格林期货早盘提示：白糖，红枣，橡胶系-20260211

Report Industry Investment Ratings - Sugar: Not explicitly stated, but trading strategy suggests a cautious attitude [1] - Red dates: Bearish outlook [3] - Rubber: Bullish for natural rubber and synthetic rubber in the short - term, with a wait - and - see attitude [4] Core Views - Sugar: Global sugar supply - demand balance loosening pressures prices, but some institutions' downward revisions of future production may support prices. Domestic sugar shows an external - weak and internal - strong situation, with significant upward pressure [1] - Red dates: Limited fundamental information, supply pressure suppresses prices, and the CJ605 contract is expected to seek historical lows [3] - Rubber: Natural rubber is supported by rising raw material prices during the减产 season, but seasonal inventory accumulation may suppress the market. Synthetic rubber is supported by supply - side news, but trading is light [4] Summary by Variety Sugar - 行情复盘: SR605 closed at 5278 yuan/ton with a daily increase of 0.32%, and SR609 closed at 5288 yuan/ton with a daily increase of 0.27% [1] - 重要资讯: Brazil's sugar exports in the first week of February increased by 34.28% year - on - year. In the 2025/26 season, Brazil's central - southern region's cumulative sugar production increased by 0.86% year - on - year. India's Maharashtra state's sugar production also increased [1] - 市场逻辑: External market ICE raw sugar fell, and domestic sugar rose. The global supply - demand balance loosens, but future production cuts may support prices. Domestic sugar lacks fundamental support [1] - 交易策略: Pay attention to the pressure around 5300 for SR605, and consider shorting if the pressure is effective, with risk control before the holiday [1] Red Dates - 行情复盘: CJ605 closed at 8725 yuan/ton with a daily increase of 0.35%, and CJ609 closed at 8965 yuan/ton with a daily increase of 0.50% [3] - 重要资讯: The inventory of 36 sample physical warehouses decreased by 9.55% week - on - week. The wholesale price of Hebei's top - grade red dates decreased slightly. There were no new arrivals in the Guangdong market [3] - 市场逻辑: Red date prices are consolidating at a low level. Supply pressure is the main factor suppressing prices, and the CJ605 contract is expected to decline [3] - 交易策略: Short CJ605 on rallies and sell out - of - the - money call options [3] Rubber - 行情复盘: RU2605 closed at 16335 yuan/ton with a daily increase of 0.55%, NR2604 closed at 13230 yuan/ton with a daily increase of 0.61%, and BR2603 closed at 12860 yuan/ton with a daily increase of 0.39% [4] - 重要资讯: Thailand's raw material prices rose. Qingdao's rubber inventory increased. The prices of various rubber products changed slightly [4] - 市场逻辑: Natural rubber is supported by raw material prices but may be affected by seasonal inventory. Synthetic rubber is supported by supply - side news but has light trading [4] - 交易策略: Those not in the market should wait and see, with risk control and light positions before the holiday [4]