农产品日报 | 2025-11-26 现货持续累库，豆粕宽幅震荡 粕类观点 市场要闻与重要数据 期货方面，昨日收盘豆粕2601合约3013元/吨，较前日变动+2元/吨，幅度+0.07%；菜粕2601合约2431元/吨，较前 日变动-15元/吨，幅度-0.61%。现货方面，天津地区豆粕现货价格3050元/吨，较前日变动+0元/吨，现货基差M01+37， 较前日变动-2；江苏地区豆粕现货2980元/吨，较前日变动+0元/吨，现货基差M01-33，较前日变动-2；广东地区豆 粕现货价格2970元/吨，较前日变动跌+0元/吨，现货基差M01-43，较前日变动-2。福建地区菜粕现货价格2610元/ 吨，较前日变动-20元/吨，现货基差RM01+179，较前日变动-5。 近期市场资讯，11月24日，巴西对外贸易秘书处公布的出口数据显示，巴西11月前三周出口大豆336.6万吨，日均 出口量为24万吨，较上年11月全月的日均出口量13.4万吨增加79%。上年11月全月出口量为255.3万吨。11月24日， 农业咨询机构AgRural表示，截至上周四，巴西2025/26年度大豆种植面积达到预期面积的81%。11月25日，美国农 ...

农产品日报 | 2025-11-25 郑棉期价震荡反弹，纸浆走势依旧承压 风险 宏观及政策风险、主产国天气 白糖观点 棉花观点 市场要闻与重要数据 期货方面，昨日收盘棉花2601合约13585元/吨，较前一日变动+125元/吨，幅度+0.93%。现货方面，3128B棉新疆 到厂价14574元/吨，较前一日变动+3元/吨，现货基差CF01+989，较前一日变动-122；3128B棉全国均价14793元/ 吨，较前一日变动-3元/吨，现货基差CF01+1208，较前一日变动-128。 近期市场资讯，据美国农业部（USDA）报告，11月14日至11月20日，美国2025/26年度棉花分级检验27.02吨，84.6% 的皮棉达到ICE期棉交割要求。其中陆地棉检验量为26.31万吨，皮马棉为0.70万吨。至同期，累计分级检验150.66 万吨，81.4%的皮棉达到ICE期棉交割要求。其中陆地棉检验量为147.82万吨，皮马棉为2.84万吨。 市场分析 昨日郑棉期价震荡反弹。国际方面，USDA报告大幅上调2025/26年度全球棉花产量，其中包括美国、中国和巴西 在内的主产国产量均有所调增；而全球棉花消费量仅微幅上调，使得 ...

农产品日报 | 2025-11-21 期货方面，昨日收盘棉花2601合约13465元/吨，较前一日变动-20元/吨，幅度-0.15%。现货方面，3128B棉新疆到 厂价14563元/吨，较前一日变动+6元/吨，现货基差CF01+1098，较前一日变动+26；3128B棉全国均价14791元/吨， 较前一日变动+12元/吨，现货基差CF01+1326，较前一日变动+32。 近期市场资讯，据商务部数据显示，印度2025年10月的服装出口额为10.69亿美元，同比减少12.88%，环比增加 7.11%。据棉花信息网最新调研数据显示，截至2025年11月17日，全疆棉花采摘进度约99.7%，环比增加1.2个百分 点，较去年同期慢0.3个百分点。 市场分析 昨日郑棉期价震荡收跌。国际方面，USDA11月月报重启发布，此次报告大幅上调美棉产量，2025/26年度全球棉 花产量、消费量以及期末库存较9月份均增加，整体调整方向偏空，数据发布后美棉期价应声下跌。由于当前北半 球新棉集中上市，阶段性供应压力仍在释放，而全球纺织终端消费仍疲软，产业端仍然缺乏明显的上行驱动，短 期外盘预计仍将承压运行，关注后期美棉出口目标的实现情况 ...

