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《农产品》日报-20250624
Guang Fa Qi Huo· 2025-06-24 02:58
玉米系期现日报 投资咨询业务资格:证监许可 【2011】1292号 2025年6月24日 朱迪 Z0015979 | | 现值 | 前值 | 涨跌 | 涨跌幅 | 单位 | | --- | --- | --- | --- | --- | --- | | 玉米2509 | 2408 | 2409 | -1 | -0.04% | | | 锦州港平舱价 | 2380 | 2380 | 0 | 0.00% | | | 募差 | -28 | -29 | 1 | 3.45% | | | 玉米9-1价差 | 117 | 120 | -3 | -2.50% | 元/吨 | | 蛇口散粮价 | 2460 | 2460 | 0 | 0.00% | | | 南北贸易利润 | 9 | 9 | 0 | 0.00% | | | 到岸完税价CIF | 1924 | 1927 | -3 | -0.15% | | | 讲口利润 | 536 | 533 | 3 | 0.53% | | | 山东深加工早间剩余车辆 | 700 | 402 | 298 | 74.13% | 9内 | | 持仓量 | 1817240 | 1818031 | -791 ...
豆粕:隔夜美豆收跌,连粕或跟随回落,豆一:市场氛围偏空,或调整震荡
Guo Tai Jun An Qi Huo· 2025-06-24 02:24
2025 年 06 月 24 日 品 研 究 豆粕:隔夜美豆收跌,连粕或跟随回落 【宏观及行业新闻】 6 月 23 日 CBOT 大豆日评:中西部天气有利,大豆承压回落。北京德润林 2025 年 6 月 24 日消息: 请务必阅读正文之后的免责条款部分 1 期货研究 商 豆一:市场氛围偏空,或调整震荡 吴光静 投资咨询从业资格号:Z0011992 wuguangjing@gtht.com 【基本面跟踪】 豆粕/豆一基本面数据 | | | 收盘价 (日盘) | 涨 跌 | 收盘价 (夜盘) 涨 跌 | | --- | --- | --- | --- | --- | | | DCE豆一2509 (元/吨) | 4250 -1 | (-0.02%) | 4250 -6(-0.14%) | | 期 货 | DCE豆粕2509 (元/吨) | 3037 | -33(-1.07%) | 3028 -14(-0.46%) | | | CBOT大豆11 (美分/蒲) | 1046.5 | -14.0(-1.32%) | | | | CBOT豆粕12 (美元/短吨) | 296.7 | -1.6(-0.54%) | n a | ...
《农产品》日报-20250623
Guang Fa Qi Huo· 2025-06-23 01:41
1. Report Industry Investment Ratings No investment ratings are provided in the reports. 2. Core Views of the Reports Grains and Oilseeds - The domestic soybean inventory pressure is acceptable, and the soybean meal inventory remains low. Although the开机 rate has improved, there is no inventory pressure for soybean meal for now. The basis has improved slightly this week. The follow - up supply is expected to maintain a high arrival volume, and the sustainability of demand should be monitored. The unilateral trend of soybean meal is not yet clear, but the support from US soybeans is strengthening. The Brazilian premium is also expected to be strong before the US soybean import is expected to open. The futures price may follow the US soybean to correct in the short term, but the space is limited. It is recommended to place low - level rolling long orders [1]. Livestock (Pigs) - The spot price of live pigs maintains an oscillating structure. The slaughter weight of live pigs is slowly declining, and the reluctance to sell among farmers has increased recently, which has boosted the enthusiasm for second - fattening and supported the price this week. The demand side shows no obvious signs of improvement, and the market price is expected to remain mainly oscillating. There is still breeding profit currently, but the market is cautious about expanding production capacity. The market has no basis for a sharp decline, but the upward driving force is also not strong [3][4]. Corn - The current corn supply varies with the rhythm of traders. Northeast traders have tight inventories and are reluctant to sell, keeping the price firm. North China traders take profits after the corn price rises to a high level, and the number of vehicles arriving at deep - processing plants has recovered on the weekend, with the price remaining stable with partial declines. The profit of downstream deep - processing has recovered, and the operating rate has increased slightly, while the inventory remains stable. The breeding end purchases as needed for rigid demand replenishment. However, the narrowing price difference between wheat and corn and even parity has increased the substitution for feed use, limiting the increase in corn prices. In the long term, the tight supply