Group 1: Investment Rating - No investment rating information is provided in the report. Group 2: Core View - The supply of peanuts is still low, but the downstream demand remains weak, so the peanut prices are expected to be relatively weak in the short term. The price of peanut oil is stable, and the peanut meal has been stable recently. The theoretical profit of oil mills from peanut pressing is acceptable. Peanut 10 futures are in a narrow - range oscillation. With the expected increase in planting area, decrease in planting cost, and the listing of some spring peanuts, Peanut 10 will continue to oscillate narrowly [5][9]. Group 3: Summary by Directory First Part: Data - **Futures Market**: PK604 closed at 7960, down 10 (-0.13%), with a trading volume of 24 (up 26.32%) and an open interest of 252 (up 6.33%); PK510 closed at 8074, down 24 (-0.30%), with a trading volume of 34,942 (up 3.59%) and an open interest of 98,959 (down 0.27%); PK601 closed at 7948, down 10 (-0.13%), with a trading volume of 3,815 (up 76.70%) and an open interest of 16,339 (up 8.21%) [3]. - **Spot Market**: The prices of peanuts in Henan and Northeast China were stable. The price of 308 common peanuts in Fuyu, Jilin was 4.2 yuan/jin, and in Changtu, Liaoning was 4.2 yuan/jin. The price of Baisha common peanuts in Henan was 4.25 - 4.35 yuan/jin, and in Junan, Shandong was 4.1 yuan/jin. The price of imported Sudan refined peanuts was 8300 yuan/ton. The mainstream transaction price of peanut oil was 7650 - 7700 yuan/ton, and the theoretical cost - price of oil mills was 8110 yuan/ton. The price of domestic first - class ordinary peanut oil was 14800 yuan/ton, and the market price of small - pressed fragrant peanut oil was 16500 yuan/ton [5]. - **By - products**: The spot price of Rizhao soybean meal was strong, reaching 2930 yuan/ton, up 30 yuan/ton from yesterday. The unit - protein price difference between peanut meal and soybean meal was relatively high, and the peanut meal was expected to be weak in the short term, with the 48 - protein peanut meal quoted at 3250 yuan/ton [8]. - **Spreads**: The spread of PK01 - PK04 was - 12 (unchanged), PK04 - PK10 was - 114 (up 14), and PK10 - PK01 was 126 (down 14) [3]. Second Part: Market Analysis - The prices of peanuts in Henan and Northeast China were stable, and the price of imported Sudan refined peanuts was also stable. It is expected that the peanut spot will be relatively weak in the short term. Most peanut oil mills stopped purchasing today, and the prices of soybean oil and peanut oil were stable [5]. Third Part: Trading Strategy - **Unilateral**: Peanut 10 is oscillating at a low level. Currently, it is recommended to wait and see, and mainly short after a rebound [10]. - **Month - spread**: Wait and see [11]. - **Options**: Sell pk510 - C - 8800 [12]. Fourth Part: Related Attachments - The report provides six charts, including the spot price of Shandong peanuts, the pressing profit of peanut oil mills, the price of peanut oil, the basis between peanut spot and continuous contracts, the spread between Peanut 10 - 1 contracts, and the spread between Peanut 1 - 4 contracts [14][20][23].

Group 1 - The company, Jingliang Holdings, stated that as of August 10, 2025, the total number of A-share shareholders is approximately 46,900 [1]

下一步，周口海关将继续发挥职能优势，强监管、优服务、促发展，在助力企业加快通关、拓展国际市场、培育自主品牌等方面持续发力，推动更多周口特 色农产品走向世界，为乡村振兴贡献实实在在的力量。 周口广电融媒体记者 许猛 近日，记者从周口海关获悉，今年上半年，我市脱水蔬菜出口量达1.8万吨，同比增加20.3%，占全省脱水蔬菜出口量的63.5%；货值4.5亿元，同比增长 25.6%，占全省脱水蔬菜出口值的65.1%。 近年来，随着我市对外开放水平的持续提升，特色农产品"走出去"的渠道更多、市场更广。作为乡村振兴的重要支柱产业，我市脱水蔬菜出口量连续几年保 持增长，不仅带动了种植、加工、物流等上下游产业链增值，而且进一步扩宽了农民的增收渠道。目前，全市已建成出口蔬菜原料种植基地1.3万余亩，辐 射农户1000余户，带动就业400余人。 为便利农产品高效通关走出国门，解决企业的后顾之忧，今年以来，周口海关积极开展"送政策上门"活动。组织业务专家深入田间地头指导企业建立标准化 种植基地，规范仓储和生产流程；提前了解企业出口计划，认真落实节假日预约通关、"7x24"小时预约查检，并运用"中心+现场"协同查检模式，提高出口 产品 ...

