大连商品交易所农产品日报-20260324

1. Report Industry Investment Ratings - Corn: Oscillation [1] - Soybean Meal: Increase [1] - Oils: Increase [1] - Eggs: Oscillation [1] - Pigs: Oscillation and Weakening [2] 2. Core Views of the Report - The corn market is expected to enter an oscillatory phase due to increased policy regulation and weakening short - term bullish expectations. The soybean meal market follows changes in import costs. The oils market is affected by the Middle East situation and commodity sentiment. The egg market is expected to remain range - bound, with the lower limit of the oscillation range rising. The pig market is likely to remain weak due to supply pressure [1][2]. 3. Summary by Relevant Catalogs Research Views - Corn: The main corn contracts 2605 and 2607 increased in positions and prices. The spot market has high inventory costs, and trade - offs between supply and demand lead to an oscillatory market. Policy regulation weakens short - term bullish expectations [1]. - Soybean Meal: CBOT soybeans oscillated higher, and the market is concerned about the impact of fuel and fertilizer price increases on the area allocation of soybeans and corn. Domestic protein meal oscillated, and the market follows import costs [1]. - Oils: BMD palm oil was closed on Monday, and the market is affected by the complex Middle East situation. Domestic oils continued to oscillate, with palm oil rising significantly. The market should continue to monitor the Middle East situation and commodity sentiment [1]. - Eggs: The main egg contract 2605 rebounded. The short - term egg price in production areas may be mostly stable with individual increases. The market is expected to oscillate, and the lower limit of the oscillation range has risen [1]. - Pigs: The pig futures continued to decline. Due to limited demand and supply pressure, the pig price is likely to remain weak [2]. Market Information - International military actions in the Middle East may last at least three more weeks, and the US may send more warships to the Middle East. China's M2 balance increased by 9% year - on - year in February. The China Securities Regulatory Commission will strengthen supervision. The inventory of imported iron ore in Chinese ports increased, and the price increase lacks fundamental support. The US issued a license for the purchase of Russian oil. China will release national fertilizer reserves. The price of urea futures has risen by over 20% since the US - Israel attack on Iran. Iraq plans to resume oil exports, while the Kurdish region refuses. A Bahrain aluminum company has started phased production cuts. The methanol inventory in East China ports decreased [2][3][4]. Variety Spreads - The report presents various contract spreads and contract basis charts for corn, corn starch, soybeans, soybean meal, oils, eggs, and pigs, but no specific analysis of these spreads and basis is provided [5][6][7][8][9][11][13][15][17][23] Team Member Introduction - The research team includes Wang Na, the director of the agricultural product research at Everbright Futures Research Institute; Hou Xueling, a soybean analyst; and Kong Hailan, a researcher for eggs and pigs. They have rich experience and many honors [25]