农产品日报 | 2025-11-20 郑棉期价小幅反弹，糖价走势依旧偏弱 棉花观点 市场要闻与重要数据 期货方面，昨日收盘棉花2601合约13485元/吨，较前一日变动+90元/吨，幅度+0.67%。现货方面，3128B棉新疆到 厂价14557元/吨，较前一日变动-1元/吨，现货基差CF01+1072，较前一日变动-91；3128B棉全国均价14779元/吨， 较前一日变动-10元/吨，现货基差CF01+1294，较前一日变动-100。 近期市场资讯，据巴基斯坦棉花种植者协会(PCGA)2025/26年度最新数据，截至11月15日，新年度籽棉累计上市量 折皮棉约为75.3万吨，较前两周增加6.5万吨，同比（75.9万吨）减少0.8%。其中，信德省籽棉上市量折皮棉约为41.7 万吨，同比（41.1万吨）增加1.5%；旁遮普省籽棉上市量折皮棉约为33.6万吨，同比（34.8万吨）减少3.4%。从已 上市棉花流向来看，巴基斯坦国内纱厂皮棉采购量约61.9万吨，出口约2.6万吨，剩余轧花厂未售出库存约10.8万吨。 市场分析 昨日郑棉期价震荡反弹。国际方面，USDA11月月报重启发布，此次报告大幅上调美棉产量，202 ...

棉花观点 农产品日报 | 2025-11-18 缺乏明显上涨驱动，板块整体承压运行 市场要闻与重要数据 期货方面，昨日收盘棉花2601合约13445元/吨，较前一日变动-5元/吨，幅度-0.04%。现货方面，3128B棉新疆到厂 价14579元/吨，较前一日变动-15元/吨，现货基差CF01+1134，较前一日变动-10；3128B棉全国均价14801元/吨， 较前一日变动-5元/吨，现货基差CF01+1356，较前一日变动+0。 近期市场资讯，据美国农业部（USDA）最新发布的11月份美棉供需预测报告，2025/26全美种植面积在5642.7万亩， 收获面积在4472.9万亩，弃耕率维持20.7%不变。单产预期68.7公斤/亩，较9月上调6.7%；产量预期上调至307.3万 吨，较9月调增19.4万吨。消费量预期37.0万吨，出口量预期265.4万吨，较9月调增4.4万吨。基于以上，期末库存 增加15.2万吨至93.6万吨。 市场分析 昨日郑棉期价震荡收跌。国际方面，USDA11月月报重启发布，此次报告大幅上调美棉产量，2025/26年度全球棉 花产量、消费量以及期末库存较9月份均增加，整体调整方向偏空，数 ...

| 油脂产业期现日报 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 【2011】1292号 2025年11月17日 | | | | 壬泽辉 | | Z0019938 | | 豆油 | | | | | | | | 11月14日 | | | 11月13日 | | 张跃 | 涨跌幅 | | 现价 江苏一级 | | 8590 | 8560 | | 30 | 0.35% | | 期价 Y2601 | | 8256 | 8316 | | -60 | -0.72% | | 墓差 Y2601 | | 334 | 244 | | 90 | 36.89% | | 现货墓差报价 江苏1月 | | 01+270 | 01+270 | | 0 | - | | 仓单 | | 24993 | 24993 | | 0 | 0.00% | | 棕榈油 | | | | | | | | 11月14日 | | | 11月13日 | | 张跌 | 张跌幅 | | 现价 广东24度 | | 8590 | 8570 | | 20 | 0.23% | | ...

