213, up 151 or 32.14% from the previous day [1] - Market Information: Northeast soybeans rose by 80 - 140 yuan yesterday. Farmers have limited remaining grain, and traders are reluctant to sell and raise prices. The market is gradually entering the pre - holiday closure, but there is strong confidence in the future market [1] - Spot Price Changes: In different regions of Heilongjiang, such as Harbin, the price of national standard first - class soybeans with 39% protein increased by 0.08 yuan/jin; in Shuangyashan, it increased by 0.02 yuan/jin; in other regions, the prices were either stable or slightly increased [1] Peanut Market Analysis - Futures and Spot Market Data: The closing price of the peanut 2603 contract was 8044.00 yuan/ton, down 10.00 yuan/ton or 0.12% from the previous day. The average spot price of peanuts was 8018.00 yuan/ton, down 932.00 yuan/ton or 10.41% month - on - month. The spot basis was PK03 - 1244.00, up 10.00 or - 0.80% month - on - month [3] - Market Information: The average price of national peanut general rice was basically stable. The prices of different types of peanuts in various regions, such as Henan, Shandong, Hebei, Liaoning, and Jilin, were reported, and the contract purchase price of oil - producing peanuts by oil mills was also stable [3]