投资咨询业务资格：证监许可【2011】1778 号 运筹帷幄 决胜千里 www.bcqhgs.com 1 杭州市求是路8号公元大厦东南裙楼1-5层 宝城期货品种套利数据日报（2025 年 8 月 26 日） 一、动力煤 | 商品 | | 动力煤 （元/吨） | | | | --- | --- | --- | --- | --- | | 日期 | 基差 | 5月-1月 | 9月-1月 | 9月-5月 | | 2025/08/25 | -97.4 | 0.0 | 0.0 | 0.0 | | 2025/08/22 | -97.4 | 0.0 | 0.0 | 0.0 | | 2025/08/21 | -97.4 | 0.0 | 0.0 | 0.0 | | 2025/08/20 | -97.4 | 0.0 | 0.0 | 0.0 | | 2025/08/19 | -99.4 | 0.0 | 0.0 | 0.0 | 运筹帷幄 决胜千里 二、能源化工 www.bcqhgs.com 2 杭州市求是路8号公元大厦东南裙楼1-5层 2025/08/25 2025/08/22 2025/08/21 2025/08/20 2025/ ...

Report Overview - This is the Baocheng Futures Variety Arbitrage Data Daily Report for August 21, 2025, covering multiple commodities including thermal coal, energy chemicals, black metals, non-ferrous metals, agricultural products, and stock index futures [1] Industry Investment Rating - Not provided in the report Core View - Not provided in the report Summary by Commodity Category Thermal Coal - The report presents the basis and spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of thermal coal from August 14 to 20, 2025. The basis values are -106.4, -103.4, -100.4, -99.4, -97.4 for respective dates, while all spreads are 0.0 [2] Energy and Chemicals Energy Commodities - Data on basis, price ratios, and related indicators of energy commodities such as fuel oil, crude oil, and asphalt from August 14 to 20, 2025 are presented. For example, the basis of INE crude oil on August 20 was 136.18 yuan/ton [7] Chemical Commodities - The basis, spreads, and cross - commodity spreads of chemical commodities (rubber, methanol, PTA, LLDPE, V, PP, etc.) are provided. For instance, the basis of rubber on August 20 was -1075 yuan/ton [9][11] Black Metals - The report shows the cross - period spreads (5 - 1 month, 9(10) - 1 month, 9(10) - 5 month) and cross - commodity spreads (such as screw/ore, screw/coke) of black metals including rebar, iron ore, coke, and coking coal. The basis data from August 14 to 20, 2025 are also presented [20][21] Non - Ferrous Metals Domestic Market - The domestic basis data of non - ferrous metals (copper, aluminum, zinc, lead, nickel, tin) from August 14 to 20, 2025 are given. For example, the basis of copper on August 20 was 30 yuan/ton [28] London Market - Data on LME spreads, Shanghai - London ratios, CIF prices, domestic spot prices, and import profit/loss of non - ferrous metals in the London market on August 20, 2025 are provided [35] Agricultural Products - The basis, cross - period spreads, and cross - commodity spreads of agricultural products (soybean No.1, soybean No.2, soybean meal, soybean oil, etc.) are presented. For example, the basis of soybean No.1 on August 20 was 4284.54 yuan/ton [39] Stock Index Futures - The basis and cross - period spreads of stock index futures (CSI 300, SSE 50, CSI 500, CSI 1000) are provided. For example, the basis of CSI 300 on August 20 was 1.40 [51][53]