of corn, low import volume, and increasing breeding consumption support the upward movement of corn prices. In the short term, the tight supply supports the corn price, but the concentrated listing of wheat restricts the upward rhythm. The expansion of the minimum - price policy procurement range supports the price, and the overall corn market remains in an oscillating and slightly strong state with limited amplitude. Attention should be paid to the subsequent wheat market and policy situation [6]. Sugar - The sugar production data in Brazil in late May increased year - on - year, and the weather in India and Thailand is favorable for sugarcane growth. The global supply is becoming more abundant, putting pressure on raw sugar. It is expected that raw sugar will maintain an oscillating and weak pattern. Currently, the negative factors in the market have been fully reflected in the price trend. If there are no new negative factors to drive the market, the possibility of a sharp decline in sugar prices is small. It is expected to maintain a bottom - oscillating pattern this week, with a reference range of 5650 - 5800 [10]. Oils and Fats - For palm oil, the Malaysian BMD crude palm oil futures oscillate around 4100 ringgit. Due to concerns about the slowdown in export growth in the first 20 days, the futures price has slightly declined after rising. It will repeatedly test the support at 4100 ringgit in the short term. In the domestic market, the Dalian palm oil futures are in a high - level stagnant and declining trend. In the short term, it is expected to pull back and seek support at 8500 yuan. Affected by the oscillation of Malaysian palm oil, it may break through 8500 yuan and further decline to the range of 8300 - 8350 yuan. For soybean oil, crude oil has entered an oscillating adjustment state after a sharp rise on the 13th, and the supply in the Strait of Hormuz has not been interrupted, so the upside space of crude oil is limited at present, which affects the trend of vegetable oils as biodiesel raw materials. In the short term, the CBOT soybean oil main contract in July oscillates below 55 cents. In the domestic market, this is the season with the lightest demand. As schools are on holiday, the demand for oils and fats from canteens and small restaurants around schools has significantly decreased. The high factory operating rate and high soybean oil production have led to inventory accumulation. If the futures price enters a stagnant and adjusting trend, the spot basis quotation will be supported; if the futures price rises again, the spot basis quotation will be dragged down and may decline to some extent [12]. Cotton - The market driving force is still weak. The operating rate of the industrial downstream continues to decline, and the finished - product inventory continues to rise. However, the weakening force is still not strong. The basis of old - crop cotton remains relatively firm, with only a small number of adjustments in the basis in some areas, while the mainstream price remains unchanged. There is still support for cotton prices, and the long - term supply is expected to be sufficient. In the short term, the domestic cotton price may oscillate within a range, and attention should be paid to the macro and industrial downstream demand [13]. Eggs - The national egg supply is still relatively abundant. The sales speed of low - priced eggs is acceptable, while that of high - priced eggs is average. It is expected that the national egg price may rise slightly this week and then stabilize, with a slight decline in the later period [16]. 