| | 指标 | 6月9日 | 涨跌 | | | 豆粕主力合约基差(张家港) | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 43%豆粕现货基差 | 大连 | -39 | 11 | 2500 1000 | | == | | | - 24/25 | | | | | | 2000 | | | | | | | | 天津 | -79 | 11 | 1500 | | | | | | | | 日照 | -139 | 31 | 500 | | | | | | | (对主力合约) | 张家港 | -119 | -9 | -500 09/21 10/22 | | | | | | | | 东莞 | -159 | 31 | | | M9-M1 | | | | | | 湛江 | -119 | 11 | ------ 2019/20 1000 | | ----- 2020/21 | ----- 2021/22 | | == | | | | | | 800 600 | | | | | | | | 防城 | -119 | 21 | 400 | ...

Report Summary 1. Report Industry Investment Rating - No information provided 2. Core View of the Report - Forecasts suggest the US soybean - producing regions will be dry in the next two weeks, which is expected to facilitate sowing. Brazilian soybean premiums are weak, with far - month contracts relatively firm. In China, a large amount of soybeans are expected to arrive in the second quarter. Domestic oil mills are expected to gradually resume crushing after the May Day holiday, leading to a stock - building cycle for soybean meal. As the pressure on spot supply increases, the basis is expected to continue to adjust. The futures market is expected to remain range - bound and weak in the short term, awaiting further release of spot pressure [6] 3. Summary by Related Catalogs 3.1 Basis Data - For 43% soybean meal spot basis on May 7th: in Dalian it was 530 with a 65 increase; in Tianjin 380 with a 115 increase; in日照 it was 200 with a 35 decrease; in张家港 280 with a 5 decrease; in Dongguan 380 with a 65 increase; in Zhanjiang 380 with a 5 decrease; in Fangcheng 360 with a 25 increase. The rapeseed meal spot basis in Guangdong was - 114 with a 17 decrease [4] 3.2 Spread Data - The spot spread between soybean meal and rapeseed meal in Guangdong was 849 with a 70 increase, and the futures spread of the main contract was 355 with a 12 decrease. The N9 - 1 spread was - 41 with an 8 increase, and the RM9 - 1 spread was 1200 with a 220 increase [5] 3.3 International and Inventory Data - The US dollar - to - RMB exchange rate was 7.1761 with a 10 decrease. The soybean CNF premium was 213.00 cents per bushel. The futures crushing profit was 137 yuan per ton. Regarding inventory, data on national major oil mills' soybean inventory, Chinese port soybean inventory, national major oil mills' soybean meal inventory, and feed enterprises' soybean meal inventory were presented, along with trends in national major oil mills' operating rates and soybean crushing volumes [5]