Core Points - The recent US-EU trade agreement has sparked public backlash in Europe, with the US imposing a 15% tariff on most EU products while the EU commits to significant purchases of US energy and military equipment [1][2] Group 1: Agreement Details - The agreement reached on July 27 includes a 15% tariff cap on EU goods, applicable to nearly all EU exports subject to reciprocal tariffs, with exceptions for certain products [5][6] - The US will maintain a 15% tariff cap on future tariffs for pharmaceuticals and semiconductors until a decision is made under Section 232 [5] - The EU plans to procure $750 billion (approximately €700 billion) worth of US liquefied natural gas, oil, and nuclear products over the next three years [6][10] Group 2: Legal and Political Implications - The agreement is described as a framework or political agreement, lacking legal binding force, which raises questions about the enforceability of commitments made [3][7] - The use of terms like "intends" and "interested" in the EU's commitments has led to skepticism regarding the actual execution of these promises [10] - The EU and US are expected to negotiate further to solidify the agreement, with a non-binding joint statement anticipated before August 1 [9][10] Group 3: Economic Context - In 2024, trade between the US and EU is projected to exceed €1.6 trillion, with daily exchanges of over €4.2 billion in goods and services [10] - The investment between US and EU companies reached €5.3 trillion in 2022, highlighting the significance of the economic relationship [10]

Group 1 - The company, Morning Light Bio, announced that it has officially obtained a patent certificate issued by the National Intellectual Property Administration [2] - The subsidiary, Hebei Morning Light Testing Technology Service Co., Ltd., has also received a software copyright registration certificate from the National Copyright Administration [2]

Group 1 - The core idea of the news is the successful implementation of the "Rural Creation Community" model in Lanling County, which integrates local resources with cultural heritage to promote rural revitalization and economic development [1][2][3] - The "Dazhong Eighteen Workshops" cultural industry park in Dazhong Village has become a popular tourist destination, receiving over 3,000 visitors daily during peak times, showcasing the effectiveness of combining local characteristics with intangible cultural heritage [1] - The investment of 540 million yuan in the Niubang Cultural Rural Creation Community Demonstration Park aims to enhance the value chain of the burdock industry and stimulate local economic growth [1] Group 2 - Lanling County has established 21 "Rural Creation Communities" and one Lanling (Shanghai) Rural Creation Center, benefiting 155,000 people, 289 enterprises, 670 cooperatives, and 1,678 other business entities, creating a development pattern of "one community per township" [3] - The county has developed mechanisms to connect farmers with various business entities, encouraging cooperation in high-efficiency agriculture, deep processing of agricultural products, rural e-commerce, ecological leisure agriculture, and rural tourism [2] - The establishment of the Lanling (Shanghai) Rural Creation Center has facilitated the connection of local agricultural products with the Shanghai market, enhancing sales channels and promoting organic integration of urban and rural resources [2]

