中国发展网讯山东省东营市发展改革委价格监测，本周东营市各县区农贸市场主要居民生活消费品价格 总体基本平稳运行，截至8月14日，重点监测的55种商品均价周环比(与上周同期相比，下同)10降32平 13升，同比(相较去年同期，下同)40降5平10升。 粮油类 粮油价格基本稳定。监测的12种商品周环比10平2升。其中，特一粉每500克2.050元(均价，下同)，周环 比、同比均持平；粳米2.860元，周环比持平，同比下降0.69%；小米4.900元，周环比持平，同比下降 7.89%；鲁花花生油(一级桶装，5L)149.000元，周环比持平，同比下降0.67%。 肉、禽、蛋类 肉类价格稳中有降。监测的7种肉类均价20.450元，周环比4降2平1升。其中，精瘦肉价格为13.800元， 周环比下降2.82%，同比下降21.59%；五花肉价格为12.600元，周环比下降3.08%，同比下降25.88%； 鲜牛肉价格为34.600元，周环比上涨1.17%，同比上涨3.59%；鲜羊肉价格为40.600元，周环比持平，同 比上涨0.50%；白条鸡价格为8.500元，周环比持平，同比下降4.49%。 鸡蛋价格略降，均价为3.560 ...

Agricultural Products Market - The national market price of edible agricultural products increased by 0.1% from the previous week [1] - The average wholesale price of 30 types of vegetables was 4.19 yuan per kilogram, rising by 2.4%, with spinach, cauliflower, and cucumber increasing by 24.5%, 16.9%, and 9.9% respectively [1] - Wholesale prices of grain and oil showed slight fluctuations, with rapeseed oil up by 0.1%, while soybean oil and rice prices remained stable, and flour and peanut oil decreased by 0.2% and 0.1% respectively [1] - Poultry product wholesale prices experienced minor fluctuations, with white strip chicken increasing by 0.3% and eggs decreasing by 1.0% [1] - Meat wholesale prices slightly declined, with pork at 20.31 yuan per kilogram, down by 0.2%, while lamb decreased by 0.1% and beef increased by 0.3% [1] - Wholesale prices of aquatic products decreased, with large yellow croaker, large hairtail, and crucian carp dropping by 1.1%, 0.8%, and 0.4% respectively [1] - Fruit wholesale prices saw a slight decline, with watermelon, pear, and grape prices falling by 4.0%, 2.2%, and 1.6% respectively [1] Production Materials Market - The wholesale prices of finished oil products slightly decreased, with 0 diesel, 95 gasoline, and 92 gasoline dropping by 0.5%, 0.4%, and 0.3% respectively [2] - Rubber prices showed a slight decline, with synthetic rubber and natural rubber decreasing by 0.7% and 0.2% respectively [2] - Steel prices predominantly decreased, with rebar, high-speed wire, and channel steel priced at 3452 yuan, 3639 yuan, and 3690 yuan per ton, down by 0.7%, 0.6%, and 0.3% respectively [2] - Prices of non-ferrous metals showed slight fluctuations, with copper down by 0.6%, while zinc and aluminum increased by 0.3% and 0.2% respectively [2] - Basic chemical raw material prices remained stable, with soda ash and polypropylene decreasing by 0.4% and 0.3%, while methanol remained unchanged and sulfuric acid increased by 0.1% [2] - Fertilizer prices remained stable, with urea and ternary compound fertilizer unchanged from the previous week [2] - Coal prices saw a slight increase, with coking coal, smokeless lump coal, and thermal coal priced at 976 yuan, 1135 yuan, and 761 yuan per ton, increasing by 1.8%, 0.5%, and 0.3% respectively [2]

Group 1: Report Industry Investment Ratings - Cotton: Neutral. The lower inventory and upcoming textile peak season provide strong support for cotton prices, but the ample global supply in the new year and potential regulatory policies limit the upside [2] - Sugar: Neutral. Short - term range - bound, long - term bearish [5] - Pulp: Neutral. The current pulp market fundamentals have no significant improvement, and short - term prices are hard to break out of the bottom [7] Group 2: Core Views - Cotton: The USDA report is bullish, causing cotton prices to rise. However, the global cotton market in the 2025/26 season may still be in a loose supply pattern. In China, short - term cotton prices have bottom support, but the long - term outlook is bearish due to new cotton listing and uncertain demand [1] - Sugar: The Brazilian data is bearish, and the Zhengzhou sugar futures face short - term upward pressure due to factors like slow domestic sales and large imports [4] - Pulp: The supply of pulp is under pressure in the second half of 2025, and the demand is weak. The pulp price is expected to remain at a low level [6] Group 3: Market News and Important Data Cotton - Futures: The closing price of cotton 2601 contract was 14,130 yuan/ton, up 150 yuan/ton (+1.07%) from the previous day [1] - Spot: The Xinjiang arrival price of 3128B cotton was 15,057 yuan/ton, up 5 yuan/ton; the national average price was 15,188 yuan/ton, up 11 yuan/ton [1] Sugar - Futures: The closing price of sugar 2601 contract was 5657 yuan/ton, up 49 yuan/ton (+0.87%) from the previous day [3] - Spot: The sugar spot price in Nanning, Guangxi