和讯财经 和而不同 迅达天下 【11月26日多类能源期货价格下跌】11月26日，WTI 1月原油期货收跌0.89美元，跌幅超1.51%，报 57.95美元/桶。布伦特1月原油期货收跌0.89美元，跌超1.40%，报62.48美元/桶。中东Abu Dhabi Murban 原油期货跌1.80%，报63.85美元/桶。NYMEX 12月天然气期货收跌约2.75%，报4.4240美元/百万英热单 位。NYMEX 12月汽油期货收报1.8572美元/加仑，NYMEX 12月取暖油期货收报2.3538美元/加仑。 原油、天然气期货:11月26日多品种 收跌 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 【11月26日多类能源期货价格下跌】 11月26日, WTI 1月原油期货收跌0.89美元,跌幅超1.51%,报 57.95美元/桶。布伦特1月原油期货收跌0.89美元, 跌超1.40%,报62.48美元/桶。中东Abu Dhabi Murban 原 油期货跌 1.80%,报 63.85 美 元 / 桶。 NYMEX 12月天然气期货收跌约2.75%,报4.4240美 元/百万英热单位。NYMEX 12月汽 ...

Group 1 - On November 12, various energy futures prices increased, with WTI December crude oil futures rising by $0.91, a 1.51% increase, closing at $61.04 per barrel [1][2] - Brent January crude oil futures also saw an increase, rising by $1.10, or 1.72%, to close at $65.16 per barrel [1][2] - Abu Dhabi Murban crude oil futures rose by 1.34%, closing at $67.27 per barrel [1][2] Group 2 - NYMEX December natural gas futures surged over 5.23%, closing at $4.5650 per million British thermal units [1][2] - NYMEX December gasoline futures closed at $2.0120 per gallon [1][2] - NYMEX December heating oil futures closed at $2.5757 per gallon [1][2]

1. Report Industry Investment Rating No information provided in the given content. 2. Core Viewpoints of the Report The report presents a comprehensive overview of the commodities market, including overnight and spot prices, important fundamental information on supply - demand, and details on capital flows and macro - economic data. It offers insights into the palm oil, soybean, and other related markets both internationally and domestically, as well as key economic indicators from the US and China [1][3][7]. 3. Summary by Relevant Catalogs 3.1 Overnight Market Quotes - The closing price of BMD Malaysian palm oil futures contract 01 was 4122.00, with a previous - day decline of 0.84% and an overnight increase of 0.32% [1]. - Brent crude oil contract 01 on ICE closed at 63.55, down 1.24% from the previous day and 0.86% overnight [1]. - NYMEX WTI crude oil contract 12 closed at 59.64, down 1.31% from the previous day and 0.83% overnight [1]. - CBOT soybean contract 01 closed at 1134.50, up 1.27% from the previous day and 0.58% overnight [1]. - The US dollar index was at 100.17, down 0.04% [1]. 3.2 Spot Market Quotes - For DCE palm oil 2601, the spot price in North China was 8740, with a basis of 100 and no change from the previous day [3]. - For DCE soybean oil 2601, the spot price in Shandong was 8350, with a basis of 204 and a decrease of 18 from the previous day [3]. - For DCE soybean meal 2601, the spot price in Shandong was 3030, with a basis of - 10 and an increase of 21 from the previous day [3]. 3.3 Important Fundamental Information 3.3.1 Production Areas Weather - In central Brazil, showers will be active until next week, which is beneficial for crops. In South Rio Grande do Sul/Paraná, there will be regional showers until Thursday, scattered showers on Friday, and regional showers on Saturday. Temperatures will be near to above normal from Wednesday to Thursday and near to below normal from Friday to Saturday [5]. 3.3.2 International Supply - Demand - MPOA estimates that Malaysia's palm oil production from October 1 - 31 increased by 12.31% to 2.07 million tons, reaching an eight - year high [7]. - India's palm oil imports in October dropped to a five - year low of 750,000 tons due to increased domestic inventory, weak food industry demand, and a narrowing price gap with other oilseeds [8]. - Analysts expect that as of the week ending October 30, US 2025/26 soybean export sales will net increase by 400,000 - 2 million tons, soybean meal by 50,000 - 450,000 tons, and soybean oil by 5,000 - 25,000 tons [9]. 3.3.3 Domestic Supply - Demand - On November 5, the total trading volume of soybean oil and palm oil was 12,300 tons, a decrease of 10,900 tons or 47% compared to the previous trading day [13]. - On November 5, the total trading volume of soybean meal at major domestic oil mills was 132,100 tons, an increase of 62,000 tons compared to the previous day [13]. 3.3.4 International Macroeconomic Data - The probability of the Fed cutting interest rates by 25 basis points in December is 62.5%, and the probability of keeping rates unchanged is 37.5% [14]. - The US ADP employment in October was 42,000, higher than the expected 28,000 [14]. 3.3.5 Domestic Macroeconomic News - On November 5, the US dollar/Chinese yuan exchange rate was 7.0901, up 16 points (yuan depreciation) [16]. - On November 5, the People's Bank of China conducted 65.5 billion yuan of 7 - day reverse repurchase operations, resulting in a net withdrawal of 492.2 billion yuan due to 557.7 billion yuan of 7 - day reverse repurchase maturities [16]. 3.4 Capital Flows - On November 5, 2025, the futures market had a net capital inflow of 4.605 billion yuan. Commodity futures had a net inflow of 132 million yuan, including 1.087 billion yuan for agricultural product futures, 937 million yuan for chemical futures, and 773 million yuan for black - series futures, while metal futures had a net outflow of 2.664 billion yuan. Stock index futures had a net inflow of 4.278 billion yuan, and treasury bond futures had a net outflow of 30 million yuan [20]. 3.5 Arbitrage Tracking No specific information provided in the given content.