3. Summary According to Relevant Catalogs Grains and Oilseeds - **Soybean Meal**: The current price in Jiangsu is 2940 yuan, unchanged from the previous value; the futures price of M2509 is 3067 yuan, down 10 yuan (- 0.32%); the basis of M2509 is - 127 yuan, up 10 yuan (7.30%); the spot basis in Guangdong is m2509 - 140; the crushing profit of Brazilian imports in August is 188 yuan, up 27 yuan (16.8%); the warehouse receipt is 26001, unchanged [1]. - **Rapeseed Meal**: The current price in Jiangsu is 2581 yuan, down 9 yuan (- 0.35%); the futures price of RM2509 is 2679 yuan, down 15 yuan (- 0.56%); the basis of RM2509 is - 8 yuan, up 4 yuan (5.77%); the spot basis in Guangdong is rm09 - 90; the crushing profit of Canadian imports in November is - 30 yuan, down 30 yuan (- 31.25%); the warehouse receipt is 25824, down 30 (- 0.12%) [1]. - **Soybeans**: The current price of Harbin soybeans is 3960 yuan, unchanged; the futures price of the main soybean contract is 4259 yuan, up 26 yuan (0.61%); the basis of the main soybean contract is - 299 yuan, down 26 yuan (- 9.52%); the current price of imported soybeans in Jiangsu is 3690 yuan, unchanged; the futures price of the main soybean No. 2 contract is 3750 yuan, down 14 yuan (- 0.37%); the basis of the main soybean No. 2 contract is - 60 yuan, up 14 yuan (18.92%); the warehouse receipt is 19811, down 316 (- 1.57%) [1]. Livestock (Pigs) - **Futures**: The main contract basis is 505 yuan, down 135 yuan (- 21.09%); the price of live pigs 2507 is 13335 yuan, up 80 yuan (0.60%); the price of live pigs 2509 is 13895 yuan, up 135 yuan (0.98%); the 7 - 9 spread is 560 yuan, up 55 yuan (10.89%); the main contract position is 76202, down 84 (- 0.11%); the warehouse receipt is 750, unchanged [3]. - **Spot**: The price in Henan is 14400 yuan, unchanged; in Shandong, it is 14500 yuan, up 50 yuan; in Sichuan, it is 13650 yuan, down 100 yuan; in Liaoning, it is 13950 yuan, up 50 yuan; in Guangdong, it is 15490 yuan, down 50 yuan; in Hunan, it is 13910 yuan, unchanged; in Hebei, it is 14300 yuan, up 100 yuan [3]. Corn - **Corn**: The price of corn 2509 is 2409 yuan, up 4 yuan (0.17%); the basis is - 29 yuan, down 4 yuan (- 16.00%); the 9 - 1 spread is 120 yuan, up 2 yuan (1.69%); the price of Shekou bulk grain is 2460 yuan, up 10 yuan (0.41%); the north - south trade profit is 9 yuan, up 10 yuan (1000.00%); the CIF price is 1927 yuan, down 2 yuan (- 0.12%); the import profit is 533 yuan, up 12 yuan (2.35%); the number of remaining vehicles at Shandong deep - processing plants in the morning is 16, down 132 (- 89.19%); the position is 1818031, up 12153 (0.67%); the warehouse receipt is 216521, unchanged [6]. - **Corn Starch**: The price of corn starch 2507 is 2701 yuan, up 1 yuan (0.04%); the spot price in Changchun is 2720 yuan, unchanged; in Weifang, it is 2940 yuan, unchanged; the basis is 19 yuan, down 1 yuan (- 5.00%); the 7 - 9 spread is - 87 yuan, up 3 yuan (3.33%); the starch - corn futures spread is 292 yuan, down 3 yuan (- 1.02%); the profit of Shandong starch is - 88 yuan, down 10 yuan (- 12.82%); the position is 254743, down 14605 (- 5.42%); the warehouse receipt is 24233, unchanged [6]. Sugar - **Futures**: The price of sugar 2601 is 5573 yuan, up 47 yuan (0.85%); the price of sugar 2509 is 5720 yuan, up 62 yuan (1.10%); the price of ICE raw sugar main contract is 16.53 cents/lb, up 0.18 cents (1.10%); the 1 - 9 spread is - 147 yuan, down 15 yuan (- 11.36%); the main