8月20日至22日，山东省"技能兴鲁"职业技能大赛——第七届全省粮食行业职业技能竞赛在烟台成 功举办。本次竞赛由省委省直机关工委指导，省发展改革委、省粮食和储备局、省总工会、省国资委主 办。 举办全省粮食行业职业技能竞赛，是落实"技能兴鲁"的重要举措，是发现和培养粮食专业技术人 才、传承和创新行业技术的重要平台。本次竞赛包括粮油保管员、粮油质量检验员两个职业，由理论知 识试题和技能操作考核两部分组成，分设职工组和学生组，其中，粮油质量检验员职工组设企业组（粮 油仓储企业）和机构组（粮油质量检验机构）。全省18支代表队86名选手经过激烈角逐，产生团体奖6 个、组织奖9个，个人一等奖9名、二等奖13名、三等奖21名，优秀选手将代表我省参加全国粮食行业职 业技能竞赛。（记者 杨成） ...

几年前，美国在全球粮食市场上的地位几乎无可撼动。尤其是在中国，作为全球最大粮食进口国，美国的大豆、玉米曾 是不可或缺的选择。然而，现在这种局面已经发生了变化。这样一笔巨大的粮食订单竟然被"旁落"，有些人开始急于挽 回局面，试图通过言辞改变市场态度，却无济于事。看似只是一笔普通的交易流向，但从更大的角度来看，这反映出全 球粮食供应链的潜在变革。 那么，为什么美国粮食突然失宠？这背后并不是一天两天的事，而是多个因素的叠加，逐步将这一局面逼向死胡同。 首先，运输环节成了最大障碍。去年，飓风袭击了美国墨西哥湾沿岸的港口，造成了严重的影响。这里可是美国粮食出 口的重要枢纽，占据全国60%的出口量。风暴一来，港口停摆，机械设备损坏，导致船只无法进出，严重影响了粮食的 运输。在一段时间里，整个地区的大豆出口几乎停滞，玉米出口也急剧下降。更糟糕的是，国际航运成本自年初以来一 路上涨，增加了40%。虽然美国的谷物出口商有货可卖，却无法订到足够的船只，眼看着订单溜走。这种运输困境，意 味着粮食无法按时出口，如何能转化为利润呢？ 最近，航运圈的局势可不太平，问题并非源自台风或运费飙升，而是由于一批货轮的动向引发了人们的关注——这4 ...

Core Viewpoint - The ongoing US-China trade tensions have inadvertently created new opportunities for Russia, particularly in the energy and agricultural sectors, as Russia benefits from increased exports to China [1][3]. Group 1: Trade Dynamics - Russia has historically supplied oil and agricultural products to China at discounted prices, but this model may be shifting due to changing market conditions [3]. - Following the US tariffs on Chinese agricultural products, Russia's exports to China, especially in grains, have significantly increased [4][5]. - In the first quarter of 2025, the total trade volume between China and Russia was $53.2 billion, a year-on-year decrease of 6.6%, with a notable drop in oil imports from Russia by 12.6% [4]. Group 2: Pricing Strategies - Economic analysts suggest that the escalation of trade tensions provides Russia with an opportunity to improve its pricing strategy, potentially moving away from long-standing discount practices [4]. - Discussions within Russia about adjusting pricing strategies have intensified, especially as the country considers restoring or even increasing prices for its exports [5][8]. - Despite a decrease in trade volume, Russia's oil export value to China has declined by 8%, while coal exports fell by 16% [5]. Group 3: Market Adjustments - As global food prices fluctuate, Russia's wheat exports have increased, but the pricing for the Chinese market is gradually being adjusted upwards [7]. - In the first half of 2025, the total trade volume between China and Russia reached $106.4 billion, down 9.1% year-on-year, with significant drops in oil and LNG imports [5]. - Russia's energy strategy remains largely unchanged, but discussions about price increases are ongoing, reflecting a potential shift in the dynamics of Sino-Russian trade [8]. Group 4: Strategic Cooperation - Despite the challenges, high-level interactions between China and Russia continue, emphasizing the importance of their strategic partnership [4][8]. - China is diversifying its import sources to mitigate risks associated with over-reliance on Russian supplies, as seen in its agreements with Ukraine [8]. - The ongoing geopolitical landscape and trade negotiations indicate that both countries are seeking to find mutual benefits despite the pressures from global market changes [8].