1. Report Industry Investment Rating - No information provided on the industry investment rating. 2. Core View of the Report - After the US corn planting is completed, the US corn market is weak. With the reduction of Sino - US tariffs, the US corn price continues to decline, but the potential for further decline is limited due to possible weather - related speculations. China has reinstated a 15% tariff on US corn, with a total of 26% tariff within the quota, and a 22% tariff on US sorghum. Foreign corn imports are profitable, with the August import price from Brazil at 1,971 yuan. The domestic corn market has different trends in different regions, with short - term stability in the north and tight supply in North China. The corn starch market sees inventory reduction, and the price is affected by corn price and downstream stocking. The 09 contracts of both corn and starch are expected to have narrow - range fluctuations [5][7][8][9]. 3. Summary by Relevant Catalogs 3.1 Data 3.1.1 Futures Disk - For corn futures, C2601 closed at 2,218 with a 0.14% increase, C2605 at 2,263 with no change, C2509 at 2,312 with a 0.43% increase. Their trading volumes decreased by 47.04%, 46.94%, and 32.39% respectively, and the open interests decreased by 2.28%, 2.85%, and 5.54% respectively. For corn starch futures, CS2601 closed at 2,596 with no change, CS2605 at 2,638 with a 0.04% increase, CS2509 at 2,683 with a 0.63% increase. Their trading volumes decreased by 30.17%, 46.09%, and 38.71% respectively, and the open interests changed by 3.77%, 9.67%, and - 5.63% respectively [3]. 3.1.2 Spot and Basis - Corn spot prices in different regions showed different trends. For example, the price in Qinggang was 2,270 yuan with no change, while the price in Shouguang increased by 20 yuan. The basis for corn in different regions ranged from - 72 to 218. Starch spot prices also varied. The price of Longfeng starch increased by 50 yuan, and the basis for starch in different regions ranged from 162 to 382 [3]. 3.1.3 Spread - Corn inter - delivery spreads: C01 - C05 was - 45 with a 3 - point increase, C05 - C09 was - 49 with a 10 - point decrease, C09 - C01 was 94 with a 7 - point increase. Starch inter - delivery spreads: CS01 - CS05 was - 42 with a 1 - point decrease, CS05 - CS09 was - 45 with a 16 - point decrease, CS09 - CS01 was 87 with a 17 - point increase. Cross - variety spreads: CS09 - C09 was 371 with a 7 - point increase, CS01 - C01 was 378 with a 3 - point decrease, CS05 - C05 was 375 with a 1 - point increase [3]. 3.2 Market Judgment 3.2.1 Corn - The US corn market is weak but has limited downside due to potential weather speculation. China's tariff policies on US corn and sorghum are in place, and foreign corn imports are profitable. The northern port flat - hatch prices are stable, and the Northeast corn is stable. North China's corn supply is tight, and the wheat - corn substitution continues. The domestic corn demand is weak, and the short - term corn spot price is relatively stable. The 09 corn contract is expected to have narrow - range fluctuations [5][7]. 3.2.2 Starch - The number of vehicles arriving at Shandong deep - processing plants has increased, and the Shandong corn spot price is strong. The starch inventory has decreased this week, with the factory inventory at 129.3 million tons, a decrease of 1.8 million tons from last week. The by - product price is strong, and the spot price difference between corn and starch is low. The 09 starch contract is expected to have narrow - range fluctuations [8]. 3.3 Trading Strategy - Unilateral: The domestic 09 corn will continue to have narrow - range fluctuations, and it is recommended to wait and see. - Arbitrage: Buy spot and short 09 corn in a rolling manner, and wait and see on the spread between 09 corn and starch [9][10]. 3.4 Corn Options - For enterprises with spot, they can close out short positions of corn call options, or short - term investors can try to sell on rallies [13]. 3.5 Relevant Attachments - The attachments include charts of corn spot prices in different regions, corn 09 contract basis, corn 9 - 1 spread, corn starch 9 - 1 spread, corn starch 09 contract basis, and corn starch - corn 09 contract spread, which help to visually understand the price trends and relationships of corn and corn starch [14][16][20].

智通财经APP讯，大成玉米集团(03889)发布公告，本集团预期将于截至2025年6月30日止期间(呈报期) 取得净亏损约6500万港元至 8500万港元，而截至2024年6月30日止期间(去年同期)则取得溢利净额约 1.66亿港元。 该变动主要是由于呈报期内并无确认以下一次性收益所致，于2024年1月完成中国信达资产管理股份有 限公司吉林省分公司(作为债权人)，锦州元成生化科技有限公司(作为债务人)，及上海好成食品发展有 限公司(作为担保人)(后两者均为本公司的间接全资附属公司)订立的债务重组协议后取得的未经审核的 一次性收益约1.676亿港元;及就于2024年4月出售本公司的前全资附属公司大成零售投资有限公司及其 附属公司取得未经审核的一次性收益约5410万港元。 ...

