1、国家发改委：正在完善民企参与国家重大项目建设长效机制，今年还将推出总投资规模约 3 万亿元 优质项目。 2、金融监管总局副局长丛林：已设立 74 只私募股权投资基金，支持投资科技创新企业。 3、英国和美国已经就关税贸易协议条款达成一致。英国政府同意进口美国食品和农业产品方面作出让 步，以换取美方降低对英国汽车出口的关税。 资金面：融资额+72.20 亿；隔夜 Shibor 利率-11.80bp 至 1.5390%，流动性较为宽松；3 年期企业债 AA- 级别利率-2.67bp 至 3.0673%，十年期国债利率-1.28bp 至 1.6330%，信用利差-1.39bp 至 143bp；美国 10 年期利率-4.00bp 至 4.26%，中美利差+2.72bp 至-263bp。 文字早评 2025/05/09 星期五 宏观金融类 股指 前一交易日沪指+0.28%，创指+1.65%，科创 50-0.36%，北证 50+0.98%，上证 50+0.33%，沪深 300+0.56%， 中证 500+0.41%，中证 1000+0.76%，中证 2000+1.09%，万得微盘+1.75%。两市合计成交 12934 ...

研究员：洪辰亮 021-60635572 hongchenliang@ccb.ccbfutures.com 期货从业资格号：F3076808 研究员：刘悠然 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 农产品研究团队 、 请阅读正文后的声明 ＃summary＃ 行业 棉花 日期 2025 年 5 月 9 日 研究员：余兰兰 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号：F0301101 研究员：林贞磊 021-60635740 linzhenlei@ccb.ccbfutures.com 期货从业资格号：F3055047 研究员：王海峰 021-60635727 wanghaifeng@ccb.ccbfutures.com 期货从业资格号：F0230741 每日报告 一、行情回顾与操作建议 表1：行情回顾 | | | 1 | NE FOT | ( JIA | | 155 1 | 旅 政 TE | | | | | --- | --- | --- | --- | --- | --- | - ...

【海南白糖产销数据及国内外棉花市场动态】海南截至 2025 年 4 月 30 日止，累计销糖 1.52 万吨，本 月销售 0.54 万吨，比上榨季同期减少 2.48 万吨。产销率为 27.59%，下降 26.17 个百分点。本月销售含 税出厂价 5431 - 6547 元/吨，库存食糖 3.99 万吨，比上榨季同期多 0.55 万吨。现货方面，广西制糖集 团报价 6130 - 6260 元/吨，少数下调 10 元/吨；云南制糖集团报价 5940 - 5980 元/吨，下调 10 元/吨。原 糖因需求疲弱价格走弱，国内现货成交一般，报价下调，未来关注 4 月销售数据，远期糖价仍将承压。 周三，ICE 美棉下跌 0.63%，报收 67.4 美分/磅，CF509 上涨 0.9%，报收 12900 元/吨，主力合约持仓环 比下降 10843 手至 57.66 万手。新疆地区棉花到厂价为 13839 元/吨，较前一日下降 7 元/吨，中国棉花 价格指数 3128B 级为 14113 元/吨，较前一日下降 70 元/吨。国际市场方面，美联储5 月议息会议按兵不 动，鲍威尔讲话后，市场小幅下调 6 月美联储降息预期，美元指 ...

行业 棉花 日期 2025 年 5 月 8 日 研究员：余兰兰 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号：F0301101 研究员：林贞磊 021-60635740 linzhenlei@ccb.ccbfutures.com 期货从业资格号：F3055047 研究员：王海峰 021-60635727 wanghaifeng@ccb.ccbfutures.com 期货从业资格号：F0230741 研究员：洪辰亮 021-60635572 hongchenliang@ccb.ccbfutures.com 期货从业资格号：F3076808 研究员：刘悠然 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 农产品研究团队 、 请阅读正文后的声明 ＃summary＃ 每日报告 一、行情回顾与操作建议 表1：行情回顾 | | | --- | | | | 001 | | | | | | Ann W W | 数据来源：Wind，建信期货研究发展部 宏观整体利好，郑棉震荡反弹。现货方面最新棉花价格指数 ...