contract position is 368972, down 15708 (- 4.08%); the warehouse receipt is 27669, down 610 (- 2.16%); the effective forecast is 0 [10]. - **Spot**: The price in Nanning is 6030 yuan, up 10 yuan (0.17%); in Kunming, it is 5855 yuan, unchanged; the basis in Nanning is 310 yuan, down 52 yuan (- 14.36%); in Kunming, it is 135 yuan, down 62 yuan (- 31.47%); the price of imported Brazilian sugar within the quota is 4393 yuan, down 42 yuan (- 0.95%); outside the quota is 5578 yuan, down 55 yuan (- 0.98%) [10]. Oils and Fats - **Soybean Oil**: The current price in Jiangsu is 8450 yuan, up 50 yuan (0.60%); the futures price of Y2509 is 7736 yuan, unchanged; the basis of Y2509 is 714 yuan, up 50 yuan (7.53%); the spot basis in Jiangsu in June is 09 + 240; the warehouse receipt is 17552, unchanged [12]. - **Palm Oil**: The current price in Guangdong is 8820 yuan, up 20 yuan (0.23%); the futures price of P2509 is 8382 yuan, down 4 yuan (- 0.05%); the basis of P2509 is 438 yuan, up 24 yuan (5.80%); the spot basis in Guangdong in June is 09 + 300; the import cost of Guangzhou Port in September is 8898 yuan, up 21 yuan (0.24%); the import profit is - 516 yuan, down 25 yuan (- 5.09%); the warehouse receipt is 540, unchanged [12]. - **Rapeseed Oil**: The current price in Jiangsu is 9920 yuan, up 20 yuan (0.20%); the futures price of O1509 is 9397 yuan, up 46 yuan (0.49%); the basis of O1509 is 523 yuan, down 26 yuan (- 4.74%); the spot basis in Jiangsu in June is 09 + 180; the warehouse receipt is 100, unchanged [12]. Cotton - **Futures**: The price of cotton 2509 is 13495 yuan, down 30 yuan (- 0.22%); the price of cotton 2601 is 13515 yuan, down 12 yuan (- 0.11%); the price of ICE US cotton main contract is 66.76 cents/lb, up 0.19 cents (0.29%); the 9 - 1 spread is - 20 yuan, down 5 yuan (- 300.00%); the main contract position is 524982, down 936 (- 0.18%); the warehouse receipt is 10532, down 75 (- 1.62%); the effective forecast is 303, down 5 [13]. - **Spot**: The Xinjiang arrival price of 3128B is 14775 yuan, down 11 yuan (- 0.07%); the CC Index of 3128B is 14891 yuan, down 12 yuan (- 0.08%); the FC Index of M: 1% is 13438 yuan, unchanged; the basis of 3128B - 01 contract is 1269 yuan, up 19 yuan (1.52%); the basis of 3128B - 05 contract is 1249 yuan, up 4 yuan (0.32%) [13]. Eggs - **Futures**: The price of egg 09 contract is 3662 yuan/500KG, down 11 yuan (- 0.30%); the price of egg 07 contract is 2936 yuan/500KG, down 3 yuan (- 0.10%); the basis is - 691 yuan/500KG, up 55 yuan (7.39%); the 9 - 7 spread is 726 yuan, down 8 yuan (- 1.09%) [14]. - **Spot**: The egg - producing area price is 2.93 yuan/jin, up 0.06 yuan (1.92%); the price of egg - laying chicken chicks is 4.00 yuan/feather, down 0.10 yuan (- 2.44%); the price of culled chickens is 4.44 yuan/jin, down 0.12 yuan (- 2.63%); the egg - feed ratio is 2.24, down 0.09 (- 3.86%); the breeding profit is - 33.26 yuan/feather, down 5.38 yuan (- 19.30%) [14].
农产品周报:苹果交投转淡价稳为主,红枣生长关键期波动加大-20250622
Hua Tai Qi Huo· 2025-06-22 08:41
市场要闻与重要数据 期货方面,本周收盘苹果2510合约7731元/吨,环比上涨146元/吨,涨幅1.92%。据钢联数据,现货方面,山东 栖霞地区80#一二级现货价格8200元/吨,环比上周持平,现货基差AP10+469,环比下跌146元/吨。陕西延安地 区70#半商品现货价格9600元/吨,环比上周持平,现货基差AP10+1869,环比下跌146元/吨。 近期市场资讯,截至2025年6月18日,全国主产区苹果冷库库存量为116.49万吨,环比上周减少10.97万吨,走 货速度较上周基本持平,同比去年同期有所减缓,当前库存仍处于近五年低值。产区方面,周内主产区苹果交投 持续淡稳,季节性淡季影响明显,消暑类水果需求继续对苹果走货形成压制。分产区来看,本周山东产区整体行 情表现稳定,库内交易来看,目前客商数量不多且拿货积极性一般,性价比高的货源拿货为主, 整体走货不快。 现阶段交易集中于栖霞产区,以发市场为主,整体交易清淡。新季苹果套袋基本收尾,剩余少量大户尚未结束。 陕西产区交易仍集中于陕北地区,剩余货源较多,其余产区基本清库。周内主要以客商自行发前期自存货源为主, 库内交易有限,价格合适货源难寻,个别库中出现水 ...
