1. Report Industry Investment Rating - The investment ratings for both the soybean and peanut industries are neutral [2][3] 2. Core Views - **Soybean**: The soybean futures showed wide - range fluctuations, and the downstream market's willingness to purchase was weak, resulting in inactive spot trading. The price remained stable. The demand for soy products decreased in summer, and there was no weather - induced production reduction in the soybean - producing areas [1] - **Peanut**: The peanut futures main contract fluctuated within a narrow range. The demand was weak, the supply quality was uneven, and the spot supply - demand was in a stalemate. As the new peanut season approached, the stalling situation continued, with some sellers reducing prices to lock in profits, while buyers were cautious. Attention should be paid to the weather in the producing areas [2] 3. Summary by Related Content **Soybean Market** - **Futures and Spot Market Data**: The closing price of the soybean 2509 contract was 4224.00 yuan/ton, up 7.00 yuan/ton (0.17%) from the previous day. The edible soybean spot basis was A09 + 76, down 7 (32.14%) from the previous day [1] - **Market Information**: Northeast traders' mentality was stable, and some areas' inventories were running out. The prices of standard - grade first - class soybean with 39% protein in Heilongjiang remained unchanged [1] **Peanut Market** - **Futures and Spot Market Data**: The closing price of the peanut 2510 contract was 8130.00 yuan/ton, down 12.00 yuan/ton (-0.15%) from the previous day. The average peanut spot price was 8680.00 yuan/ton, down 20.00 yuan/ton (-0.23%) compared to the previous period. The spot basis was PK10 + 70.00, up 12.00 (20.69%) from the previous period [2] - **Market Information**: The peanut spot price in the domestic market was stable with a downward trend. The demand was weak, and the supply - demand was in a stalemate. The rain in Henan was short - lived, and the drought in the south persisted [2]