Report Summary 1. Industry Investment Rating No industry investment rating was provided in the report. 2. Core View After the May Day holiday, the oil and fat sector continued to decline, with palm oil leading the drop. The egg price gap dropped, and the apple price fluctuated greatly. Different agricultural products showed different trends due to various factors such as supply - demand relationships, weather conditions, and policies [2]. 3. Summary by Variety (1) Palm Oil - Key points: The main 2509 contract of palm oil continued to decline after May Day. The production in the palm oil - producing areas increased smoothly, and the inventory was expected to rise. The domestic purchase volume increased and the cost decreased. Technical indicators showed weakness. The recommended strategy was to hold a light - short position, with support at 7880 and resistance at 8000 [3][4] (2) Soybean Oil - Key points: The main 2509 contract of soybean oil oscillated and declined. The external market price dropped, and the domestic supply was expected to improve. Technical indicators turned weak. The recommended strategy was to hold a light - short position, with support at 7714 and resistance at 7742 [5] (3) Soybean Meal - Key points: The main 2509 contract of soybean meal continued to decline with oscillations. The external market price was under pressure, and the domestic supply was expected to increase. Technical indicators were weak. The recommended strategy was to hold a light - short position, with support at 2865 and resistance at 2930 [7] (4) Corn - Key points: The main 2507 contract of corn rose first and then fell with oscillations, but the upward trend remained unchanged. Factors such as low remaining grain, reduced imports, and increased demand supported the price. Technical indicators were strong. The recommended strategy was to hold a light - long position at low prices, with support at 2358 and resistance at 2384 [9] (5) Live Pigs - Key points: The 2509 contract of live pigs first declined and then rose with oscillations, but the downward trend remained. The supply pressure increased, and the demand support was insufficient. Technical indicators showed a downward trend. The recommended strategy was to hold a light - short position at high prices, with support at 13800 and resistance at 14000 [12] (6) Sugar - Key points: The main 2509 contract of sugar opened low and closed high with oscillations. Good sales and approaching peak consumption season supported the price. The price was still under the moving - average pressure. The recommended strategy was short - term trading, with support at 5866 and resistance at 5900 [13][15] (7) Eggs - Key points: The main 2506 contract of eggs continued to decline with a large gap. The supply was sufficient, and the demand decreased during the holiday. Technical indicators were weak. The recommended strategy was to hold a light - short position, with support at 2852 and resistance at 2900 [16] (8) Cotton - Key points: The main 2509 contract of cotton opened high and closed low. The textile industry entered the off - season, and the demand was weak. Technical indicators showed a downward trend. The recommended strategy was to hold a light - short position, with support at 12600 and resistance at 12800 [18] (9) Apples - Key points: The main 2510 contract of apples opened high and closed low with large fluctuations, but the upward trend remained. Good sales during the holiday, low inventory, and possible yield reduction supported the price. Technical indicators showed an upward trend. The recommended strategy was to hold a long position at low prices, with support at 7908 and resistance at 8000 [22] (10) Soybean No.1 - Key points: The main 2507 contract of soybean No.1 rebounded. The reduction of remaining grain supported the price. Technical indicators turned strong. The recommended strategy was to hold a light - long position, with support at 4176 and resistance at 4246 [23][26]

中新网乌鲁木齐5月6日电(陶拴科) "世界棉花看中国，中国棉花看新疆"的生动表述，深刻揭示了新疆在 全球棉花产业中的关键角色。棉花不仅是新疆农民的主要经济来源，更是推动区域经济发展的重要支柱 产业。 随着科技的进步与产业结构的优化，新疆棉花产业正以崭新的姿态，助力当地经济发展，为全国乃至全 球的棉花市场注入强劲动力。 新疆棉花产业正迎来发展新机遇，在政策护航、科技赋能、市场调节的三重驱动下，新疆棉田从"劳动 密集型"转向"技术密集型"。 统计数据显示，2024年，新疆棉花种植面积为3671.9万亩，较上年播种面积稳中有升，全程机械化率超 97%，机采率突破90%。种植成本由传统模式1800元/亩下降至"智慧棉田"的1300元/亩。 应对墒情差异打出"组合拳" 4月以来，随着气温回暖，土壤墒情好，新疆棉花播种工作自南向北迅速展开。 新疆北部的塔城地区乌苏市车排子镇康苏瓦特村通过多种方式，积极推广农业新机械与新技术在棉花播 种中的应用。该村党支部书记龚成江介绍说："今年，我们引入了侧封土播种技术，并采用5米宽的薄膜 进行播种，这种模式不仅节水效果显著，还能实现一膜4行和一膜6行的多行播种。此外，加宽的薄膜设 计有 ...

