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花生周报:现货偏弱调整,期货震荡筑底-20250714
Zheng Xin Qi Huo· 2025-07-14 13:10
Report Industry Investment Rating - Not provided Core Viewpoints of the Report - Spot prices are weakly adjusted, and futures are oscillating to build a bottom. The overall trading in the producing areas is light this week, with the transaction center moving down. New peanut planting area is expected to increase slightly, and the total output is expected to remain high. Spot prices are likely to oscillate weakly in the short term, and the long - term market depends on weather and demand. Futures prices are unlikely to decline significantly in the medium and short term and may enter a bottom - oscillating phase. Appropriate strategies include building a futures - options covered strategy and an insurance strategy for trend traders [6]. Summary by Relevant Catalogs 1. Main Views - The overall trading in peanut producing areas is light, with the transaction center moving down. Some holders are more willing to sell, but downstream procurement is weak. New peanut planting area increases slightly, and the total output is expected to be high. Spot prices may oscillate weakly in the short term, and long - term market depends on weather and demand. Futures prices are unlikely to decline significantly in the medium and short term, suitable for building specific strategies [6]. 2. Market Review 2.1 This week - Peanut weighted index oscillates weakly and reaches the lower edge of the range, finding temporary support. The oilseed sector breaks through the upper edge of the range and then oscillates narrowly. In the short - term market, peanuts are stronger than oils [10]. 2.2 2510 Contract - The 10 - main contract rose to the upper edge of the range after falling below the lower edge last week. If the price continues to rise, the market may develop into an uptrend [14]. 3. Fundamental Analysis 3.1 Oil Mill Inventory and Operating Rate - Peanut oil weekly inventory is 39,290 tons, a decrease of 120 tons from the previous month, and the oil mill operating rate is 4.21%, a decrease of about 0.53% from last week [17]. 3.2 Peanut Commodity Price (Baisha) - The transaction prices of Baisha peanuts in Henan and Northeast China are chaotic. Some low - quality sources have low quotes, while high - quality cold - stored sources are relatively resistant to price drops. The overall trading is light [20]. 3.3 Peanut Oil Price Trend - The average price of first - grade ordinary peanut oil in the main producing areas this week is 15,000 yuan/ton, basically the same as last week [22]. 3.4 Peanut Meal Price Trend - Peanut meal, rapeseed meal, and soybean meal prices maintain an oscillating pattern [26]. 3.5 Imported Peanut Quantity and Price - There are few imported peanuts. Sudanese refined peanuts are scarce, and no new peanuts have arrived at the port. Import prices are stable, and the procurement of Senegalese sources is limited [28]. 3.6 Market Price Index Compared with Last Month - In the wholesale market, peanut prices are mainly negotiated, and the overall transaction price is relatively stable [32]. 4. Spread Tracking 4.1 Basis Spread - Not elaborated in detail in the text, only a chart of peanut - Baisha basis is provided [34]
深交所投教丨深交所ETF投资问答第40期:如何运用ETF构建中低风险组合?(下)
深圳证券交易所 SHENZHEN SHENZHEN STOCK EXCHANGE 000 深交所ETF投资问答(40) t = " 871 8 1 2012 3: 000 编者按 - - 近年来我国指数型基金迅速发展,交易型开 放式指数基金(ETF) 备受关注。为帮助广 大投资者系统全面认识ETF,了解相关投资 方法,特摘编由深圳证券交易所基金管理部 编著的《深交所ETF投资问答》(中国财政 经济出版社2024年版)形成图文解读。本 篇是第40期,为大家讲解第三种运用ETF构 建中低风险组合策略。 近年来,"固收+部分权益投资"公募 基金等中低风险策略的基金产品获得 ............. 了投资者的青睐。本期为大家讲解运 用ETF构建中低风险组合策略三: (여PPI CPPI模型 I CPPI意型 I CPPI模型即固定比例投资组合保险策 略, 简单来说,就是根据市场波动来 调整高风险资产在投资组合中的比重, 使得投资组合在一段时间后的收益率 不低于目标值,并在此基础上获取部 分超额收益。 cppl模型运行流星 确定 配置 西 低风险资产 风险资产 收益目标 投资者在确定收益目标后,可以先配 置低风险资 ...
MGIC Investment (MTG) - 2024 Q4 - Earnings Call Transcript
2025-02-04 16:00
MGIC Investment (MTG) Q4 2024 Earnings Call February 04, 2025 10:00 AM ET Company Participants Dianna Higgins - SVP - Investor RelationsTim Mattke - Chief Executive OfficerNathan Colson - Chief Financial OfficerBose George - Managing DirectorGeoffrey Dunn - Partner Conference Call Participants Terry Ma - Senior Equity Research AnalystMihir Bhatia - Equity Research AnalystDouglas Harter - Equity Research AnalystScott Heleniak - Equity Analyst Operator Good day, ladies and gentlemen, and thank you for standin ...