Group 1 - The core viewpoint of the news is that Shandong Province has achieved significant growth in agricultural product exports in the first half of the year, with a total export value of 804.7 billion yuan, marking a 3.5% increase compared to the previous year, which is 0.5 percentage points higher than the national growth rate [1] - Major categories of agricultural exports include vegetables and edible fungi (206.8 billion yuan), aquatic products (175.9 billion yuan), and dried and fresh fruits and nuts (50.3 billion yuan), all showing strong growth [1] - Garlic has emerged as a star product, with a unit price of 24.3 yuan per kilogram for dried garlic, significantly higher than the approximately 9 yuan per kilogram for fresh garlic, indicating a substantial increase in export value [1] Group 2 - Shandong Province is diversifying its export markets, with products exported to 242 countries and regions, an increase of 10 compared to the same period last year, and 41 trading partners with export scales exceeding 5 billion yuan, up by 5 [2] - The province is actively promoting the "Ten Thousand Enterprises Going Global" initiative, which has shown significant results in expanding its international trade footprint [2] - The customs authority is enhancing regulatory efficiency and service levels to support enterprises in expanding their international cooperation, while also implementing measures to facilitate agricultural product exports [2]

(活力中国调研行)青海东部小村观"花海"走"花路" 中新网青海海北7月23日电 题：青海东部小村观"花海"走"花路" 作者 潘雨洁 韩仪 午间，边麻沟花海天气晴朗，青海省西宁市大通县青少年活动中心的几十名小学生正坐在草地边写生。 顺着他们的视角看去，目之所及绿意正浓，远处满山葱郁、树木成荫，眼前五颜六色的花圃仿佛打翻的 调色盘，生机盎然尽收眼底。 边麻沟花海景区位于青藏高原与黄土高原的中心地带、青海省东部大通回族土族自治县的朔北藏族乡边 麻沟村。该村距离县城14公里，海拔2700米，汉、藏、土等民族聚居。 花海间，土族村民张生莲正在招待帐篷里的游客。"已经上几年班了，每月能挣四千多元(人民币，下 同)，这里离家近、照顾孩子方便，我还介绍了亲戚邻居一起来。"她说。 "目前，景区设置固定岗位近120个、临时工日均50人左右，带动本乡及周边乡镇村民就近就业。"边麻 沟花海景区总经理李振海介绍。 "一半以上的村民都在县城买了房，精气神与从前不一样。"在李振海看来，"花海'打卡'的不仅是游客眼 中的风景，更是村民们的幸福生活。" 百公里之外，海北藏族自治州门源回族自治县的油菜花海吸引游客驻足拍照。再过两月，万亩花田将迎 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The market shows a complex trend, with various commodities and financial indices having different performances. The macro - economic environment has multiple influencing factors, and investors need to pay attention to policy changes and market supply - demand relationships [7][8][11]. - For different sectors, such as agriculture, energy - chemical, industrial metals, and option - finance, the market is expected to have different trends, including shocks, upward or downward movements, and investors should make decisions based on specific market conditions [11][14][17]. 3. Summary by Related Catalogs 3.1 Commodity Index Daily Market Tracking - **Macro Indicators**: On July 23, 2025, at 08:00, the Dow Jones Industrial Index was 44502.44, up 0.405% from the previous day; the Nasdaq Index was 20892.69, down 0.388%; the S&P 500 was 6309.62, up 0.064%; the Hang Seng Index was 25130.03, up 0.544%. The SHIBOR overnight rate was 1.32, down 3.587%; the US dollar index was 97.48, up 0.129%; the US dollar against the RMB (CFETS) remained unchanged [2]. - **External Futures Contracts**: COMEX gold was 3444.00, up 0.988%; COMEX silver was 39.66, up 1.070%; LME copper was 9898.00, up 0.314%; LME aluminum was 2652.00, up 0.417%; LME zinc was 2853.50, up 0.316%; LME lead was 2014.50, down 0.025%; LME tin was 33920.00, up 0.728%; LME nickel was 15530.00, up 0.129%; ICE 11 - sugar was 16.26, down 0.611%; ICE 2 - cotton was 68.26, up 0.250%; CBOT soybeans was 1026.00, down 0.073%; CBOT soybean meal was 286.90, up 0.702%; CBOT soybean oil was 55.48, down 0.573%; CBOT corn was 417.50, down 1.183%; NYMEX crude oil was 65.45, down 0.502%; ICE Brent crude was 68.67, down 0.608% [2]. - **Domestic Futures Contracts - Metals**: Gold was 792.94, up 1.032%; silver was 9453.00, up 0.639%; copper was 79970.00, up 0.288%; zinc was 22970.00, up 0.109%; aluminum was 20925.00, up 0.120%; tin was 269320.00, up 0.298%; lead was 16945.00, up 0.089%; nickel was 123730.00, up 0.008%; iron ore was 818.50, down 0.547%; alumina was 3487.00, down 0.740%; rebar was 3302.00, down 0.151%; stainless