Core Insights - The article discusses the current situation of peanut and corn harvesting in Henan province, highlighting the impact of weather conditions on crop quality and market dynamics [1][2][5] Group 1: Harvesting and Market Conditions - Farmers in Henan are actively selling their harvested peanuts and corn due to unfavorable market conditions and weather impacts, with many opting for immediate sales rather than storage [2][3] - The quality of peanuts has been affected by recent weather, with some crops showing signs of mold and sprouting, leading to a decline in market prices [2][5] - The overall planting area for peanuts in Henan has increased by approximately 10% this year, despite adverse weather conditions [5] Group 2: Trade and Supply Chain Dynamics - Peanut processing plants and traders are actively purchasing peanuts from farmers, with a significant increase in the number of trucks delivering peanuts to processing facilities [4][6] - The market for peanut oil and food-grade peanuts is currently favorable for processors, who are looking to stock up on raw materials due to lower prices [4][6] - The supply-demand relationship for peanuts is becoming more relaxed as the harvest concludes, leading to a decrease in prices for both oil-grade and food-grade peanuts [7][8] Group 3: Price Trends and Market Outlook - The purchase prices for peanuts in Henan have dropped significantly, with some grades falling to around 4 yuan per jin, while lower-quality peanuts are being bought for less than 3 yuan per jin [7][8] - The influx of low-priced peanuts from Henan is affecting market activity in Northeast China, where trading volumes are declining and prices are under pressure [9] - There is a cautious outlook for peanut futures, with expectations of further price declines due to reduced demand from the food industry and a lack of interest from traders in entering the market [9]