瑞达期货研究院 「2026.01.23」 玉米类市场周报 现货市场偏强支撑 玉米期价继续收涨 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 关 注 我 们 获 业 务 咨 询 添 加 客 服 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 联系电话：0595-86778969 Ø 玉米： Ø 行情回顾：本周玉米期货震荡收涨。主力2603合约收盘价为2300元/吨，较上周+19元/吨。 Ø 行情展望：美玉米供需格局较为宽松，继续牵制国际玉米市场价格。国内方面，东北产区截止1月 20日中储粮储备玉米累计销售成交量已近87万吨，随着拍卖底价下调，成交率大幅提升，市场看 涨预期有所收敛，加之随着年关临近，基层售粮主体基于变现需求，售粮心态已出现松动迹象， 深加工企业收购价格偏高，带动潮粮销售进度加快。深加工企业整体库存同比略低，春节前仍存 在一定备货需求，对价格仍有较强支撑作用。华北黄淮产区雨雪天气继续缩减，随着天气转好物 流运输陆续恢复，贸易商为缓和资金压力，也有意销售变现，整体购销活跃度有 ...

Core Viewpoint - Hongliu Village is implementing a "Strong Village Company + Order Agriculture + Technology Empowerment" model to enhance its economic vitality and achieve rural revitalization, with the company generating over 1.5 million yuan in revenue [4][5]. Group 1: Strong Village Company - The establishment of the Strong Village Company aims to create a self-sustaining economic model, moving away from reliance on external aid [15][16]. - The company has integrated over 120 acres of idle land and is focused on market-oriented operations to drive local economic growth [12][24]. - A performance incentive mechanism for village officials has been introduced to enhance motivation and efficiency in promoting the company's development [34][35]. Group 2: Order Agriculture - The village is promoting "Order Agriculture" to address issues of land abandonment and market misalignment, ensuring farmers can grow crops with guaranteed sales [57][61]. - Collaboration with large enterprises and agricultural experts has been established to provide technical support and ensure quality production [64][66]. - The introduction of high-quality rice varieties and a structured planting plan has stabilized farmers' income expectations [63][69]. Group 3: Benefit Sharing - The economic benefits generated by the Strong Village Company are being reinvested into community welfare, including cash subsidies for elderly residents to support healthcare [75][78]. - Various community improvement projects have been initiated, enhancing living conditions and addressing urgent local needs [81][83]. - The overall development strategy emphasizes resource activation, market access, and shared benefits, contributing to a vibrant and prosperous community [87][89].

Group 1 - The core of the agreement between Canada and China is a mutual exchange, involving the import of electric vehicles and canola seeds [1][3] - Canada has set an annual import quota of 49,000 electric vehicles for China, with a most-favored-nation tax rate of 6.1%, which is significant for Chinese electric vehicle manufacturers [3] - China has agreed to reduce the import tariff on Canadian canola seeds from 85% to approximately 15%, a reduction of 70 percentage points, which is a positive development for Canadian canola farmers [5] Group 2 - The agreement also includes tariff reductions on other agricultural products such as canola meal, lobster, crab, and peas, indicating Canada's strong commitment to the Chinese market [7] - The deal involves large-scale joint ventures over the next three years, with Canada planning to build complete vehicle factories and related projects, expanding the electric vehicle supply chain into the North American market [9] - Canadian Prime Minister Carney's statement reflects a shift in perception, as Canada views China as more stable and predictable compared to the fluctuating policies of the United States [11] Group 3 - The situation is part of a broader trend, with European countries also engaging in electric vehicle trade negotiations with China, highlighting a shift in global alliances [13][18] - Recent polling indicates that nearly 60% of Canadians view the U.S. as a primary threat, while only 17% have a negative view of China, marking a significant change in public sentiment [20] - The collective shift of U.S. allies towards China is driven by the desire for stability and predictability in an uncertain world, with China's long-standing commitment to open cooperation being particularly attractive [23][25]

贡布胡椒有三种品种，包括黑胡椒、红胡椒和白胡椒。报告显示，2025年贡布胡椒的售价高于往 年，黑胡椒每公斤售价17美元，红胡椒每公斤售价27美元，白胡椒每公斤售价30美元，绿胡椒每公斤售 价10美元。 贡布胡椒主要种植于柬埔寨两个沿海省份，即西南部的贡布省和白马省，约 85% 出口到国外市 场，特别是法国、德国、韩国、俄罗斯、美国、捷克和新加坡，而约 15% 供应国内消费。 柬埔寨81%的胡椒产自与越南接壤的三个省份，其中特本克蒙省占45%，蒙多基里省占21%，腊塔 纳基里省占15%。 （原标题：2025年柬埔寨出口超110吨贡布胡椒） 柬埔寨贡布胡椒推广协会（KPPA）近日发布报告称，2025年柬埔寨出口了112吨贡布胡椒。 贡布胡椒以其细腻的香气和浓郁的辛辣味而闻名，是世界上第一个获得欧盟保护地理标志 (PGI) 地 位的胡椒，也是 2010 年柬埔寨第一个获得保护地理标志的胡椒。 ...