steel was 12975.00, up 0.348%; hot - rolled coil was 3464.00, down 0.374% [2]. - **Domestic Futures Contracts - Chemicals**: Coking coal was 1135.50, up 8.298%; coke was 1731.50, up 2.003%; natural rubber was 15075.00, up 0.10%; 20 - rubber was 12900.00, up 0.350%; plastic was 7346.00, down 0.299%; polypropylene PP was 7147.00, down 0.293%; PTA was 4802.00, up 0.167%; asphalt was 3613.00, up 0.111%; methanol was 2449.00, down 0.326%; ethylene glycol was 4460.00, up 0.292%; styrene was 7452.00, down 0.388%; glass was 1237.00, down 0.961%; crude oil was 503.80, down 0.099%; fuel oil was 2873.00, down 1.744%; soda ash was 1380.00, up 0.364%; pulp was 5468.00, up 1.863%; caustic soda was 2645.00, down 0.489%; PX was 6878.00, down 0.116%; LPG was 3984.00, up 0.378% [5]. - **Domestic Futures Contracts - Agricultural Products**: Yellow soybean No.1 was 4241.00, up 0.213%; yellow soybean No.2 was 3730.00, up 0.188%; soybean meal was 3092.00, up 0.194%; rapeseed meal was 2738.00, up 0.073%; soybean oil was 8072.00, down 0.050%; rapeseed oil was 9450.00, down 0.285%; palm oil was 8954.00, up 0.314%; white sugar was 5819.00, down 0.069%; yellow corn was 2303.00, down 0.818%; corn starch was 2660.00, down 0.30%; No.1 cotton was 14235.00, up 0.070%; cotton yarn was 20450.00, up 0.098% [5]. 3.2 Macro - economic News - At the end of the second quarter, the balance of RMB real - estate loans was 53.33 trillion yuan, with a year - on - year increase of 0.4%, and personal housing loan balance was 37.74 trillion yuan, with a year - on - year decrease of 0.1% [7]. - The US reached trade agreements with the Philippines and Indonesia, with tariff adjustments and market - opening measures [7]. - The "Regulations on Rural Highways" will be implemented on September 15, 2025, aiming to promote the high - quality development of rural highways [7]. - The US - China new - round negotiation may discuss China's purchase of oil from Russia and Iran, and China hopes to promote the stable and healthy development of bilateral relations through dialogue [8]. - China is dissatisfied with the WTO's arbitration ruling in the China - EU trade dispute and will handle it properly according to WTO rules [8]. - In the first half of the year, non - bank sector cross - border capital inflows were 127.3 billion US dollars, and foreign investors net - increased holdings of domestic stocks and funds by 10.1 billion US dollars, reversing the net - reduction trend of the past two years [8]. - Central enterprises are required to actively participate in urban development and new - quality productivity construction [8]. - More than 66 million consumers bought over 109 million home appliances through trade - in programs, and over 69 million consumers bought over 74 million digital products this year [9]. - In the first half of the year, China's shipbuilding completion, new orders, and order backlog ranked first globally [9]. 3.3 Morning Meeting Views on Major Varieties - **Agricultural Products**: Peanut market is in a weak supply - demand situation, with prices expected to be weakly volatile; the oil market is expected to be volatile, with increased exports of soybeans and palm oil; sugar futures are affected by supply - demand factors, with prices in a key range; corn is in a game between policy support and weak demand, with suggestions to go long lightly; the pig market is oversupplied, with prices adjusting; the egg market has rising prices due to reduced production and increased demand [11][14]. - **Energy and Chemicals**: Caustic soda has strong cost support and rising market sentiment, with attention to the 9 - 11 reverse spread; urea prices are expected to be strongly volatile, with attention to export quotas and autumn fertilizer procurement; copper prices are expected to be sorted in a high - level range, and aluminum prices are expected to be volatile at high levels; alumina prices are expected to continue to be strong; steel prices are expected to be firm in the short term; ferroalloys may continue to rise with policy expectations; double - coking coal prices are strongly trending; lithium carbonate prices are driven by policies and rising ore prices, with suggestions to go long at low levels but beware of selling pressure [14][16][17]. - **Option - finance**: The A - share market maintains a slow - bull trend, with the market style possibly switching; in the short term, the operation is optimistic, with attention to the low - buying opportunities of IF, IM, and IC; in the option market, trend investors can pay attention to the strength - weakness arbitrage opportunities between varieties, and volatility investors can buy straddles to go long on volatility [17][18][19].

