1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The soybean market is generally oversupplied, with Brazil having a bumper harvest and domestic crushing being average. The sugar market is expected to face a larger supply surplus in 2025/26. The short - term outlook for the palm oil market is to continue increasing production and inventory. The corn market is expected to have stable domestic spot prices and strong support for futures. The pig market has short - term supply pressure. The peanut market has limited upside potential due to expected increased planting area. The egg market has sufficient supply, and the apple market may be slightly weaker in the short term. The cotton market is mainly affected by macro factors [3][5][8][20][29][34][38][49][54][59] 3. Summary by Related Catalogs Soybean/M粕类 - **外盘情况**: CBOT大豆指数 rose 0.45% to 1057.75 cents per bushel, and CBOT豆粕指数 rose 0.33% to $302.2 per short ton [2] - **相关资讯**: Brazil's soybean production reached 169 million tons this year. Global rapeseed production may be about 800,000 - 900,000 tons less. Brazil launched a 28 - day avian influenza observation period. As of May 23, the actual soybean crushing volume of oil mills was 2.2093 million tons, with an operating rate of 62.1%. Soybean inventory increased by 9.71% week - on - week and 33.95% year - on - year, and 豆粕 inventory increased by 20.26% week - on - week and decreased by 80.47% year - on - year [2] - **逻辑分析**: The overall soybean supply is loose. Domestic oil mills have increasing operating rates, and there is a large inventory - building pressure in the future [3][5] - **交易策略**: Make small - scale long positions unilaterally. Do M11 - 1 positive spreads and widen MRM spreads in arbitrage. Sell wide - straddle strategies in options [6] Sugar - **外盘情况**: Closed [7] - **重要资讯**: In 2025/26, global sugar production is expected to reach 189.318 million tons, with a supply surplus of 11.397 million tons. Domestic spot sugar prices generally declined, and the spot trading was average. From January to April this year, the import of sugar cane at Zhangfeng Port in Yunnan increased by 16.8% year - on - year [8][9] - **逻辑分析**: Brazil is approaching the peak crushing period, and the short - term trend is expected to be weak. Domestic Zhengzhou sugar is expected to be weak in shock [11] - **交易策略**: View the market as weak in shock unilaterally. Wait and see in arbitrage. Sell wide - straddle options or out - of - the - money ratio spread options [12][13][14] Fats and Oils - **外盘情况**: CBOT US soybean oil was closed, and BMD Malaysian palm oil's main price dropped 0.26% to 3819 ringgit per ton [16] - **相关资讯**: From May 1 - 25, 2025, Malaysia's palm oil production increased by 0.73%. Malaysia's palm oil exports from May 1 - 25 increased by 7.3% compared to the same period last month. Brazil's 2024/25 soybean and corn production forecasts were raised. The EU's 2025 rapeseed yield forecast was lowered. Ukraine's 2025/26 rapeseed price rose, and the production forecast was slightly increased [17][18][19] - **逻辑分析**: In May, Malaysian palm oil is expected to continue increasing production and inventory. The inventory - building speed of domestic soybean oil may slow down, and the vegetable oil market has a pattern of oversupply [20] - **交易策略**: The short - term trend of fats and oils is expected to be in shock. Consider shorting palm oil at the upper edge of the range unilaterally. Consider widening YP 09 spreads at low prices and going long on OI 91 at low prices in arbitrage. Wait and see in options [21][22][23] Corn/Corn Starch - **外盘变化**: CBOT corn futures were closed, and the previous trading day's main contract dropped 0.3% [25] - **重要资讯**: In the US corn - producing states, 66.67% of the area is likely to have higher - than - normal temperatures in the next 6 - 10 days, and 39% of the area is likely to have lower - than - normal precipitation. As of May 24, the harvesting rate of Brazil's first - crop corn was 86.9%. Brazil's cumulative corn shipments were 37,200 tons. Some areas in Brazil have started harvesting the second - crop corn. The purchase price at the northern port and the price in the North China