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The CBOT currently has no weather premium, and the Sino-US trade policy has not eased, putting pressure on US soybeans, but the downside space is expected to be limited. Under the current Sino-US policy, the Brazilian premium is expected to be strong, and with the expected increase in import costs, the 01 contract is expected to fluctuate strongly. Attention should be paid to the results of the August USDA supply and demand report and the situation of domestic Argentine soybean meal imports [7][8] 3. Summary by Relevant Contents Supply - This week, the good-to-excellent rate of US soybeans dropped to 69%, still at a high level, and the weather in the producing areas will be normal in the next two weeks. Under the pressure of the concentrated arrival of Brazilian soybeans, the domestic soybean pressure drop in August is expected to exceed 10 million tons, and soybean meal is expected to continue to accumulate inventory; the purchase of ships from October to January is progressing slowly, and there is an expectation of inventory reduction in the far month under the current Sino-US trade policy [7] Demand - In the short term, the high inventory of pigs and poultry is expected to be maintained, supporting the demand for feed. However, the policy is oriented to control the inventory and weight of pigs, which is expected to affect the far-month supply of pigs. The cost-effectiveness of soybean meal is relatively high, and the pick-up volume is at a high level. Some areas use wheat to replace corn, reducing the amount of protein used. The far-month trading volume of soybean meal increased this week [8] Inventory - The domestic soybean inventory has increased to a high level; the inventory accumulation speed of soybean meal has slowed down but is still in the inventory accumulation cycle; the inventory days of soybean meal in feed enterprises have decreased [8]

1. Report Industry Investment Rating - The report gives a neutral rating to rapeseed meal [8]. 2. Core Viewpoints of the Report - Rapeseed meal is affected by factors such as low - level import rapeseed inventory and China's additional tariff on Canadian oil residue cakes, causing it to rise and then fall. Driven by soybean meal, the price of rapeseed meal will return to range - bound trading in the short term [8]. - The short - term supply and demand of rapeseed meal are both strong. Affected by the low - level inventory of imported rapeseed and the additional tariff on Canadian oil residue cakes, the price may fluctuate within a range [8]. 3. Summary According to the Directory 3.1 Weekly Hints - Fundamentally, rapeseed meal is expected to be range - bound in the short term. The additional tariff on Canadian oil residue cakes is a short - term positive, but the non - imposition of tariffs on rapeseed imports limits the positive impact. The basis shows a discount to futures, the inventory has increased week - on - week but decreased year - on - year, the price is above the 20 - day moving average, the main short positions have increased, and the price is expected to return to range - bound trading [8]. 3.2 Recent News - Domestic aquaculture has entered the peak season, and the listing of domestic rapeseed has improved the tight supply expectation in the spot market. The annual output of Canadian rapeseed has decreased slightly, and China's additional tariffs on Canadian rapeseed oil and oil residue cakes, along with the ongoing anti - dumping investigation on Canadian rapeseed imports, have uncertain future results. The global rapeseed output has decreased slightly, and the geopolitical conflict still has the possibility of rising, which supports commodities [10]. 3.3 Long and Short Concerns - Positive factors include China's additional tariff on Canadian rapeseed oil and oil residue cakes and the low inventory pressure of oil mills. Negative factors include the concentrated listing of domestic rapeseed in June and the uncertainty of the anti - dumping investigation on Canadian rapeseed imports. The current main logic is the focus on domestic aquaculture demand and the expectation of the tariff war on Canadian rapeseed [11]. 3.4 Fundamental Data - The import volume of rapeseed in August was lower than expected, and the import cost fluctuated slightly. The rapeseed inventory of oil mills has fallen to a low level, the rapeseed meal inventory remains low, and the rapeseed crushing volume has increased slightly. Aquatic product prices have small fluctuations, and the rapeseed meal price has rebounded with the main contract changing months and the spot changing from discount to premium. The spot price difference between soybean meal and rapeseed meal has small fluctuations [19][21][33]. - The supply - demand balance sheets of domestic rapeseed and rapeseed meal from 2014 to 2023 are provided, showing changes in harvest area, inventory, output, supply, demand, etc. [16][18]. 3.5 Position Data - The main short positions of rapeseed meal have increased, and funds have flowed in [8]. 3.6 Technical Analysis - Rapeseed meal has rebounded and is expected to return to range - bound trading in the short and medium term. The KDJ indicator is oscillating at a high level, and the MACD is rebounding with short - term strong operation. Overall, rapeseed meal is expected to be strongly range - bound in the short term, and the subsequent trend depends on policies and soybean meal [42]. 3.7 Next Week's Concerns - The most important concerns are the planting weather in US soybean - producing areas, the export of Canadian rapeseed and domestic crushing demand, and the arrival and operation of imported soybeans and rapeseed in China. Secondary concerns include domestic soybean meal and aquaculture demand, as well as the inventory of rapeseed meal in oil mills and downstream procurement. Other concerns include macro factors and the Israel - Palestine conflict [45][46].