Group 1 - The article highlights the focus on modern agricultural development and rural revitalization in various cities in Guangdong province, emphasizing tailored strategies for local conditions [4][5][6][10] - Guangzhou aims to implement high-quality marine economic development, while Meizhou is promoting comprehensive land remediation and large-scale agricultural land transfer [5][6] - Zhaoqing is fostering cooperation between schools and localities to support agricultural projects, and Chaozhou is advancing modern marine ranching initiatives [8][9] Group 2 - The article discusses the introduction of policies in Shantou to support micro-short films, with a maximum subsidy of 500,000 yuan, and the establishment of a rural "future community" in Shaoguan [16][17] - Guangxi Sanjiang Biotechnology Company is promoting a new drinkable camellia oil product, which will be showcased at an upcoming brand promotion event in Guangzhou [20][24][26] - The mango industry in Baise Tianyang District is highlighted as a significant employment driver, creating job opportunities and increasing local income through a complete industrial chain from planting to sales [28][30][33] Group 3 - The article mentions the launch of the first city-level "media+" action plan in Zhanjiang, aimed at enhancing the agricultural product market system in Guangdong [35][38] - The plan is part of a broader initiative to leverage media resources to strengthen the modern rural industrial system in the province [36][38]

Report Industry Investment Ratings - Crude oil: Adjusted from bullish to neutral and oscillatory [1] - Precious metals: Wide - range oscillation, not advisable to chase the uptrend [2] - Copper: Resistance at the upper integer level, cautious trading [3] - Aluminum: Short - term high - level oscillation, resistance around 21,000 yuan [4] - Cast aluminum alloy: More support compared to aluminum prices [5] - Alumina: High - level operation, beware of correction risks [6] - Zinc: Temporary wait - and - see, inclined to short above 23,000 [7] - Tin: Hold or increase short positions in far - month contracts [9] - Polysilicon: Temporary wait - and - see [10] - Industrial silicon: Expected to oscillate upward [11] - Rebar and hot - rolled coil: The futures market is expected to remain strong [12] - Iron ore: Short - term upward trend, but note increased volatility [13] - Coke: Likely to maintain the uptrend in the short term [14] - Coking coal: Likely to maintain the uptrend in the short term [15] - Manganese silicon: Follow the rebar trend, with a relatively small increase [16] - Ferrosilicon: Follow the rebar trend, with relatively weak increase [17] - Container Shipping Index (European Line): Short - term wide - range oscillation [18] - Fuel oil and low - sulfur fuel oil: FU is resistant to decline, LU follows crude oil [19] - Asphalt: BU cracking margin is expected to be supported [20] - Liquefied petroleum gas: The futures market runs weakly [21] - Urea: Expected to oscillate upward in the short term [22] - Methanol: The sustainability of the increase remains to be seen [23] - Pure benzene: Monthly spread band - trading, long in the short - to - medium term, short in the fourth quarter [24] - Styrene: The supply - demand contradiction is difficult to change in the short term [25] - Polypropylene and plastic: Market sentiment improves, but fundamentals remain weak [25] - PVC and caustic soda: PVC follows the overall sentiment in the short term, caustic soda is affected by macro factors [26] - PX and PTA: Wait for downstream demand to recover [27] - Ethylene glycol: Short - term long - position allocation, beware of pressure at previous highs [28] - Short - fiber and bottle - grade chips: Consider long - position allocation for short - fiber in the medium term [29] - Glass: Follow macro sentiment in the short term, pay attention to capacity reduction in the long term [30] - 20 - rubber, natural rubber, and butadiene rubber: Adopt a rebound strategy [31] - Soda ash: Follow macro sentiment in the short term, pay attention to capacity elimination [32] - Soybean and soybean meal: Oscillate before tariff and weather issues are clear [33] - Soybean oil and palm oil: Long - position allocation on dips [34] - Rapeseed and rapeseed oil: Short - term wait - and - see [35] - Soybean No.1: Follow weather and policy guidance in the short term [36] - Corn: Dalian corn futures may continue to oscillate at the bottom [37] - Live pigs: Follow policy guidance, far - month contracts are stronger [38] - Eggs: Seasonal rebound, pay attention to cold - storage egg release [39] - Cotton: Temporary wait - and - see or intraday trading [40] - Sugar: Expected to oscillate [41] - Apples: Temporary wait - and - see [42] - Wood: Temporary wait - and - see [43] - Pulp: Temporary wait - and - see or light long - position on dips [44] - Stock index: Risk preference is expected to be oscillatory and bullish, increase allocation to technology growth [45] - Treasury bonds: Expected to oscillate in the short term, with an increased probability of a steeper yield curve [46] Core Views - The international oil price is affected by factors such as tariffs and geopolitics, showing a trend of first pressure and then potential support [1] - Precious metals are affected by macro - sentiment and policy uncertainty, showing wide - range oscillations [2] - Base metals are affected by factors such as tariffs, supply - demand, and inventory, with different trends [3][4][7] - Energy and chemical products are affected by factors such as supply - demand, policies, and international sanctions, with diverse price trends [19][20][21] - Agricultural products are affected by factors such as weather, trade policies, and supply - demand, with different investment strategies [33][34][35] - Financial products are affected by factors such as economic data, policies, and trade agreements, showing different trends [45][46] Summary by Categories Energy - Crude oil: Overnight international oil prices declined, and the market rating was adjusted to neutral and oscillatory. The impact of tariffs and geopolitics on oil prices is significant [1] - Fuel oil and low - sulfur fuel oil: The fuel oil system futures are under pressure, but FU is resistant to decline, and the spread between high - and low - sulfur fuels continues to shrink [19] - Asphalt: The August refinery production plan decreased, and the low - inventory pattern supports the BU cracking margin [20] - Liquefied petroleum gas: Overseas markets are weak, and the domestic market is expected to stabilize under the situation of weak supply and demand [21] Metals - Precious metals: Overnight precious metals rose, and they are expected to oscillate widely due to policy uncertainty [2] - Base metals: - Copper: Overnight copper prices rose, and the market is waiting for the US tariff decision [3] - Aluminum: Aluminum prices are oscillating at a high level, and the cost provides support, but the inventory increase restricts the upward space [4][8] - Zinc: The supply pressure increases, and the short - term support is followed by the risk of a decline [7] - Tin: The price approaches the resistance area, and short positions in far - month contracts are recommended [9] - Alumina: It is at a high level, and the risk of a correction after a sharp increase needs attention [6] - Cast aluminum alloy: It is relatively strong compared to aluminum prices, and the supply shortage provides support [5] Chemicals - Polysilicon: The futures price hits the daily limit, and the cost transfer needs to be focused on [10] - Industrial silicon: Driven by polysilicon, it