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研究中心农产品团队 2025/12/04 | 玉米/淀粉 | | | | 玉米 | | | 淀粉 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 日期 | 长春 | 锦州 | 潍坊 | 蛇口 | 基差 | 贸易利润 | 进口盈亏 | 黑龙江 | 潍坊 | 基差 | 加工利润 | | 2025/11/27 | 2070 | 2240 | 2210 | 2440 | -3 | 50 | 260 | 2700 | 2850 | 133 | -9 | | 2025/11/28 | 2090 | 2240 | 2210 | 2440 | -4 | 45 | - | 2700 | 2850 | 139 | -29 | | 2025/12/01 | 2120 | 2240 | 2210 | 2440 | 4 | 45 | - | 2700 | 2850 | 163 | -47 | | 2025/12/02 | 2120 | 2240 | 2210 | 2430 | -3 | 35 | - | 2700 ...

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 农产品类 蛋白粕： 周三，CBOT大豆收跌，因等待新一轮大豆销售的消息。美国农业部周四将发布截至10月30日的出口销 售报告。市场有消息称，最后期限是2月份，这引发了市场担忧。加拿大统计局将于周四发布作物报 告，预计加菜籽产量将上调至2125万吨，高于9月预估的2003万吨。国内方面，蛋白粕延续窄幅震荡走 势，菜粕弱于豆粕。市场关注下周将于发布的供需报告，预计单产和出口可能会进行调整。豆粕现货价 格偏强震荡，基差报价小幅走高，因油厂挺价意愿增加。策略上，蛋白粕震荡思路，单边区间思路，做 空波动率，月间反套。 油脂： 周三，BMD棕榈油小幅下跌，跟随周边市场弱势。周三的一项调查显示，由于出口下滑，当月产量创 纪录，马来西亚11月棕榈油库存或攀升至266万吨，六年半高位。此前，印度表示11月棕榈油进口量上 升，12月可能继续增加。现货市场上，马棕油价格持平至上涨，印尼棕榈油现货报价下跌，印尼和马来 的棕榈油价差缩小。产区降水减少，关注产区高频数据。国内方面，油脂价格分化运行，棕榈油冲高回 落，豆油延续震荡走势。现货市场成交清淡，油脂震荡偏强思路。策 ...

"这两天，我们一直忙着发货呢！目前，我们已经给江苏的客户发了近100箱苹果了。"11月27日， 白水县新农妹电子商务有限公司总经理张明珍告诉记者。 返乡创业的张明珍种了100亩瑞阳、瑞雪、瑞香红新品种苹果。之前，在江苏南通的一次展会上， 张明珍通过现场展示和品鉴，添加了很多新客户的微信。目前，新客户的转化率让她惊喜。 同样忙碌的还有陕西供销农产品经营有限公司。 "从展会回来后，我们已经陆续给上海市供销合作社、江苏省泰州市供销合作社、汉中农特产品南 通展销中心等多家单位发了货。泰州市供销合作社下属的7家超市，也将销售我们的苹果和猕猴桃。"陕 西供销农产品经营有限公司总经理高晓强说。 11月14日至16日，2025长三角名优农产品供销市集暨苏陕协作·陕西特色农产品推介活动在江苏省 南通市崇川区举办。陕西90家优质企业带来了一批具有陕西特色的农产品，让江苏市民在"家门口"就能 品尝到地道的"陕西味道"。 苏陕协作·陕西特色农产品推介活动以"陕货入苏 消费帮扶"为主题，在苏陕两省发展改革委、供销 合作社的指导下，由陕西供销集团有限公司主办，是2025长三角名优农产品供销市集活动的重头戏。此 次活动的展区面积总计520 ...

Core Insights - The integration of Guangxi into the Guangdong-Hong Kong-Macao Greater Bay Area is emphasized as a strategic move to enhance economic connectivity and development [2][4][7] - Guangxi's geographical advantages are highlighted, positioning it as a crucial hub for trade and logistics, particularly with Southeast Asia [2][5] - The region is experiencing significant economic growth, with a GDP increase of 5.3% year-on-year and a notable rise in high-tech manufacturing [7] Group 1: Economic Connectivity - The "Golden Waterway" linking the Pearl River and West River facilitates substantial cargo movement, with over 425 tons per minute through the Guangxi Wuzhou Changzhou Water Conservancy Hub [1] - The North Bay Economic Zone and the Pearl River-West River Economic Belt are being developed to enhance Guangxi's role as a strategic hinterland for the Greater Bay Area [2][4] Group 2: Infrastructure Development - Guangxi has established four railways, ten highways, and four air routes connecting with Guangdong, enhancing transportation efficiency [4] - The region aims to deliver over 15 million tons of high-quality agricultural products to the Greater Bay Area by 2024 [4] Group 3: Trade and Investment - The North Bay Port has opened new shipping routes to Vietnam and Singapore, facilitating rapid export of goods from Guangxi [5] - In 2024, Guangxi plans to attract 860 investment projects from the Greater Bay Area, with a total investment of 206.3 billion yuan, focusing on manufacturing [6] Group 4: High-Quality Development - Guangxi is fostering high-quality industrial development, with a focus on artificial intelligence and digital projects in collaboration with ASEAN countries [6] - The region's industrial output is showing robust growth, with a 7.6% increase in industrial value added and a 26% rise in high-tech manufacturing in the first ten months of the year [7]