Report Summary 1) Report Industry Investment Rating No investment rating information is provided in the report. 2) Core Viewpoints The report presents a comprehensive overview of the agricultural and energy futures markets, including overnight and spot prices, important fundamental information, macro - economic news, and capital flow data. It also provides forecasts on the supply and demand of key agricultural products such as palm oil and soybeans. 3) Summary by Relevant Catalogs Overnight行情 - Overnight closing prices, previous day's and overnight percentage changes are given for various futures including palm oil, Brent crude, US crude, soybeans, soybean meal, and soybean oil. For example, the closing price of BMD palm oil 01 is 4139.00 with a previous day's increase of 0.70% and an overnight decrease of 0.12% [1]. - Latest prices and percentage changes are provided for multiple currencies such as the US dollar index, Chinese yuan, Malaysian ringgit, etc. For instance, the US dollar index is at 100.20 with a 0.34% increase [1]. 现货行情 - Spot prices, basis, and basis changes for DCE palm oil 2601, DCE豆油 2601, and DCE豆粕 2601 in different regions are presented. For example, the spot price of DCE palm oil 2601 in North China is 8720 with a basis of 100 and no change in basis [3]. - CNF升贴水 and CNF报价 for imported soybeans from different regions are shown. The CNF升贴水 for Brazilian soybeans is 235 cents per bushel and the CNF报价 is 503 dollars per ton [5]. 重要基本面信息 - **产区天气**: Rainy weather has returned to central Brazil, which is beneficial for soybean crops. Different states in Brazil have different weather conditions and temperature trends [6]. - **国际供需** - MPOB月报前瞻: Malaysian palm oil inventory is expected to rise 3.5% to 2440000 tons in October, with production reaching 1940000 tons (up 5.6% from the previous month) and exports increasing 3.8% to 1480000 tons [8]. - StoneX: Reduced the US 2025 soybean yield forecast from 53.9 to 53.6 bushels per acre, and the production forecast to 4.303 billion bushels [8]. - S&P Global Commodity Insights: Predicted the 2025 US soybean average yield at 53.0 bushels per acre and production at 4.260 billion bushels [8]. - StoneX: Kept the forecasts for Brazil's 2025/26 soybean and summer corn harvests largely unchanged, with a 0.1% increase in the 2025/26 soybean production forecast [9]. - Imea: The soybean crushing profit in Mato Grosso state from October 27 - 31 was 502.44 Brazilian reals per ton [9]. - Deral: The soybean planting area in Parana state reached 79% of the expected area, with 93% of the evaluated area having good growth [9]. - EU: As of November 2, the 2025/26 palm oil, soybean, soybean meal, and rapeseed imports were 960000 tons, 3.81 million tons, 6.11 million tons, and 1.26 million tons respectively, all lower than the previous year [10][11]. - Kazakhstan: Exports of livestock feed meal in September 2025 reached a record high of 305000 tons, 2.5 times the previous year [11]. - Baltic Dry Index: Rose 13 points or 0.7% to 1958 points due to increased demand for Capesize vessels [11]. - **国内供需** - On November 4, soybean oil and palm oil total sales were 23200 tons, a 121% increase from the previous day [13]. - On November 4, the total soybean meal sales of major domestic oil mills were 70100 tons, a decrease of 34200 tons from the previous day. The national oil mill operating rate was 51.51%, a 2.37% decrease [13]. - As of November 4, the national soybean oil port inventory was 1199000 tons, a decrease of 35000 tons from October 28 [13]. - The average prices of piglets, live pigs, and pork in China changed compared to the previous week and the same period last year [13]. - On November 4, the "Agricultural Product Wholesale Price 200 Index" decreased by 0.13 points, and the "Vegetable Basket" product wholesale price index decreased by 0.16 points [14]. 宏观要闻 - **国际要闻** - The probability of the Fed cutting interest rates by 25 basis points in December is 70.1%, and the probability of keeping rates unchanged is 29.9% [17]. - The US Red Book commercial retail sales annual rate increased 5.7% in the week ending November 1 [17]. - The US Senate failed to pass the federal government's temporary appropriation bill on November 4, and the government "shutdown" is set to become the longest in history [18]. - The US API crude oil inventory in the week ending October 31 was 6.521 million barrels [18]. - The Reserve Bank of Australia kept the benchmark interest rate at 3.60% and is cautious about further easing [18]. - **国内要闻** - On November 4, the US dollar/Chinese yuan exchange rate was 7.0885, up 18 points [20]. - On November 4, the People's Bank of China conducted 117.5 billion yuan of 7 - day reverse repurchase operations, with a net withdrawal of 357.8 billion yuan [20]. - On November 5, the People's Bank of China will conduct 700 billion yuan of 3 - month (91 - day) outright reverse repurchase operations [20]. 资金流向 On November 4, 2025, the futures market had a net capital outflow of 15.329 billion yuan, including a net outflow of 9.065 billion yuan in commodity futures and 6.369 billion yuan in stock index futures, and a net inflow of 0.01 billion yuan in treasury bond futures [23]. 套利跟踪 No specific content is provided in the given report.

