花生购销清淡，盘面震荡运行

Group 1: Report Industry Investment Rating - The investment strategy for both soybeans and peanuts is neutral [3][5] Group 2: Core Views - The soybean price has ended its unilateral upward trend and may enter a range - bound oscillation. The peanut price will likely maintain a weak and stable oscillation in the short term [2][4] Group 3: Summary by Related Catalogs Soybean - Market Analysis: The closing price of the soybeans 2605 contract was 4609.00 yuan/ton, a change of - 46.00 yuan/ton or - 0.99% from the previous day. The spot basis of edible soybeans was A05 + 151, a change of - 74 or 32.14% from the previous day. The decline in spot prices was mainly due to the weakening of the futures market. Some regions' soybean prices are as follows: in Harbin, Heilongjiang, the loading price of national standard first - class 39% protein medium - grain tower grain was 2.44 yuan/jin; in Baoqing, Heilongjiang, it was 2.40 yuan/jin; in Fumian, Heilongjiang, it was 2.42 yuan/jin; in Nehe, Heilongjiang, the 41% protein medium - grain tower grain was 2.50 yuan/jin; in Nenjiang, Heilongjiang, it was 2.50 yuan/jin; in Hailun, Heilongjiang, it was 2.50 yuan/jin [1] - Market Trends: The domestic soybean price was previously supported by tight remaining grains and policies, but recently, due to the expected high - yield of Brazilian soybeans, the weakening of CBOT soybeans, the concentrated arrival of imported soybeans in April, and the implementation of the state - reserve auction policy, the main soybean contract has fallen from its high. The domestic procurement rhythm is weak, and the supply - demand pattern may change, leading to a range - bound oscillation [2] Peanut - Market Analysis: The closing price of the peanut 2605 contract was 8182.00 yuan/ton, a change of - 32.00 yuan/ton or - 0.39% from the previous day. The average spot price of peanuts was 8055.00 yuan/ton, with no change. The spot basis was PK05 - 1382.00, a change of + 32.00 or - 2.26%. The national average price of general peanuts was stable, with different prices in different regions. The average contract purchase price of oil - making peanuts by oil mills was 7450 yuan/ton, an increase of 21 yuan/ton, and the average price in Shandong was 7388 yuan/ton, an increase of 38 yuan/ton [3] - Market Trends: The peanut futures price rose and then fell. The supply of peanuts in the producing areas is still low, and processing enterprises are mostly waiting and purchasing on - demand. The overall trading atmosphere is light. Food enterprises only replenish inventory for essential needs. Although some oil mills have relaxed procurement indicators, the arrival volume has not increased significantly. In the context of weak demand, the peanut price will likely maintain a weak and stable oscillation in the short term, and the procurement rhythm of oil mills needs to be closely monitored [3][4]