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The A-share market's upward trend is stable driven by liquidity, and with the continuous implementation of policy combinations, the supply-demand pattern will optimize, potentially leading to stable improvement in the earnings and ROE of the entire A-share market. The market style is shifting from traditional cyclical sectors to technology sectors, and high-quality technology assets may have significant excess returns in the third quarter [7]. - The prices of various commodities in the market show different trends. Some are expected to be volatile, some are expected to decline, and some are expected to rebound [4][11][12][13][14][15][16]. - The bullish trend of the stock index continues, but there may be short - term adjustments. It is advisable to focus on the low - buying opportunities of IF, IM, and IC [19][20][21]. Summary by Relevant Catalogs 1. Chemical Industry - **Price Changes**: On August 11, 2025, in the chemical industry, the prices of natural rubber, 20 - number rubber, plastic, etc. rose, while the prices of coke, styrene, and soda ash fell [4]. 2. Macro News - **Corporate Performance**: Industrial Fulin's semi - annual report in 2025 shows that its revenue and net profit attributable to the parent company have increased significantly year - on - year, with the second - quarter single - season revenue exceeding 200 billion yuan for the first time [7]. - **Stock Market Performance**: Last week, the three major A - share indexes all rose on a weekly basis. The Shanghai Composite Index hit a new high this year, and the Shenzhen Component Index and the ChiNext Index also had certain increases [7]. - **Regional Economy**: The GDP growth rates of Wenzhou, Dalian, and Xuzhou in the first half of the year exceeded 6%, and there is a possibility of entering the "trillion - yuan club" by the end of the year [8]. - **US Policies and Market**: The US government will stop providing tax credits for electric vehicles from September 30, 2025. The sales of electric vehicles in July reached a record high, but it is expected that the sales will "plummet" in the fourth quarter [8]. - **Commodity Prices**: The gold futures price on the New York Mercantile Exchange hit a new high last Friday. The "interest - rate cut trading" and "Trump 2.0" will continue to catalyze in 2025, and central bank reserves will support the gold price [9]. 3. Morning Meeting Views on Major Varieties 3.1 Agricultural Products - **Peanuts**: The peanut market is in a pattern of weak supply and demand, with prices fluctuating narrowly. In the short term, it is expected to be strongly volatile but still in a downward trend [11]. - **Oils and Fats**: The total trading volume of oils and fats decreased by 57% compared to the previous trading day. The market lacks driving forces and is expected to be weakly volatile [11]. - **Sugar**: The domestic sugar market has a different rhythm from the overseas market. If the raw sugar can stop falling and rebound, the 01 contract price may rise to repair the discount [11]. - **Pigs**: The spot price of pigs decreased last week. The supply is sufficient but the demand is weak. The futures market shows a pattern of near - term weakness and long - term strength, with a clear reverse spread trend [11]. - **Eggs**: The spot price of eggs has fallen and stabilized. The futures market has a large premium over the spot, and it is recommended to short on rebounds [12]. - **Cotton**: The cotton market is weakly volatile. The new cotton harvest is expected to be good, and the demand is under pressure. In the short term, there may be a small technical rebound [12]. 3.2 Energy and Chemicals - **Urea**: The domestic urea market price is weakly operating. Supply pressure is expected to increase, and the price may continue to be weakly volatile with support at the bottom [12]. - **Caustic Soda**: The caustic soda contract is under pressure for adjustment, and it is recommended to pay attention to the reverse spread [12][13][14]. - **Coking Coal**: The supply of coking coal is disturbed, and the downstream acceptance of high prices is decreasing. It is expected to be in a high - level volatile state [13]. 