投资咨询业务资格:证监许可【2012】31号 ]数据日报 国贸期货研究院 农产品研究中心 黄向岚 投资咨询号: Z0021658 从业资格号:F03110419 1000 800 800 600 400 200 200 2026/3/2 15 120 90 60 30 01/01 02/01 03/04 04/04 05/05 06/05 07/06 08/06 09/06 10/07 11/07 12/08 01/01 02/01 03/04 04/04 05/05 06/05 07/06 08/06 09/06 10/07 11/07 12/08 全国主要油厂开机率(%) 全国主要油厂大豆压榨量(万吨) === 2020 ===== 2021 ===== 2022 ===== 2023 ===== 2024 ====== 2024 == - 2025 2026 2026 100 250 80 200 开机和压榨情况 60 150 100 50 20 02/01 03/04 04/04 05/05 06/05 07/06 08/06 09/06 10/07 11/07 12/08 01/01 11/07 1 ...

投资咨询号: Z0021658 从业资格号:F03110419 2026/2/26 | 指标 | | 2月25日 | 涨跌 | | 豆粕主力合约基差(张家港) | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 2500 | == == | ===== 17/18 == | ----- 18/19 == | | ===== 19/20 24/25 | ====== 20/21 -25/26 | | | 大连 | 389 | -30 | 2000 | | | | | | | | | 天津 日照 | 349 269 | -50 -30 | 1500 500 | | | | | | | | | | | | 1000 | | | | | | | | 43%豆粕现货基差 (对主力合约) | 张家港 | 269 | -30 | -500 | 05/21 06/21 07/22 08/22 09/22 10/23 11/23 12/24 01/24 02/24 03/26 04/26 | | | ...

News Summary Core Viewpoint - Domestic soybean meal transactions continue to decline, indicating a weakening market environment for soybean meal in China [1] Group 1: Market Transactions - On December 10, the transaction volume of soybean meal in domestic oil mills was 182,700 tons, a decrease of 34,800 tons compared to the previous day [1] - The spot transaction volume was 63,800 tons, down by 52,700 tons from the previous day [1] Group 2: Export Expectations - According to foreign media forecasts, U.S. soybean meal net export sales for the week ending November 13, 2025, are expected to range between 50,000 to 450,000 tons [1] Group 3: Futures Market - On December 10, the Dalian Commodity Exchange recorded 23,830 soybean meal futures warehouse receipts, unchanged from the previous trading day [1] - In the past week, soybean meal futures warehouse receipts increased by 8,400 contracts, a growth rate of 54.44% [1] - Over the past month, soybean meal futures warehouse receipts decreased by 17,703 contracts, a decline of 42.62% [1] Group 4: Supply and Demand Analysis - Domestic soybean supply has been ample since May, with import volumes exceeding historical averages, leading to high soybean meal inventories [2] - Brazilian soybean planting is nearly complete with favorable weather conditions, while Argentine rainfall is low but currently has limited impact [2] - Brazilian soybeans are expected to reach record production levels this year, putting pressure on U.S. soybean export prospects [2] Group 5: Short-term Market Outlook - Short-term U.S. soybean prices have rebounded after a decline, while domestic soybean procurement is progressing [3] - The domestic market has sufficient soybean and soybean meal inventories, with increased U.S. soybean purchases eliminating previous supply gaps [3] - The short-term outlook for soybean meal is weak compared to U.S. soybeans, with a medium to long-term expectation of market stabilization [3]