was 5970 yuan/ton, up 10 yuan/ton; in Kunming, Yunnan was 5855 yuan/ton, up 40 yuan/ton [3] - Export: Brazil exported 392.08 million tons of sugar in August 2024, with a daily average of 17.82 million tons [3] Pulp - Futures: The closing price of pulp 2511 contract was 5302 yuan/ton, up 38 yuan/ton (+0.72%) from the previous day [5] - Spot: The spot price of Chilean Silver Star softwood pulp in Shandong was 5860 yuan/ton, up 10 yuan/ton; the price of Russian softwood pulp was 5250 yuan/ton, up 50 yuan/ton [5] Group 4: Market Analysis Cotton - International: The USDA report is bullish, but the global cotton market in 2025/26 may have loose supply. The US cotton balance sheet is difficult to improve, and prices will follow the macro - market sentiment [1] - Domestic: Short - term cotton prices have bottom support, but the long - term outlook is bearish due to new cotton listing and uncertain demand [1] Sugar - International: Brazilian data is bearish, and the raw sugar futures are in bottom - range oscillation with limited rebound space [4] - Domestic: The domestic sugar market has increasing pressure due to slower sales, large imports, and falling processed sugar prices [4] Pulp - Supply: There is supply pressure in the second half of 2025, with high port inventories and expected decline in imports [6] - Demand: The demand is weak both at home and abroad, and the improvement in the second half of the year is limited [6] Group 5: Strategies - Cotton: Adopt a neutral strategy, as the price has a bottom and upside limited [2] - Sugar: Adopt a neutral strategy, with short - term range - bound and long - term bearish views [5] - Pulp: Adopt a neutral strategy, as the short - term price is hard to break out of the bottom [7]

Report Industry Investment Rating No relevant information provided. Core Viewpoints - China's financial data in July showed steady growth, and the A-share market strengthened with increased trading volume. The economy in July still had resilience, with positive policies and various economic indicators showing certain trends. For example, China's July exports increased, and the narrowing M2 - M1 gap indicated improved capital circulation efficiency. In the US, the July non - farm data was below expectations, but the service PMI improved, and inflation showed different trends [2]. - Attention should be paid to the impact of "reciprocal tariffs." The US has set new tariff standards, and the current tariff situation may affect goods with high external demand. Concerns about interest rate hikes and market liquidity shortages have increased, and the demand for Japanese government bond auctions has decreased [3]. - Different commodity sectors have different characteristics. The black and new energy metal sectors are sensitive to the domestic supply - side, the energy and non - ferrous sectors benefit from overseas inflation expectations, and the "anti - involution" space of some chemical products and the follow - up trends of "anti - involution" in the market are worthy of attention [4]. - The strategy for commodities and stock index futures is to allocate long positions in industrial products on dips [5]. Summary by Relevant Catalogs Market Analysis - China's economic data in July: The official manufacturing PMI in July dropped to 49.3, the new order index dropped to 49.4, non - manufacturing remained in expansion, exports increased by 7.2% year - on - year, CPI was flat year - on - year, PPI's month - on - month decline narrowed, new social financing was 1.16 trillion yuan, and the M2 - M1 gap narrowed. The US's July non - farm data was below expectations, but the service PMI improved, and inflation showed different trends. On August 13, the A - share market strengthened, and trading volume exceeded 2 trillion yuan [2]. Tariff and Interest Rate - The US has set new "reciprocal tariff" standards, and the current tariff situation is in a "stagnant" stage, which may affect external - demand - sensitive goods. After the July interest rate meeting, the Fed's attitude towards interest rate cuts is uncertain, and concerns about interest rate hikes and market liquidity shortages have increased, leading to a decrease in the demand for Japanese government bond auctions [3]. Commodity Analysis - Different commodity sectors: The black sector is still dragged down by downstream demand expectations, the supply shortage in the non - ferrous sector persists, the