production area were stable [26][28] - **逻辑分析**: The US corn report is stable, and the sowing is accelerating. The domestic corn supply is relatively small, and the spot price is stable. The 07 corn contract is in low - level shock, and the basis is narrowing [29] - **交易策略**: The 07 corn contract on the outer market has support at around 440 cents per bushel. Try long positions on the 07 corn contract unilaterally. Do arbitrage operations on corn and starch, widen the spread at low prices, and hold long positions in corn and short positions in 07 corn in arbitrage. Consider the strategy of selling call options at high prices for those with spot goods in options [30][31] Pigs - **相关资讯**: Pig prices were generally weak. As of May 20, the prices of 7 - kg and 15 - kg piglets decreased, and the price of 50 - kg sows was stable. On May 23, the average wholesale price of pork in the national agricultural product market increased by 1.4% [33][34] - **逻辑分析**: The enthusiasm of farmers to sell pigs is relatively high, and the short - term supply pressure still exists [34] - **交易策略**: The market is expected to move in shock unilaterally. Do LH79 reverse spreads in arbitrage. Sell wide - straddle strategies in options [35] Peanuts - **重要资讯**: Peanut prices in different regions were stable. The arrivals and transaction prices of peanut oil mills in different places varied. Peanut oil prices were strong, and peanut meal sales were weak. As of May 22, the peanut inventory of domestic peanut oil sample enterprises increased, and as of May 23, the peanut oil inventory decreased [36][37] - **逻辑分析**: Peanut spot trading is still scarce. Although the price of new - season peanuts in Henan has risen, the expected increase in planting area limits the upside potential [38] - **交易策略**: Wait and see for the 10 - peanut contract unilaterally. Wait and see in arbitrage and options [39][40][41] Eggs - **重要资讯**: The average prices of eggs in the main production and sales areas decreased. Most of the national mainstream prices rose later. In April, the number of laying hens in production increased, and the number of hatched chicks also increased. The number of culled hens increased in the week of May 16, and the average culling age decreased. As of May 1, the egg sales volume in the representative sales areas increased. As of May 15, the inventory in the production and circulation links decreased. As of May 16, the average weekly profit per catty of eggs increased, and the expected profit per laying hen also increased [44][45][46] - **交易逻辑**: The overall egg supply is sufficient. After the egg price has fallen to the current level, it has shown signs of stability. It is recommended to close out previous short positions and wait and see [49] Apples - **重要资讯**: As of April 16, 2025, the apple cold - storage inventory in the main production areas decreased, and the inventory - removal speed was faster than the same period last year. From January to March 2025, the cumulative export volume of fresh apples increased by 9.5% year - on - year, and the cumulative import volume increased by 123.9% year - on - year. The apple market in the origin was stable, with storage merchants being active in selling and market merchants being cautious in purchasing. Apple prices in Shandong and Shaanxi were stable [50][51][53] - **交易逻辑**: The recent rainfall in Shaanxi has alleviated the drought. The market may revise its previous pessimistic expectations. Entering the off - season of apple consumption, the spot market sales have slowed down. However, the low inventory supports the spot price. The 2510 contract is expected to have limited downward space [54] - **交易策略**: Consider closing out short positions and waiting and seeing unilaterally. Do long positions on 08 and short positions on 09 in arbitrage. Wait and see in options [52] Cotton - Cotton Yarn - **外盘影响**: Closed [56] - **重要资讯**: As of May 20, the drought index in the US cotton - producing areas was at the five - year average level. As of May 16, the number of un - priced contracts of ICE cotton futures decreased. The domestic cotton spot trading was generally light, and the main basis was firm [57][58] - **交易逻辑**: The commercial inventory on the supply side has decreased significantly recently. The weather in the new - cotton producing areas has little impact on the growth of new cotton. The demand has improved due to the reduction of macro - tariffs, but there is no obvious increase in new orders in the off - season. The market is mainly dominated by macro factors [59] - **交易策略**: The US cotton is expected to be slightly stronger in shock, and Zhengzhou cotton is expected to move in shock. Wait and see in arbitrage and options [60][61]

