进口玉米成交较好 提振盘面震荡收涨 研究员：许方莉 期货从业资格号F3073708 期货投资咨询从业证书号 Z0017638 取 更 多 资 讯 联系电话：0595-86778969 关 注 我 们 获 业 务 咨 询 添 加 客 服 瑞达期货研究院 「2025.12.26」 玉米类市场周报 目录 1、周度要点小结 2、期现市场 3、产业情况 4、期权市场分析 「 周度要点小结」 总结及策略建议 3 Ø 玉米： Ø 行情回顾：本周玉米期货震荡上涨。主力2603合约收盘价为2222元/吨，较上周+30元/吨。 Ø 行情展望：美玉米步入出口旺季，阶段性供应压力较高。不过，美玉米出口状况良好，且USDA将 2025/26年度美玉米结转库存预测值从上月的21.54亿蒲式耳下调至20.29亿蒲式耳，低于分析师预 期的21.24亿蒲式耳，对美玉米价格有所支撑。国内方面，东北产区今年售粮进度同比偏快，粮质 整体较好，基层种植户售粮意向一般，火运发运量明显减少，下游需求支撑不足，粮点及烘干塔 随行出货为主，上量较为有限，成交情况不理想。受畜禽养殖行情不景气。饲料企业补库积极性 减弱，深加工企业库存水平相对安全，对高价玉米接受 ...

瑞达期货研究院 「2025.12.26」 棉花（纱）市场周报 研究员：王翠冰 期货从业资格号F03139616 期货投资咨询从业证Z0021556 关 注 微信客 服 号 目录 1、周度要点小结 2、期现市场 3、产业情况 4、期权及股市关联市场 「 周度要点小结」 行情回顾：本周郑棉主力2601合约价格上涨，周度涨幅约3.71%。 行情展望：据美国农业部(USDA)报告显示，12月11日止当周，2025/26年度美国陆 地棉出口销售净增30.47万包，较前周增加99%，较前四周均值增加95%。2025/26 年度美国陆地棉出口装运量13.44万包，较前周增加32%，较前4周平均水平增加 17%。当周美国棉花出口签约量、装运量环比均增加。国内市场：供应端，虽然当 前产量较大，且全国棉花公检量已接近600万吨，但2026年国内外植棉面积有望下 调预期升温，加之籽棉收购成本固化也提供较强支撑。需求端，新疆纱厂订单充足， 高支纱相对紧缺，纺织开机率高于去年同期，企业按需补库。另外中美关税缓和利 好纺织品出口，11月棉纱进口同比大增，外销需求支撑较强，短期棉价延续反弹态 势。 未来交易提示： 业务咨询 添加客服 1、 ...

近年来，江西省万载县立足资源禀赋，聚焦"土特产"文章，以百合产业为核心，通过"要素保障、生产供应、品牌创建、销售流通"等举 措，构建全产业链发展模式，推动百合产业提档升级。 万载是全国三大百合产地之一，素有"百合故里"的美誉，栽种历史已有500多年。然而，百合种球带毒、连作障碍、亩产低一度使万载百合 产业发展陷入困境。 2022年，万载县与中国农业科学院蔬菜花卉研究所合作建立龙牙百合脱毒育种实验室，创新研发了百合育种、高产栽培、连作障碍消除等 技术，解决百合栽种瓶颈问题。2024年，万载县百合喜获丰收，百合单球平均重量0.24公斤，亩产从1000公斤提高至1900公斤。 "大家一直说百合不能连作，不能连作是因为我们的百合自身种在土地里，会在地里产生不少细菌、真菌和病毒，来年再种就容易发病。我 们通过土壤消毒技术，有效消灭细菌、真菌、病毒和虫卵、草籽。这时候我们把大量的有益菌群放进去，再把百合种进去，就可以增产增 收。"万载沃淇生态农业开发有限公司负责人喻辉说。 在龙牙百合脱毒育种实验室里，一罐罐百合培育苗整齐排列，工作人员小心翼翼地用手术刀和镊子，通过转接分化对百合球茎进行栽培。 0.2毫米的茎尖组织在培养基 ...

