后续10-15天的天气情况来看，河南整体降雨依旧较多，受西太平洋副热带高压边缘暖湿气流和低涡切 变线的共同影响，10日夜里至11日河南有一次大范围强降水过程，主要强降水时段在11日。11日的降雨 主要集中在安阳东部、鹤壁、濮阳南部、济源、焦作、新乡和黄淮之间部分县（市、区）有暴雨、大暴 雨。需防范农田渍涝情况，13日至14日为降水间歇期；15日至21日河南省仍多降水过程。 新作上市遇连续降雨天气降导致新粮上市难以提速，对于玉米质量情况也有影响。除了豫南区域玉米质 量良莠不一之外，上市时间稍晚的豫北区域，新季玉米仍在生长阶段，连续阴雨对于玉米生长不利。豫 北作为河南玉米高质、高价的代表，目前好质量陈粮走养殖户价格已经上涨至1.25元／斤，个别甚至因 为货源紧张调运部分优质东北陈粮进行补充。 整体来看，9月份河南地区新粮上市逐步增量但增速受到天气影响，叠加阴雨天气对于玉米质量的影 响，预计以新粮为代表的市场低端价格降继续下跌，而以优质粮尤其是优质陈粮为代表的高端价格将持 续坚挺，市场的价格区间会逐步拉大至1.10-1.19元／斤，新旧作交替亦难顺畅。 （文章来源：新华财经） 进入9月，随着华北、东北、西北等新粮上 ...

1. Investment Ratings No investment ratings are provided in the reports. 2. Core Views Palm Oil - Internationally, it may test the support at 4,500 ringgit and could briefly drop to 4,350 ringgit. Pay attention to production and inventory data [1]. - Domestically, after the futures price stabilizes above 9,500 yuan, it may rise to the 9,800 - 10,000 yuan range, maintaining a near - strong and far - weak pattern [1]. Soybean Oil - CBOT soybean oil may experience narrow - range fluctuations. If the policy is not released, it may decline due to sufficient soybean supply in the US [1]. - Domestically, with the arrival of the consumption season, the inventory is expected to decrease, and the basis quote may rise [1]. Corn - Short - term: Supply is increasing, demand is weak, and the market is in a weak and volatile state [2]. - Medium - term: New - season corn costs are decreasing, production may increase, and the supply pressure in the fourth quarter is significant [2]. Live Pigs - Spot prices are stable with minor fluctuations. Short - term sentiment may support the market, but there may be a concentrated slaughter before the double festivals. It is recommended to wait and see, and consider a small - scale long position in the far - month 01 contract below 14,000 [6]. Meal - US soybean prices are supported by weather and Chinese procurement expectations, but the domestic market may not rise smoothly due to import concerns. The cost support for domestic meals is strong in the fourth quarter [10]. Sugar - Raw sugar is under pressure from supply expectations but may be affected by potential production cuts in Brazil. It is expected to trade in the 15 - 17 cents/pound range in the short term. Zhengzhou sugar is expected to fluctuate narrowly [13]. Cotton - Short - term: Old - crop inventory is tight, supporting prices, but new - season production is expected to increase, so prices may fluctuate within a range [14]. - Long - term: New - cotton listing may put pressure on prices [14]. Eggs - Supply is sufficient, downstream digestion is slow, and egg prices are expected to remain bearish [16]. 3. Summary by Industry Oil and Fat Industry - **Soybean Oil**: On August 25, the spot price in Jiangsu was 8,740 yuan, up 0.58% from August 22; the futures price of Y2601 was 8,536 yuan, up 0.52% [1]. - **Palm Oil**: On August 25, the spot price in Guangdong was 9,620 yuan, up 0.84%; the futures price of P2601 was 9,488 yuan, down 0.23% [1]. - **Rapeseed Oil**: On August 25, the spot price in Jiangsu was 9,980 yuan, up 0.30%; the futures price of OI601 was 9,998 yuan [1]. Corn Industry - **Corn**: The price of corn 2511 at Jinzhou Port decreased by 0.97%, the basis increased by 63.08%, and the 11 - 3 spread decreased by 53.33% [2]. - **Corn Starch**: The price of corn starch 2511 decreased by 0.68%, the basis increased by 8.02%, and the 11 - 3 spread decreased by 11.43% [2]. Live Pig Industry - The spot price was stable, the basis of the main contract decreased by 24.05%, and the sample - point slaughter volume decreased by 0.84% [5]. Meal Industry - **Soybean Meal**: The spot price in Jiangsu was 3,060 yuan, up 0.33%; the futures price of M2601 was 3,117 yuan, up 0.94% [10]. - **Rapeseed Meal**: The spot price in Jiangsu was 2,580 yuan, up 1.57%; the futures price of RM2601 was 2,547 yuan, up 0.16% [10]. Sugar Industry - The futures price of sugar 2601 increased by 0.32%, and the 1 - 9 spread increased by 42.86%. Nationwide sugar production increased by 12.03% year - on - year [13]. Cotton Industry - The futures price of cotton 2509 increased by 0.29%, and the 9 - 1 spread decreased by 18.52%. Commercial inventory decreased by 16.9% month - on - month [14]. Egg Industry - The price of the egg 09 contract increased by 1.06%, the price of the 10 contract decreased by 0.40%, and the egg - to - feed ratio decreased by 0.82% [16].