文字早评 2025/05/06 星期二 宏观金融类 股指 前一交易日沪指-0.23%，创指+0.83%，科创 50+0.85%，北证 50+2.96%，上证 50-0.47%，沪深 300-0.12%， 中证 500+0.48%，中证 1000+0.79%，中证 2000+1.29%，万得微盘+1.41%。两市合计成交 11693 亿，较上 一日+1472 亿。 宏观消息面： 1、商务部：美方主动向中方传递信息希望谈起来，对此，中方正在评估。节日期间离岸人民币大涨。 2、据新华社，"五一"假期全国重点零售和餐饮企业销售额同比增长 6.3%。 3、美国 4 月非农就业人口增长 17.7 万人，大幅好于预期。 资金面：融资额-13.51 亿；隔夜 Shibor 利率+21.90bp 至 1.7600%，流动性较为宽松；3 年期企业债 AA- 级别利率-1.54bp 至 3.0966%，十年期国债利率+0.03bp 至 1.6279%，信用利差-1.57bp 至 147bp；美国 10 年期利率+8.00bp 至 4.33%，中美利差-7.97bp 至-270bp。 市盈率：沪深 300:12.21，中证 500: ...

Group 1 - As of April 30, 2025, cotton futures closed at 12,750 CNY/ton, with a weekly decline of 1.85% and an increase in open interest by 8,872 contracts compared to the previous week [1] - In the Xinjiang region, the cotton arrival price was 13,982 CNY/ton, a decrease of 16 CNY/ton from the previous day, while the China Cotton Price Index for grade 3128B was 14,244 CNY/ton, an increase of 10 CNY/ton [2] - The U.S. cotton planting rate reached 15% as of April 27, 2025, up from 11% the previous week and compared to 14% the same time last year [2] Group 2 - According to Everbright Futures, the domestic cotton market is expected to remain weak due to limited changes in the fundamentals, with the demand side showing weakness as the traditional peak demand season has passed [3] - Zheng cotton prices are anticipated to experience low-level fluctuations as the new cotton planting season nears completion, with high commercial inventories and reduced downstream demand due to increased shutdowns in textile enterprises [3] - The overall supply of cotton remains sufficient, and the combination of weak demand and favorable weather conditions in production areas suggests a bearish outlook for cotton prices in the short term [3]

20250430棉系月报： 国内植棉进入苗期 关注后市关税政策调整 农产品团队 贾晖 Z000183 余德福 Z0019060 曹以康 F03133687 时间：2025年4月30日 周度综述：摘要 | | | | | | | 棉花供需平衡表(4月) | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标(万吨) | | | 2019/20 2020/21 2021/22 2022/23 | | 2023/24 | 2024/25 (3月) | 2024/25 (4月) | 月度调整 | 年度同比 | | | 中国 | 597.7 | 644.5 | 583.5 | 668.4 | 595.4 | 691.2 | 696.6 | 5.4 | 101.2 | | | 印度 | 620.5 | 598.7 | 529.1 | 572.6 | 553.0 | 544.3 | 544.3 | 0.0 | -8.7 | | | 巴西 | 283 | 300 | 235.6 | 255.2 | 317.2 | ...

Group 1 - Xinjiang has achieved significant advancements in cotton planting, particularly with over 99% mechanization in sowing [1] - The success is attributed to high-standard farmland construction, land transfer, technological support, and increased policy support [1] - The integration of high-standard farmland and smart agricultural machinery has improved land utilization and facilitated mechanized sowing [3] Group 2 - In Yili County, the promotion of high-standard farmland has transformed fragmented land into larger, more organized fields, enhancing efficiency for mechanized sowing [3] - Local farmers, such as Kurban Abulait, have benefited from land transfer and machinery subsidies, leading to increased income, with earnings exceeding 300,000 yuan annually [3][5] - The establishment of new professional farmers through training programs is accelerating agricultural modernization [5] Group 3 - The Aksu region has also achieved full mechanization in cotton sowing, utilizing large intelligent sowing machines equipped with BeiDou navigation technology [5][6] - These machines significantly enhance sowing efficiency, allowing farmers to complete sowing of over 400 acres in a single day [6] - The Aksu region has deployed 9,700 advanced agricultural machines during the spring sowing period, improving both the speed and quality of cotton planting [8]