Report Industry Investment Ratings - Bullish: Carbonate Lithium, BR Rubber [1] - Bearish: Palm Oil, Soybean Meal, Rapeseed Oil [1] - Neutral (Oscillating): Stock Index, Treasury Bonds, Copper, Aluminum, Alumina, Zinc, Nickel, Stainless Steel, Tin, Gold, Platinum, Industrial Silicon, Polysilicon, Rebar, Hot Rolled Coil, Iron Ore, Ferroalloy, Glass, Coke, Coking Coal, Cotton, Sugar, Piglets, Pulp, Logs, Live Pigs, Crude Oil, Bitumen, MEG, Short - Fiber, Styrene, Propylene, Butadiene, Ethylene, Propylene Oxide, Chlor - Alkali, LPG, Container Shipping to Europe [1][2] Core Views - The stock index is expected to remain strong in the short - term after breaking through the previous shock range, while the bond futures are affected by asset shortage and weak economy but face interest - rate risks in the short - term [1]. - Metal prices are mainly affected by macro - sentiment, industrial fundamentals, and policy factors. For example, nickel and stainless - steel prices are influenced by Indonesian policies, and tin prices are affected by industry initiatives and geopolitical situations [1]. - In the energy and chemical sector, factors such as OPEC+ policies, supply - demand relationships, and cost changes affect prices. For instance, BR rubber is supported by cost and market sentiment, and PTA benefits from strong PX prices and high polyester consumption [1]. - Agricultural product prices are affected by factors such as production expectations, supply - demand relationships, and weather conditions. For example, palm oil has a bearish outlook due to supply expectations, and cotton is in a state of "supported but no drive" [1]. Summary by Categories Stock Index and Bonds - Stock Index: The market sentiment and liquidity are in good condition. The index broke through the previous shock range and is expected to remain strong in the short - term [1]. - Treasury Bonds: Asset shortage and weak economy are favorable, but the central bank has warned of interest - rate risks in the short - term. Attention should be paid to the Bank of Japan's interest - rate decision [1]. Metals - Copper: The industrial situation is weak, and the macro - sentiment is volatile, resulting in high - level oscillations [1]. - Aluminum: The driving force in the electrolytic aluminum industry is limited, and the macro - sentiment is volatile, leading to price oscillations [1]. - Alumina: The domestic fundamentals are weak, and the price remains low in the short - term [1]. - Zinc: The fundamentals have improved, the cost center has moved up, and the negative factors have basically been realized. The price is expected to oscillate strongly as market risk appetite improves [1]. - Nickel: Global nickel inventory is high, but supply concerns have led to a recent sharp rebound in Shanghai nickel. The Indonesian policy has not been implemented but is difficult to disprove. The price may oscillate strongly in the short - term, and the long - term supply of primary nickel is in surplus [1]. - Stainless Steel: The raw material price has stabilized, the social inventory has decreased slightly, and steel mills have increased production cuts in December. The futures price is expected to oscillate strongly in the short - term [1]. - Tin: Affected by the industry initiative, the price oscillates weakly in the short - term. Considering the tense situation in Congo - Kinshasa and the improved market risk appetite, low - buying opportunities are recommended [1]. - Gold: After reaching a record high, it may oscillate at a high level in the short - term due to strong US economic data and weakened interest - rate cut expectations [1]. - Platinum: The domestic futures price has a large premium over the spot and foreign markets, and the market is expected to be volatile. Rational participation is recommended [1]. Energy and Chemicals - Crude Oil: Affected by OPEC+ policies, the Russia - Ukraine peace agreement, and US sanctions on Venezuela, the short - term supply - demand contradiction is not prominent [1]. - Bitumen: It follows crude oil in the short - term. The supply of Marey crude oil is sufficient, and the profit is relatively high [1]. - BR Rubber: The transaction has improved, the cost has increased, and the market sentiment is strong due to rumors of a factory shutdown [1]. - PTA: The PX price is strong, the PTA device operates at a high load, and the polyester consumption is high [1]. - MEG: Supply - side news has stimulated a rebound, and the polyester downstream demand is better than expected [1]. - Styrene: The cost has some support, the market sentiment has improved slightly, but the inventory is high [1]. Agricultural Products - Palm Oil: High - frequency data has improved, but the supply in the producing areas is expected to be loose. Rebound selling is recommended [1]. - Cotton: It is currently in a state of "supported but no drive". Attention should be paid to policies, planting intentions, and weather conditions in the future [1]. - Sugar: There is a global surplus and an increase in domestic supply. The short - term fundamentals lack continuous drive [1]. - Piglets: Affected by weather and supply - demand relationships, the price is expected to oscillate weakly in the short - term, with limited decline [1]. - Soybean Meal: There is a risk of selling pressure due to high - yield expectations, and the price is affected by reserve rumors [1]. - Pulp: Affected by weak demand and strong supply expectations, unilateral investment is recommended to be on the sidelines, and 1 - 5 reverse spreads can be considered [1]. - Logs: Affected by external quotes and spot price declines, the 01 contract is expected to oscillate weakly [1]. - Live Pigs: The supply is yet to be fully released, and the price is affected by demand support and inventory [1].