农产品日报 | 2025-11-07 上下空间受限，板块延续震荡 棉花观点 市场要闻与重要数据 期货方面，昨日收盘棉花2601合约13605元/吨，较前一日变动-10元/吨，幅度-0.07%。现货方面，3128B棉新疆到 厂价14618元/吨，较前一日变动-9元/吨，现货基差CF01+1013，较前一日变动+1；3128B棉全国均价14820元/吨， 较前一日变动-5元/吨，现货基差CF01+1215，较前一日变动+5。 近期市场资讯，据印度当地有关机构消息，受上年度印度进口棉花明显放量影响，本年度（印度棉花年度 2025.10-2026.9）印度棉花期初库存预计增至103万吨左右，同比增约55%，有望刷新近五年高位。有关行业人士称， 在免税政策的加持之下，今年10-12月印度棉花进口量或在34万吨。 市场分析 昨日郑棉期价震荡收跌。国际方面，近期中美谈判取得实质性进展，关税进一步下降，推动美棉震荡走强。不过 对于后续中国能够采购多少美棉尚不明确，实际情况还需等待官方声明。受美国政府停摆影响，产业多项关键数 据仍推迟发布，基本面缺乏明确交易线索。不过当前北半球新棉集中上市，阶段性供应压力仍在释放，而美棉前 期 ...

Industry Investment Ratings No investment ratings for the industries are provided in the report. Core Views Pig Industry - Recently, the enthusiasm for secondary fattening has declined, the market supply is relatively loose, and the pig price has weakened. However, the overall slaughter progress in November will slow down, which may boost the pig price to some extent. Currently, the market has entered a range - bound pattern, and the 3 - 7 reverse spread can continue to be held [2]. Oil and Fat Industry - For palm oil, due to concerns about increased production and slowed exports, the futures price has further declined. It is necessary to pay attention to whether it can find support around 4000 ringgit and gradually stop falling and stabilize. Overall, it is expected to show a pattern of near - term weakness and long - term strength. For soybean oil, the fundamentals in the US are currently bearish, but the rapid rise of CBOT soybeans has boosted the CBOT soybean oil. In the domestic market, the supply is sufficient and the demand is weak, and the market may either rebound after a decline or directly rebound after a narrow - range oscillation [5]. Corn Industry - Currently, the concentrated supply of corn and the expected selling pressure limit the upward movement of the futures price, and the market is in a low - level oscillation. In the long - term, with low imports and resilient demand, and policy regulation, the price will be supported [6]. Meal Industry - China is expected to purchase 12 million tons of new - crop US soybeans this year, which has led to a sharp rise in the US soybean futures price. The domestic soybean and soybean meal inventories are at a high level, but the cost support is strengthening, and the domestic soybean meal is expected to show a strong trend. The domestic rapeseed meal inventory of oil mills is tightening, and the rapeseed meal price has risen sharply [8]. Cotton Industry - The purchase of seed cotton is approaching the end, and the cost of new cotton provides strong support for the cotton price. However, the price also faces hedging pressure, and the downstream demand is weak. In the short - term, the cotton price may oscillate within a range [10]. Sugar Industry - The expected increase in the supply surplus and the weakening of energy prices have led to a weak trend in the raw sugar price. However, as the sugar price is currently far below the Brazilian ethanol parity level, some sugar mills may reduce sugar production and increase ethanol production. It is expected that the raw sugar price will be supported around 14 cents per pound in the short - term, but will generally maintain a weak and oscillating trend. The domestic sugar price is also under pressure but is relatively resistant to decline [13]. Egg Industry - In the short - term, the egg market still faces a situation of oversupply, and the price may be in a dilemma of rising or falling. However, with the slow recovery of demand, the price may gradually transition from a stalemate to a slow increase, and it is expected to oscillate widely at the bottom, with a reference range