大成玉米集团(03889)发布公告，本集团预期将于截至2025年6月30日止期间(呈报期)取得净亏损约6500 万港元至8500万港元，而截至2024年6月30日止期间(去年同期)则取得溢利净额约1.66亿港元。 该变动主要是由于呈报期内并无确认以下一次性收益所致，于2024年1月完成中国信达资产管理股份有 限公司吉林省分公司(作为债权人)，锦州元成生化科技有限公司(作为债务人)，及上海好成食品发展有 限公司(作为担保人)(后两者均为本公司的间接全资附属公司)订立的债务重组协议后取得的未经审核的 一次性收益约1.676亿港元;及就于2024年4月出售本公司的前全资附属公司大成零售投资有限公司及其 附属公司取得未经审核的一次性收益约5410万港元。 ...

格隆汇7月30日丨大成玉米集团(03889.HK)公告，集团预计截至2025年6月30日止中期录得净亏损介于约 65,000,000港元至85,000,000港元，而去年同期则录得溢利净额约165,600,000港元。 该变动主要是由于呈报期内并无确认以下一次性收益所致：(a)于2024年一月完成(i)中国信达资产管理 股份有限公司吉林省分公司（作为债权人），(ii)锦州元成生化科技有限公司（作为债务人），及(iii)上 海好成食品发展有限公司（作为担保人）（后两者均为公司的间接全资附属公司）订立的债务重组协议 后录得的未经审核的一次性收益约167,600,000港元；及(b)就于2024年四月出售公司的前全资附属公司 大成零售投资有限公司及其附属公司录得未经审核的一次性收益约54,100,000港元。 ...

Core Viewpoint - Jinhe Biology announced the convening of its 28th meeting of the 6th Board of Directors on July 30, 2025, to review the full and summary reports of the 2025 semi-annual report [2] Revenue Composition - For the year 2024, the revenue composition of Jinhe Biology is as follows: - Veterinary chemical drugs account for 52.06% - Agricultural product processing accounts for 24.53% - Veterinary biological products account for 14.5% - Environmental protection business accounts for 6.04% - Others account for 2.54% [2]

企查查APP显示，青岛华菇云汇生物科技有限公司成立，法定代表人为李海涛，经营范围包含：蔬菜、 水果和坚果加工；农产品的生产、销售、加工、运输、贮藏及其他相关服务等。企查查股权穿透显示， 该公司由双塔食品（002481）旗下山东艾泽福吉生物科技有限公司等共同持股。 （原标题：双塔食品等在青岛投资成立生物科技公司） ...

Group 1 - The article emphasizes the importance of transforming foreign exchange facilitation policies into tangible support for enterprises expanding into international markets [1][9] - The establishment of the "Laiwu Trade and Foreign Exchange Service Team" aims to create an "open, convenient, and secure" cross-border financial ecosystem, focusing on precise policy delivery and efficient problem-solving [1][8] - The Laiwu Foreign Exchange Bureau has shifted from a passive approach to actively delivering services to enterprises, addressing their specific needs through personalized guidance [8][9] Group 2 - TaiFeng Food Co., a significant agricultural processing export enterprise, faced challenges in offshore trading due to stringent documentation requirements from banks [3][4] - The service team facilitated communication between TaiFeng Food and banks, allowing for a more flexible approach to documentation, thus enabling the company to expand its global market reach [4][6] - JiuYang Industrial Co., a major steel producer, reported improvements in handling trade refunds due to the service team's intervention, which simplified processes and reduced costs [6][8] Group 3 - The Laiwu Foreign Exchange Bureau's proactive measures have led to a significant increase in enterprises' satisfaction with policy accessibility, with 85 companies visited and 41 issues resolved in the first half of 2025 [8][9] - The focus on understanding and addressing the unique challenges faced by enterprises has resulted in a more effective implementation of foreign exchange policies [8][9]