房总领事欢迎上海农业代表团一行来访，表示农业是澳大利亚及维州对华合作的重点领域，中国为 澳农产品提供了充足且稳定的消费市场。当前中澳关系稳中有进、持续向好，为各领域进一步拓展务实 合作创造了新的契机，希望大家坚定信心、把握机遇，共同推动中澳关系取得新发展。 640 (1).png 皮尔森部长表示，澳中不仅是贸易伙伴更是朋友，今年访华深切感受到中国的发展动力与经济韧 性，期待有更多机会访问中国。 （原标题：房新文总领事出席澳中农业协会活动） 11月28日，房新文总领事出席澳中农业协会举办的欢迎上海农业代表团活动并致辞。维州经济增长 和就业部部长丹尼·皮尔森、澳中农业协会会长威尔顿·姚、我馆负责经商事务的参赞衔领事迟洁超及有 关企业代表等60余人参加活动。 640.png ...

Group 1 - The core viewpoint of the article highlights the acceleration of U.S. agricultural exports to China, particularly soybeans, following a period of trade stagnation [2] - At least six bulk carriers are scheduled to load soybeans at U.S. Gulf Coast ports and head to China before mid-December, indicating a significant increase in export activity [2] - The first shipment of soybeans since May has already departed, marking a notable resumption of trade [2] Group 2 - Following a meeting between the leaders of the U.S. and China in late October, the White House announced that China would purchase 12 million tons of U.S. soybeans by the end of the year, although specific details have not been confirmed by China [2] - The U.S. Department of Agriculture reported that Chinese importers ordered nearly 2 million tons of U.S. soybeans for the 2025/26 marketing year last month, but confirmed purchases have been minimal since then [2]

Market Performance - The overall market rebounded with a notable performance in technology growth sectors, with the Jiangsu Growth Momentum Index rising over 9% weekly[2] - The Jiangsu Momentum Index saw a weekly increase of nearly 10%, indicating a return of growth hotspots in Q3 2025[2] Trading Activity - Weekly trading volume for the entire A-share market has decreased compared to Q3 2025, despite the recovery in growth sectors[2] - The small and micro-cap stocks outperformed the broader market, showing a synchronized increase in trading activity[2] Sector Analysis - The telecommunications and information technology sectors led the weekly gains, with significant rebounds observed in these areas[5] - The performance of the Jiangsu specialized and innovative index was notably strong, reflecting positive market sentiment[5] Investor Sentiment - The trading heat of the small and micro-cap indices has continued to recover, indicating improved market sentiment[5] - Institutional investors experienced a rebound in their holdings, with all major fund indices showing positive weekly returns[5] Style Tracking - The momentum index demonstrated impressive weekly performance, with the Jiangsu Growth Momentum Index showing a rebound of 9.11%[36] - The growth style indices, particularly in small and micro-cap categories, exhibited strong weekly increases, highlighting a shift in investor preference towards growth stocks[36]

Core Viewpoint - The price monitoring data from Yiyuan County, Shandong Province indicates that most consumer goods prices remain stable, with slight fluctuations in vegetable and egg prices [1] Price Stability - The prices of staple grains are stable, with corn priced at 1.05 yuan per jin and wheat at 1.15 yuan per jin, showing no significant change compared to the previous week [1] - Egg prices have seen a slight increase, now at 3.2 yuan per jin, reflecting a week-on-week rise of approximately 3.2% [1] Meat and Vegetable Prices - Meat prices have experienced a slight decline, with lean pork at 11 yuan per jin, fatty pork at 10 yuan per jin, rib at 14 yuan per jin, and lamb at 35 yuan per jin, averaging a decrease of about 1.7% compared to the previous week [1] - Vegetable prices have also seen a slight decrease, with an average drop of around 1.2%. Among 17 monitored vegetables, 7 remained stable, 5 decreased, and 5 increased in price [1]