3.3 Industrial Metals - **Copper and Aluminum**: The copper price is adjusting due to policy uncertainties, and the aluminum price is expected to continue high - level adjustment due to factors such as increased supply and weak demand [13][14]. - **Alumina**: The alumina market is in an oversupply pattern. The futures price is under pressure, and the spot price is relatively stable, expected to be range - bound [14]. - **Steel Products**: The steel market is in the off - season with slight inventory accumulation. The steel price is expected to be volatile with limited downward space and potential upward driving forces [13][14][16]. - **Ferroalloys**: The ferroalloy market is in a wide - range volatile pattern. Supply is increasing, demand is weak, and it is recommended to take a range - bound trading approach in the short term [16]. - **Lithium Carbonate**: The price of lithium carbonate is expected to fluctuate more due to the uncertainty of the production status of a lithium mine. If the mine shuts down, the price center may rise [16]. 3.4 Options and Finance - **Options**: Index options show different performance in terms of volume, open interest, and implied volatility. Trend investors can focus on arbitrage opportunities between varieties, and volatility investors can buy straddles to bet on increased volatility [18]. - **Stock Index**: The bullish trend of the stock index continues. The Shanghai Composite Index may consolidate around 3600 points. It is recommended to focus on low - buying opportunities of IF, IM, and IC [19][20][21].

Group 1 - Guangdong reported 1,387 new local cases of Chikungunya fever from August 3 to August 9, showing a continuous decline trend [2][4][3] - The distribution of cases includes 1,212 in Foshan, 103 in Guangzhou, and smaller numbers in other cities [4][5] Group 2 - The National Lychee and Longan Industry Technology System held a performance evaluation meeting for the "14th Five-Year Plan" in Luzhou, Sichuan on August 9 [7][8] - The meeting included reports from chief scientists and station leaders on their work and achievements during their tenure [9][10] Group 3 - A new "Media + Qingyuan Xiniu Bamboo Shoot Integration Development Studio" was established in Qingyuan to promote high-quality development of the bamboo shoot industry [20][21] - The studio aims to integrate media resources across various platforms to enhance brand influence and promote industry stories [24][25] Group 4 - The first socialized service center for the Qingyuan Xiniu Bamboo Shoot industry was established in Yingde, providing comprehensive support across various industry segments [33][36][37] - This center aims to assist in seedling, technology, processing, sales, branding, and financial services for the bamboo shoot industry [38] Group 5 - Guangzhou's modern agriculture sector is set to receive a boost with 15 agricultural projects signed, totaling over 1.5 billion yuan in expected investment [43][44] - The projects focus on advanced agricultural production capabilities, including the artificial breeding of endangered species like the yellow lip fish [41][42]

Core Viewpoint - The corn starch market is experiencing low prices due to a combination of high inventory levels and reduced demand, with expectations of short-term price fluctuations followed by a long-term decline as raw material prices weaken [2][3][5]. Supply and Demand Analysis - Corn prices are at a five-year low, with the national standard second-grade corn price at 2300 RMB/ton, down 70 RMB/ton year-on-year, a decrease of approximately 2.95% [2]. - Corn starch prices are also at a five-year low, with the Shandong national standard first-grade corn starch price at 2890 RMB/ton, down 50 RMB/ton year-on-year, a decrease of about 1.70% [2]. - Domestic corn starch inventory increased by 8.47 million tons in the first seven months of the year, while production decreased by 830,400 tons, leading to a net supply increase of 7.68 million tons [3]. - Major corn starch enterprises have seen a decrease in delivery volume by 809,400 tons year-on-year, indicating lower consumption compared to previous years [3]. Consumption Trends - The summer season typically sees high consumption of starch sugar, with a year-on-year increase in corn starch consumption for starch sugar of 39,000 tons, totaling 1.95 million tons in the first seven months [4]. - The paper industry has maintained a higher operating rate, with corrugated paper and boxboard paper operating rates at 59.83% and 63.55%, respectively, both showing year-on-year increases [4]. - The price advantage of cassava starch is impacting corn starch consumption, as the price gap has narrowed to the lowest level in five years [4]. Future Outlook - As the peak stocking season approaches, there is an expectation of marginal improvement in demand, which may lead to a stronger price performance within a certain range [5]. - However, the long-term outlook remains bearish due to anticipated abundant corn production, which is expected to weaken prices [5].