1. Report Industry Investment Ratings No relevant content found. 2. Core Views of the Reports Oils and Fats - Palm oil: SPPOMA's sharp decline in the first 25 - day production increase and the growth in the first 25 - day exports will limit the downside of the market, but the domestic Dalian palm oil futures will maintain a weak and volatile trend due to weak Malaysian palm oil performance and rising domestic port inventories [1]. - Soybean oil: The fundamentals are deteriorating. The domestic soybean arrival is large, the factory's开机率 is rising, and the inventory is increasing. Spot soybean oil will continue to be weaker than futures, and the basis quote is expected to decline [1]. Meal - Two - meal futures in the domestic market are fluctuating. The spring sowing of US soybeans is progressing smoothly, and the supply pressure from Brazil is being realized. The domestic soybean arrival will be abundant in the future, but the oil mill's meal inventory is low, and the basis is at a low level. The two - meal is expected to maintain a fluctuating structure [2]. Live Pigs - The spot price of live pigs has rebounded. Although the improvement in supply and demand is limited, due to the reduction in the supply of breeding groups at the end of the month and the pre - Dragon Boat Festival stocking demand, the price has rebounded slightly. The 09 contract has rebounded following the spot, and the market is expected to neither fall sharply nor have strong upward momentum [4][5]. Corn - The short - term corn market is trading quietly, with no obvious unilateral driving force, and will maintain a narrow - range fluctuation. The market is more concerned about the wheat listing and price changes. In the long - term, the tightening supply and increased breeding demand will support the price [7]. Sugar - The supply outlook for the 25/26 sugar season is optimistic, and the raw sugar is expected to fluctuate weakly, with a risk of falling below 17 cents/lb. The domestic sugar price is expected to maintain a weak and volatile trend due to the expected increase in future imports [10]. Cotton - The downstream of the cotton industry has rigid demand resilience, and the spot basis of raw - material cotton is firm, providing strong support for the price. However, the long - term demand expectation is not strong, and there is no strong upward driving force. The domestic cotton price is expected to fluctuate within a range in the short - term [12]. Eggs - The national egg supply is relatively sufficient, which has a certain negative impact on the price. The demand may first decrease and then increase, which is the main factor affecting the price fluctuation. The national egg price may first fall and then rise this week, with a small adjustment range [13]. 3. Summary by Related Catalogs Oils and Fats - **Soybean oil**: On May 26, the spot price in Jiangsu was 8120 yuan/ton, down 0.61% from May 23; the futures price of Y2509 was 7530 yuan/ton, down 0.53%; the basis was 590 yuan/ton, down 1.67%. The inventory is increasing, and the basis is expected to decline [1]. - **Palm oil**: On May 26, the spot price of 24 - degree palm oil in Guangdong was 8520 yuan/ton, down 0.93% from May 23; the futures price of P2509 was 7920 yuan/ton, down 0.43%; the basis was 600 yuan/ton, down 7.12%. The domestic futures market is weak and volatile [1]. - **Rapeseed oil**: On May 26, the spot price of Grade 4 rapeseed oil in Jiangsu was 9610 yuan/ton, unchanged from May 23; the futures price of 01509 was 9026 yuan/ton, down 0.44%; the basis was 584 yuan/ton, up 7.35% [1]. - **Spreads**: The soybean - palm oil spread and the rapeseed - soybean oil spread have changed to varying degrees, reflecting the relative price relationship between different varieties [1]. Meal - **Soybean meal**: The spot price in Jiangsu was 2940 yuan/ton, down 0.68% from the previous value; the futures price of M2509 was 2950 yuan/ton, down 0.07%; the basis was - 10 yuan/ton, down 225.00%. The cost of domestic soybean meal is under pressure due to Brazilian supply [2]. - **Rapeseed meal**: The spot price in Jiangsu was 2510 yuan/ton, up 0.40% from the previous value; the futures price of RM2509 was 2566 yuan/ton, up 0.39%; the basis was - 56 yuan/ton, unchanged [2]. - **Spreads**: The spreads between different contracts of soybean meal and rapeseed meal, as well as the oil - meal ratio and the soybean - rapeseed meal spread, have all changed [2]. Live Pigs - **Futures**: The main contract price was 830 yuan/ton, up 8.50%; the price of live pigs 2507 was 13260 yuan/ton, up 0.42%; the price of live pigs 2509 was 13600 yuan/ton, up 0.63% [4]. - **Spot**: The spot prices in various regions have rebounded to varying degrees. The sample - point slaughter volume increased by 1.42%, the white - strip price decreased by 100.00%, and the self - breeding and purchased - piglet breeding profits decreased [4]. Corn - **Corn**: The price of corn 2507 was 2318 yuan/ton, down 0.39%; the import profit increased by 2.80%. The market is affected by factors such as wheat and supply and demand [7]. - **Corn starch**: The price of corn starch 2507 was 2653 yuan/ton, down 0.38%; the basis increased by 37.04%. The profit of Shandong starch decreased by 6.49% [7]. Sugar - **Futures**: The price of sugar 2601 increased by 0.11%, the price of sugar 2509 increased by 0.03%, and the ICE raw - sugar main contract decreased by 0.40% [10]. - **Spot**: The spot prices in Nanning and Kunming changed slightly. The national sugar production and sales increased year - on - year, while the industrial inventory decreased [10]. Cotton - **Futures**: The price of cotton 2509 was 13385 yuan/ton, down 0.19%; the price of cotton 2601 was 13435 yuan/ton, down 0.19% [12]. - **Spot**: The spot prices in Xinjiang and other regions changed slightly. The commercial and industrial inventories decreased month - on - month, and the export volume of textile products changed to varying degrees [12]. Eggs - **Futures**: The price of the egg 09 contract was 3766 yuan/500KG, up 0.11%; the price of the egg 06 contract was 2762 yuan/500KG, up 0.22% [13]. - **Spot**: The egg - producing area price decreased by 0.19%, and the base increased by 42.40%. The egg - chicken chick price was unchanged, and the culled - chicken price decreased by 1.92% [13].

Report Industry Investment Ratings - Bean One: No clear rating [1] - Bean Meal: ☆☆☆ [1] - Bean Oil: No clear rating [1] - Palm Oil: No clear rating [1] - Rapeseed Meal: No clear rating [1] - Rapeseed Oil: ★☆★ [1] - Corn: No clear rating [1] - Live Pigs: ★☆★ [1] - Eggs: ★☆★ [1] Core Views - The soybean market is affected by factors such as policy, weather, and supply. The rapeseed market lacks trend - driving factors but has a bullish strategy. The corn market will fluctuate. The live pig market is under supply pressure, and the egg market is bearish in the long - term [2][3][5][6][7][8] Summary by Related Contents Soybeans - Domestic soybean futures fluctuate repeatedly, with local reserve soybean auctions resulting in no sales. The policy - driven trading volume is small. Imported soybeans face the pressure of large - scale arrivals from May to July, and weather will be a key factor in both domestic and overseas markets [2] - The drought - affected area of US soybeans has shrunk, with about 16% of the planting area affected as of May 20, compared to 17% the previous week and 6% last year. The domestic spot market has stabilized, and the supply has become more abundant. The competitiveness of Brazilian soybeans has increased, and there are still many uncertainties in Sino - US trade [3] Bean Meal - The Dalian bean meal main contract continued to close higher. The domestic spot market has stabilized, and the supply has become more abundant since May. There are many uncertainties in