2026 年 2 月 3 日星期二 重庆市江北区金沙门路 32 号 23 层； 023-67071029 上海市浦东新区世纪大道 210 号 10 楼 1001； 021-61101854 地址： 电话： 1 市场有风险 投资需谨慎 | 目录 | | --- | | 纸浆： 16 | | 碳酸锂： 16 | | --- | | 铜： 17 | | 铝： 18 | | 锌： 18 | | 铅： 19 | | 锡： 19 | | 镍： 19 | | 豆油、豆粕： 20 | | 棕榈油： 21 | | 菜粕、菜油： 21 | | 棉花： 22 | | 白糖： 23 | | 苹果： 24 | | 生猪： 24 | | 鸡蛋： 25 | | 玉米&淀粉： 26 | | 原木： 26 | | 免责声明 28 | 国债： 上一交易日，国债期货收盘多数下跌，30 年期主力合约涨 0.18%报 112.060 元， 10 年期主力合约跌 0.03%报 108.250 元，5 年期主力合约跌 0.02%报 105.860 元，2 年 期主力合约持平于 102.390 元。 公开市场方面，央行公告称，2 月 2 日以固定利率、数量 ...

Summary of Key Points from Conference Call on Agricultural Products and Oilseeds Market Industry Overview - The focus is on the agricultural products sector, particularly oilseeds, in the context of inflation relief and potential investment opportunities in 2026-2027 [1][2]. Core Insights and Arguments - **Investment Opportunities**: The agricultural sector, especially in the planting chain (agricultural inputs, seeds, and planting), is expected to experience a dual boost in valuation and profitability in 2026-2027 due to its close relation to food security [2]. - **Livestock Chain**: Within the livestock sector, beef cattle are favored over pig farming, raw milk, and poultry, indicating a shift in investment focus [2]. - **Global Oilseed Production**: A decrease in global soybean and sunflower seed production is anticipated for 2026, while canola production is expected to increase. The U.S. is reducing soybean planting area, leading to tighter supplies of soybeans and sunflower seeds, while canola supply remains ample [1][5]. - **Oil Consumption Trends**: In 2026, industrial consumption of canola oil is expected to recover, while palm oil growth will slow down. Soymeal consumption is projected to increase the most, with palm oil maintaining a strong supply-demand balance [1][6]. Market Dynamics - **Oil Market Volatility**: The oilseed market has been volatile, influenced by U.S. crude oil prices and geopolitical factors. Palm oil is leading the market due to its high production and trade volume, particularly in biodiesel applications [3][5]. - **Palm Oil Production and Exports**: Malaysia's palm oil production in January was below expectations, but exports increased, leading to a stockpile of 3.05 million tons. The market did not react negatively due to prior pricing adjustments [4][8]. - **Geopolitical Impact**: The U.S.-Iran conflict has strengthened crude oil prices, positively affecting oilseed prices. The U.S. biodiesel policy has also contributed to the rebound in soybean oil prices [5][6]. Supply and Demand Analysis - **Global Supply Adjustments**: The global supply of soybeans and sunflower seeds is tightening, while canola supply is more relaxed. The overall consumption of palm oil, soybean oil, and sunflower oil is expected to grow significantly in 2026 [5][6][7]. - **Price Trends**: As of late January, palm oil prices have risen significantly, with sunflower oil prices remaining strong at approximately $1,300 per ton. The price gap between Malaysian and Indonesian palm oil is around $44, indicating less supply pressure in Malaysia [9][10]. Regional Insights - **China's Import Dynamics**: China's soybean import demand is expected to meet current needs, but there is a projected shortfall in May. The first quarter saw lower import volumes, but the second quarter is expected to be historically high [11][12]. - **India's Oil Demand**: India's palm oil imports are recovering, with significant increases in January and February compared to December [10]. Additional Considerations - **Biodiesel Market**: The U.S. biodiesel processing margins have worsened, while the EU has seen improvements due to lower canola oil prices [15]. - **Domestic Demand Fluctuations**: In China, domestic oil demand has increased due to pre-holiday stocking, but consumption is expected to decline as the holiday approaches [16][22]. - **Market Correlations**: The relationship between oilseed products and crude oil prices is significant, influenced by production costs and macroeconomic factors [23]. Conclusion - The agricultural products and oilseeds market is poised for significant changes in the coming years, with investment opportunities emerging in specific sectors. The interplay of geopolitical factors, domestic demand, and global supply dynamics will be crucial in shaping market trends moving forward [24][25].