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - The report presents a comprehensive analysis of the futures market, including overnight and spot prices, important fundamental information, macro news, fund flows, and arbitrage tracking [1][3][6][18][23][26] 3. Summary by Relevant Catalogs Overnight Market - The closing prices and percentage changes of various futures contracts such as palm oil, Brent crude, US crude, soybeans, soybean meal, and soybean oil are presented, along with the latest prices and percentage changes of currency indices [1] Spot Market - Spot prices, basis, and basis changes of DCE palm oil, DCE soybean oil, and DCE soybean meal in different regions are provided [3] Important Fundamental Information 产区天气 - The future weather outlook for US soybean - producing states from November 5th to 9th shows that temperatures will be above normal and precipitation will be near or below the median [6] - In the US Midwest, sporadic showers may disrupt early - November harvesting or other field operations, with variable weather and limited precipitation [8] - In central Brazil, showers have restarted, and more extensive rainfall is expected this week, which may affect soybean crop germination and early growth [9] 进出口及产量数据 - AmSpec reported that Malaysia's palm oil exports in October increased by 4.31% month - on - month, while ITS reported a 5.19% increase [10] - Indonesia set the reference price for crude palm oil in November slightly higher than in October, with export taxes remaining unchanged [10] - The USDA may release several major agricultural reports in November, and analysts expect US soybean crushing volume in September to reach a record high [10][11] - The amount of soybean oil used to produce biofuels in the US in August decreased compared to July [11] - The soybean planting progress in Mato Grosso state is 76.13%, slightly lower than the historical average [12] - The rapeseed harvesting progress in Canada is high, and the export volume increased in the week ending October 26th, but decreased compared to the same period last year [12] - India's soybean meal exports in the 2024/25 fiscal year decreased by 11% [13] - The Baltic Dry Index declined, with different types of ships showing varying price trends [14] 国内供需 - On October 31st, the total trading volume of soybean oil and palm oil increased by 26% compared to the previous trading day [16] - The trading volume of soybean meal in major domestic oil mills increased, and the overall oil mill operating rate decreased [16] - The actual soybean crushing volume of oil mills in the 44th week was lower than expected [16] - The pig - raising profit improved, and the "Agricultural Product Wholesale Price 200 Index" and "Vegetable Basket Product Wholesale Price Index" increased on October 31st [16][17] Macro News International News - A Fed official believes that the Fed should not cut interest rates this week or in December [19] - Analysts' forecasts for oil prices remain largely unchanged, and OPEC+ may slightly increase its oil production target or pause production increases [19][20] Domestic News - On October 31st, the US dollar/Chinese yuan exchange rate was adjusted upwards, and the central bank achieved a net investment through reverse repurchase operations [22] - The Dalian Commodity Exchange will list option contracts for soybean meal and corn futures [22] Fund Flows - On October 31st, 2025, the futures market had a net capital outflow of 9.226 billion yuan, with commodity futures having a net outflow of 2.724 billion yuan and stock index futures having a net outflow of 6.722 billion yuan, while treasury bond futures had a net inflow of 140 million yuan [25] Arbitrage Tracking - No relevant information provided