Sino - US trade, and the market lacks a continuous upward - driving force [3] Bean Oil and Palm Oil - The US House of Representatives has passed the 45Z amendment bill, which may increase the demand for domestic raw materials in North America, increase US soybean crushing, and reduce US soybean exports. Palm oil is in the production - increasing cycle overseas and faces the pressure of increased arrivals in China from May to June. The prices of bean oil and palm oil are expected to fluctuate within a range [3] Rapeseed Meal and Rapeseed Oil - Rapeseed - related futures contracts mainly fluctuated with small daily price changes. The sowing of Canadian rapeseed is advancing, and as of May 19, 58% of the rapeseed in Saskatchewan has been sown. The supply of oilseeds in China is expected to be abundant in the second quarter, and the strategy is still bullish [5] Corn - Corn futures rebounded slightly after hitting the bottom this week. The spot price of corn in Northeast China continued to decline slightly, and the supply in Shandong decreased. After the transfer of grain ownership, the market - circulating grain is still in the trading link. Starch enterprises have had long - term losses, with a recent decline in operating rates and a slight recovery in profits. The market will fluctuate in the next stage [6] Live Pigs - Live pig futures continued to hit new lows, and the spot price was under pressure due to the accelerated slaughter rate. In the medium - to - long - term, the supply of live pigs will recover, and the spot price is expected to decline, which may put downward pressure on the futures price [7] Eggs - The spot price of eggs across the country generally declined, and the near - month June contract continued to hit new lows. In the short - term, it is necessary to pay attention to whether the price can stop falling and stabilize during the Dragon Boat Festival stocking period. In the medium - term, the industry's production capacity is expected to increase until the end of September. In the long - term, the egg price is bearish [8]

Industry Investment Rating No relevant information provided. Core Viewpoints - The agricultural product sector shows mixed performance. Palm oil, apples, and pigs are under downward pressure, while soybeans are rising, and cotton remains stable. The performance of each variety is affected by factors such as supply and demand, weather, and international trade policies [1][2][4] Summary by Variety Palm Oil - The palm oil market is under pressure due to factors such as increased production, rising inventories, and falling crude oil prices. The 2509 contract has reversed and fallen sharply, and the strategy is to hold a light - short position [1][2] Soybean Meal - The soybean meal market is driven by external markets, but the expected increase in domestic soybean arrivals and inventory may limit its upward space. The 2509 contract is oscillating upward, and short - term trading is recommended [4] Soybean Oil - The soybean oil market is affected by falling crude oil prices and increased domestic supply. The 2509 contract has fallen sharply, and the strategy is to sell at high prices [6] Corn - The corn market has rebounded technically, but the upcoming large - scale arrival of new wheat and the substitution effect may resist the rebound. The 2507 contract has rebounded from a low level, and short positions should be closed [9] Pig - The pig market is under pressure due to capacity release and weak demand. The 2509 contract has continued to fall, and the strategy is to hold a light - short position [10][12] Cotton - The cotton market is supported by the reduction of Sino - US tariffs and good export data, but downstream demand has not fully recovered. The 2509 contract is fluctuating at a high level, and a light - long position is recommended [13][15] Sugar - The domestic sugar market has strong production and sales, but the upcoming increase in imports may put pressure on prices. The 2509 contract is oscillating, and short - term trading is recommended [16] Egg - The egg market is facing pressure due to high inventory and weak demand. The 2507 contract is oscillating at a low level, and a light - short position is recommended [18] Apple - The apple market is affected by slowed sales and the impact of seasonal fruits. The 2510 contract has continued to fall sharply, and a light - short position is recommended [21] Peanut - The peanut market is supported by pre - holiday stocking and reduced imports. The 2510 contract has pulled back after rising, and a light - long position is recommended [22][24]