is expected to oscillate upward [11] - Methanol: Affected by coal production inspections, the sustainability of the increase remains to be seen [23] - Pure benzene: The spot price lags behind, and the monthly spread trading strategy is recommended [24] - Styrene: The supply and demand both increase slightly, and the inventory continues to accumulate [25] - Polypropylene and plastic: The market sentiment improves, but the fundamentals remain weak [25] - PVC and caustic soda: PVC is affected by capacity elimination and upstream news, and caustic soda is affected by macro factors [26] - PX and PTA: The price is under pressure, and the recovery of downstream demand is awaited [27] - Ethylene glycol: It is temporarily strong, but the supply increase may weaken the upward momentum [28] - Short - fiber and bottle - grade chips: Short - fiber may be long - position allocated in the medium term [29] Building Materials - Rebar and hot - rolled coil: The steel price oscillates, and the market sentiment is optimistic due to policies [12] - Iron ore: The supply increases, and the demand is stable. The short - term trend is upward [13] - Coke: The price continues to rise, and the inventory decreases slightly [14] - Coking coal: The price hits the daily limit, and the inventory is expected to continue to decline [15] - Manganese silicon: The inventory decreases, and it follows the rebar trend [16] - Ferrosilicon: The demand is acceptable, and it follows the rebar trend with a weak increase [17] - Glass: Driven by macro - sentiment, the price rises, and the long - term focus is on capacity reduction [30] Agricultural Products - Soybean and soybean meal: The US soybean good - quality rate declines slightly, and the price is expected to oscillate before the tariff and weather issues are clear [33] - Soybean oil and palm oil: The price oscillates, and long - position allocation on dips is recommended [34] - Rapeseed and rapeseed oil: The price of Canadian rapeseed declines, and short - term wait - and - see is recommended [35] - Soybean No.1: It rebounds strongly, and the short - term focus is on weather and policies [36] - Corn: The US corn grows well, and the Dalian corn futures may oscillate at the bottom [37] - Live pigs: The futures market is strong, and the focus is on policy implementation [38] - Eggs: The price enters the seasonal rebound stage, and the cold - storage egg release needs attention [39] - Cotton: The price rises slightly, and temporary wait - and - see or intraday trading is recommended [40] - Sugar: The price is expected to oscillate due to factors such as production and trade [41] - Apples: The price of new - season early - maturing apples increases, and temporary wait - and - see is recommended [42] - Wood: The price oscillates, and the short - term upward momentum is insufficient [43] - Pulp: The price rises, and temporary wait - and - see or light long - position on dips is recommended [44] Financial Products - Stock index: The A - share market rises, and the risk preference is expected to remain strong. Increase allocation to technology growth [45] - Treasury bonds: The price declines, and the short - term oscillation is expected, with a steeper yield curve [46]

Main Variety Views Macroeconomy - Overseas: Trump reached a trade deal with Japan, the US imposed a 19% tariff on Philippine goods, the US - Indonesia agreement was finalized, and China - US will restart trade negotiations in Sweden. The dollar index fell to 97.3, and the 10Y US Treasury yield dropped to 4.35%. [2] - Domestic: A 1.2 - trillion Tibet hydropower project and industry supply - side optimization policies boosted market sentiment. The Shanghai Composite Index reached 3580, and the trading volume in the two markets rebounded to 1.93 trillion. [2] Precious Metals - International precious metal prices rose. Gold reached a nearly five - week high above $3400 per ounce, and silver neared $40. Trade uncertainties and low US bond yields drove the increase. [3] - With the US - EU trade negotiation at a standstill and political intervention risks, the safe - haven appeal