券商中国·2026-01-30 04:45Core Viewpoint - The agricultural sector is experiencing a significant rally, driven by expectations of rising prices for agricultural products and anticipation of the annual "No. 1 Document" policy announcement [1][4]. Group 1: Agricultural Sector Performance - As of January 30, the agricultural sector showed strong performance, with leading stocks like Nongfa Seed Industry hitting the daily limit, and other stocks such as Dunhuang Seed Industry and Denghai Seed Industry also achieving significant gains [2][3]. - The overall trend in the agricultural sector is buoyed by rising prices across various commodities, including pork and cotton, with the price of live pigs rebounding to 12.97 yuan/kg [3][4]. Group 2: Price Trends and Influencing Factors - The price of live pigs is influenced by seasonal demand, epidemic control, and policy adjustments, while grain prices are supported by the Federal Reserve's interest rate cuts and domestic minimum purchase price policies [4][5]. - The agricultural sector is expected to benefit from advancements in genetically modified crops and supply-side reforms in the seed industry, with the "No. 1 Document" anticipated to further stimulate market expectations [4][5]. Group 3: Market Dynamics and Future Outlook - The market anticipates that the surge in commodity prices will lead to a rebound in agricultural product prices, although there are concerns about the sustainability of this trend due to potential policy impacts and epidemic risks [5][6]. - The white chicken industry is facing high production capacity, while the yellow chicken sector is experiencing tighter supply, which may lead to price increases in the latter [5][6].