光大期货农产品日报(2025年6月20日)-20250620
Guang Da Qi Huo· 2025-06-20 06:17
农产品日报(2025 年 6 月 20 日) 一、研究观点 | 品种 | 点评 | 观点 | | --- | --- | --- | | | 周四,玉米加权合约增仓上行,7 月合约主力资金向 9 月转移,9 月成为主力合 | | | | 约,期价围绕 2400 元关口波动,盘中价格突破上行。现货市场方面,小麦提价 | | | | 对玉米形成支撑。东北玉米价格表现较为坚挺,贸易商挺价较为明显,市场购销 | | | | 虽不活跃,但库存相对较少,并不影响贸易商的报价心态。华北地区玉米价格整 | | | | 体稳中偏强运行,但上涨幅度有限。山东深加工到货量维持低位,企业根据自身 | | | 玉米 | 情况窄幅调整,部分企业上调,只有个别企业价格窄幅下调,主流价格维持稳定。 | 上涨 | | | 河南深加工价格窄幅上调 10-20 元/吨。河北地区价格基本维持稳定。销区市场 | | | | 玉米价格整体稳定运行。近期市场关注进口玉米拍卖消息较多,涨价心态发生转 | | | | 变,市场高价成交一般,港口贸易商报价暂时稳定。技术上,玉米加权合约减仓 | | | | 调整结束后,周三开始持仓恢复增加。9 月合约关注主力多 ...
农产品日报:供应仍显宽松,猪价震荡运行-20250619
Hua Tai Qi Huo· 2025-06-19 05:15
农产品日报 | 2025-06-19 供应仍显宽松,猪价震荡运行 生猪观点 市场要闻与重要数据 期货方面,昨日收盘生猪 2509合约13835元/吨,较前交易日变动+20.00元/吨,幅度+0.14%。现货方面,河南地区 外三元生猪价格14.30元/公斤,较前交易日变动+0.02元/公斤,现货基差 LH09+465,较前交易日变动+0;江苏地 区外三元生猪价格 14.61元/公斤,较前交易日变动-0.02元/公斤,现货基差LH09+775,较前交易日变动-40;四川 地区外三元生猪价格13.85元/公斤,较前交易日变动-0.13元/公斤,现货基差LH09+15,较前交易日变动-150。 据农业农村部监测,6月18日"农产品批发价格200指数"为112.64,比昨天下降0.19个点,"菜篮子"产品批发价格指 数为112.64,比昨天下降0.22个点。全国农产品批发市场猪肉平均价格为20.24元/公斤,与昨天持平;牛肉63.80元/ 公斤,比昨天上升0.4%;羊肉59.87元/公斤,比昨天上升0.7%;鸡蛋7.15元/公斤,比昨天下降1.4%;白条鸡16.99 元/公斤,比昨天上升0.6%。 市场分析 综合来看, ...
蛋白数据日报-20250618
Guo Mao Qi Huo· 2025-06-18 05:07
投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 l数据已 国贸期货研究院 投资咨询号: Z0021658 农产品研究中心 黄向岚 从业资格号:F03110419 2025/6/18 | 指标 | | 6月17日 | 涨跌 | | 豆粕主力合约基差(张家港) | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 大连 | -24 | -29 | 2500 2000 | ===== 19/20 ===== 20/21 ===== 21/22 ===== 22/23 | | - 23/24 | 24/25 | | | 天津 日照 | -94 -124 | -29 | 1500 1000 | | | | | | 43%豆粕现货基差 | | | | | | | | | | | 张家港 | -154 | -29 | -500 | | | | | | (对主力合约) | | | | 09/21 | 10/22 11/22 12/23 01/23 02/23 03/25 04/25 05/26 06/26 07/27 | | | ...