of precious metals increased. Prices are expected to be volatile and bullish. [3][4] Copper - The main contract of Shanghai copper and LME copper rose. The domestic spot market was active, and LME inventory increased to 12.5 tons. [5] - Trump's pressure on Powell, China's policies, and supply - demand fundamentals are expected to keep copper prices bullish in the short term. [5][6] Aluminum - Shanghai and LME aluminum prices rose. Aluminum ingot inventory increased, and aluminum rod inventory decreased. [7] - High overseas macro uncertainties and domestic policies boosted sentiment. Despite the high price and off - season consumption, the market is still bullish. [7] Alumina - Alumina futures and spot prices rose. Some enterprises plan to conduct maintenance in late July, tightening supply. [8][9] - Alumina is expected to remain bullish, but over - heating risks should be noted. [9] Zinc - Shanghai and LME zinc prices were bullish. The spot market was affected by high prices, and the transaction was mainly among traders. [10] - Overseas uncertainties, domestic policies, and LME's potential squeeze situation are expected to drive zinc prices to continue to rebound. [10] Lead - Shanghai and LME lead prices were volatile. The supply of electrolytic lead and recycled lead was limited, and downstream consumption improvement was limited. [11] - With cost support and limited upward drivers, lead prices will be volatile. [11] Tin - Shanghai and LME tin prices were bullish. The market atmosphere was warm, but the fundamentals were weak, with inventory likely to increase. [12] - Tin prices may be bullish in the short term due to capital, but continuous growth is not supported. [12] Industrial Silicon - The main contract of industrial silicon rose significantly. The spot price increased, and the warehouse receipt inventory decreased due to reduced production. [13] - Supply contraction and policies are expected to keep industrial silicon prices bullish in the short term. [13][14] Carbonate Lithium - Carbonate lithium futures and spot prices rose. Policy intervention and production line maintenance affected the market. [15] - Policy - driven lithium prices may be bullish, but demand - side signals need attention. [15][16] Nickel - Nickel prices were bullish. Nickel ore prices were weakening, and nickel - related products showed different trends. [17][18] - Overseas trade risks and domestic policies will make nickel prices volatile. [18] Crude Oil - Crude oil prices were weak. US API inventory decreased, and global oil demand growth may be affected by the economy and tariffs. [19] - Geopolitical risks are cooling, and the market is in a short - term bullish and long - term bearish situation. Short - term prices will be volatile. [19] Steel and Iron Ore - Steel futures were bullish. Coal policies and production control supported steel prices. [20] - Iron ore futures were bullish. Port inventory increased, and the market was driven by macro factors and improved fundamentals. [21] Bean and Rapeseed Meal - Bean and rapeseed meal futures rose. Brazilian soybean exports may decrease, and US soybean压榨利润 decreased. [22] - Weather in August and trade agreements will affect prices. Domestic policies and supply expectations will keep prices volatile. [22][23] Palm Oil - Palm oil futures rose. Malaysian palm oil production may increase, and exports decreased in the first 20 days of July. [24] - Domestic policies and potential supply - demand tightening are expected to make palm oil prices volatile and bullish. [25][26] Metal Main Variety Trading Data - The report provides the closing price, change, change percentage, trading volume, and open interest of various metal futures contracts on July 22, 2025. [27] Industrial Data Perspective - The report presents detailed data on copper, nickel, zinc, lead, aluminum, alumina, tin, precious metals, steel, iron ore, coke, coal, carbonate lithium, industrial silicon, and bean and rapeseed meal, including price changes, inventory, and basis. [28][33][35]

期货热点追踪 相关链接 全球菜籽粕市场洗牌在即！俄罗斯油菜籽加工量攀升至纪录高位、印度低价策略抢占市场，谁将取代加 拿大成为新霸主？点击了解。 ...