Group 1 - The Guangdong Provincial Medical Security Bureau has issued a notice to reform outpatient medical insurance payment methods, aiming to enhance the service capabilities of village health stations and activate the professional motivation of rural doctors [6][7]. - The new policies are designed to provide a more robust health security framework for rural residents, thereby improving healthcare access and quality in rural areas [6][7]. Group 2 - The 2025 South China Sea (Maoming Bohe) Fishing Festival is set to commence on August 16, marking the end of a three-and-a-half-month fishing moratorium, which will lead to a peak in seafood availability in the market [9][10]. - This event is expected to inject vitality into the market with the rich marine resources of the South China Sea becoming available to consumers [10][11]. Group 3 - The first session of the "I Choose My Show" new variety selection and marginal land reclamation application observation meeting for water-saving and drought-resistant rice was held in Zhaoqing, showcasing the latest achievements in the industry [41][43]. - The event aims to promote high-quality development in the water-saving and drought-resistant rice industry through collaboration and innovation among various alliance members [50]. Group 4 - The 23rd South China Sea (Yangjiang) Fishing Season will take place from August 15 to 17, with over 3,400 fishing boats expected to set sail, marking the highest number of boats participating in the event's history [39][40].

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The US corn market is experiencing a bottom - side oscillation. The US corn 12 - contract is expected to have limited downside below 400 cents per bushel. Corn auctions are ongoing, and with the upcoming new - season corn harvest in September, the market anticipates that Shandong corn prices may drop below 2,200 yuan/ton when a large amount of North China corn hits the market in mid - October. The 09 corn contract may trade in a narrow range around 2,250 yuan/ton, while the 01 corn contract may decline to around 2,150 yuan/ton under favorable weather conditions. The 09 starch contract is expected to remain weak due to its high price differentials with corn and the 01 starch contract [4]. - For trading strategies, one can consider buying the US corn 12 - contract below 400 cents per bushel, buying the 01 corn contract around 2,150 yuan/ton, and paying attention to the 9 - 1 starch reverse spread opportunity (around 100) and the opportunity to narrow the spread between the 09 corn and starch contracts (420 - 380). Options trading should be on hold [5]. 3. Summary by Directory 3.1 Chapter 1: Comprehensive Analysis and Trading Strategies - **Corn Situation**: The US corn is at the bottom and oscillating, with the price significantly below the cost (480 cents per bushel). The 12 - contract is expected to have limited downside below 400 cents per bushel. As of August 8, 2.89 million tons of corn were up for auction, with 1.18 million tons sold, a 41% success rate. High 09 - contract warehouse receipts (1.5 million tons), reduced domestic planting costs, and large losses in deep - processing industries are causing domestic corn spot prices to decline. The market is shifting focus to new crops, especially in North China, where it is expected that North China corn prices will likely fall below 2,200 yuan/ton in October. The 09 corn contract may trade narrowly around 2,250 yuan/ton, and the 01 corn contract may drop to 2,150 yuan/ton under good weather [4]. - **Starch Situation**: Starch factory operating rates are rising, but downstream demand remains weak. Although corn spot prices are falling, starch spot prices are also dropping, and starch factories are still facing large losses. The operating rates of North China starch enterprises will decline later, and with the upcoming new - corn harvest, North China starch prices will continue to fall. The 09 starch contract is expected to remain weak due to its high price differentials [4]. - **Trading Strategies**: - **Unilateral Trading**: Consider buying the US corn 12 - contract below 400 cents per bushel. The 09 corn contract may trade in a narrow range of 2,230 - 2,280 yuan/ton, and the 01 corn contract can be bought around 2,150 yuan/ton [5]. - **Arbitrage**: Pay attention to the 9 - 1 starch reverse spread opportunity around 100 and the opportunity to narrow the spread between the 09 corn and starch contracts (420 - 380) [5]. - **Options**: Hold off on options trading [5]. 