of 2900 - 3300 [15]. Summary by Related Catalogs Pig Industry Futures Indicators - The main contract basis decreased by 32.12% to 465, the price of Live Pig 2605 decreased by 0.80% to 11800 yuan/ton, and the price of Live Pig 2601 decreased by 0.68% to 11735 yuan/ton. The 1 - 5 spread increased by 18.75% to - 65, the main contract position increased by 7.26% to 144679, and the warehouse receipts decreased by 10.19% to 185 [2]. Spot Prices - The spot prices in various regions generally decreased, with Henan down 300 yuan/ton to 12200 yuan/ton, Shandong down 200 yuan/ton to 12350 yuan/ton, etc. [2]. Spot Indicators - The daily slaughter volume of sample points increased by 0.73% to 158597, the weekly strip price remained unchanged at 18.47, the weekly piglet price decreased by 23.08% to 20 yuan/kg, the weekly sow price remained unchanged at 32.47 yuan/kg, the weekly slaughter weight decreased by 0.16% to 127.69 kg, the weekly self - breeding profit increased by 51.89% to - 89 yuan/head, the weekly purchased - piglet breeding profit increased by 37.83% to - 180 yuan/head, and the monthly fertile sow inventory decreased by 0.07% to 40350000 heads [2]. Oil and Fat Industry Palm Oil - The spot price in Guangdong decreased by 1.15% to 8600 yuan/ton, the futures price of P2601 decreased by 1.14% to 8664 yuan/ton, the basis remained unchanged at - 64, the warehouse receipts increased from 0 to 250, and the import cost decreased by 1.24% to 9123.6 yuan/ton, while the import profit increased by 2.97% to - 460 yuan/ton [5]. Soybean Oil - The price of Y2601 decreased by 0.22% to 8110 yuan/ton, the basis decreased by 4.41% to 260, and the warehouse receipts remained unchanged at 27644 [5]. Rapeseed Oil - The spot price in Jiangsu increased by 0.51% to 9800 yuan/ton, the futures price of OI601 increased by 0.51% to 9470 yuan/ton, the basis increased by 0.61% to 330, and the warehouse receipts remained unchanged at 7540 [5]. Spreads - The soybean oil 01 - 05 spread increased by 11.76% to 190, the palm oil 01 - 05 spread decreased by 16.00% to - 58, the rapeseed oil 01 - 05 spread increased by 37.37% to 386, the spot soybean - palm oil spread increased by 23.33% to - 230, the 2601 soybean - palm oil spread increased by 6.31% to - 802, the spot rapeseed - soybean oil spread increased by 5.93% to 1430, and the 2601 rapeseed - soybean oil spread increased by 5.10% to 1360 [5]. Corn Industry Corn - The price of Corn 2601 increased by 0.52% to 2141 yuan/ton, the basis increased to 9, the 1 - 5 spread decreased by 6.19% to - 103, the Shekou bulk grain price decreased by 0.88% to 2240 yuan/ton, the north - south trade profit decreased by 102.56% to - 1 yuan/ton, the import profit decreased by 8.29% to 259 yuan/ton, the number of remaining vehicles at Shandong deep - processing plants in the morning decreased by 9.25% to 628, the position decreased by 0.61% to 1761555, and the warehouse receipts remained unchanged at 63966 [6]. Corn Starch - The price of Corn Starch 2601 increased by 0.53% to 2453 yuan/ton, the basis decreased by 18.57% to 57 yuan/ton, the 1 - 5 spread increased by 2.78% to - 105, the 01 starch - corn spread increased by 0.65% to 312, the Shandong starch profit decreased by 49.17% to 61 yuan/ton, the position decreased by 0.09% to 280187, and the warehouse receipts decreased by 0.41% to 12453 [6]. Meal Industry Soybean Meal - The spot price in Jiangsu increased by 0.66% to 3040 yuan/ton, the futures price of M2601 increased by 0.17% to 3026 yuan/ton, the basis increased by 1500.00% to 14, the import crushing profit for US Gulf in January increased by 3.8% to - 661, the import crushing