农产品日报:苹果套袋工作陆续收尾,红枣购销相对清淡-20250618
Hua Tai Qi Huo· 2025-06-18 03:13
农产品日报 | 2025-06-18 苹果套袋工作陆续收尾,红枣购销相对清淡 苹果观点 近期市场资讯,苹果市场库内交易不温不火,整体询价客户不多,产区新季苹果套袋工作陆续收尾。西部产区客 商货源找货热度不高,个别冷库货源出现水烂点等质量问题,持货商整体惜售情绪减弱;山东产区大果及好果走 货一般,客商寻货不积极。销区市场市场走货一般,消暑类水果存在一定冲击。陕西洛川产区目前库内70#起步果 农统货4.2-4.5元/斤,70#起步半商品4.5-5.0元/斤,以质论价。 山东栖霞产区果农三级2.5-3元/斤,果农80#以上统 货3-3.5元/斤,80#一二级条纹4.0-4.5元/斤,80#一二级片红3.8-4.0元/斤。 市场分析 昨日苹果期价收涨,产区交易出现分化,正处淡季,总体来看市场需求一般,新季果套袋工作陆续收尾,果农出 售意愿或增强,关注走货是否好转及产区最新情况。苹果销售处于淡季,瓜果类及消暑类水果需求逐渐增加,苹 果走量下滑。目前产区处于套袋农忙阶段,看货客商数量减少,客商自行发货为主,走货明显放缓,因前期去库 节奏较快,目前走货速度慢于去年同期,少量持货商略存抗价惜售情绪;晚富士产区出库较期前略缓慢 ...
光大期货农产品日报-20250617
Guang Da Qi Huo· 2025-06-17 06:52
Research Views Corn - Monday saw corn reducing positions and adjusting, with the main funds of the July contract shifting to the September contract, which became the main contract. The futures price fluctuated around the 2400 yuan mark. The wheat price increase supported corn in the spot market. Last week, Northeast corn prices were mainly strong, and traders were reluctant to sell at lower prices. The purchase prices of deep - processing enterprises in the Northeast also increased. Over the weekend, North China corn prices were generally stable with a slight upward trend. Some Shandong deep - processing enterprises raised corn prices by 10 yuan/ton. The corn price in the sales area was stable. The high corn price limited downstream acceptance, and wheat substitution restricted corn's increase. Technically, corn's recent positions have been decreasing. After the long - position holders take profits, pay attention to whether the September price can break through 2400 yuan. Participate in short - term long positions with a light position. The view is "oscillation" [1]. Soybean Meal - On Monday, CBOT soybeans fell from their highs. Although the rise of US soybean oil was positive for soybean prices, rainfall in the production area was beneficial for crop growth, suppressing price increases. The crop report showed that the US soybean harvest was near the end, and the crops were growing well. Weak demand and sufficient global supply, along with abundant global wheat supply, dragged down soybean prices. In China, the sharp rise of edible oils made protein meals relatively weak, and capital adjustment of the oil - meal ratio pressured protein meals. Last week, domestic oil mills' soybean inventories decreased, soybean meal inventories increased, and unexecuted contracts decreased. The weekly soybean crushing exceeded 2.2 million tons, and the soybean meal inventory increased by 27,500 tons, with the inventory increase slowing down, indicating good terminal demand. Hold the 91 and 15 positive spreads of soybean meal and adopt a unilateral long - position strategy. The view is "oscillation and upward" [1]. Edible Oils - On Monday, BMD palm oil rose for the third consecutive day, following the rise of US soybean oil. The significant increase in the biodiesel blending target directly benefited soybean oil prices. High - frequency data showed that from June 1 - 15, Malaysian palm oil exports increased by 14.3% - 26.3% month - on - month, while production decreased by 4% month - on - month. In China, edible oils followed the upward trend, with palm oil leading the rise, followed by soybean oil, and rapeseed oil having a weaker increase. Last week, the inventory of the three major edible oils increased by 2.87% month - on - month. Domestic edible oil supply was sufficient. Pay attention to US biodiesel policies and crude oil. Participate in short - term trading, and buy September and sell January for soybean oil and palm oil. The view is "oscillation and upward" [1]. Eggs - On Monday, the main 2508 contract of egg futures strengthened after opening and then declined slightly at the end of the session, closing up 0.73% at 3582 yuan/500 kilograms. The 2509 contract adjusted