Report Industry Investment Rating - Both the apple and红枣 industries are rated as neutral [3][8] Core Viewpoints - For the apple industry, the current spot price is relatively firm due to low inventory and few low - price fruits. However, the terminal demand has decreased with the rise in temperature and the listing of seasonal fruits. The new - season apple's fruit - setting is uneven, and future weather will greatly affect the production forecast. In the short term, the futures and spot prices will fluctuate [2][3] - For the红枣 industry, the current absolute price is at a low level, and it is in the critical growth period of new - season jujubes. The market is affected by the end of Dragon Boat Festival stocking, with overall light trading. The new - season growth has potential risks due to over - exhaustion in the 2024 season, and the growth situation during the flowering and fruit - setting stage may bring market opportunities. In the short term, the price will be in a volatile state [7][8] Summary by Related Catalogs Apple Market News and Important Data - Futures: The closing price of the apple 2510 contract yesterday was 7,672 yuan/ton, a change of - 112 yuan/ton or - 1.44% from the previous day. Spot: The price of Shandong Qixia 80 first - and second - grade late Fuji was 4.10 yuan/jin, unchanged from the previous day, with a spot basis of AP10 + 528, a change of + 112 from the previous day. The price of Shaanxi Luochuan 70 and above semi - commodity late Fuji was 4.80 yuan/jin, unchanged from the previous day, with a spot basis of AP10 + 1928, a change of + 112 from the previous day [1] Market Analysis - The apple futures price closed lower yesterday. During the busy farming season, cold - storage packaging was slow, and the overall sales slowed down. The listing of seasonal fruits affected the consumption demand for apples. The new - season apple's fruit - setting is uneven, and extreme weather has affected the fruit - setting rate. The specific data will be clear after bagging [2] Strategy - Adopt a neutral strategy. In the short term, consider the futures and spot prices to fluctuate [3] Red Dates Market News and Important Data - Futures: The closing price of the red dates 2509 contract yesterday was 9,090 yuan/ton, a change of - 30 yuan/ton or - 0.33% from the previous day. Spot: The price of first - grade gray jujubes in Hebei was 8.30 yuan/kg, unchanged from the previous day, with a spot basis of CJ09 - 790, a change of + 30 from the previous day [4] Market Analysis - The red dates futures closed lower yesterday. The Dragon Boat Festival stocking is coming to an end, with overall light trading in the market. The current futures and spot prices are at historical lows. The new - season growth has potential risks due to over - exhaustion in the 2024 season, and the growth situation during the flowering and fruit - setting stage may bring market opportunities [7] Strategy - Adopt a neutral strategy. Continuously monitor the market opportunities brought by the impact of over - exhaustion in the 2024 season and weather changes on the growth of new - season jujubes. In the short term, the price will be affected by the Dragon Boat Festival stocking and remain volatile [8]

2025年05月22日 国泰君安期货商品研究晨报-农产品 观点与策略 | 棕榈油：产地风险仍存，震荡探底 | 2 | | --- | --- | | 豆油：豆系驱动偏弱，区间震荡 | 2 | | 豆粕：阿根廷洪灾担忧、美豆收涨，连粕反弹 | 4 | | 豆一：现货稳定，盘面震荡 | 4 | | 玉米：震荡运行 | 6 | | 白糖：震荡偏强 | 7 | | 棉花：震荡走势缺乏明显驱动 | 8 | | 鸡蛋：等待老鸡淘汰驱动 | 10 | | 生猪：情绪偏弱，或阶段性去库 | 11 | | 花生：有所回落 | 12 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 期货研究 商 品 研 究 2025 年 5 月 22 日 | | | 棕榈油：产地风险仍存，震荡探底 豆油：豆系驱动偏弱，区间震荡 | | | 【基本面跟踪】 油脂基本面数据 | | | 单 位 | 收盘价 (日盘） | 涨跌幅 | 收盘价 （夜盘） | 涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | | 棕榈油主力 | 元/吨 | 8,104 | -0.02% | ...