1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The market for soybeans and soybean meal is in a state of oscillation. Domestic soybeans have a slight reduction in production, with Northeast soybeans being popular due to quality differentiation. The import of US soybeans may return to normal, ensuring sufficient soybean supply. Oil mills' operating rates are average, and soybean meal inventory remains high, while demand is strong. The soybean No. 1 contract will return to an oscillatory state, and soybean meal will maintain an oscillatory trend [5][7] 3. Summary by Relevant Catalog 3.1 Futures and Spot Market Conditions - The soybeans No. 1 2601 contract continues to oscillate. The spot price is stable, with the market price of Fuyin soybeans around 4,060 yuan/ton. The basis of soybeans No. 1 oscillates strongly, and the premium on the futures market is maintained. - The main soybean meal contract is shifting to 2605, showing an oscillatory trend. The spot price of soybean meal has a slight increase, with the price of 43% protein soybean meal in Zhangjiagang rising from 2,980 yuan/ton to around 3,020 yuan/ton. The basis oscillates strongly, and the premium on the futures market narrows [5] 3.2 Domestic Soybean Sales and Supply - The sales of domestic soybeans are relatively fast. The production of new - season domestic soybeans has slightly decreased to 20.9 million tons, and the quality in North China and other regions is differentiated, with high - protein soybeans in the Northeast being popular. As of November 28, the remaining grain ratio of soybeans in Heilongjiang has dropped to 74%, in Anhui to 73%, in Henan to 76%, and in Shandong to 81%. Recently, the auction of state - reserve soybeans has been suspended [5] 3.3 Import and Inventory of Soybeans - The arrival of soybeans at oil mills is high, and the port soybean inventory is sufficient. In October, China imported 9.48 million tons of soybeans, a 26% decrease from the previous month and a 17.2% increase year - on - year. Under the China - US trade agreement, the import of US soybeans will return to normal. Although China and the US have mutually reduced tariffs, a 10% basic tariff remains, so the import cost of US soybeans is still higher than that of South American soybeans. As of November 28, the arrival of soybeans at oil mills was 2.405 million tons, increasing again compared to the previous period; the port soybean inventory was 9.576 million tons, rebounding compared to the previous period [5] 3.4 US Soybean Market - US soybeans are undergoing high - level adjustments. The November supply - demand report of the US Department of Agriculture has reduced the yield per unit and total production of US soybeans, as well as the ending inventory. The production in South America has not been adjusted, and the global ending inventory has been further reduced. The market is worried about China's subsequent soybean purchases [5] 3.5 Oil Mill Operations and Soybean Meal Inventory - The operating rate of oil mills has declined, but the soybean meal inventory has increased again. As of November 28, the operating rate of oil mills was 60.54%, a decline compared to the previous period but still at a high level in recent years; the soybean crushing volume was 2.2008 million tons; the soybean inventory of oil mills was 7.3396 million tons, rebounding compared to the previous period. The soybean meal production was 1.7386 million tons, a decline compared to the previous period; the soybean meal inventory of oil mills was 1.2032 million tons, increasing again compared to the previous period and at a high level in recent years; the unexecuted contracts of soybean meal were 3.881 million tons, a decline compared to the previous period. The inventory days of soybean meal in feed mills were 8.17 days, rebounding compared to the previous period [6] 3.6 Feed Demand - Feed demand is relatively strong. In the livestock farming sector, the pig price is low, and farming is suffering significant losses. As of November 28, the profit of purchasing piglets for farming was - 248.82 yuan per head, and the self - breeding and self - raising profit was - 147.99 yuan per head. The adjustment of the breeding sow capacity is slow. In September, the national inventory of breeding sows was 40.35 million, a decrease of 30,000 from the previous month. The adjustment of the breeding sow inventory in large - scale farms is delayed, with a slight increase in the inventory in October; the number of piglets born has increased again, while the sales volume has continued to decline, reflecting a weak mentality of replenishing the herd; the number of pigs held for fattening and secondary fattening has increased. At the end of the third quarter, the national pig inventory was 436.8 million, a 29% increase from the previous quarter and a 23% increase year - on - year. In the poultry sector, the egg price has dropped again, and farming continues to suffer losses, with an increase in the number of culled poultry. The inventory in October decreased slightly from the previous month and may continue to decline in the fourth quarter. In October, the feed production was 29.07 million tons, a decline from the previous month but a 6% increase year - on - year; feed demand remains strong [7]