energy sector's medium - term supply is expected to be relatively loose (OPEC + plans to increase production by 548,000 barrels per day in August), and the "anti - involution" space of some chemical products is worthy of attention. Agricultural products have limited short - term fluctuations. After the start of the "anti - involution" market in July, major varieties have retreated to some extent, and future trends will depend on the restoration of the economic fundamentals before the introduction of reciprocal tariffs in April and the implementation of "anti - involution" [4]. Strategy - The strategy for commodities and stock index futures is to allocate long positions in industrial products on dips [5]. Key News - China's financial data from January to July: RMB loans increased by 12.87 trillion yuan, deposits increased by 18.44 trillion yuan. At the end of July, M2 was 329.94 trillion yuan (up 8.8% year - on - year), M1 was 111.06 trillion yuan (up 5.6% year - on - year), M0 was 13.28 trillion yuan (up 11.8% year - on - year), and the net cash injection in the first seven months was 465.1 billion yuan. The social financing scale from January to July was 23.99 trillion yuan [6]. - Other news: The IEA predicts that the global oil market will face a record supply surplus next year. Trump will meet with Putin to discuss the Ukraine crisis. The A - share market strengthened on August 13, and the trading volume of the Shanghai, Shenzhen, and Beijing stock markets exceeded 2 trillion yuan [2][4][6].

Core Insights - Brazil's soybean exports reached a record high of 12.25 million tons in July, with total exports for the first seven months of the year hitting 77.2 million tons, marking the first time this level has been surpassed in history [1] - China's purchasing demand remains the primary driver of trade, with Brazil's competitive soybean prices leading to increased purchases from China, thereby deepening Brazil's reliance on the Chinese market [1] - Domestic demand from crushing enterprises has risen, boosting sales of downstream products like soybean meal and oil [1] Market Dynamics - The significant appreciation of the Brazilian real against the US dollar has limited domestic soybean price increases, reducing export revenues and suppressing domestic prices below previous high levels [1] - Exchange rate fluctuations are a critical variable affecting domestic soybean prices, with the real's appreciation leading to decreased revenue per ton when converted to reais, prompting some producers to delay sales in anticipation of better market conditions [1] - Industry insiders expect that as long as export demand remains strong and domestic crushing plants continue active procurement, Brazilian soybean sales will remain robust; however, the direction of the exchange rate will continue to influence domestic pricing trends, necessitating flexible sales strategies from producers and traders [1]

1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints of the Report The report provides a comprehensive overview of the futures market, including overnight and spot prices, important fundamental information, macro news, and capital flows. Key events include Malaysia's increase in the September export tax on crude palm oil, expected low sunflower seed production in Ukraine, and potential impacts of weather on US crops. [1][9][12] 3. Summary by Relevant Catalogs Overnight Market Quotes - The closing prices and percentage changes of various futures, including Malaysian palm oil, Brent crude, US crude oil, US soybeans, and others, are presented. Currency exchange rates such as the US dollar index and several other currencies against the US dollar are also provided. [1] Spot Market Quotes - Spot prices, basis, and basis changes for DCE palm oil, DCE soybean oil, and DCE soybean meal in different regions are given. CNF premiums and quotes for imported soybeans from different origins are also included. [2] Important Fundamental Information Weather in Production Areas - US soybean - producing states are expected to have higher - than - normal temperatures and mostly median precipitation from August 18th to 22nd. A slow - moving front in the US Midwest will bring rain and temperature changes, which may benefit some crops but also cause flooding in some areas. [5][8] International Supply - related News - Malaysia has raised the reference price and export tax of crude palm oil for