农产品日报 | 2025-05-21 苹果走货一般，红枣端午备货近尾声 苹果观点 市场要闻与重要数据 期货方面，昨日收盘苹果2510合约7784元/吨，较前一日变动+29元/吨，幅度+0.37%。现货方面，山东栖霞80# 一 二级晚富士价格4.10元/斤，较前一日变动+0.00元/斤，现货基差AP10+416，较前一日变动-29；陕西洛川70# 以上 半商品晚富士价格4.80元/斤，较前一日变动+0.00元/斤，现货基差AP10+1816，较前一日变动-29。 近期市场资讯，苹果库内货源主流交易以稳为主，农忙阶段包装不快，整体走货速度较前一般，多以前期包装货 源发运为主。西部产区客商货源交易稳定，现货商拿货尚可，存货商有序发市场为主；山东产区低价货源找货相 对较多，价格略硬；好货行情维持稳定，客商按需采购。销区市场市场走货尚可，下游批发商维持按需拿货，中 转库基本无积压。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. ...

| 油脂产业期现日报 | 投资咨询业务资格:证监许可 [2011] 1292号 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Z0019938 | 土浅旋 | 2025年5月21日 | | | | | | | | | | | 原田 | 5月20日 | 5月19日 | 涨跌 | 涨跌幅 | | | | | | | | | 8280 | 8260 | 20 | 0.24% | 江苏一级 | 现价 | Y2509 | 7662 | 7910 | -248 | -3.14% | 期价 | | 基差 | 618 | 350 | 76.57% | Y2509 | 268 | 09+350 | 09 + 360 | 现货墓差报价 | -10 | 江苏5月 | - | | 14602 | 14602 | 仓单 | 0 | 0.00% | 棕榈油 | | | | | | | | 5月19日 | 5月20日 | 涨跌 | 涨跌幅 | 80 | 广东24度 | 8650 | 8570 ...

农产品日报 | 2025-05-21 油厂开机回升，豆粕低位震荡 粕类观点 市场要闻与重要数据 期货方面，昨日收盘豆粕2509合约2889元/吨，较前日变动+3元/吨，幅度+0.10%；菜粕2509合约2510元/吨，较前 日变动+1元/吨，幅度+0.04%。现货方面，天津地区豆粕现货价格2950元/吨，较前日变动-20元/吨，现货基差M09+61， 较前日变动-23；江苏地区豆粕现货2850元/吨，较前日变动-10元/吨，现货基差M09-39，较前日变动-13；广东地区 豆粕现货价格2880元/吨，较前日变动跌+10元/吨，现货基差M09-9，较前日变动+7。福建地区菜粕现货价格2430 元/吨，较前日变动+0元/吨，现货基差RM09-80，较前日变动-1。 近期市场资讯，美国农业部周度出口检验报告显示，截至2025年5月15日当周，美国大豆出口检验数量为21.8万吨， 远低于市场预期的42.5万吨，较一周前减少50%，但是比去年同期增长13%。迄今为止，2024/25年度美国大豆出口 检验总量4413万吨，同比增长11.1%，达到了全年出口目标的87.7%。5月19日，巴西植物油行业协会发布报告，将 20 ...

农产品日报 | 2025-05-20 苹果受替代果品挤压，走货有所放缓 苹果观点 市场要闻与重要数据 期货方面，昨日收盘苹果2510合约7755元/吨，较前一日变动-5元/吨，幅度-0.06%。现货方面，山东栖霞80# 一二 级晚富士价格4.10元/斤，较前一日变动+0.00元/斤，现货基差AP10+445，较前一日变动+5；陕西洛川70# 以上半 商品晚富士价格4.80元/斤，较前一日变动+0.00元/斤，现货基差AP10+1845，较前一日变动+5。 近期市场资讯，苹果库内货源主流交易平稳，整体走货速度较前一般，多以前期包装货源发运为主。西部产区客 商货源交易稳定，现货商拿货尚可，存货商有序发市场为主；山东产区低价货源找货相对较多，价格略硬；好货 行情维持稳定，客商按需采购。销区市场市场走货尚可，下游批发商维持按需拿货，中转库基本无积压。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 ...