Group 1: Report General Information - Report Name: Peanut Daily Report [1] - Date: October 27, 2025 [1][2] - Researcher: Liu Dayong [1] - Futures Practitioner Certificate Number: F03107370 [1] - Investment Consulting Certificate Number: Z0018389 [1] Group 2: Industry Investment Rating - No investment rating information provided Group 3: Core Viewpoints - Peanut spot prices are expected to be relatively weak in the short - term, with supply increasing and downstream demand remaining weak. Futures will continue to oscillate at the bottom, but the far - month peanuts may be stronger, and peanut 01 will oscillate strongly [4][8] - Peanut oil spot prices are stable, peanut meal has been stable recently, and the theoretical profit of oil mills from pressing is decent [8] Group 4: Data Summary Futures Disk | Futures | Closing Price | Change | Change Rate | Trading Volume | Increase/Decrease Rate | Open Interest | Increase/Decrease Rate | | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | | PK604 | 7922 | 8 | 0.10% | 512 | 16.89% | 1,690 | 23.63% | | PK510 | 8138 | 38 | 0.47% | 52 | - 18.75% | 425 | 3.91% | | PK601 | 7820 | 32 | 0.41% | 81,351 | - 11.27% | 182,998 | - 3.51% | [2] Spot and Basis | Spot | Henan Nanyang | Shandong Jining | Shandong Linyi | Rizhao Peanut Meal | Rizhao Soybean Meal | Peanut Oil | Rizhao First - Grade Soybean Oil | | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | | Today's Quote | 8600 | 8400 | 8400 | 3250 | 2950 | 14580 | 8400 | | Change | 0 | 0 | 0 | 0 | 0 | 0 | 30 | | Basis | 780 | 580 | 580 | Soybean Meal - Peanut Meal (-1) | | Peanut Oil - Soybean Oil (6180) | | | Import Price: Sudanese rice 8500 (change 0), Senegalese rice price not provided (change 0) [2] Spread | Peanut Inter - Period Spread | Change | Peanut Inter - Period | Spread | Change | Peanut Inter - Period | Spread | Change | | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | | PK01 - PK04 (-102) | 24 | PK04 - PK10 | - 216 | - 30 | PK10 - PK01 | 318 | 6 | [2] Spot Price of Peanuts - Northeast Jilin Fuyu 308 general cargo: 4.1 yuan/jin, stable compared to yesterday - Liaoning Changtu: 4.1 yuan/jin, stable compared to yesterday - Henan production area Baisha general cargo rice: 3.8 - 3.9 yuan/jin, stable compared to yesterday - Shandong Junan: 4.05 yuan/jin, stable compared to yesterday - Imported Sudan refined new rice: 8600 yuan/ton, stable compared to yesterday - Senegalese oil rice: 7600 yuan/ton, stable compared to yesterday [4] Peanut Oil and By - product Prices - Mainstream transaction price of peanut oil procurement by some oil mills: 7800 - 7900 yuan/ton, theoretical break - even price of oil mills: 7920 yuan/ton - Domestic first - grade ordinary peanut oil: 14500 yuan/ton, stable compared to yesterday - Small - pressed fragrant peanut oil: 16500 yuan/ton, stable compared to yesterday - Rizhao soybean meal spot: 2950 yuan/ton, up 10 yuan/ton compared to yesterday - 48 - protein peanut meal: 3200 yuan/ton [4][6] Group 5: Market Analysis - Henan peanut prices are falling, while Northeast peanut prices are stable. Peanut spot prices are expected to be relatively weak in the short - term [4] - Some peanut oil mills have started purchasing, with stable peanut oil and soybean oil prices. The by - product Rizhao soybean meal spot is strong, while peanut meal is weak in the short - term [4][6] Group 6: Trading Strategies Unilateral - Peanuts 01 and 05 are oscillating at low levels, and one can go long with a light position in the short - term [9] Inter - Month Spread - Hold a wait - and - see attitude [10] Options - Sell and hold pk601 - P - 7600 [11] Group 7: Related Attachments - Figure 1: Shandong peanut spot price (unit: yuan/ton) - Figure 2: Peanut oil mill pressing profit (unit: yuan/ton) - Figure 3: Peanut oil price (unit: yuan/ton) - Figure 4: Peanut spot and continuous contract basis (unit: yuan/ton) - Figure 5: Peanut 10 - 1 contract spread (unit: yuan/ton) - Figure 6: Peanut 1 - 4 contract spread (unit: yuan/ton) [15][21][24]

第二部分 行情分析 河南花生价格稳定，东北花生价格稳定。目前东北吉林扶余 308 通货 4.15 元/斤，较 昨日价格稳定，辽宁昌图 4.15 元/斤，较昨日价格稳定。河南产区白沙通货米报价 4.2-4.3 元/斤，较昨日价格稳定，山东莒南 4.1 元/斤，较昨日价格稳定。进口苏丹精米新米报价 8600 元/吨，塞内加尔油料米报价 7800 元/吨，较昨日价格稳定。预计花生现货短期相对 偏强。 大宗商品研究所 农产品研发报告 花生日报 2025 年 10 月 15 日 | 第一部分 | | | | | | 数据 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 花生数据日报 | | | | | | | | 2025/10/15 | | 期货盘面 | | | | | | | | | | 期货 | | 收盘价 | 涨跌 | 涨跌幅 | 成交量 | 增减幅 | 持仓量 | 增减幅 | | PK604 | | 8108 | 66 | 0.81% | 445 | -45.60% | 1,314 | 10.14% | | PK510 | | # ...