农产品日报（2026 年 3 月 3 日） 一、研究观点 | 品种 | 点评 | 观点 | | --- | --- | --- | | 玉米 | 周一，玉米增仓上行，主力合约冲击到 2400 元整数关口其后承压回落，期价区 | 震荡偏强 | | | 间继续上移。现货市场方面，受期货上涨提振，玉米现货报价跟随上涨，看涨情 | | | | 绪重回市场。上周六东北价格已出现较为明显的涨幅。哈尔滨直属库收购价格大 | | | | 幅提高，收购价格为 2270 元/吨，现货价格支撑较为强烈。周末华北地区玉米价 | | | | 格维持偏强运行，受雨雪天气影响，基层购销恢复明显偏慢，市场供应维持偏紧 | | | | 状态，深加工企业继续提价促收，价格上涨 10-20 元/吨。销区市场玉米价格稳 | | | | 中有涨，主要受产区成本推动。但购销活动恢复较，企业多观望、以消耗库存为 | | | | 主。整体来看，春节前后玉米增仓上行，资金流入带动期价突破上行，期货领涨、 | | | | 现货跟涨，多单谨慎持有同时配合看跌期权进行保护。 | | | | 油跟随原油走高。美豆出口检验报告 113.76 万吨，超过市场预估，其中对 ...

锰硅硅铁产业日报 2025/12/9 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | SM主力合约收盘价（日，元/吨） | 5,732.00 | -4.00↓ SF主力合约收盘价（日，元/吨） | 5,462.00 | +18.00↑ | | | SM期货合约持仓量（日，手） | 636,717.00 | +6082.00↑ SF期货合约持仓量（日，手） | 476,898.00 | +6021.00↑ | | 期货市场 | 锰硅前20名净持仓（日，手） | -22,484.00 | +3621.00↑ 硅铁前20名净持仓（日，手） | -24,211.00 | +655.00↑ | | | SM5-1月合约价差（日，元/吨） | 46.00 | -2.00↓ SF5-1月合约价差（日，元/吨） | 22.00 | -2.00↓ | | | SM 仓单（日，张） | 24,664.00 | +136.00↑ SF 仓单（日，张） | 13,327.00 | -41.00↓ | | | 内蒙古锰 ...

Core Viewpoint - The Central Political Bureau of the Communist Party of China emphasizes the need for a stable yet progressive economic strategy for 2026, focusing on enhancing quality and efficiency through proactive fiscal and moderately loose monetary policies [1] Group 1: Economic Policy Direction - The economic policy for 2026 will continue the trend of a more proactive fiscal policy and moderately loose monetary policy, consistent with the 2025 policy direction [1] - The fiscal deficit rate is set to increase from 3% in 2024 to a historical high of 4% in 2025, while the central bank implemented a 0.5 percentage point reserve requirement ratio cut and a 0.1 percentage point reduction in the 7-day reverse repurchase rate in May [1] Group 2: Focus on Domestic Demand and Supply Optimization - The meeting highlights the importance of expanding domestic demand and optimizing supply as strategic bases for constructing a new development pattern and responding to international economic challenges [2] - Recent measures to promote private investment include 13 initiatives aimed at stimulating market-driven effective investment growth, alongside a plan to enhance the adaptability of consumer goods supply and demand [2] Group 3: Key Strategies for Economic Growth - The strategy of "optimizing increment and revitalizing stock" is crucial, requiring the development of new productive forces and strategic emerging industries while maintaining reasonable investment growth [2] - Revitalizing stock involves effectively utilizing idle and inefficient assets, including underused land, vacant properties, and existing infrastructure [3] Group 4: Integration of Policies - The integration of stock and increment policies is essential for improving policy coherence and resource allocation efficiency, ultimately driving high-quality economic development [3] - Adjustments to existing restrictive measures in sectors like automotive and housing are necessary to enhance the effectiveness of incremental policies [3]