豆一高价谨慎观望，花生购销清淡偏弱

1. Report Industry Investment Rating - The investment rating for both soybeans and peanuts is neutral [3][5] 2. Core Viewpoints - For soybeans, the futures price of Douyi 2605 contract decreased by 1.30% to 4623.00 yuan/ton compared to the previous day. The spot basis increased by 32.14%. The market trading activity has not returned to normal, and the actual short - term shipment is less than expected. The upstream's reluctance to sell and the downstream's cautious attitude towards high prices have led to a stalemate. Before the downstream factories fully resume work and the substantial restocking demand starts, the soybean price is expected to remain stable [1][2] - For peanuts, the futures price of Peanut 2605 contract decreased by 0.33% to 7908.00 yuan/ton compared to the previous day. The spot price remained unchanged. The processing operations in the producing areas are gradually resuming, but the enthusiasm for shipping in the grass - roots and intermediate links is limited, and the downstream purchasing willingness is not strong. Some oil mills have started purchasing, but the overall arrival volume is small. The terminal demand is weak, and the subsequent actual purchasing rhythm of the downstream needs to be monitored [3][4] 3. Summary by Related Catalogs Soybean Market Analysis - Futures and Spot Data: The closing price of Douyi 2605 contract was 4623.00 yuan/ton, a decrease of 61.00 yuan/ton (-1.30%) from the previous day. The spot basis was A05 + 17, an increase of 61 (+32.14%) from the previous day [1] - Market Information: The Northeast soybean market is stable. After the Spring Festival price increase, the downstream purchasing willingness was not effectively stimulated. The market trading activity has not returned to normal. The prices of different regions in Heilongjiang are provided, such as 2.32 yuan/jin in Harbin, 2.25 yuan/jin in Shuangyashan Baoqing, etc. [1] Peanut Market Analysis - Futures and Spot Data: The closing price of Peanut 2605 contract was 7908.00 yuan/ton, a decrease of 26.00 yuan/ton (-0.33%) from the previous day. The spot average price was 8082.00 yuan/ton, unchanged from the previous day. The spot basis was PK05 - 1108.00, an increase of 26.00 (-2.29%) from the previous day [3] - Market Information: The national average price of common peanuts was 8082 yuan/ton, showing a weak - stable trend. Different prices for different types of peanuts in various regions are provided, such as 3.5 - 3.9 yuan/jin for Henan wheat - stubble Baisha common peanuts. The average contract purchase price of oil - making peanuts by oil mills was 7429 yuan/ton, an increase of 29 yuan/ton [3]