证券之星消息，9月30日农产品加工板块较上一交易日下跌0.18%，中粮糖业领跌。当日上证指数报收于 3882.78，上涨0.52%。深证成指报收于13526.51，上涨0.35%。农产品加工板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 605198 | 安德利 | 44.41 | 3.38% | 1.75万 | 7736.75万 | | 300268 | *ST佳沃 | 10.50 | 2.24% | 8921.0 | 927.56万 | | 300138 | 晨光生物 | 13.11 | 1.16% | 4.95万 | 6479.47万 | | 832023 | 田野股份 | 4.38 | 1.15% | 6.16万 | 2693.49万 | | 600962 | 国投中鲁 | 21.44 | 1.13% | 3.32万 | 7101.97万 | | 600251 | 冠衣股份 | 8.21 | 0.49% | 5.55万 | 4558.30万 | | 839371 | ...

马来西亚独立检验机构Amspec表示，马来西亚9月1日-30日的棕榈油出口量为1439845吨，上月同期为 1341990吨，环比增加7.3%。 （文章来源：新华财经） ...

Core Insights - The report by Zhiyan Consulting highlights the market trends and strategic outlook for the soybean meal industry in China from 2025 to 2031 [1] Price Trends - As of mid-September 2025, the market price for soybean meal (with crude protein content ≥43%) is 3015.7 yuan per ton, reflecting a year-on-year decrease of 2.27% and a month-on-month decrease of 0.97% [1] - The highest recorded price in the past five years was in mid-September 2022, reaching 4910.4 yuan per ton [1]

北京时间9月30日，芝加哥商业交易所(CBOT)豆油期货价格低位震荡，今日开盘报49.59美分/磅，现报 每吨49.52美分/磅，跌幅0.12%，盘中最高触及49.67美分/磅，最低下探49.44美分/磅。 【豆油市场消息速递】 9月29日，阿根廷豆油(10月船期)C&F价格1113美元/吨，与上个交易日相比上调12美元/吨；阿根廷豆油 (12月船期)C&F价格1111美元/吨，与上个交易日相比上调11美元/吨。 调研显示，截至2025年9月26日，全国重点地区豆油商业库存124.87万吨，环比上周增加1.28万吨，增幅 1.04%。同比增加9.29万吨，涨幅8.04%。 9月29日，大商所豆油期货仓单25534手，环比上个交易日持平。 豆油期货行情回顾： 9月29日芝加哥商业交易所(CBOT)豆油期货行情 品种 开盘价 最高价 最低价 收盘价 美豆油 50.25 50.25 49.41 49.69 -1.06% 更新时间： ...

2025年09月30日 (原油) 隔夜国际油价大跌，布伦特12合约跌2.98%。供应端处于伊拉克库尔德复运、OPEC+进一步增产带 来的即期增量与地缘风险并存的多空交织状态，但总体石油的累库进程依然明确，三季度累积幅度 2.4%包括原油累库0.5%、成品油累库5.5%，且随着炼厂开工率的季节性回落，上周累库结构已向上 游原油集中。油价上行至震荡区间高位后进一步走强的空间有限，但十一前后外围市场围绕俄乌、 伊朗的地缘犹动仍在，继续持有期货空头与看涨期权相结合的保护性策略。 gtaxinstitute@essence.com.cn 综合晨报 【责金属】 隔夜贵金属延续强势表现。本周关注美国政府停摆的解决进展以及非农在内的一系列关键数据。美 国劳工统计局发布政府停摆应急计划，将在政府停摆期间暂停所有运营，不发布经济数据。贵金属 中期偏强趋势未改但国庆期间波动风险较高,建议离场观望。 【铜】 隔夜内外铜价扩大涨势，贵金属提振交易情绪，节中市场关注政府关门风险,一旦僵局可能担追非 农就业等数据公布。铜市继续消化Grasberg基本铁席两个季度供应对平衡表的影响。国内观铜上调 到82210元，上海贴水5元，节前SMM社库 ...