首席点评 ： 我国外汇市场表现韧性，美国关税政策仍存扰动 美国总统特朗普发文表示，刚刚与日本达成了一项大规模协议，这可能是有史以来最大的一笔协议。日 本将向美国投资 5500 亿美元，美国将获得 90% 的利润。这项协议将创造成千上万的就业机会 —— 这 是前所未有的。也许最重要的是，日本将开放其国家的贸易，包括汽车和卡车，大米和某些其他农产 品，以及其他东西。日本将向美国支付 15% 的对等关税。 7 月 22 日，国新办就 2025 年上半年外汇收 支数据情况举行新闻发布会。国家外汇管理局副局长李斌在回答中国证券报记者提问时表示，今年以 来，外汇形势复杂多变，风险挑战明显增加。面对外部冲击，我国外汇市场顶住压力，运行平稳，表现 出较强韧性。国内商品期货夜盘，原油主力合约收跌 0.55% 报 503.8 元 / 桶。贵金属方面，沪金收涨 0.91% 报 792.94 元 / 克，沪银涨 0.75% 报 9453 元 / 千克。 重点品种：黄金、原油、钢材 黄金： 金银走强。 8 月 1 日新的关税大限前市场避险需求有所升温，此外美元和美债收益率的走弱为 黄金提供上行驱动。此前传闻称特朗普考虑解雇鲍威尔，后特 ...

Core Viewpoint - Chongqing is making significant progress in urban-rural integration and rural revitalization, aiming to create a model for urban-rural integration and rural revitalization in the context of the "14th Five-Year Plan" [1][11]. Group 1: Urbanization and Economic Indicators - By 2024, Chongqing's urbanization rate for permanent residents is projected to reach 72.14%, the highest in the central and western regions of China [1]. - The ratio of per capita disposable income between urban and rural residents has narrowed to 2.24:1, indicating improved income equality [1]. - In poverty-stricken counties, the per capita disposable income for rural residents has increased to 20,605 yuan, with a year-on-year growth of 6.8%, outpacing the national average for four consecutive years [1]. Group 2: Talent and Resource Flow - The Ba'nan District has seen a significant influx of urban talent into rural areas, with over 200 young people returning to start businesses since 2021, enhancing local economic development [2][3]. - The urban-rural integration pilot zone in Ba'nan has implemented policies to facilitate the transfer of rural rights for farmers moving to urban areas, revitalizing over 60 acres of idle land and generating an annual income increase of 200,000 yuan for the village [2][3]. Group 3: Infrastructure and Development Projects - Chongqing is advancing new urbanization through targeted projects, with 125 urbanization projects enhancing the capacity of county-level cities and small towns [4]. - By 2024, the urbanization rate in areas outside the central urban area is expected to reach 61.5%, with the ratio of per capita GDP between the main urban area and rural areas narrowing to 1.66:1 [4]. Group 4: Agricultural and Industrial Development - The city has initiated a billion-yuan ecological industry cultivation action, focusing on the integration of agriculture, tourism, and other sectors to enhance rural economies [5][8]. - The establishment of nearly 900 processing enterprises in the food and agricultural product sector has led to a total output value exceeding 260 billion yuan [8]. Group 5: Rural Living Conditions and Governance - By 2024, all administrative villages in Chongqing will have access to paved roads, with 100% coverage of 5G networks and over 90% access to tap water [10]. - The rural governance system has been enhanced through the establishment of a comprehensive governance framework, with 6,500 grids set up across 11,000 villages [10].