Group 1 - WTI crude oil futures decreased by 0.72% as of 20:30 [1] - US natural gas futures increased by 5.75% [1]

Core Insights - WTI crude oil futures for November closed up by $0.82, a rise of 1.33%, settling at $62.55 per barrel [1] - Brent crude oil futures for December increased by $0.80, or 1.22%, ending at $66.25 per barrel [1] - Abu Dhabi Murban crude oil futures rose by $1.50, reaching $67.68 per barrel [1] - NYMEX natural gas futures for November fell over 4.17%, closing at $3.3330 per million British thermal units [1] - NYMEX gasoline futures for November settled at $1.9095 per gallon [1] - NYMEX heating oil futures for November closed at $2.2913 per gallon [1]

Group 1 - WTI crude oil futures increased by 2.24% as of 20:30 [1] - US natural gas futures rose by 0.31% [1]

1. Report Industry Investment Ratings - Not provided in the content 2. Core Views of the Report - The report provides daily research and analysis on various commodities in the futures market, including precious metals, base metals, energy, and agricultural products. It presents the latest price trends, fundamental data, and macro - industry news for each commodity, along with trend strength ratings to help investors understand the market situation and potential investment opportunities [2][7][13] 3. Summary by Commodity Precious Metals - **Gold**: After the JH meeting, Powell's dovish stance influenced the market. The trend strength is 1, indicating a slightly bullish outlook. Yesterday, the closing price of沪金2510 was 783.22 with a daily increase of 0.26%, and the night - closing price was 785.02 with a 0.29% increase [6][7][11] - **Silver**: It is expected to reach the previous high. The trend strength is 1. Yesterday, the closing price of沪银2510 was 9377 with a 0.77% increase, and the night - closing price was 9405 with a 0.90% increase [7][11] Base Metals - **Copper**: With the fall of the US dollar, the copper price rose. The trend strength is 1. Yesterday, the closing price of沪铜主力合约 was 78,930 with a - 0.33% change, and the night - closing price was 78990 with a 0.08% increase [13][15] - **Zinc**: It shows a weak and oscillating trend. The trend strength is 0. Yesterday, the closing price of沪锌主力 was 22170 with a - 0.63% change [16][17] - **Lead**: The reduction in inventory supports the price. The trend strength is 0. Yesterday, the closing price of沪铅主力 was 16910 with a 0.12% increase [19][20] - **Tin**: It is in a range - bound oscillation. The trend strength is 1. Yesterday, the closing price of沪锡主力合约 was 272,680 with a 0.33% increase [22][25] - **Aluminum**: It is in a range - bound oscillation. The trend strength is 0. The closing price of沪铝主力合约 was 20750 [26][28] - **Alumina**: There is an obvious supply surplus. The trend strength is - 1 [26][28] - **Cast Aluminum Alloy**: It is in a range - bound oscillation. The trend strength is 0 [26][28] - **Nickel**: It runs in a narrow - range oscillation. The trend strength is 0. The closing price of沪镍主力 was 120,990 [29][34] - **Stainless Steel**: It has a short - term low - level oscillation. The trend strength is 0. The closing price of the stainless steel主力 was 12,850 [29][34] Energy and Chemicals - **Carbonate Lithium**: The inventory reduction is limited, and it is in a range - bound oscillation. The trend strength is - 1 [35][37] - **Industrial Silicon**: Attention should be paid to the upside space. The trend strength is - 1 [38][41] - **Polysilicon**: The upstream inventory is being reduced, and market information should be monitored. The trend strength is - 1 [39][41] - **Iron Ore**: Due to the repeated macro - expectations, it has a wide - range oscillation. The trend