narrowly, closing up 0.47%. The national egg price increased by 0.08 yuan/jin. In the short term, most egg prices in the production area increased, and in the sales area, procurement costs mostly increased. Terminal consumption improved, and traders generally followed the market. After the previous low egg prices, there was a slight rebound in the production area. However, considering the increasing supply before August and the adverse effects of the rainy season, the spot egg price is expected to be weak. It is recommended to wait and see, and pay attention to changes in farmers' culling willingness and feed raw material prices. The view is "oscillation" [1][2]. Live Pigs - On Monday, the pig price of the July contract increased, and the September contract was flat, with the price range moving up. The pig price in Henan increased, with the average slaughter price reaching 14.27 yuan/kg. The spot pig price stability supported the futures price. With the expected increase in the cost of corn and soybean meal, the price range of the September contract of live pigs moved up. Adopt a long - position strategy. The view is "upward" [2]. Market Information - In May, the value - added of industrial enterprises above designated size increased by 5.8% year - on - year and 0.61% month - on - month. From January to May, it increased by 6.3% year - on - year [3]. - China's macro - policies have effectively boosted consumption, production, and transformation and upgrading. The policy reserve is sufficient and can be adjusted according to the situation to support economic stability [3]. - Recently, imported soybeans have been arriving at ports intensively. As of the week ending June 13, the soybean crushing volume of domestic main oil mills was 2.26 million tons, up 10,000 tons week - on - week, 350,000 tons month - on - month, and 350,000 tons year - on - year. It is expected that the oil mills' operating rate will continue to rise, and the soybean crushing volume will be about 2.45 million tons this week [3]. - According to SGS, Malaysia's palm oil exports from June 1 - 15 were estimated to be 513,213 tons, a 14.3% increase from the same period last month [4]. Variety Spreads Contract Spreads - There are spread charts for contracts such as corn 9 - 1, corn starch 9 - 1, soybeans 9 - 1, soybean meal 9 - 1, soybean oil 9 - 1, palm oil 9 - 1, eggs 9 - 1, and live pigs 9 - 1 [5][6][8][9][13]. Contract Basis - There are basis charts for contracts such as corn, corn starch, soybeans, soybean meal, soybean oil, palm oil, eggs, and live pigs [14][15][19][20][26]. Research Team Members - Wang Na, the director of the agricultural product research at Everbright Futures Research Institute, has rich experience and many honors. Her futures trading consultation qualification number is Z0001262, and her email is wangn@ebfcn.com.cn [28]. - Hou Xueling, a soybean analyst at Everbright Futures, has more than ten years of futures experience and many honors. Her futures trading consultation qualification number is Z0013637, and her email is houxl@ebfcn.com.cn [28]. - Kong Hailan, a researcher on eggs and live pigs at Everbright Futures Research Institute, has relevant experience and honors. Her futures trading consultation qualification number is Z0013544, and her email is konghl@ebfcn.com.cn [28].
广发期货《农产品》日报-20250616
Guang Fa Qi Huo· 2025-06-16 08:43
| 业期现日报 | 投资咨询业务资格:证监许可 [2011] 1292号 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 王涛庭 | Z0019938 | 2025年6月16日 | | | | | | | | | | | 日期 | 6月13日 | 6月12日 | 张跃幅 | 狱跌 | | | | | | | | | 8130 | 8050 | 80 | 0.99% | 江苏一级 | 现价 | Y2509 | 7444 | 7394 | 50 | 0.68% | 期价 | | Y2509 | 686 | ୧୮୧ | 星差 | 30 | 4.57% | 09+270 | 09+270 | 现货墓差报价 | 江苏6月 | 0 | - | | 仓单 | 17552 | 17552 | 0 | 0.00% | 棕榈油 | | | | | | | | 6月13日 | 6月12日 | 涨跌 | 张跃幅 | 8350 | 2.16% | 广东24度 | 8530 | 180 | ...