央视网消息：广东省的早稻育秧工作这两天陆续铺开，各地育秧生产线开足马力，保障早稻生产。 山西运城：夹马口引黄灌区启动首轮春浇供水 在江门台山市都斛镇，这里的育秧工作也在有序展开。智慧育秧工厂里，立体循环育秧设备匀速运转，带动育秧盘循环移动。工厂通过智 能系统可对光照、水肥、温湿度进行全程精准调控，年供应高品质秧苗可达22万盘。据了解，广东全省集中育秧工作将持续至3月中上旬。 在山东省德州市，潘庄灌区渠首提闸引水，全力保障周边9个县（市、区）的粮食生产用水需求。潘庄灌区运行维护中心水情科科长赵聪 介绍，前期已对总干渠节制闸计量设施全面排查维护，消除隐患，渠首流量为30立方米每秒，后续灌区将持续加大引水力度，保障春灌用水需 求。 眼下正值春耕生产关键时节，山西运城、山东德州多地灌区开启了首轮春浇春灌工作，为全年粮食丰收筑牢根基。 在湛江雷州市唐家镇，当地今年新建成了智能育秧大棚，全自动育秧生产线有序完成撒土、播种、洒水等全流程作业。目前，该大棚配备 了两条全自动育秧生产线，可为超5000亩农田提供优质秧苗。 近日，山西省运城市夹马口引黄灌区启动首轮春浇供水，将黄河水精准输送至临猗、永济、万荣、盐湖四个县（市、区） ...

#人参喂猪牛奶浇地是否有点暴殄天物了#【中听评论：人参喂猪，牛奶浇地，噱头背后，价值几何？】 #牛奶灌溉草莓卖出天价关键好不好吃#人还没上人参，猪先吃上了。2月24日，"为了一道菜喂猪吃了一 年人参"冲上热搜。2月25日，"牛奶灌溉草莓卖出360元天价"冲上热搜。人参喂猪，牛奶浇地，是不是 有点暴殄天物了？ 先说人参喂猪这事，人参中的主要活性成分是人参皂苷，猪是只有一个胃的杂食动物，对人参皂苷的直 接吸收率并不高。大部分皂苷会在消化道中被分解或随粪便排出。这更像是为了流量，而制造的一个行 为艺术。 再说给草莓喝牛奶。鲜奶大约5元一斤，浇一次地要800斤鲜奶，成本约4000元。从种下草莓到最终收 获，需要浇多少次地？算下来，光是牛奶一项，就需要巨额费用，恐怕最终卖的草莓连牛奶的成本都收 不回。 互联网时代，总是不乏这类营销。它让公众的焦点从"农产品好不好吃"偏移到了"故事够不够离谱"。长 此以往，踏实种地、科学养殖的老实人会被边缘化，而善于编故事、造噱头的投机者却占据着C位。 当农业不再关注如何让普通人吃得更好、更放心，而是绞尽脑汁如何让少数人吃得更"贵"、更"奇"，这 就背离了振兴农业的初衷。#牛奶灌溉草莓卖 ...

2026年2月25日，A股三大股指小幅高开，磷化工、锂矿概念、小金属概念股、稀土永磁等涨幅居前。2月24日，百川盈孚数据显示，稀土产品价格加速上 涨。氧化镨钕等主要稀土产品价格近期持续走高，现货供应紧张，下游磁材企业存在备货采购需求，共同推动价格上涨。 海外消息，近日特朗普官员初步将OPEN的AI定价模型聚焦于锗、镓、锑和钨四种关键矿产，随后将逐步扩大覆盖范围，此举揭示了特朗普政府试图主动介 入关键矿产定价的路径，消息公布后，外盘有色金属出现明显涨幅。现货方面，当前市场仍处于节后恢复初期，锡锭库存季节性累增中，预计短期锡价仍以 高位震荡偏强为主。 锗方面，作为光纤的关键材料，海外锗价突破4000美元/kg。锗目前已被多个国家列为战略性保护矿产资源。展望未来，供给端，中国作为最大的锗生产 国，近年来持续加强对锗的出口管制，全球范围内的锗供应量或继续受限。需求端，随着军事红外、低轨卫星、通信、光伏等领域的景气提升，对锗的需求 量预计将持续增长。东莞证券认为，尽管目前高位的锗价使得下游企业的购买热情有所退却，但供弱需强的局面奠定了锗价上行的基础，预计未来锗价将再 度开启上升通道。 此外，全球能源转型正从政策驱动迈向 ...