strength is 0. The closing price of I2601 was 790.5 with a 1.93% increase [42] - **Rebar**: It has a wide - range oscillation. The trend strength is 0. The closing price of RB2510 was 3,129 with a 0.55% increase [44][47] - **Hot - Rolled Coil**: It has a wide - range oscillation. The trend strength is 0. The closing price of HC2510 was 3,385 with a 0.83% increase [45][47] - **Silicon Iron**: Market information disturbances lead to a wide - range intraday oscillation. The trend strength is 0 [48][50] - **Manganese Silicon**: Market information disturbances lead to a wide - range intraday oscillation. The trend strength is 0 [48][50] - **Coke**: It has a wide - range oscillation. The trend strength is 0. The closing price of J2601 was 1672.5 with a 0.2% increase [51] - **Coking Coal**: It has a wide - range oscillation. The trend strength is 0. The closing price of JM2601 was 1175 with a 1.8% increase [51] - **Log**: It oscillates repeatedly. The trend strength is 0 [53][56] - **Para - Xylene**: The supply - demand is still in a tight balance, and it is in a high - level oscillating market [59] - **PTA**: The trend is weaker than expected. It is recommended to go long on PTA and short on MEG [59] - **MEG**: A positive spread arbitrage on the monthly difference is suggested, with limited upside space [59] Others - **LPG**: The supply - demand remains loose, and it has a short - term weak oscillation [5] - **Propylene**: The supply - demand tightens, and the spot price is at a high level [5] - **PVC**: The trend still faces pressure [5] - **Fuel Oil**: The price continued to decline at night and remains weak in the short term [5] - **Low - Sulfur Fuel Oil**: The decline in the domestic market continues, and the spread between high - and low - sulfur in the foreign spot market has temporarily stabilized [5] - **Short - Fiber**: The raw material support weakens, and it oscillates weakly [5] - **Bottle Chip**: The raw material support weakens, and it oscillates weakly [5] - **Offset Printing Paper**: It oscillates at a low level and has limited upward momentum [5] - **Pure Benzene**: It oscillates weakly [5] - **Palm Oil**: There is no new fundamental driver, and it is waiting for a correction [5] - **Soybean Oil**: The trading of the soybean shortage in the fourth quarter is suspended, and it is in a correction [5] - **Soybean Meal**: The US soybeans are stable, and the Dalian soybean meal oscillates [5] - **Soybean No. 1**: It oscillates [5] - **Corn**: It oscillates [5] - **Sugar**: It has a narrow - range consolidation [5] - **Cotton**: Pay attention to the new crop situation, and the futures price oscillates strongly [5] - **Egg**: The sentiment for the far - end is weak [5] - **Live Pig**: With the new delivery warehouse announcement, there is a basis market for the near - month contract [5] - **Peanut**: Pay attention to the listing of new peanuts [5]

Group 1 - WTI October crude oil futures rose by $0.4, an increase of 0.70%, closing at $64.60 per barrel [1] - Brent October crude oil futures increased by $0.57, nearly 0.84%, closing at $68.62 per barrel [1] - Abu Dhabi Murban crude oil futures are currently up by 2.99%, trading at $74.75 per barrel [1] Group 2 - NYMEX October natural gas futures rose by nearly 2.01%, closing at $2.9440 per million British thermal units [1] - NYMEX September gasoline futures closed at $2.1991 per gallon [1] - NYMEX September heating oil futures closed at $2.3098 per gallon [1] Group 3 - ICE UK natural gas futures fell by 2.28% [1] - TTF benchmark Dutch natural gas futures dropped by 5.02% [1] - ICE EU carbon emission trading allowances (futures prices) decreased by 1.20% [1]