吴中区还率先建立覆盖"山水林田湖草"的全要素生态补偿机制，并创新"劳务代偿"等多元方式，让保护者受益。在此基础上，开展生态产品价值核算，绘 制全域生态地图，例如，初步测算金庭镇生态岛GEP达56亿元，让无形的生态价值有了可衡量、可展示的"价格标签"。 推动产业生态化，让绿色生产"融进去""转过来" 日前，《中国农村可持续发展报告（2015—2024年）》暨面向"十五五"农业农村绿色转型研讨会在北京举行。本次研讨会农业农村部遴选6个地区作全国 农村可持续发展优秀案例交流，苏州吴中区作为江苏省唯一代表受邀作经验分享。 作为农业农村部组织的国家级交流平台，本次会议汇聚了来自全国各地的行业专家、学者及实践先锋。会上，吴中区以"生态兴岛 茶果生金"为主题，系 统介绍了吴中区在生态敏感区域探索共同富裕的创新实践，重点展示了乡村振兴、农文旅融合、宜居乡村建设等方面的成效与经验，吴中"两山"转化实践 获全国推介。 筑牢制度体系化，让生态保护"硬起来""算得清" 保护离不开法治，发展离不开机制。吴中区推动出台了江苏省首部针对岛屿的专项法规《苏州市太湖生态岛条例》，构建了"1部条例+2套规划清单+2项 补偿考核机制"的"1+2+ ...

截至12月23日，阿根廷全国玉米总播种进度已完成81%，略落后于去年同期的82%。 美国玉米主产州未来6-10日50%地区有较高的把握认为气温将低于正常水平，50%地区有较高的把握认 为降水量将接近正常水平。 12月25日，星期四，晚籼稻期货主力合约一动不动，截止发稿，晚籼稻主力报2535.00元/吨。 市场资讯： 一机构发布的大宗商品研究报告显示，阿根廷2025/26年度玉米产量预计为5410万吨，较前一次预估下 调1%，预估区间介于4680-5990万吨，因潘帕斯草原地区存在干旱风险。 ...

东西部协作促发 展，看一株迷迭 香跨越山海的价 值共创！_南方 +_南方plus 近日，2025年 IDA国际设计大 奖榜单揭晓，来 自澳门全芯生物 科技的迷迭香精 油品牌"澳露 香"荣获产品设 计金奖。它成为 该奖项创办以来 首个获奖的中国 乡村振兴代表产 品，也标志着广 东省广州市天河 区与贵州省毕节 市大方县东西部 协作结出的硕 果，首次站上了 世界级设计巅 峰。 东西部协作筑链 兴产 "澳露香"的成 功，根植于"广 州平台+贵州种 植+澳门制造" 的跨区域产业协 作模式。这一模 式的起点，正是 广州市天河区与 贵州省毕节市大 方县的东西部协 作。 方湾区协作中 心" 持续牵线搭 桥，为 "广州平 台+贵州种植+澳 门制造"的三地 协作筑牢了沟通 桥梁。 早于2021年，天 河区在对接帮扶 中，精准识别并 引入了拥有核心 技术但苦于原料 问题的澳门创业 团队。在天河区 的积极推动下， 项目最终落户天 河对口帮扶地区 ——贵州省毕节 市大方县。随后 在2022年，天河 区通过"天河大 在这一布局下， 协作链条清晰展 开：广州天河作 为资源枢纽，持 续输出平台与市 场动能，通过引 入专家开展直播 电商培训， ...

