Core Viewpoint - The Yiseng Agricultural Futures Index experienced fluctuations, closing at 1176.04 points last Friday, indicating a short-term trend of oscillation with a slight upward bias [1]. Group 1: Cotton Market - Cotton prices are showing strong fluctuations, with U.S. cotton rebounding but the momentum weakening. Zheng cotton is performing strongly due to tight old crop cotton inventories and high bullish sentiment among investors. However, future performance is expected to remain oscillatory with a slight upward trend due to industrial hedging pressure [3]. Group 2: Sugar Market - The sugar market is maintaining a fluctuating trend, with ICE raw sugar contract dropping to a low of 15.44 cents per pound. Low prices are stimulating demand, providing support to the market, while expectations of a decline in the sugar-ethanol price ratio in Brazil are also influencing the market. Overall, Zheng sugar is unlikely to show a trending market due to hedging pressures [3]. Group 3: Soybean Meal and Oil Market - Soybean meal prices are showing a strong oscillatory trend. Recent price movements have been influenced by weak performances in CBOT soybeans and Canadian canola, with domestic supply expected to be limited due to rapidly declining canola inventories. The market is anticipated to remain supported by strong soybean meal prices [3]. - Conversely, canola oil prices are experiencing a downward trend due to improved rainfall in Canadian canola production areas, which is exerting pressure on domestic canola oil futures. The market is expected to focus on destocking, with some support for spot prices [4]. Group 4: Peanut Market - The peanut market is experiencing oscillations, with concentrated old crop supplies and rising summer storage costs on one hand, and limited demand due to the off-season on the other. The overall planting area for new season peanuts is expected to increase slightly, which has already been reflected in the market. Future price movements will depend on weather conditions and import-related developments [4]. Group 5: Overall Market Outlook - The Yiseng Agricultural Futures Index is expected to remain within its current range in the short term, with a primary outlook of oscillatory performance with a slight upward bias [5].

Group 1: Cotton Market - Cotton futures prices are experiencing fluctuations as temperatures in Xinjiang rise, with most cotton fields entering the flowering stage, indicating good growth conditions [1] - The ongoing uncertainty regarding US-China tariff policies is causing market volatility, while the downstream textile industry is in a traditional consumption lull, leading to reduced orders and slight inventory accumulation [1] - Cotton prices may face downward pressure in the short term due to demand seasonality, with a support level to watch around 13,000 yuan/ton [1] Group 2: Soybean Meal and Oil Market - Soybean meal prices are rising, but there are still supply pressures, and inventory depletion may be challenging due to a lack of significant increases in aquaculture production [1] - Soybean oil prices are also increasing, supported by strong bottom levels despite a persistent oversupply situation, influenced by international relations and overall oil market trends [1] Group 3: Sugar Market - Sugar futures prices are declining, with Brazil's exports showing a decrease of 2% year-on-year, and India's projected sugar production for the 2025/2026 season estimated at 35 million tons [2] - In Guangxi, sugar sales have increased by 537,100 tons year-on-year, with a sales rate of 71.85%, indicating a positive trend in local sugar consumption [2] - Short-term sugar prices in Zhengzhou are expected to follow external market fluctuations, with a key support level at 5,600 yuan/ton [2] Group 4: Peanut Market - Peanut prices are declining due to weak spot market transactions, with new season prices stabilizing around 4.7 yuan per jin [2] - A significant reduction in import volumes is pushing up imported peanut prices, while peanut oil prices remain stable, indicating a mixed market response [2] Group 5: Overall Market Trends - The Yisheng Agricultural Futures Index showed a rebound last week, closing at 1,155.54 points, ending the previous week's downward trend [3] - The market is expected to continue experiencing wide fluctuations, with the index likely to maintain a volatile operating pattern in the near future [4]

Group 1 - The Yisheng Agricultural Futures Index experienced weak fluctuations last week, closing at 1156.17 points as of last Friday [1] - Cotton prices are showing a divergence between domestic and international markets, with domestic prices remaining strong despite an overall expectation of increased supply [1] - Sugar market dynamics are shifting towards Brazil's peak crushing season, with potential impacts from drought on sugarcane yields needing to be monitored [1] Group 2 - The soybean meal market is experiencing strong fluctuations, supported by rising soybean prices and expectations of decreased rapeseed supply in the future [1][2] - The peanut market is showing strong fluctuations, driven by a shift in pricing focus from oilseeds to commodity rice, with current prices supported by limited supply and strong demand from traders [2] - The overall trend for the Yisheng Agricultural Futures Index is expected to remain strong within the current fluctuation range [2]