3.2 Chapter 2: Core Logic Analysis 2.1 International Market - **US Corn Weather and Supply - Demand**: Favorable weather conditions are contributing to the bottom - side oscillation of US corn. The US corn import tariff is 26% for corn and 23% for sorghum. The domestic import profit has widened, with a 390 - yuan profit in the Guangdong port as Brazilian corn is expected to arrive at 2,040 yuan/ton in September while the Guangdong port price is 2,430 yuan/ton [8]. - **US Corn Export and Inventory**: As of July 31, the weekly US corn export inspection volume was 1.21 million tons, with a cumulative export volume of 61.56 million tons. The weekly export volume to China was 0 tons, and the cumulative export volume to China was 270,000 tons, accounting for 0.04%. In June, 160,000 tons of corn were imported, and from January to June, the cumulative import volume was 790,000 tons, compared with 11.05 million tons in the same period last year [9]. - **US Corn Non - Commercial Net Short and Ethanol Production**: As of July 29, the non - commercial net short position of US corn decreased to 130,000 lots, and US ethanol production rebounded. The US corn 12 - contract is expected to have limited downside below 400 cents per bushel in the short term [15]. 2.2 Domestic Market - **Deep - Processing and Feed Inventory**: Feed enterprise corn inventories are decreasing but are higher than the same period last year. As of August 7, the average corn inventory of 47 large - scale feed mills was 30.44 days, a decrease of 0.14 days from the previous week and a 3.4% increase from the same period last year. Deep - processing consumption is rising, with 1.1646 million tons of corn consumed by 149 major corn deep - processing enterprises from August 1 to August 8, an increase of 26,900 tons from the previous week. Deep - processing inventories are decreasing, with the inventory of 96 deep - processing enterprises at 3.643 million tons as of August 6, a 4.06% decrease from the previous week [19][20]. - **Port Inventories**: Northern port corn inventories are declining, while southern port grain inventories are stable. On August 1, the corn inventory at the four northern ports was 1.905 million tons, a decrease of 201,000 tons from the previous week, and the four - port shipping volume was 240,000 tons, a decrease of 153,000 tons from the previous week. In the Guangdong port, the total grain inventory increased by 22,000 tons to 1.728 million tons [23]. - **Starch Market**: Starch factory operating rates are rising, with the national corn processing volume at 560,500 tons and the starch production at 278,500 tons from August 1 to August 7, an increase of 10,700 tons from the previous week. The operating rate reached 53.83%, a 2.07% increase from the previous week. Although corn prices are falling, starch prices are also dropping, and the profit loss is expanding. The Heilongjiang profit per ton of corn is - 107 yuan/ton, an increase of 17 yuan from the previous week, while the Shandong profit is - 118 yuan/ton, a decrease of 18 yuan from the previous week. Starch inventories are rising, with the inventory at 1.32 million tons as of August 6, an increase of 27,000 tons from the previous week, a 2.1% increase [26]. - **Substitute Products**: Wheat prices are basically stable, with the North China arrival price around 2,450 yuan/ton. The price differential between wheat and corn is widening, North China corn prices are falling while Northeast corn prices are relatively strong, and the price differential between North China and Northeast corn is expanding [32]. 3.3 Chapter 3: Weekly Data Tracking - **Livestock and Poultry Farming**: From August 1 to August 7, the self - breeding and self - raising profit for pigs was 31 yuan/head, a decrease of 13 yuan/head from the previous week, and the profit from purchasing piglets was - 187 yuan/head, a decrease of 16 yuan/head from the previous week. The white - feather broiler farming profit was 1.16 yuan per chicken, compared with 0.03 yuan per chicken in the previous week. The egg - laying hen farming cost was 3.54 yuan per catty, and the profit was - 0.53 yuan per catty, compared with - 0.29 yuan per catty in the previous week [42][48]. - **Starch Downstream Consumption**: The F55 high - fructose corn syrup operating rate was 58.12%, an increase of 0.69% from the previous week, and the maltose syrup operating rate was 46.9%, an increase of 3.32% from the previous week. The corrugated paper operating rate was 61.9%, a decrease of 1.22% from the previous week, and the box - board paper operating rate was 68.68%, an increase of 1.33% from the previous week [51]. - **Price and Spread Data**: The report also tracks prices of corn and substitute products, as well as various price spreads such as corn 09 basis, corn 9 - 1 spread, and corn starch 9 - 1 spread [52][60].