September. Indonesia has saved at least $3.68 billion in foreign exchange through the use of palm - based biodiesel. Forecasts for US soybean, soybean meal, and soybean oil export sales are provided. Brazil's soybean, soybean meal, and corn export volumes for a specific period are predicted. Argentina's soybean sales data is released. Ukraine's rapeseed and sunflower seed production is expected to decline. The Baltic Dry Index has risen. [9][10][11][12] Domestic Supply and Demand - On August 13th, the total trading volume of soybean oil and palm oil increased, while the trading volume of soybean meal decreased. The national oil mill operating rate declined. Price changes of various agricultural products and livestock products are reported. [14][15][16] Macro News International News - Market expectations for the Fed's interest rate cuts in September and October are high. The US Treasury Secretary believes the Fed should cut rates. US mortgage application and oil reserve data are provided. The IEA has lowered global oil demand growth forecasts. UAE's refined oil inventory has decreased. [18][19] Domestic News - The US dollar/renminbi exchange rate has decreased (renminbi appreciation). The central bank has conducted reverse repurchase operations and achieved a net withdrawal of funds. China's July financial statistics show the growth of M2, M1, and M0. [20] Capital Flows - On August 13th, the futures market had a net capital inflow of 27.391 billion yuan, with 5.129 billion yuan in commodity futures (including inflows in agricultural and chemical futures and outflows in black - series futures) and 22.262 billion yuan in stock index futures. [24]

200万元西牛麻 竹笋、英德红茶 出口斐济！清远 供销助清远农产 品出海_南方+_ 南方plus 8月14日，西牛 麻竹笋、英德红 茶出口斐济发车 仪式在清远英德 市英红镇英红工 业园举行，由清 远市供销合作社 下属的全资企业 ——清远市清供 优品农业发展有 限公司出品的清 远特色农产品即 将发往斐济，这 也标志着清远供 销正助力五大百 亿级农业产业进 一步拓展全球销 售网络，与"一 带一路"国家的 经贸往来愈发紧 密。 西牛麻竹笋、英德红茶发车出口斐济。 作为广州都市圈 协同发展的关键 节点以及珠三角 地区产业转移承 接的重要高地， 清远在农产品出 海方面始终表现 强劲。2025年一 季度，清远市对 共建"一带一 路"国家进出口 额达93.2亿元， 同比增长 19.3%，亮眼的 成绩彰显了清远 在国际经贸舞台 上的活力与潜 力。而西牛麻竹 笋和英德红茶作 为清远极具代表 性的农产品，近 年来在国际舞台 一路"乘风破 浪"，成绩斐 然。 搭建合作桥梁 中斐交流迈向新 高度 2025年是中国提 出共建"一带一 路"倡议12周 年。12年里，清 远紧抓机遇，积 极融入其中，与 共建国家之间的 经贸合作蓬勃发 展。 ...

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints - Industry analysts estimate that for the week ending August 7, US soybean export sales are expected to increase by a net of 60 - 160 million tons, with 20 - 70 million tons for the 2024 - 25 season and 40 - 90 million tons for the 2025 - 26 season. US soybean meal export sales are expected to increase by a net of 15 - 50 million tons, with 5 - 25 million tons for the 2024 - 25 season and 10 - 25 million tons for the 2025 - 26 season. US soybean oil export sales are expected to increase by a net of 0 - 2.2 million tons, with 0 - 1.8 million tons for the 2024 - 25 season and 0 - 0.4 million tons for the 2025 - 26 season [1]. - Malaysia has raised its reference price for crude palm oil in September, increasing the export tariff to 10%. The calculated reference price for September is 4,053.43 Malaysian ringgit (962.12 US dollars) per ton, up from 3,864.12 US dollars in August with an export tariff of 9%. The export tariff starts at 3% when the crude palm oil price is in the range of 2,250 - 2,400 Malaysian ringgit per ton and reaches a maximum of 10% when the price exceeds 4,050 Malaysian ringgit per ton [1]. - The Zhengzhou Commodity Exchange has issued a risk warning letter, stating that there are many uncertain factors affecting the rapeseed meal and rapeseed oil markets recently and reminding member units to strengthen investor education and risk prevention [1]. 3) Summary by Relevant Catalogs Overnight Market Information - US soybean, soybean meal, and soybean oil export sales expectations for the week ending August 7 [1]. - Malaysia's adjustment of the reference price and export tariff for crude palm oil in September [1]. - Zhengzhou Commodity Exchange's risk warning letter [1]. Spot Prices - Spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from August 7 to August 13, 2025 are provided [1]. Other Information - Information on precipitation in major producing countries, import soybean crushing profit on the futures market, and grease import profit is mentioned, but no specific data is provided [1]. - Information on protein meal basis, grease basis, and grease - oilseed price spreads on the futures market is mentioned, but no specific data is provided [1].

