1. Report Industry Investment Rating - Not provided in the given content 2. Core Views of the Report - The report analyzes the market conditions of various agricultural products including soybeans, oils, grains, and livestock. It provides price trends, supply - demand analysis, and investment strategies for each product. For example, it suggests holding long positions for some products like soybean meal and soybean oil, while advising caution or waiting for better opportunities for others such as rapeseed oil and eggs [3][4][5]. 3. Summary According to the Directory 3.1 First Part: Sector Strategy Recommendations 3.1.1 Market Analysis - **Oilseeds**: - Soybean No.1 05 contract is expected to run strongly, with support at 4500 - 4550 and resistance at 4950 - 4980. It is recommended to wait and see [12]. - Soybean No.2 05 contract is expected to rise in oscillation, with support at 3570 - 3590 and resistance at 3950 - 4000. Long positions are recommended [12]. - **Oils**: - Soybean oil 05 contract is expected to rise in oscillation, with support at 8400 - 8450 and resistance at 8950 - 9000. Long positions are recommended [12]. - Rapeseed oil 05 contract is expected to run in oscillation. Due to the increased production forecast, it is recommended to wait and see, with support at 9450 - 9460 and resistance at 10000 - 11000 [12]. - Palm oil 05 contract is expected to rise in oscillation. It is recommended to go long on dips, with support at 9000 - 9050 and resistance at 9860 - 9870 [12]. - **Protein**: - Soybean meal 05 contract is expected to rise in oscillation, with support at 2860 - 2900 and resistance at 3150 - 3200. Long positions are recommended [12]. - Rapeseed meal 05 contract is expected to follow the upward trend, with support at 2310 - 2320 and resistance at 2530 - 2540. It is recommended to be cautiously bullish [12]. - **Energy and By - products**: - Corn 05 contract is expected to fluctuate within a range. It is recommended to go long on dips, with support at 2240 - 2250 and resistance at 2480 - 2500 [12]. - Corn starch 05 contract is expected to fluctuate within a range following the cost of corn. It is recommended to go long on dips, with support at 2540 - 2550 and resistance at 2780 - 2800 [12]. - **Livestock**: - Live hog 05 contract is expected to find the bottom in oscillation. It is recommended to go long with a light position, with support at 11000 - 11300 and resistance at 12500 - 12800 [12]. - Egg 05 contract is expected to find the bottom in oscillation. It is recommended to wait and see, with support at 3300 - 3400 and resistance at 3650 - 3700 [12]. 3.1.2 Commodity Arbitrage - For most cross - period and cross - variety arbitrage, the report recommends waiting and seeing, except for the corn 5 - 9 cross - period arbitrage, which recommends shorting at high prices [13][14]. 3.1.3 Basis and Spot - Futures Strategies - The report provides the spot prices, price changes, and basis changes of various products, including oilseeds, oils, protein, energy and by - products, and livestock [15]. 3.2 Second Part: Key Data Tracking Table 3.2.1 Oils and Oilseeds - **Daily Data**: It provides the import cost data of soybeans, rapeseeds, and palm oil from different origins and shipping dates, including CIF prices, import duty - paid prices, and the cost of soybean meal when the crushing profit is zero [17][18]. - **Weekly Data**: It shows the inventory and operating rates of various oils and oilseeds, such as the inventory of soybeans, soybean meal, soybean oil, rapeseeds, rapeseed meal, rapeseed oil, palm oil, and peanuts, as well as the operating rates of soybean and rapeseed oil mills [19][20]. 3.2.2 Feed - **Daily Data**: It provides the import cost data of corn from different countries and months, including CNF prices and import duty - paid costs [20]. - **Weekly Data**: It shows the consumption, inventory, operating rate, and sales progress of corn and corn starch in deep - processing enterprises [21]. 3.2.3 Livestock - It provides the daily and weekly data of live hogs and eggs, including spot prices, price changes, and key market data such as breeding costs, profits, slaughter data, and supply - demand data [21][23][24]. 3.3 Third Part: Fundamental Tracking Charts - It includes a series of charts to track the fundamentals of the livestock, oils and oilseeds, and feed sectors, such as the closing prices of futures contracts, spot prices, inventory, production, and trading volume [26][36][52]. 3.4 Fourth Part: Options Situation of Feed, Livestock, and Oils - It provides the historical volatility data of various products such as rapeseed meal, rapeseed oil, soybean oil, palm oil, and peanuts, as well as the trading volume, open interest, and put - call ratio of corn options [99][100]. 3.5 Fifth Part: Warehouse Receipt Situation of Feed, Livestock, and Oils - It shows the warehouse receipt data of various products including rapeseed meal, rapeseed oil, soybean oil, palm oil, peanuts, corn, corn starch, live hogs, and eggs [102][104].