1. Report Industry Investment Rating - No information provided in the given content. 2. Core View of the Report - The report presents the daily arbitrage data of various futures varieties on February 3, 2026, including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures, covering aspects such as basis, inter - period spreads, and inter - variety spreads. 3. Summary by Relevant Catalogs 3.1 Power Coal - **Basis**: From January 27 to February 2, 2026, the basis of power coal was - 116.4 on January 27, - 111.4 on January 28, and - 109.4 from January 29 to February 2 [2]. - **Inter - period spreads**: The spreads of 5 - month minus 1 - month, 9 - month minus 1 - month, and 9 - month minus 5 - month were all 0 during the period from January 27 to February 2, 2026 [2]. 3.2 Energy Chemicals 3.2.1 Energy Commodities - **Basis**: For fuel oil, the basis on February 2, 2026 was 127.38; for INE crude oil, the basis on February 2, 2026 was - 3.68; for crude oil/asphalt, the basis on February 2, 2026 was 0.1392 [7]. - **Price Ratio**: The price ratio of some energy commodities was also provided, such as 99.68 for a certain ratio on February 2, 2026 [7]. 3.2.2 Chemical Commodities - **Inter - period spreads**: For rubber, the 5 - month minus 1 - month spread was - 485, the 9 - month minus 1 - month spread was - 625, and the 9 - month minus 5 - month spread was - 140; for methanol, the corresponding spreads were - 64, - 45, and 19; for PTA, they were 40, 38, and - 2; for LLDPE, they were - 35, 3, and 38; for PVC, they were - 218, - 101, and 117; for PP, they were 46, 72, and 26; for ethylene glycol, they were - 167, - 76, and 91 [9]. - **Inter - variety spreads**: For example, on February 2, 2026, the LLDPE - PVC spread was 1889, the LLDPE - PP spread was 171, the PP - PVC spread was 1718, and the PP - 3*methanol spread was - 93 [9]. - **Basis**: On February 2, 2026, the basis of rubber was - 80, methanol was - 4.5, PTA was - 72, LLDPE was 122, PVC was - 254, and PP was 76 [10]. 3.3 Black Metals - **Inter - period spreads**: For rebar, the 5 - month minus 1 - month spread was - 82, the 9 - month(10) minus 1 - month spread was - 33, and the 9 - month(10) minus 5 - month spread was 49; for iron ore, the corresponding spreads were 29, 12, and - 17; for coke, they were - 149, - 82, and 67; for coking coal, they were - 248.5, - 172, and 76.5 [19]. - **Inter - variety spreads**: On February 2, 2026, the rebar/iron ore ratio was 3.96, the rebar/coke ratio was 18132.1, the coke/coking coal ratio was 4690, and the rebar - hot - rolled coil spread was - 161 [19]. - **Basis**: On February 2, 2026, the basis of rebar was 112, iron ore was 4, coke was - 175.5, and coking coal was 38.5 [20]. 3.4 Non - ferrous Metals 3.4.1 Domestic Market - **Basis**: On February 2, 2026, the basis of copper was 1460, aluminum was 635, zinc was 455, lead was - 70, nickel was 10760, and tin was 850 [28]. 3.4.2 London Market - **LME Ascending/Descending Premium**: On February 2, 2026, the LME ascending/descending premium of copper was (59.17), aluminum was (22.32), zinc was (5.35), lead was (47.99), nickel was (218.73), and tin was (300.00) [34]. - **Shanghai - London Ratio**: On February 2, 2026, the Shanghai - London ratio of copper was 7.83, aluminum was 7.73, zinc was 7.53, lead was 8.49, nickel was 7.85, and tin was 8.16 [34]. - **CIF**: On February 2, 2026, the CIF of copper was 101532.75, aluminum was 25597.59, zinc was 27517.86, lead was 15764.97, nickel was 136168.76, and tin was 375735.34 [34]. - **Domestic Spot Price**: On February 2, 2026, the domestic spot price of copper was 101060, aluminum was 23680, zinc was 24970, lead was 16640, nickel was 140410, and tin was 392480 [34]. - **Import Profit and Loss**: On February 2, 2026, the import profit and loss of copper was (472.75), aluminum was (1917.59), zinc was (2547.86), lead was 875.03, nickel was 4241.24, and tin was 16744.66 [34]. 3.5 Agricultural Products - **Basis**: On February 2, 2026, the basis of soybeans No.1 was - 233, soybeans No.2 was 96.22, soybean meal was 350, soybean oil was 578, and corn was 49 [38]. - **Inter - period spreads**: For example, for soybeans No.1, the 5 - month minus 1 - month spread was - 28, the 9 - month minus 1 - month spread was 5, and the 9 - month minus 5 - month spread was 33 [38]. - **Inter - variety spreads**: On February 2, 2026, the soybeans No.1/corn ratio was 1.93, the soybeans No.2/corn ratio was 1.55, the soybean oil/soybean meal ratio was 2.97, the soybean meal - rapeseed meal spread was 477, the soybean oil - palm oil spread was - 944, the rapeseed oil - soybean oil spread was 1082, and the corn - corn starch spread was - 249 [38]. 3.6 Stock Index Futures - **Basis**: On February 2, 2026, the basis of CSI 300 was - 20.84, SSE 50 was 133.85, CSI 500 was - 19.49, and CSI 1000 was - 5.74 [50]. - **Inter - period spreads**: For CSI 300, the next - month minus current - month spread was - 46.2, and the next - quarter minus current - quarter spread was - 1.2; for SSE 50, the next - month minus current - month spread was - 24.8, and the next - quarter minus current - quarter spread was - 10.6; for CSI 500, the next - month minus current - month spread was - 35.2, and the next - quarter minus current - quarter spread was - 145.6; for CSI 1000, the next - month minus current - month spread was - 38.8, and the next - quarter minus current - quarter spread was - 104.2 [50].