Group 1: Report Overview - Report date: August 14, 2025 [2] - Report author: Research Center's Agricultural Products Team [2] Group 2: Corn/Starch Data Summary - Corn prices in Changchun, Jinzhou, and Shekou remained stable, while prices in Weifang decreased by 6 yuan. The basis decreased by 19 yuan, trade profit decreased by 5 yuan, and import profit increased by 41 yuan [3]. - Starch prices in Heilongjiang and Weifang remained stable, the basis decreased by 6 yuan, and processing profit increased by 10 yuan [3]. Core Views - Corn: In the short term, the market atmosphere has eased due to reserve auctions, and new - season corn is about to be listed, leading to a slight increase in market circulation and a slight decline in prices. In the long term, if the import profit space persists, it may increase forward import orders, and the supply increase after the new - season corn is listed may put downward pressure on prices [4]. - Starch: In the short term, starch prices fluctuate with raw material prices, and the inventory remains high, so the market is expected to continue to fluctuate weakly. In the long term, high inventory and expected lower raw material costs lead to a bearish outlook [4]. Group 3: Sugar Data Summary - The spot prices in Liuzhou, Nanning, and Kunming increased by 20 yuan, 10 yuan, and 40 yuan respectively. The basis decreased by 29 yuan, and the import profit increased by 50 yuan. The number of warehouse receipts decreased by 324 [7]. Core Views - Internationally, Brazil is in the peak crushing season, but due to lower - than - expected yields, there may be a corrective rebound in raw sugar prices. Domestically, Zhengzhou sugar follows raw sugar, and the large - scale arrival of imported sugar will put pressure on the market [7]. Group 4: Cotton/Cotton Yarn Data Summary - The price of 3128 cotton increased by 100 yuan, and the number of warehouse receipts + forecasts decreased by 82. The price of Vietnamese yarn increased by 50 yuan, and the import profit increased by 58 yuan. The 32S spinning profit decreased by 55 yuan [8]. Core Views - Cotton has entered a consolidation phase. If there are no major macro - risks, the low in April can be regarded as the long - term bottom, and the downside space is limited. Attention should be paid to changes in demand [8]. Group 5: Eggs Data Summary - Egg prices in Hubei increased by 0.03 yuan, and the basis increased by 10 yuan. The price of white - feather broilers decreased by 0.05 yuan, the price of yellow - feather broilers increased by 0.10 yuan, and the price of pigs decreased by 0.01 yuan [9]. Core Views - Egg prices rebounded in mid - July due to supply and demand factors, then corrected. From mid - August, demand is expected to pick up, but high inventory may limit the rebound height. Attention should be paid to disease risks and vegetable price fluctuations [9]. Group 6: Apples Data Summary - The spot price of Shandong 80 first - and second - grade apples remained stable, and the national inventory decreased by 17,000 tons, with Shandong and Shaanxi inventories decreasing by 20,000 tons. The 1 - month basis decreased by 17 yuan, the 5 - month basis decreased by 20 yuan [10][11]. Core Views - The new - season apples are in the growth stage. The national output is expected to be similar to last year. Consumption is in the off - season, and the inventory is the lowest in the past five years. The spot price is stable, and attention should be paid to the situation after bag removal [11]. Group 7: Pigs Data Summary - Pig prices in Henan Kaifeng, Hubei Xiangyang, and Anhui Hefei increased by 0.05 yuan, 0.05 yuan, and 0.15 yuan respectively. The basis increased by 235 yuan [11]. Core Views - The spot price rebounded over the weekend due to reduced supply in some areas, but demand has not improved significantly. There is still medium - term supply pressure, but there are also policy expectations in the long term. The futures market is driven by sentiment, and attention should be paid to factors such as the slaughter rhythm, weather, and policies [11].