profit for Brazil in December decreased by 23.8% to - 307, and the warehouse receipts remained unchanged at 42332 [8]. Rapeseed Meal - The spot price in Jiangsu increased by 2.02% to 2520 yuan/ton, the futures price of RM2601 increased by 4.31% to 2491 yuan/ton, the basis decreased by 64.63% to 29, the import crushing profit for Canada in January increased by 32.60% to 659, and the warehouse receipts remained unchanged at 2955 [8]. Soybean - The spot price of Harbin soybeans remained unchanged at 3900 yuan/ton, the futures price of the main soybean contract decreased by 0.63% to 4076 yuan/ton, the basis increased by 12.87% to - 176. The spot price of imported soybeans in Jiangsu remained unchanged at 3940 yuan/ton, the futures price of the main soybean - 2 contract increased by 0.48% to 3738 yuan/ton, the basis decreased by 8.18% to 202, and the warehouse receipts increased by 2.07% to 7388 [8]. Spreads - The soybean meal 01 - 05 spread decreased by 5.29% to 197, the rapeseed meal 01 - 05 spread increased by 141.30% to 111, the spot soybean - oil ratio decreased by 1.01% to 2.75, the main - contract soybean - oil ratio decreased by 0.39% to 2.68, the spot soybean - rapeseed meal spread decreased by 5.45% to 520, and the 2601 soybean - rapeseed meal spread decreased by 15.48% to 535 [8]. Cotton Industry Futures Market - The price of Cotton 2605 increased by 0.07% to 13812 yuan/ton, the price of Cotton 2601 increased by 0.04% to 13600 yuan/ton, the price of ICE US cotton increased by 0.20% to 65.69 cents per pound, the 5 - 1 spread increased by 50.00% to 15 yuan/ton, the position of the main contract decreased by 0.73% to 573916, the number of warehouse receipts increased by 3.31% to 2494, and the effective forecast increased by 1.45% to 1465 [10]. Spot Market - The Xinjiang arrival price of 3128B decreased by 0.12% to 14656 yuan/ton, the CC Index of 3128B decreased by 0.01% to 14859 yuan/ton, the FC Index of M: 1% increased by 0.09% to 13242 yuan/ton, the 3128B - 01 contract spread decreased by 2.62% to 1041 yuan/ton, the 3128B - 05 contract spread decreased by 2.13% to 1056 yuan/ton, and the CC Index of 3128B - FC Index of M: 1% spread decreased by 0.80% to 1617 yuan/ton [10]. Industry Situation - The commercial inventory increased by 68.4% to 172.02 million tons, the industrial inventory decreased by 4.3% to 80.93 million tons, the import volume increased by 42.9% to 10 million tons, the bonded area inventory decreased by 25.0% to 0.3 million tons, the yarn inventory days increased by 1.6% to 25.24 days, the grey cloth inventory days increased by 1.0% to 31.43 days, the cotton outbound shipment volume increased by 22.6% to 53.46 million tons, the textile enterprise C32s immediate processing profit increased by 0.1% to - 1824.9 yuan/ton, the retail sales of clothing, footwear, and knitted textiles increased by 17.7% to 123.05 billion yuan, the export volume of textile yarns, fabrics, and products decreased by 3.4% to 11.967 billion US dollars, and the export volume of clothing and clothing accessories decreased by 12.0% to 12.453 billion US dollars [10]. Sugar Industry Futures Market - The price of Sugar 2601 increased by 0.29% to 5499 yuan/ton, the price of Sugar 2605 increased by 0.37% to 5433 yuan/ton, the price of ICE raw sugar increased by 1.80% to 14.68 cents per pound, the 1 - 5 spread decreased by 5.71% to 66 yuan/ton, the position of the main contract increased by 0.01% to 372791, the number of warehouse receipts decreased by 0.90% to 7462, and the effective forecast remained unchanged at 586 [12]. Spot Market - The Nanning spot price remained unchanged at 5750 yuan/ton, the