Core Viewpoint - Anqiu City is accelerating its transformation from an agricultural city to a strong health food city, focusing on high-quality agricultural development as a priority for overall work [1] Group 1: Ecological Foundation - Anqiu emphasizes ecological agriculture as the lifeline of agriculture, leveraging its geographical advantages to enhance the quality of agricultural products [2] - The city has established a closed-loop system for organic fertilizer promotion, providing fertilizers at a cost of 200 yuan per ton to farmers, improving soil quality and reducing costs [2] - Over 1,760 family farms in the city are undergoing ecological transformation, with more than 30 agricultural products being revitalized [2][3] Group 2: Quality and Safety - Anqiu has strengthened agricultural product quality safety supervision, achieving a stable compliance rate of over 99% through a three-tier regulatory network [3] - The city launched a digital traceability system for over 70 major agricultural products, marking a shift from traditional control to digital governance [3] Group 3: Technological Empowerment - The city is leveraging technological innovation to enhance agricultural productivity, with initiatives to recruit chief technical experts for various crops [4] - Successful case studies include the introduction of efficient cultivation techniques for ginger and innovative ecological planting models for asparagus [4][6] Group 4: Infrastructure Development - Anqiu plans to build and renovate over 30,000 acres of facility greenhouses and develop more than 300 ecological family farms to address the shortage of high-quality agricultural products [5] Group 5: Collaborative Innovation - Partnerships between companies and universities are driving the development of high-end products, such as selenium-rich noodles and lactose-free technologies [6] - The city aims to establish an international research center for food technology to support local health food enterprises [6] Group 6: Industry Clusters - Anqiu is promoting the integration of primary, secondary, and tertiary industries, with a focus on developing unique local industries in each town [7] - The city is cultivating a regional public brand for its agricultural products, enhancing their market value and ensuring compliance with international standards [7][8] Group 7: Market Expansion - Anqiu's health food enterprises have a combined annual output value close to 30 billion yuan, with products exported to over 80 countries [8] - The city is transitioning from being known as the "world vegetable basket" to becoming a "health food valley," aiming for a health industry cluster worth 50 billion yuan [8]