Core Viewpoint - The Central Economic Work Conference emphasizes the importance of expanding the supply of quality goods and services, highlighting the role of new consumption scenarios in integrating new business formats, models, and products [1] Group 1: Consumption Scenarios and Integration - The State Council's implementation opinion stresses the need to enhance cross-industry integration in consumption, including commerce, culture, tourism, sports, health, and transportation, to create impactful new consumption scenarios [1] - In Jiangxi's Yingtan, the "Longhushan Chestnut" geographical brand has been developed, leading to an annual sales revenue exceeding 1.2 billion yuan through the integration of agriculture and tourism [2] - The establishment of a smart cold storage system has extended the sales period of chestnuts from 3 months to 9 months, addressing preservation challenges in the chestnut industry [2] Group 2: Economic Impact and Community Development - The chestnut industry expansion has increased the planting area from 3,000 acres to over 5,000 acres, benefiting over 1,200 farmers with an average income increase of 3,000 yuan [2] - The integration of the chestnut industry with tourism has led to the development of unique culinary offerings, enhancing market demand and visitor numbers [2] Group 3: Urban Consumption and Brand Development - In Xinjiang's Yining, the opening of the Xingyue Mall attracted over 120,000 visitors on its first day, showcasing strong consumer interest in new brands and shopping experiences [4] - The mall features 240 brands, including 57 that are entering the Yining market for the first time, indicating a shift in consumer behavior towards local shopping options [4][5] Group 4: Digital Transformation in County-Level Markets - In Shandong's Leling, the opening of a new fruit market equipped with a big data system has transformed local fruit sales, allowing for real-time market analysis and improved inventory management [7] - The introduction of diverse packaging options for apples has resulted in a 60% increase in sales within the first month, demonstrating the effectiveness of data-driven decision-making [8] - The promotion of digital rural initiatives aims to enhance the quality of county-level commerce, encouraging the integration of digital technologies in local markets [9]

中央经济工作会议指出，"扩大优质商品和服务供给。"消费新场景是新业态、新模式、新产品的系统集 成，对扩大优质商品和服务供给具有重要意义。国务院办公厅印发《关于加快场景培育和开放推动新场 景大规模应用的实施意见》提出，"加强商业、文化、旅游、体育、健康、交通等消费跨界融合""打造 一批带动面广、显示度高的消费新场景"。 当前，各地在扩大优质商品和服务供给，加强跨界融合、打造消费新场景等方面有哪些积极探索？积累 了哪些好经验、好做法？记者在一些地方进行了采访。 江西鹰潭—— 农旅融合，小板栗引来八方客 仲冬时节，江西鹰潭市龙虎山景区上清镇，许多外地游客发现，这个季节也能在这座古镇买到新鲜板 栗。 小板栗串起大产业链。龙虎山景区打造"龙虎山板栗"地理标志品牌，让板栗成为旅游美食，通过"农旅 融合"模式，年销售额突破1.2亿元。 有冷链护航，如今上清镇板栗种植面积从3000亩扩展到5000多亩，百亩以上种植户有20多户，累计带动 1200多户农户增收，人均增收3000元。同时，板栗产业与旅游消费深度融合，开发"板栗烧鸡"等特色美 食。游客多了，市场火了。 【延伸阅读】 浙江宁海县的海虾加工、安徽砀山县的酥梨产业、云南 ...

九乡乡土壤多为红壤，土层深厚、疏松，透气性较好，紫薯能有效吸收土壤中丰富的矿物质和微量元 素，利于糖分聚集，形成"色泽深紫、薯形匀称、口感绵密、营养丰富"的优良品质。依托优越的自然条 件，九乡乡科学规划，在月照村委会、小河村委会等地，大力推动规模化、标准化种植，通过土地流 转、合作社引领、大户示范等方式，带动九乡乡及周边乡镇种植1800余亩，规模化种植比例超90%，预 计今年平均亩产可达2500公斤至3500公斤，创收可达1770万元。 "我们在前期通过不断试验，培育多个品种，最终实现自主育苗，确定了'紫美人'这个优质高产品 种。"规模种植户李春喜说。为实现"种得好""卖得好"，九乡乡着力构建"种植户+合作社+企业"的订单 式销售体系。在该体系中，种植户通过土地流转政策，向农户承包流转土地，有效整合土地资源，开展 规模化、标准化种植，大大提高了产品质量和农业生产效率。此外，种植户加入合作社，合作社与企业 签订收购合同，明确保底收购价格，实行订单式种植、合同化经营，确保种植户有收益，显著提升了紫 薯的市场竞争力。目前，九乡乡紫薯已销往全国各大城市，正从"田间"走向更多人的"餐桌"。 本报讯 记者赵书勇报道 近期 ...