Group 1 - The winter wheat in Anhui province's Ying Shang County, covering 1.5 million acres, is entering the greening period, which is critical for water and fertilizer demand and yield formation [4] - Due to last year's autumn floods, over 80% of the winter wheat was sown late, resulting in generally weak seedling growth [4] - A total of 30 specialized pest control service teams and over 360 agricultural technicians are providing guidance to farmers in the region [4] Group 2 - The early rice seedling preparation is currently in a crucial phase in Jiangxi's Xinyu, where multiple agricultural service teams are assisting farmers in seedling cultivation [6] - In Guangdong, the area for centralized early rice seedling preparation has exceeded 2 million acres, with intensive efforts underway post-Chinese New Year [7][9] - Automated seedling production lines in newly established greenhouses are enhancing seedling quality and reducing costs per acre, with the first batch of seedlings expected to be transplanted after the Spring Festival [9]

春耕春播尚未开始，准备工作先行开展。近日，省农业农村厅发布2026年农业主导品种和主推技 术，旨在为各地农业生产提供指导。此次发布的主导品种涉及玉米、水稻、花生、水果等88个，主推技 术涉及水稻秸秆还田、香菇优质高效生产技术等90项。 好的品种和技术，应用后发挥的价值和优势是显而易见的。"上榜的盐粳219是2020年通过审定的， 不仅抗稻瘟病能力强，米质也非常优秀，曾获第三届全国优质稻品种食味品质鉴评金奖，深受农户喜 欢。目前平均亩产600公斤至650公斤，优质稻谷收购价明显高于其他普通稻谷水平。"省农科院盐碱地 所副研究员任海说。 组织开展农业主导品种和主推技术遴选，是为发挥科技对主要粮油作物大面积单产提升、特色产业 发展和重要农产品稳定安全供给的支撑作用，加快优良品种和先进适用技术推广应用。省农业农村厅要 求各地结合本批主导品种和主推技术、优势特色产业发展要求和农业生产经营者技术需求，遴选发布本 地区年度农业主导品种和主推技术。 省农业农村厅相关负责人表示，让主导品种和主推技术落地为农业生产提质增效，重点要发挥试验 示范基地、示范主体等引领带动作用。同时，充分调动公益性农技推广机构和社会化服务组织的积极 ...

本报黄南讯 （记者 芈峤） 2月24日，记者从黄南藏族自治州农牧局了解到，当地围绕农牧业农牧区高 质量发展，早谋划、早动员、早部署，多措并举抓实备耕春播各项工作，全力推进重点任务落地，奋力 实现一季度经济和农业生产"开门红"。 为夯实生产基础，黄南州深入实施"四良两优"工程，将省上既定的种植任务细化分解至市县、乡镇、村 组，严格落实"日调度、周督查、月通报"机制，每月开展实地督导，力争一季度完成粮食播种5666公 顷、油料播种1666公顷、蔬菜种植53公顷。 在提升生产质量和激活生产动力上，黄南州双管齐下。一方面选派技术骨干下沉一线开展指导，统筹乡 镇、农业农村、供销等部门做好农资具储备，目前已储备各类优势农作物良种98.8万公斤；另一方面足 额落实强农惠农补贴，首批农机购置、耕地地力保护、小麦"一喷三防"等补贴资金已全部下拨，同时完 成2600台农机具检修保养，切实激发农民种粮积极性。 当地强化监管守牢生产安全底线，开展"春季农资打假护农百日行动"，加强农资市场监管，严厉打击制 假售假行为，同步关注天气预警、开展灾害防范指导，目前已下派农技人员20余人次。此外，以项目建 设为抓手，落实第一批衔接资金2865 ...

央视网消息：春意渐浓，农事正忙。冬小麦逐渐返青，春管工作如火如荼；早稻育秧进入关键期， 科技助力育好苗、育壮苗。 ...