Core Insights - The city of Cangzhou aims to enhance the comprehensive utilization of saline-alkali land, targeting a total output value of 14.1 billion yuan for agricultural specialty products by the end of 2025 [1] Group 1: Agricultural Development - Cangzhou is focusing on deep processing of agricultural products, particularly those derived from saline-alkali land, to create high-value products such as drought-resistant wheat beer and high-fiber meal replacement powder [1] - The daily processing capacity of drought-resistant wheat products at Xiaoyangren Group has reached 15 tons, with a new production line for crispy wheat snacks capable of producing 13,000 boxes daily now fully operational [1] Group 2: Brand Development - The city is enhancing the brand influence of its agricultural products by establishing a "three-in-one" brand system that includes 11 regional public brands, 13 leading enterprise brands, and 20 specialty product brands [2] - Cangzhou plans to hold 20 promotional and exhibition events by 2025 to increase the recognition and popularity of its specialty products, with "Cangzhou Drought-Resistant Wheat" successfully approved as a provincial public brand [2] Group 3: Technological Empowerment - To improve the quality of agricultural products from saline-alkali land, Cangzhou is actively integrating scientific research capabilities and advancing the application of new processing technologies and results [2] - The establishment of multiple research institutions, including an innovation and research center for drought-resistant wheat processing and products, is underway in Cangzhou High-tech Zone [2] Group 4: Diversification of Agricultural Practices - The city plans to expand the cultivation of drought-resistant wheat while promoting diversified development in agriculture, including the cultivation of winter jujube and alfalfa, as well as the farming of shrimp and other aquatic products [3]

Core Viewpoint - The collaboration between Fujian and Ningxia has evolved over 30 years from one-way assistance to a mutually beneficial partnership, significantly contributing to poverty alleviation and rural revitalization efforts [1][2]. Group 1: Achievements of the Collaboration - The Fujian-Ningxia collaboration has transitioned from single-directional poverty alleviation to cooperative win-win outcomes, with a focus on consolidating and expanding poverty alleviation results and effectively connecting with rural revitalization during a five-year transition period [2]. - The collaboration has led to the establishment of various economic projects in Ningxia's rural areas, enhancing the foundation for rural industrial revitalization [3]. - By 2025, Ningxia plans to invest 650 million yuan in 129 projects aimed at enhancing characteristic industries, benefiting 278 administrative villages [4]. Group 2: Industrial Upgrading and Support - The collaboration has facilitated the establishment of a modern agricultural framework, with a total area of 14,900 acres dedicated to facility agriculture, supporting standardized planting and off-season supply of specialty crops [4]. - The introduction of technology and expert guidance from Fujian has been pivotal in enhancing agricultural productivity and quality, with initiatives like the "Fujian Specialty Plant Technology Cooperation Base" providing ongoing support [5][6]. - The establishment of the Ningxia Shanhai Feed Company, which focuses on local resource advantages and leverages Fujian's industrial experience, aims to enhance the local economy and reduce costs for livestock farmers [7]. Group 3: Labor and Employment Initiatives - The collaboration has shifted from merely encouraging labor migration to promoting stable employment opportunities within local communities, enhancing the skill levels of the workforce [10][11]. - Various labor brands have emerged, such as "Yuanzhou Weavers" and "Yongning Winemakers," which have successfully integrated traditional skills into modern economic activities, providing stable employment for thousands [12]. - By 2025, 63,000 rural laborers have been supported in stable employment through a comprehensive labor cooperation mechanism [12]. Group 4: Market Expansion and Sales Channels - The collaboration has focused on expanding market access for local agricultural products, with initiatives like the "Fujian Market + Ningxia Products" model facilitating broader market penetration [13][14]. - The establishment of e-commerce platforms and training programs has empowered local farmers to market their products effectively, leading to significant sales growth [14][15]. - By 2025, the collaboration is expected to achieve a consumption assistance amount of 7.692 billion yuan, reflecting an 8.6% year-on-year increase [13].