发布日期：2026 年 1 月 21 日 【冠通期货研究报告】 大豆：国内大豆现货市场呈现涨跌互现、整体稳定的运行格局。产区市场价 格小幅波动，一方面近期市场走货节奏偏弱，另一方面部分前期底价货源出现小 幅补涨，多空因素交织下产区价格总体保持稳定；销区市场价格则出现小幅回落， 下游食品企业需求持续疲软，采购以随采随用为主，市场交投氛围清淡。今天国 产大豆购销双向 66116 吨，全部成交，说明市场需求存在一定支撑。预估大豆延 续震荡走势。 养殖产业链日报：近月宽松明显 注：本报告有关现货市场的资讯与行情信息，来源于我的钢铁网、中储粮网、 粮达网、金十期货网站。 玉米：本周进口玉米定向邀标投放量从 20 万吨缩减至 10 万吨随后暂停，成 为支撑东北农户惜售和现货价格偏强的重要心理因素。而中储粮在东北等主产区 同步增加常规轮换玉米竞价销售规模，1 月 16 日黑吉辽三省同时启动拍卖，这 种部分收紧、部分释放的调节模式，进一步增加了未来政策投放节奏及力度的不 确定性，也限制了贸易商的囤货热情。短期玉米市场在刚性需求支撑下，继续保 持高位偏强运行格局，春节前备货节奏将是核心驱动因素。强烈的惜售心态、政 策预期与疲弱 ...

格隆汇1月21日丨苏垦农发(601952.SH)公布2025年度业绩快报公告，2025年度，公司全年营业收入 101.86亿元，较上年同期减少7.32亿元，下降6.70%，归属于上市公司股东的净利润5.54亿元，较上年同 期减少1.76亿元，下降24.17%，主要为报告期内农产品价格持续低位震荡，同时受极端气候影响，主要 农作物单产下降、单位成本上升，毛利空间收窄所致。 ...

格隆汇1月21日丨苏垦农发(601952.SH)公布2025年度业绩快报公告，2025年度，公司全年营业收入 101.86亿元，较上年同期减少7.32亿元，下降6.70%，归属于上市公司股东的净利润5.54亿元，较上年同 期减少1.76亿元，下降24.17%，主要为报告期内农产品价格持续低位震荡，同时受极端气候影响，主要 农作物单产下降、单位成本上升，毛利空间收窄所致。 ...

Core Insights - The article highlights the successful integration of rural e-commerce in revitalizing the local economy, exemplified by the live-streaming efforts of a village leader promoting local agricultural products [1][2] - The approach combines storytelling with product marketing, emphasizing cultural and emotional connections to enhance consumer engagement [1] Group 1: E-commerce and Economic Impact - The village of Sihou has seen significant economic benefits from e-commerce, with 120,000 tourists visiting during the last National Day holiday, generating over 500,000 yuan in sales for local agritourism and products [2] - The model of "short video traffic + live streaming conversion + community repurchase" has created a complete sales chain, effectively linking online and offline sales [1] Group 2: Brand Development and Community Involvement - The establishment of a physical store, "Yunong Liangpin Fangcheng Specialty Products," serves as a showcase for standardized agricultural products, ensuring quality consistency and allowing local farmers to share in brand profits [1] - The "big household leading small households" model has doubled the income of local farmers, demonstrating the effectiveness of collaborative branding and marketing strategies [1]

Group 1 - The core viewpoint emphasizes the importance of comprehensive rural revitalization as a key focus for the Jining government, aiming to build a modern agricultural strong city by enhancing agricultural efficiency, rural vitality, and farmers' income [1][2] - Jining's rural revitalization strategy is characterized by systematic engineering, promoting coordinated development across regions rather than isolated efforts, with plans to upgrade rural infrastructure and improve living conditions [2][4] - The agricultural modernization transformation is crucial, focusing on enhancing the entire value chain from production to sales, exemplified by the garlic industry in Cuikou Village, which has successfully integrated technology and collective efforts [3][4] Group 2 - The implementation of the "Million Project" experience is highlighted as a successful model for rural revitalization, transforming previously overlooked rural areas into vibrant cultural and tourism hubs, attracting significant visitor numbers and generating substantial economic benefits [1][3] - Jining plans to cultivate 11 characteristic industrial chains and launch over 20 food processing projects worth over 100 million yuan, aiming to enhance agricultural productivity and promote the integration of agriculture with other sectors [3][4] - The overall goal for Jining's rural revitalization by 2026 includes optimizing regional layouts, strengthening industrial dynamics, beautifying rural landscapes, and improving the quality of life for residents [4]

Group 1 - Canada and China announced specific arrangements to address trade issues in electric vehicles, steel, aluminum, canola, and agricultural products during Prime Minister Carney's visit, which was widely welcomed by Canadian public opinion [1] - The new trade agreement opens a market worth over $7 billion for Canadian workers and businesses, with Canada eliminating a 100% additional tax on Chinese electric vehicles and providing an annual quota of 49,000 vehicles at a 6.1% most-favored-nation tariff rate [1] - The agreement is seen as a significant positive factor for the Canadian economy, providing opportunities for discussions on long-term development prospects [1] Group 2 - The new agreement brings hope to Canadian farmers, particularly canola growers, who faced a $1 billion loss last year, allowing them to adjust their spring planting plans and improve cash flow [3] - Analysts believe that concerns about the agreement offending the U.S. are unfounded, as the U.S. has excluded itself from the electric vehicle sector and does not prioritize agricultural products [3] - A senior Canadian official indicated that Canada aims to engage in joint ventures and investment projects with Chinese companies over the next three years to develop domestic electric vehicles, positioning Canada as the first North American country to independently develop electric vehicles [4] Group 3 - The agreement is not viewed as a one-sided concession to Beijing but rather a strategic move by Canada to secure its own interests, with a return to 2023 policy levels for electric vehicles and a reopening of markets for agriculture [4] - The partnership extends to important cooperation in public safety and visa-free entry for Canadian citizens to China [4] - Carney emphasized the need to change the historically strained relationship between Canada and China, aiming to establish a new strategic partnership that benefits both nations [4]