Kunming spot price decreased by 0.26% to 5695 yuan/ton, the Nanning basis decreased by 5.93% to 317, the Kunming basis decreased by 11.78% to 262, the imported Brazilian sugar (in - quota) price decreased by 0.62% to 3990 yuan/ton, the imported Brazilian sugar (out - of - quota) price decreased by 0.65% to 5052 yuan/ton [12]. Industry Situation - The cumulative national sugar production increased by 12.03% to 11.1621 million tons, the cumulative national sugar sales increased by 9.17% to 10.48 million tons, the cumulative sugar production in Guangxi increased by 4.59% to 6.465 million tons, the monthly sugar sales in Guangxi decreased by 41.20% to 0.2666 million tons, the national cumulative sugar sales rate decreased by 2.60% to 93.9%, the cumulative sugar sales rate in Guangxi increased by 4.80% to 93.9%, the national industrial inventory decreased by 41.20% to 0.6821 million tons, the sugar industrial inventory in Guangxi increased by 62.90% to 0.4421 million tons, the sugar industrial inventory in Yunnan increased by 26.60% to 0.3365 million tons, and the sugar import volume increased by 37.50% to 0.55 million tons [12]. Egg Industry Futures and Spot Indicators - The price of the Egg 12 contract increased by 0.38% to 3158 yuan/500KG, the price of the Egg 01 contract increased by 0.87% to 3347 yuan/500KG, the egg - producing area price decreased by 2.15% to 2.88 yuan/jin, the basis decreased by 37.13% to - 278 yuan/500KG, the 12 - 01 spread decreased by 9.88% to - 189 [15]. Industry Indicators - The price of egg - laying chicken chicks increased by 5.66% to 2.8 yuan/chick, the price of culled chickens decreased by 4.20% to 4.11 yuan/jin, the egg - feed ratio increased by 1.28% to 2.38, and the breeding profit increased by 6.36% to - 24.44 yuan/chick [15].

Group 1: Report Industry Investment Ratings - No relevant content found Group 2: Core Views of the Report Pig Industry - Short - term pig prices may be supported. The current market has entered a range - bound pattern, and the 3 - 7 inverse spread can continue to be held [2] Oil and Fat Industry - Palm oil may gradually stop falling and stabilize around 4000 ringgit. US soybean oil fundamentals are currently bearish, but cost - side support exists. Domestic soybean oil supply is sufficient, and the market is in a multi - empty coexistence situation. Dalian palm oil futures are in a downward trend, and soybean oil may experience a rebound after a possible decline [5] Corn Industry - The corn market is currently in a low - level oscillation, with selling pressure limiting the upward movement. In the medium - to - long - term, it will be in a tight - balance pattern with policy support [6] Meal Industry - Domestic soybean meal is expected to show a strong upward trend, and rapeseed meal prices have risen significantly [8] Cotton Industry - Short - term cotton prices may oscillate within a range [10] Sugar Industry - International raw sugar prices are in a weak - oscillation trend, and domestic sugar prices are relatively resistant to decline, maintaining a low - level oscillation [12][13] Egg Industry - Short - term egg prices may be in a situation where they are difficult to rise or fall, and are expected to gradually transition to a slow - rising trend, with prices oscillating in a wide range at the bottom [15] Group 3: Summary by Related Catalogs Pig Industry - **Futures Indicators**: The main contract basis decreased by 32.12%, and the positions of the main contract increased by 7.26%. The prices of "Live Pig 2605" and "Live Pig 2601" decreased by 0.80% and 0.68% respectively [2] - **Spot Prices**: Spot prices in