"引回来只是第一步，培育好、使用好才是关键。"丹麻镇党委书记孙建业语气坚定地说。镇党委紧扣发 展需求，搭建多元化的实践平台，让青年在实干中成长成才。 镇党委整合农业专家、技术骨干和党员致富带头人资源，把培训课堂搬到生产一线。在索卜沟村的千亩 复垦基地、拉庄村的粉条加工坊、哇麻村的民宿院落，"导师帮带""现场教学"让青年在实践中快速掌握 技能。党员致富能手倾囊相授，带领群众共同发展。 同时，丹麻镇引导青年精准对接本土特色产业。围绕哇麻村年接待游客近百万人次的旅游产业，鼓励青 年投身民宿管理、文创开发、电商销售；针对拉庄村传统粉条产业，引导青年学习现代营销，打造特色 品牌。通过将青年"嵌入"产业链，实现了个人成长与产业发展的良性互动。 "我们正在积极谋划以基层党组织为纽带，串联起索卜沟村的规模种植、拉庄村的精细加工、哇麻村的 乡村旅游的农文旅融合产业链，为青年提供更广阔的舞台，让他们在规模经营、品牌打造、市场开拓中 施展才华。"孙建业说。 本报记者 郑思哲 通讯员 李玮琪 1月30日，海东市互助土族自治县丹麻镇哇麻村的返乡青年李阳在村级实践站参加了创业培训。人才服 务专员帮他申请了创业贷款，党员志愿者手把手教他电 ...

Core Viewpoint - The article emphasizes the importance of youth in rural revitalization, highlighting how young people in Quzhou are actively engaging in various entrepreneurial activities that contribute to the local economy and community development [1][2][6]. Group 1: Youth Engagement in Rural Development - Quzhou has transformed from a traditional agricultural area to a vibrant entrepreneurial hub for youth, where they leverage local resources and innovative practices to drive rural revitalization [1][2]. - Young entrepreneurs are involved in diverse activities, such as ecological planting, online sales, and traditional craft innovation, showcasing their adaptability and creativity in the agricultural sector [2][3]. Group 2: Support Systems for Youth - Quzhou has established a comprehensive support system for youth, including 76 practice stations that integrate internships, training, and entrepreneurship incubation, providing a conducive environment for young people to thrive [3][4]. - Local policies, such as the "Eleven Measures for Youth in Rural Areas," aim to attract and retain young talent by offering tailored support in entrepreneurship, employment, and skills development [3][5]. Group 3: Challenges and Solutions - Despite the progress, challenges remain, such as the difficulty in retaining youth in rural areas due to high investment costs and slow returns in agriculture, as well as a shortage of talent in primary and secondary industries [4][5]. - To address these challenges, it is crucial to enhance infrastructure, create social platforms for youth, and implement innovative policies that reduce entrepreneurial risks and improve living conditions in rural areas [5][6].

Group 1 - The core message emphasizes the importance of promoting winter wheat management, county-specific industries, and ecological protection in Henan province, aligning with the directives from the central government and provincial leadership [2] - Recent snowfall in the province has created favorable conditions for wheat to survive winter and promote early growth in spring, highlighting the need for targeted management strategies for different wheat growth stages [2] - The focus on developing industrialized and value-added agricultural products aims to enhance the economic development of counties, ensuring that more benefits from industry growth are retained by farmers [4] Group 2 - The initiative to strengthen ecological protection and resource utilization in the watershed areas is crucial for maintaining water source safety, with an emphasis on integrated environmental governance [4] - The call for increased investment in research and development within the technology sector aims to enhance competitiveness and promote sustainable, high-quality development [4] - The importance of ensuring safety in production, transportation, and supply stability as the Spring Festival approaches is highlighted, along with the need for community support for vulnerable populations [5]

花生日报 2026 年 2 月 2 日 | 第一部分 | | | | 数据 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 花生数据日报 | | | | | | | 2026/2/2 | | 期货盘面 | | | | | | | | | 期货 | 收盘价 | 涨跌 | 涨跌幅 | 成交量 | 增减幅 | 持仓量 | 增减幅 | | PK604 | 7938 | 2 | 0.03% | 12,799 | -52.32% | 50,442 | 7.92% | | PK610 | 8212 | -26 | -0.32% | 147 | 16.67% | 2,730 | 0.04% | | PK601 | 8206 | #N/A | #N/A | 7 | #DIV/0! | 27 | -10.00% | | 现货与基差 | | | | | | | | | 现货 | 河南南阳 | 山东济宁 | 山东临沂 | 日照花生粕 | 日照豆粕 | 花生油 | 日照一级豆油 | | 今日报价 | 7400 | 8000 | 8000 | 3250 | 3070 ...