1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - The agricultural product options market shows different trends. Oilseeds and oils are in a strong - side volatile trend, while other products like eggs, soft commodities, and grains have their own specific trends. It is recommended to construct option portfolio strategies mainly based on sellers, as well as spot hedging or covered strategies to enhance returns [2] 3. Summary by Relevant Catalogs 3.1 Futures Market Overview - Different agricultural product options have different price changes. For example, the latest price of soybean No.1 (A2511) is 4,080, down 7 with a decline rate of - 0.17%. The trading volume and open interest of each variety also vary [3] 3.2 Option Factors - Volume and Open Interest PCR - The volume and open - interest PCR of different agricultural product options are different, which can be used to describe the strength of the option underlying market and the turning point of the underlying market [4] 3.3 Option Factors - Pressure and Support Levels - Each agricultural product option has its own pressure and support levels. For example, the pressure level of soybean No.1 is 4,300 and the support level is 4,050 [5] 3.4 Option Factors - Implied Volatility - The implied volatility of different agricultural product options shows different characteristics. For example, the implied volatility of soybean No.1 option maintains a relatively high level of historical average fluctuations [6] 3.5 Option Strategies and Recommendations 3.5.1 Oilseeds and Oils Options - **Soybean No.1 and No.2**: The fundamental situation of soybeans shows changes in import costs and weather in the US. In terms of options, the implied volatility of soybean No.1 is high, and the open - interest PCR is below 0.6. Recommended strategies include selling neutral call + put option combinations and constructing long collar strategies for spot hedging [7] - **Soybean Meal and Rapeseed Meal**: The fundamentals of soybean meal show changes in daily提货量, basis, and inventory. The implied volatility of soybean meal options is above the historical average, and the open - interest PCR is below 0.6. Recommended strategies are similar to those of soybean No.1 [9] - **Palm Oil, Soybean Oil, and Rapeseed Oil**: The fundamentals of palm oil show changes in production, inventory, and exports. Palm oil is in a bullish trend. The implied volatility of palm oil options is decreasing, and the open - interest PCR is above 1. Recommended strategies include constructing bullish call option spread combinations and selling bullish call + put option combinations [10] - **Peanut**: The peanut market has changes in trading volume, price, and oil mill operations. Peanut is in a weak - side volatile trend. Recommended strategies include constructing bearish put option spread combinations and long collar strategies for spot hedging [11] 3.5.2 Agricultural By - product Options - **Pig**: The spot price of pigs has declined. Pig is in a weak - side volatile trend. The implied volatility of pig options is rising, and the open - interest PCR is below 0.5. Recommended strategies include selling bearish call + put option combinations and covered strategies for spot [11] - **Egg**: The spot price of eggs is weak. Eggs are in a bearish trend. Recommended strategies include constructing bearish put option spread combinations and selling bearish call + put option combinations [12] - **Apple**: The apple market shows changes in production and inventory. Apples are in a gradually warming - up trend. Recommended strategies include selling neutral call + put option combinations [12] - **Jujube**: The jujube market has a good de - stocking process. Jujubes are in a short - term bullish trend. Recommended strategies include constructing bullish call option spread combinations and selling bullish wide - straddle option combinations [13] 3.5.3 Soft Commodity Options - **Sugar**: The domestic sugar market has an increasing production and tightened import policies. Sugar is in a weak - side bearish trend. Recommended strategies include selling bearish call + put option combinations and long collar strategies for spot hedging [13] - **Cotton**: The cotton market has changes in import and shipment. Cotton is in a short - term weak trend. Recommended strategies include selling bullish call + put option combinations and covered strategies for spot [14] 3.5.4 Grain Options - **Corn and Starch**: The corn market has changes in auctions, inventory, and production costs. Corn is in a weak - side bearish trend. Recommended strategies include constructing bearish put option spread combinations and selling bearish call + put option combinations [14]