Core Insights - Fund managers have made clear adjustments in their portfolios during Q2, indicating strong signals in their investment directions [1][2] Group 1: Sector Focus - The technology sector continues to lead, with significant investments in AI and semiconductor industries, reflecting a strong demand for AI computing power [4][9] - The defense and military industry has seen a holding increase to 4.2%, driven by geopolitical tensions, making it a preferred choice for risk-averse and aggressive investors [6] - The financial sector is experiencing a valuation recovery, with bank holdings rising to 4.9%, supported by low valuations and high dividend yields [7] Group 2: Investment Trends - Passive funds, including ETFs, have seen substantial inflows, with the CSI 300 and CSI 1000 ETFs increasing by 241 million and 115 million shares, respectively, indicating a strong market interest [8] - The electronic industry maintains a high holding of 18.8%, but the high concentration in semiconductors may limit future aggressive investments due to potential adjustment risks [9] - The wine sector has seen a significant reduction in holdings, dropping to 2% after excluding certain funds, signaling a potential exit from this market [11] Group 3: Market Dynamics - Certain sectors like automotive, food and beverage, and power equipment have experienced notable reductions in holdings, with food and beverage seeing a 2.1 percentage point decline, influenced by regulatory pressures [13] - The cyclical and defensive sectors are rising, with agriculture and livestock holdings at 1.6%, indicating a positive shift in fundamentals for these segments [6]

Report Industry Investment Rating No relevant content provided. Core Views - Palm oil: With both supply and demand booming in the producing areas, a low - buying strategy is recommended [2]. - Soybean oil: Bullish factors have been fully priced in, and there may be a correction at high levels [2]. - Soybean meal: US soybeans have risen and then fallen, and the Dalian soybean meal futures will adjust and fluctuate [2]. - Soybean No.1: The futures price will fluctuate [2]. - Corn: It will move in a fluctuating manner [2]. - Sugar: It will consolidate within a range [2]. - Eggs: The price will adjust in a fluctuating way [2]. - Live pigs: Second - fattening has entered the market, but the spot performance is below expectations [2]. - Peanuts: The near - term contracts are stronger than the far - term ones [2]. Summary by Related Catalogs 1. Palm Oil and Soybean Oil - **Fundamental Data**: Palm oil's daytime closing price was 9,294 yuan/ton with a decline of 1.38%, and the night - session closing price was 9,386 yuan/ton with an increase of 0.99%. Soybean oil's daytime closing price was 8,540 yuan/ton with a decline of 0.61%, and the night - session closing price was 8,512 yuan/ton with a decline of 0.33% [5]. - **Macro and Industry News**: India's palm oil imports in July were 855,695 tons, down from 955,683 tons in June. The total vegetable oil imports in July were 1,579,041 tons, up from 1,549,825 tons in June. ICE Canadian canola futures closed down 0.8%, and CBOT soybean futures fell 1.5% due to profit - taking and export concerns. CONAB and ABIOVE both raised their forecasts for Brazil's 2024/25 soybean production and exports [6][8]. - **Trend Intensity**: The trend intensity of palm oil and soybean oil is 0 [9]. 2. Soybean Meal and Soybean No.1 - **Fundamental Data**: DCE soybean No.1 2511's daytime closing price was 4,041 yuan/ton with a decline of 1.13%, and the night - session closing price was 4,049 yuan/ton with a decline of 0.54%. DCE soybean meal 2601's daytime closing price was 3,157 yuan/ton with an increase of 0.38%, and the night - session closing price was 3,140 yuan/ton with a decline of 0.76% [10]. - **Macro and Industry News**: On August 14, CBOT soybean futures fell from a six - week high due to profit - taking and export concerns. The US Department of Agriculture's weekly export sales report showed a significant reduction in 2024/25 US soybean net sales [10][12]. - **Trend Intensity**: The trend intensity of soybean meal and soybean No.1 is 0 [12]. 3. Corn - **Fundamental Data**: The closing price of C2509 was 2,281 yuan/ton with a 0.35% increase during the day and 2,279 yuan/ton with a 0.09% decline at night. The closing price of C2511 was 2,202 yuan/ton with a 0.05% decline during the day and 2,197 yuan/ton with a 0.23% decline at night [13]. - **Macro and Industry News**: Northern corn port collection prices were stable, while prices in Northeast and North China were weak. Imported sorghum and barley had different price quotes for different shipment periods [14]. - **Trend Intensity**: The trend intensity of corn is 0 [15]. 4. Sugar - **Fundamental Data**: The raw sugar price was 16.58 cents/pound with a 0.27 - cent decline. The mainstream spot price was 5,990 yuan/ton with a 10 - yuan increase. The futures主力 price was 5,659 yuan/ton with a 2 - yuan increase [16]. - **Macro and Industry News**: Brazil's sugar production needs to be re - estimated, and India's monsoon rainfall has weakened. China imported 420,000 tons of sugar in June. CAOC made production, consumption, and import forecasts for the 24/25 and 25/26 domestic sugar seasons. ISO estimated a global sugar supply shortage of 547 million tons in the 24/25 season [16][17][18]. - **Trend Intensity**: The trend intensity of sugar is 0 [19]. 5. Eggs - **Fundamental Data**: The closing price of egg 2509 was 3,191 yuan/500 kilograms with a 3.01% decline, and the closing price of egg 2601 was 3,578 yuan/500 kilograms with a 0.11% decline [20]. - **Trend Intensity**: The trend intensity of eggs is 0 [20]. 6. Live Pigs - **Fundamental Data**: The Henan spot price was 13,930 yuan/ton, the Sichuan spot price was 13,550 yuan/ton, and the Guangdong spot price was 15,190 yuan/ton. The prices of futures contracts such as live pig 2509, 2511, and 2601 all showed year - on - year declines [23]. - **Trend Intensity**: The trend intensity of live pigs is - 1 [24]. - **Market Logic**: In August, the planned slaughter volume of group farms increased, while散户 were forced to hold back pigs. Demand growth was limited, and market pressure was high. The September contract is approaching the delivery month, and the industrial willingness to deliver is increasing. There is a pattern of weak reality and strong expectation, and the spread structure maintains an inverse spread [25]. 7. Peanuts - **Fundamental Data**: The prices of important spot peanuts such as Liaoning 308 common peanuts remained unchanged. The closing price of PK510 was 8,058 yuan/ton with a 1.03% decline, and the closing price of PK511 was 7,884 yuan/ton with a 1.40% decline [27]. - **Spot Market Focus**: New peanuts have been gradually coming onto the market in small quantities in some areas, with uneven quality and small supply. Most areas' prices are stable or slightly weak [28]. - **Trend Intensity**: The trend intensity of peanuts is 0 [31].