various regions decreased, with the largest decline in Hunan at 300 yuan/ton [2] - **Spot Indicators**: The daily slaughter volume of sample points increased by 0.73%, the weekly price of piglets decreased by 23.08%, and the self - breeding and purchased - piglet breeding profits increased by 51.89% and 37.83% respectively [2] Oil and Fat Industry - **Palm Oil**: The current price in Guangdong decreased by 1.15%, the futures price of "P2601" decreased by 1.14%, and the basis remained unchanged. The import cost decreased by 1.24%, and the import profit increased by 2.97% [5] - **Soybean Oil**: The current price in Jiangsu decreased by 0.36%, the futures price of "Y2601" decreased by 0.22%, and the basis decreased by 4.41% [5] - **Rapeseed Oil**: The current price in Jiangsu increased by 0.51%, the futures price of "OI601" increased by 0.51%, and the basis increased by 0.61% [5] Corn Industry - **Corn**: The futures price of "Corn 2601" increased by 0.52%, the Pingcang price in Jinzhou Port increased by 0.94%, and the 1 - 5 spread decreased by 6.19% [6] - **Corn Starch**: The futures price of "Corn Starch 2601" increased by 0.53%, the basis decreased by 18.57%, and the 1 - 5 spread increased by 2.78% [6] Meal Industry - **Soybean Meal**: The current price in Jiangsu increased by 0.66%, the futures price of "M2601" increased by 0.17%, and the basis increased by 1500.00%. The import profit of US Gulf soybeans increased by 3.8%, while that of Brazilian soybeans decreased by 23.8% [8] - **Rapeseed Meal**: The current price in Jiangsu increased by 2.02%, the futures price of "RM2601" increased by 4.31%, and the basis decreased by 64.63%. The import profit of Canadian rapeseed increased by 32.60% [8] Cotton Industry - **Futures Market**: The futures price of "Cotton 2605" increased by 0.07%, the price of ICE US cotton increased by 0.20%, and the 5 - 1 spread increased by 50.00% [10] - **Spot Market**: The Xinjiang arrival price of "3128B" decreased by 0.12%, and the CC Index of "3128B" decreased by 0.01% [10] - **Industry Situation**: Commercial inventory increased by 68.4%, industrial inventory decreased by 4.3%, and imports increased by 42.9% [10] Sugar Industry - **Futures Market**: The futures price of "Sugar 2601" increased by 0.29%, the price of ICE raw sugar increased by 1.80%, and the 1 - 5 spread decreased by 5.71% [12] - **Spot Market**: The Nanning price remained unchanged, and the Kunming price decreased by 0.26%. The basis in Nanning and Kunming decreased by 5.93% and 11.78% respectively [12] - **Industry Situation**: National sugar production increased by 12.03%, sales increased by 9.17%, and industrial inventory decreased by 41.20% [12] Egg Industry - **Futures Market**: The price of the "Egg 12 Contract" increased by 0.38%, and the price of the "Egg 01 Contract" increased by 0.87% [15] - **Spot Market**: The egg - producing area price decreased by 2.15%, and the basis decreased by 37.13% [15] - **Industry Indicators**: The price of egg - laying chicks increased by 5.66%, the price of culled chickens decreased by 4.20%, and the breeding profit increased by 6.36% [15]

农产品日报 | 2025-10-24 郑棉期价延续反弹，内外糖价走势分化 棉花观点 市场要闻与重要数据 期货方面，昨日收盘棉花2601合约13575元/吨，较前一日变动+40元/吨，幅度+0.30%。现货方面，3128B棉新疆到 厂价14652元/吨，较前一日变动+9元/吨，现货基差CF01+1077，较前一日变动-31；3128B棉全国均价14784元/吨， 较前一日变动+12元/吨，现货基差CF01+1209，较前一日变动-28。 近期市场资讯，据印度商务部数据显示，8月印度棉花进口量约为6.3万吨，环比（5.8万吨）增加8.4%，同比（4.7 万吨）增加33.9%。据澳大利亚当地行业机构消息，至10月初25年度棉花加工工作接近尾声，进度约95%；检验进 度约90%。根据最新统计数据显示，2025年9月份越南商品出口总额为426.7亿美元，环比下降1.65%。 市场分析 昨日郑棉期价延续震荡反弹。国际方面，受美国政府停摆影响，产业多项关键数据推迟发布，使得市场缺乏明确 交易线索，波动进一步放大。由于此前USDA对于部分国家的产量调整或尚未到位，新年度全球棉市供需格局预计 仍将趋于宽松。叠加当前北半球新棉集 ...