Core Viewpoint - The article highlights the increasing participation of A-share listed companies in China's futures and options markets, indicating a growing trend in risk management through hedging strategies. Group 1: Market Participation - As of the end of 2024, 529 out of 5383 A-share listed companies participated in futures and options trading, representing 9.8% of all listed companies and 35.8% of market capitalization [2] - The number of companies involved in commodity futures and options reached 509, accounting for 9.5% of all listed companies, with a market cap exceeding 30% [2] - The average market capitalization of companies participating in commodity futures and options was 666.9 million, a 22.1% increase from 2023, significantly higher than the overall market average of 183.6 million [3] Group 2: Risk Management Strategies - Over 50% of the total cumulative positions held by non-financial listed companies in 2024 were for hedging purposes, marking a 15 percentage point increase from 2023 [3] - The number of listed companies using derivatives for hedging has surged, with 440 companies publishing 713 hedging-related announcements by August 2025, a 167% increase from the same period in 2024 [4] Group 3: Sector-Specific Insights - State-owned listed companies showed strong influence in the commodity futures and options market, with nearly 40% of such companies participating and accounting for nearly 80% of total positions [3] - The participation in commodity futures included 116 different products, with high engagement in copper, aluminum, silver, gold, lithium carbonate, rebar, and hot-rolled coil [3] Group 4: Market Trends - The options market has seen record high positions, with a peak of 13.48 million contracts in August 2025, reflecting a 207% increase in average daily positions compared to 2022 [6] - The number of listed options has expanded, with 62 products currently available, covering major categories such as energy and agricultural products [6]

Report Industry Investment Rating Not mentioned in the provided content. Core Viewpoints of the Report The report analyzes various agricultural and related commodity markets, providing short - and long - term outlooks and investment suggestions for each commodity. Overall, the market shows a mixed trend with some commodities expected to be weak, some to be in a range - bound state, and others with potential for short - term rebounds [1][6][8]. Summary by Commodity 1. Livestock - **Pig**: In the short term, the planned pig出栏量 in September increased by 4% month - on - month, and the completion rate was 64.6%. There is still significant pressure at the end of the month. In the medium term, the number of pigs for sale is expected to increase in Q4. In the long term, if the "anti - involution" policy of reducing 1 million sows is implemented, the supply pressure will ease in the second half of 2026. The outlook is weak - side oscillation, and attention should be paid to reverse arbitrage strategies [1][8]. 2. Oils and Fats - **Oils**: The outlook is that soybean oil and palm oil will oscillate, while rapeseed oil will oscillate with a stronger bias. The US soybean harvest is normal, but the good - quality rate is decreasing. The domestic soybean import volume will seasonally decline, and the soybean oil inventory will peak. The palm oil inventory accumulation in September may be limited, and the rapeseed oil inventory will decline. Attention should be paid to trade relations, supply in producing areas, and overseas biodiesel demand [6]. 3. Protein Meals - **Protein Meals**: The outlook is that both soybean meal and rapeseed meal will oscillate. Internationally, the US crop harvest is progressing well, and Brazil's sowing has a record - fast start. Domestically, there is support from pre - holiday stocking, but the inventory pressure is large. The supply of soybean meal is expected to increase in Q4 2025 and Q1 2026. Attention should be paid to the impact of pig "anti - involution" on sentiment [6][7]. 4. Grains - **Corn/Starch**: New grain is gradually coming onto the market. In the short term, there is pressure from the concentrated listing of new grain, but there may be a small rebound before the holiday. In the long term, the market is expected to be short - term bearish and long - term bullish. Attention should be paid to short - selling opportunities [7][8]. 5. Rubbers - **Natural Rubber**: The short - term fundamentals are supportive, and the market is expected to maintain a range - bound state. The market has a strong spot, is de - stocking, and the basis is narrowing. However, there is an expectation of increased supply in Q4. Attention should be paid to raw material prices and domestic social inventory changes [10][11]. - **Synthetic Rubber**: The market will continue to oscillate within a range. There are many device overhauls expected from September to November, and the price is at a low level, so the bearish sentiment has cooled, but there is no continuous upward driving force [12]. 6. Fibers - **Cotton**: The medium - term outlook is weak - side oscillation. The expected increase in Xinjiang's cotton production in the 25/26 season will bring supply pressure. Before the holiday, the price fluctuation will narrow. After the holiday, as new cotton is listed, the downward driving force will increase. Attention should be paid to the seed cotton purchase price and trade negotiations [12]. 7. Sweeteners - **Sugar**: In the short term (around National Day), it will oscillate, and the decline may slow down with a potential for a rebound. In Q4, as new sugar is listed in the Northern Hemisphere, the supply pressure will increase, and the price is expected to be weak - side oscillating. Attention should be paid to production data in Brazil's central - southern region [13][14]. 8. Pulps and Papers - **Pulp**: The market is weak - side oscillating. The downstream paper production peak is coming to an end, and the supply is in an oversupply situation. Although there is support from the delivery price, there is no clear upward logic [16]. - **Double - Glued Paper**: The market is weak - side oscillating. The supply is relatively abundant, the demand is not strong, and there is no clear upward or downward driving force in the short term. The long - term outlook is weak [17]. 9. Logs - **Logs**: The market will oscillate around 800 before the holiday. The spot price is stable, the inventory is being de - stocked, and the fundamentals are marginally improving. However, the delivery situation has a negative impact on the market, and the selling hedging pressure is large [19][20].