《越通社》8月11日报道，越南工商联合会驻胡志明市分会与印度尼西亚总领事馆于当日联合举办"越南 粮食安全合作"论坛。论坛上，与会代表表示，越南—印度尼西亚两国将加强粮食合作，推动两国贸易 额在2028年之前实现180亿美元目标。据数据统计，越南和印尼为东盟的两大经济体，人口占该地区的 55%，GDP占地区的45%；2024年双边贸易额达167亿美元，2025年前6个月，双边贸易额达99.5亿美 元。2025年3月，两国关系升级为全面战略伙伴关系。 ...

韩国农林畜产食品部11日说，本轮米价上涨主要由市场供应减少导致，韩国政府决定在本月底前向 地方经销商"出借"共计3万吨2024年收获的政府储备米，以缓解市场供应短缺，条件是这些企业后续用 今年收获的新米返还给政府。 新华社北京8月12日电 韩国媒体11日报道，该国即将进入新米收获期，而市场供应趋紧引发米价上 涨。韩国政府决定首次以"出借"方式向市场投放储备米，以平抑米价。 近期，韩国米价呈上涨趋势。一项最新统计数据显示，截至8月，韩国一袋20公斤装大米平均零售 价为5.8万韩元（约合300元人民币），较常年平均零售价高出逾10%，逼近6万韩元（约合310元人民 币）价格阈值。 这将是韩国政府首次采用这种方式向市场投放储备米。此前，该国曾以拍卖方式投放政府储备米。 （张旌） ...

Core Insights - The article highlights the investment strategies of fund managers in Q2, indicating a clear trend in their portfolio adjustments and signaling strong directional moves in certain sectors [1][2]. Group 1: Sector Focus - The technology sector continues to lead, with significant investments in areas such as 5G infrastructure and AI computing power, reflecting a robust demand and growth potential [3][4]. - The media sector shows a holding of 1.9%, with gaming and advertising segments attracting capital due to accelerated AI application deployment, leading to a performance explosion in the industry [4]. - The agricultural sector has a holding ratio of 1.6%, with a configuration coefficient of 1.36 times, indicating a positive outlook on the fundamentals of livestock and grain sectors [6]. Group 2: Defensive and Cyclical Sectors - The defense and military sector holds a 4.2% share, with geopolitical tensions enhancing the long-term investment logic in areas like aviation and ground equipment [6]. - The financial sector is experiencing a valuation recovery, with bank holdings increasing to 4.9%, driven by low valuations and high dividend yields, making it a leading performer in the market [7]. Group 3: ETF Trends - Passive funds, particularly ETFs, have seen significant inflows, with the CSI 300 and CSI 1000 ETFs increasing by 24.1 billion and 11.5 billion shares respectively, indicating a strong appetite for broad market exposure [8]. Group 4: Cautionary Signals - The electronics sector maintains a high holding of 18.8%, with over half in semiconductors, suggesting a crowded investment space that may face short-term adjustment risks [9]. - The wine sector shows a declining configuration coefficient of 0.54 times, indicating a potential exit signal from investors, necessitating caution against blind bottom-fishing [11]. - Significant reductions in holdings have been observed in the automotive, food and beverage, and power equipment sectors, with food and beverage holdings decreasing by 2.1 percentage points, highlighting fundamental pressures [13].

2025年7月社交媒体上出现了一个新词儿——韩国热通胀，别误会，这可不是说韩国温度计"发疯"，而 是物价。韩国人吃不起五花肉？偷山东大米，跑越南养猪？本期视频一口气看懂韩国的粮食危机！ ...

巴西要求美国将粮食产品排除在特朗普威胁的50%关税之外。 ...