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The U.S. corn planting is finished, and the price is weak. With the reduction of Sino - U.S. tariffs, the U.S. corn price continues to decline, and weather conditions are likely to be a point of speculation. The import profit of foreign corn is relatively high, and the import price from Brazil in August is 2007 yuan. The domestic corn market has a complex situation: the spot price in the north is stable, the supply in North China is tight, the domestic breeding demand is weak, and the downstream feed enterprise inventory is high. The 09 corn futures will fluctuate narrowly in the short - term, and the basis will strengthen. The policy will have a greater impact later, and the upward space for the corn spot price is limited [5][7][9]. - For starch, the number of trucks arriving at Shandong deep - processing plants has increased, and the corn spot price in Shandong is strong. The starch inventory has increased this week, and the price mainly depends on the corn price and downstream stocking. The by - product price is strong. In the medium - to - long - term, due to weak demand, starch enterprises will be in a long - term loss state. The 09 starch futures will oscillate in a narrow range in the short - term [8]. 3. Summary by Relevant Catalogs 3.1 First Part: Data 3.1.1 Futures盘面 - Corn futures: The closing prices of C2601, C2605, and C2509 are 2250, 2294, and 2320 respectively, with price increases of 6, 10, and 6, and price increase rates of 0.27%, 0.44%, and 0.26% respectively. The trading volume of C2601 increased by 25.11%, C2605 decreased by 19.17%, and C2509 decreased by 7.84%. The open interest of C2601 increased by 2.16%, C2605 increased by 0.69%, and C2509 decreased by 2.94% [2]. - Starch futures: The closing prices of CS2601, CS2605, and CS2509 are 2641, 2669, and 2664 respectively, with price increases of 24, 17, and 6, and price increase rates of 0.91%, 0.64%, and 0.23% respectively. The trading volume of CS2601 increased by 163.27%, CS2605 increased by 111.54%, and CS2509 increased by 4.42%. The open interest of CS2601 increased by 16.83%, CS2605 increased by 9.57%, and CS2509 decreased by 9.61% [2]. 3.1.2 Spot and Basis - Corn spot: The prices in Qinggang, Jiajishenghua, Zhuchengxingmao, Shouguang, Jinzhou Port, Nantong Port, and Guangdong Port are 2260, 2240, 2522, 2500, 2320, 2470, and 2480 respectively. The price in Shouguang increased by 10, Nantong Port increased by 20, and Guangdong Port increased by 10, while others remained stable. The basis is - 60, - 80, 202, 180, 0, 150, and 160 respectively [2]. - Starch spot: The prices of Longfeng, COFCO, Cargill, Yufeng, Jinyumi, Zhuchengxingmao, and Hengrengongmao are 2850, 2800, 2850, 3000, 2950, 2960, and 2960 respectively, all remaining stable. The basis is 181, 131, 181, 331, 281, 291, and 291 respectively [2]. 3.1.3 Spread - Corn inter - delivery spread: C01 - C05 is - 44 with a decrease of 4, C05 - C09 is - 26 with an increase of 4, and C09 - C01 is 70 with no change. - Starch inter - delivery spread: CS01 - CS05 is - 28 with an increase of 7, CS05 - CS09 is 5 with an increase of 11, and CS09 - CS01 is 23 with a decrease of 18. - Cross - variety spread: CS09 - C09 is 344 with no change, CS01 - C01 is 391 with an increase of 18, and CS05 - C05 is 375 with an increase of 7 [2]. 3.2 Second Part: Market Judgment 3.2.1 Corn - The U.S. corn planting is completed, and the price is weak. With the reduction of Sino - U.S. tariffs, the U.S. corn price continues to decline. The import profit of foreign corn is high, and the import price from Brazil in August is 2007 yuan. The northern port's flat - closing price is stable, the spot price in the Northeast corn - producing area is stable, the supply in North China is tight, the domestic breeding demand is weak, and the downstream feed enterprise inventory is high. The Northeast - North China corn price difference has widened, and wheat continues to substitute for corn. The 09 corn futures will fluctuate narrowly in the short - term, and the basis will strengthen. The policy will have a greater impact later, and the upward space for the corn spot price is limited [5][7][9]. 3.2.2 Starch - The number of trucks arriving at Shandong deep - processing plants has increased, and the corn spot price in Shandong is strong. The starch inventory has increased this week, reaching 134.6 million tons, an increase of 0.9 million tons from last week, with a monthly increase rate of 2.83% and a year - on - year increase rate of 26.27%. The starch price mainly depends on the corn price and downstream stocking. The by - product price is strong. In the medium - to - long - term, due to weak demand, starch enterprises will be in a long - term loss state. The 09 starch futures will oscillate in a narrow range in the short - term [8]. 3.3 Third Part: Corn Options - Option strategy: Enterprises with spot can close out the short position of corn call options, or they can try to accumulate short positions on rallies in the short - term [13]. 3.4 Fourth Part: Relevant Attachments - There are six figures, including the spot price of corn in various regions, the basis of corn 09 contract, the 9 - 1 spread of corn, the 9 - 1 spread of corn starch, the basis of corn starch 09 contract, and the spread of corn starch 09 contract [14][16][20].