"再贷款"机制精准发力，助推企业转型升级 民营企业作为市场经济中最具活力的主体，以其经营灵活、市场适应力强等优势，在促进就业、改善民 生、推动经济增长等方面发挥着不可替代的作用。在河南省，民营经济主体数量已突破千万户，占全部 经营主体的95%以上，成为区域经济发展的重要支撑。邮储银行河南省分行积极响应国家政策导向，聚 焦"两高四着力"，持续推进"三项机制"——科技创新和技术改造再贷款机制、支持小微企业融资协调工 作机制、民间投资项目投贷联动机制，全力为民营企业提供坚实金融支持，助力其实现高质量发展。 在焦作某动力股份有限公司的生产车间内，数控机床高速运转，机械臂灵活作业，经过多道精密工序， 一根根光洁锃亮的汽车发动机凸轮轴顺利下线。该公司专注于发动机凸轮轴及新能源电机轴的研发、生 产与销售，是多家国内知名车企的重要供应商，2023年先后获评高新技术企业、河南省专精特新企业及 省级"瞪羚"企业。 随着新能源汽车产业快速发展，企业积极拓展新能源汽车凸轮轴业务，并于2024年年底成功进入某知名 车企供应链体系。为满足新增订单需求，企业需投入800万元购置新设备、扩建生产线，加之年底员工 薪酬发放，资金压力显著增大。 ...

Core Viewpoint - The article emphasizes the importance of high-quality development in China, addressing issues of imbalance and insufficiency in development, and outlines the strategic direction set by the government for the "14th Five-Year Plan" [1] Group 1: Regional Development - Significant progress has been made in regional coordination, with major cities like Shanghai, Hefei, Hangzhou, and Suzhou enhancing cross-regional collaboration in technology and industry [4] - The Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area are becoming key drivers of high-quality national development, projected to account for over 40% of the national economy by 2024 [5] - The integration of industries and resources across regions is increasing, with 40% of energy in eastern regions sourced from western areas through major energy transmission projects [6] Group 2: Infrastructure and Public Services - The construction of strategic transportation networks is accelerating, connecting over 80% of county-level administrative regions and serving approximately 90% of the national economy and population [7] - By the end of 2024, rural road mileage is expected to reach 4.64 million kilometers, achieving nearly universal access to paved roads in villages [11] Group 3: Urban-Rural Integration - The integration of urban and rural areas is progressing, with a focus on breaking down the dual structure and facilitating smoother flow of resources and people [10] - The income gap between urban and rural residents is narrowing, with the income ratio decreasing from 2.56:1 in 2020 to 2.34:1 by 2024 [12] Group 4: Cultural Development - The demand for cultural and spiritual enrichment is rising alongside material wealth, with a record 304 million visitors to museums this year [14] - China's economic strength has significantly increased, with GDP projected to reach around 140 trillion yuan this year, maintaining its status as a global leader in various sectors [15]

Core Viewpoint - The "Celebrating National Day and Welcoming Mid-Autumn Festival" promotional event for local agricultural products in Linyi has become a popular destination for holiday shopping, showcasing the region's diverse agricultural offerings and reflecting the ongoing transformation in its agricultural industry [1][11]. Group 1: Event Overview - The event took place from September 28 to October 4 at the Linyi International Convention and Exhibition Center, attracting a large number of visitors [1]. - Various stalls featured local specialties, including meat products, gourmet items, and traditional snacks, creating a vibrant atmosphere for holiday shopping [3][5]. Group 2: Product Highlights - The event showcased a range of products, such as bacon, chicken fillets, and innovative goose liver products, which drew significant customer interest [3]. - Local specialties like hawthorn strips, chestnuts, and pickled vegetables were popular among attendees, emphasizing the region's agricultural diversity [5][8]. Group 3: Agricultural Development - Linyi's agricultural strategy focuses on "one village, one product" and "one town, one industry," leading to a rich variety of local products [8]. - The region has evolved from simple agricultural practices to advanced processing and branding, indicating a shift from traditional to modern agricultural practices [10]. - The event serves as a microcosm of the broader changes in Linyi's agricultural sector, which is poised for new opportunities under the rural revitalization strategy [11].