根据全美房地产经纪人协会（NAR）周五公布的数据，美国11月成屋销售环比上涨0.5%，预期为上涨1.2%，前值为上涨1.2%。11月成屋销售同 比下降1%。11月成屋销售总数年化413万户，不及预期的415万户，前值为410万户。 高企的房价、居高不下的按揭贷款利率，再加上如今房源供应减少，都在对潜在购房者形成压力。 成屋销售约占美国房地产市场销售量的90%，在过户时计算。通常在过户前的一两个月，签订合同，因此10月份的销售数据主要反映了10月和9 月的购买决定。当时按揭贷款利率一度小幅回落，但随后维持在相对狭窄的区间内波动。 美国的房源供应在今年大部分时间持续回升后，于11月出现回落。数据显示，截至11月底，待售房屋数量为143万套，较10月下降5.9%，但同比 仍增长7.5%。按当前销售速度计算，这相当于4.2个月的供应量。通常认为6个月的供应才是买卖双方相对均衡的状态。 与此同时，已挂牌的卖家下架房源的比例也高于往常。卖家在进入冬季前撤下未售房源本属常态，但今年这一现象明显更为突出。 这进一步推高了房价压力。11月成交的成屋住宅的中位价为40.92万美元，同比上涨1.2%，创下历年11月的最高纪录。 全 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The corn starch futures market is expected to continue its oscillating trend. The 5 - day and 10 - day moving averages of the corn starch cs2509 contract have formed a golden cross. Although the inventory of corn starch enterprises has decreased this week, it remains at a high level compared to the same period, and the demand for corn starch has not improved [10][12]. 3. Summary by Relevant Catalogs Market Overview and Market Review - **Market Overall Performance**: On July 24, 2025, the corn starch futures cs2509 contract mainly oscillated. The closing price was 2,669 yuan/ton, down 6 yuan/ton from the previous trading day. The trading volume was 85,663 lots, a decrease of 29,021 lots compared to the previous trading day, and the open interest at the close was 201,000 lots, a decrease of 7,081 lots from the previous trading day [2]. - **Futures Market Data**: The report provides data on multiple corn starch futures contracts, including the latest price, price change, trading volume, open interest change, etc. For example, the starch weighted contract had a latest price of 2,647 yuan/ton, a decrease of 7 yuan/ton, and a trading volume of 296,724 lots [5]. - **Spot Market Data**: On July 24, 2025, the spot prices of corn starch in some domestic regions were as follows: 2,690 yuan/ton in Heilongjiang, 2,800 yuan/ton in Liaoning, 2,740 yuan/ton in Jilin, 2,960 yuan/ton in Hebei, and 2,870 yuan/ton in Shandong, with no price changes [6][7]. Influence Factor Analysis - **Important Information and Event Review**: The corn starch inventory has been decreasing recently. As of July 23, the total starch inventory of national corn starch enterprises was 1.311 million tons, a decrease of 35,000 tons from the previous week, a weekly decrease of 2.60%, a monthly increase of 0.15%, and an annual - on - annual increase of 19.40%. The report also provides data on registered warehouse receipts, with a total decrease of 1,100 lots on July 24 compared to the previous day [7][9].