证券研究报告 | 2026年02月23日 2026年02月24日 美国农业部（USDA）月度供需报告数据分析专题 优于大市 美国 2026 年牛价景气预计维持，基于南美丰产再上调全球大豆期末库存 种植链农产品：底部盘整，等待上行。 1）玉米：全球产量预估环比调增，供需格局维持宽松。USDA2 月供需报告 预计 25/26 产季全球期末库销比环比调减 0.17pcts，中国期末库销比未 作调整。目前国内玉米价格已处于历史周期底部位置，中长期供需平衡 趋于收紧，后续预计价格底部支撑较强。 2）大豆：价格处于历史低位，静待周期底部反转。USDA2 月供需报告预计 25/26 产季全球期末库销比环比调增 0.15pcts 至 29.55%。近期国内豆 粕价格表现震荡企稳，短期，进口成本对大豆及豆粕现货价格仍有较好 支撑，中长期，2026 年 3 月后巴西大豆将陆续上量，关注后续南美天气 扰动、贸易与生物燃料政策的潜在催化。 3）小麦：国内小麦供应充足，预计后续底部震荡。USDA2 月供需报告预计 全球供给维持充裕，最终25/26 产季全球期末库销比环比调减 0.10pcts。 中国小麦 25/26 年度期末库销比未作 ...

Core Insights - The report emphasizes the construction of a strategy portfolio based on industry and thematic ETFs, leveraging insights from previous strategy reports on industry rotation and ETF market overview [2]. Strategy Update - The strategy portfolio includes various ETFs with specific holdings and weightings, such as: - Wine ETF with a market value of 184.16 billion, holding a significant position in the liquor industry (84.84%) [3]. - Real Estate ETF valued at 6.61 billion, fully invested in real estate development (100%) [3]. - Tourism ETF at 88.57 billion, primarily focused on the aviation and airport sector (33.21%) [3]. - New additions include Agriculture and Fishery ETF and Grain ETF, with respective holdings in aquaculture (46.89%) and planting (49.63%) [3]. - The strategy's performance for the period from February 9 to February 13, 2026, showed a cumulative net return of approximately -0.38%, underperforming the CSI 300 ETF by about -0.85% [3]. Performance Tracking - Since October 14, 2024, the strategy has achieved a cumulative return of approximately 37.93%, outperforming the CSI 300 ETF by about 14.43% [3][4]. - The report includes a performance chart illustrating the cumulative return of the industry rotation ETF strategy since its inception [4]. Weekly Holdings and Performance - The report details the weekly performance of various ETFs, indicating that the strategy will continue to hold Wine, Real Estate, Tourism, and Traditional Chinese Medicine ETFs while adding Agriculture and Grain ETFs [11]. - The average return of the ETF portfolio for the week was -0.38%, with a notable underperformance compared to the CSI 300 ETF [11].

Group 1: Agricultural Development in Guangdong - Guangdong has implemented the "Hundred Counties, Thousand Towns, and Ten Thousand Villages High-Quality Development Project" to achieve significant agricultural growth, with the primary industry value ranking second nationally and rural incomes outpacing urban residents for 16 consecutive years [1] - The agricultural output value of five major industries in Qingyuan has increased by 15.1%, with Qingyuan chicken, bamboo shoots, and Yingde black tea each exceeding 10 billion yuan in output value [1] - The province has created 12 national advantageous characteristic industrial clusters and 24 national modern agricultural parks, focusing on cultivating agricultural industry clusters worth hundreds of billions and tens of billions [6] Group 2: Food Security and Grain Production - Guangdong has achieved record-high grain yields, with rice production exceeding 500 kg per mu for four consecutive years, contributing to local food security [2][3] - The province's comprehensive grain production capacity has increased from 12.38 million tons in 2021 to 12.98 million tons by 2025, marking a continuous increase in grain output [3] - Guangdong is enhancing its food supply system by developing marine ranches and modernizing fishing ports, leading the nation in total aquatic product output and marine fish farming [3] Group 3: Rural Infrastructure and Living Conditions - Guangdong has made significant improvements in rural living conditions, with 90% of natural villages achieving wastewater treatment and 97% of rural households having sanitary toilets [8][9] - The province has constructed or renovated approximately 46,000 green houses and planted over 42 million trees in villages, enhancing the rural environment [9] - Rural infrastructure has been upgraded, with 99.3% of rural areas having access to tap water and 83.5% of administrative villages connected to dual-lane roads [9] Group 4: Rural Industry and Employment - The development of the Baijiao sea bass industry in Zhuhai has created an agricultural value chain worth over 18 billion yuan, benefiting over 2,000 farming households [5] - The cultivation of lychee in Guangdong has reached the highest area, output, and value in the country, contributing to the growth of the Lingnan fruit industry cluster [7] - The "Meizhou pomelo" brand has achieved a public brand value of 22.75 billion yuan, showcasing the successful establishment of a complete industrial chain for local agricultural products [6][7]