1. Report Industry Investment Rating - The investment strategy for soybeans and peanuts is neutral [3] 2. Core View of the Report - Weather speculation has eased and demand is weak, putting pressure on soybeans and peanuts. The domestic soybean market has a weak fundamental situation, with ongoing soybean auctions, favorable weather for growth, and weak demand. The relationship between domestic and imported soybeans is strengthening. For peanuts, the market is in a transition phase, with weak downstream demand. As new peanuts are increasingly available, prices may face pressure [1][2][4] 3. Summary by Related Catalogs Soybean View Market Analysis - Futures: The closing price of the soybeans 2511 contract yesterday was 4,046.00 yuan/ton, a change of +2.00 yuan/ton from the previous day, an increase of +0.05%. Spot: The edible soybean spot basis was A11 + 214, a change of -42 from the previous day, a decrease of 32.14%. In the Northeast market, soybean prices were stable yesterday, and state reserve auctions had light trading [1] - Yesterday, soybeans futures fluctuated. Last week, influenced by surrounding varieties, the fluctuation range increased. The preliminary anti - dumping ruling on rapeseed also provided some support. However, due to weak fundamentals, the government is conducting soybean auctions, the weather is favorable for soybean growth, and demand is weak. The relationship between domestic and imported soybeans is strengthening, and their linkage is obvious. Short - term attention should be paid to weather changes and policy adjustments [2] Peanut View Market Analysis - Futures: The closing price of the peanuts 2510 contract yesterday was 7,828.00 yuan/ton, a change of +18.00 yuan/ton from the previous day, an increase of +0.23%. Spot: The average spot price of peanuts was 8,260.00 yuan/ton, with no change from the previous day. The spot basis was PK10 + 272.00, a change of -118.00 from the previous day, a decrease of -30.26%. The average price of domestic peanut kernels was 4.13 yuan/jin, a decrease of 0.07 yuan/jin. Some producing areas are in the new - old peanut transition phase, with the price of old peanuts weakening and new peanuts being relatively firm [3] - Yesterday, peanut futures had a narrow - range fluctuation. The market is in a transition phase where new peanuts are gradually increasing in supply and old peanuts are winding down. Demand is weak, and traders are mainly consuming existing inventories. As the area of new peanut listings expands, peanut prices may face pressure. Attention should be paid to production and weather conditions [4]

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - The report presents the daily arbitrage data of various futures varieties on August 20, 2025, including basis, inter - period spreads, and inter - commodity spreads for power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures [1][5][21][27][39][50] 3. Summary by Category Power Coal - **Basis Data**: From August 13 to August 19, 2025, the basis of power coal was - 108.4, - 106.4, - 103.4, - 100.4, - 99.4 yuan/ton respectively. The spreads of 5 - 1 month, 9 - 1 month, and 9 - 5 month were all 0.0 yuan/ton [2] Energy Chemicals Energy Commodities - **Basis and Ratio Data**: For fuel oil, INE crude oil, and the ratio of crude oil to asphalt, data such as basis and ratio from August 13 to August 19, 2025 are provided. For example, the basis of INE crude oil on August 19 was - 1.87 yuan/ton [7] Chemical Commodities - **Basis Data**: For rubber, methanol, PTA, LLDPE, PVC, and PP, basis data from August 13 to August 19, 2025 are presented. For instance, the basis of rubber on August 19 was - 1025 yuan/ton [9] - **Inter - period Spreads**: The inter - period spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are given. For example, the 5 - 1 month spread of rubber was 80 yuan/ton [11] - **Inter - commodity Spreads**: The inter - commodity spreads of LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3 * methanol from August 13 to August 19, 2025 are provided. For example, the LLDPE - PVC spread on August 19 was 2301 yuan/ton [11] Black Metals - **Inter - period Spreads**: For rebar, iron ore, coke, and coking coal, the 5 - 1 month, 9(10) - 1 month, and 9(10) - 5 month inter - period spreads are presented. For example, the 5 - 1 month spread of rebar was 49.0 yuan/ton [20] - **Inter - commodity Spreads**: The ratios of rebar/iron ore, rebar/coke, coke/coking coal, and the spread of rebar - hot rolled coil from August 13 to August 19, 2025 are given. For example, the rebar/iron ore ratio on August 19 was 4.08 [20] - **Basis Data**: The basis data of rebar, iron ore, coke, and coking coal from August 13 to August 19, 2025 are provided. For example, the basis of rebar on August 19 was 144.0 yuan/ton [21] Non - ferrous Metals Domestic Market - **Basis Data**: For copper, aluminum, zinc, lead, nickel, and tin, the basis data from August 13 to August 19, 2025 are presented. For example, the basis of copper on August 19 was 170 yuan/ton [28] London Market - **LME Data**: Data such as LME spreads, Shanghai - London ratios, CIF prices, domestic spot prices, and import profit and loss for copper, aluminum, zinc, lead, nickel, and tin on August 19, 2025 are provided. For example, the LME spread of copper was (96.85) [35] Agricultural Products - **Basis Data**: For soybeans No.1, soybeans No.2, soybean meal, soybean oil, and corn, the basis data from August 13 to August 19, 2025 are presented. For example, the basis of soybeans No.1 on August 19 was - 6 yuan/ton [39] - **Inter - period Spreads**: The inter - period spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of soybeans No.1, soybeans No.2, soybean meal, soybean oil, rapeseed meal, rapeseed oil, palm oil, corn, sugar, and cotton are given. For example, the 5 - 1 month spread of soybeans No.1 was 42 yuan/ton [39] - **Inter - commodity Spreads**: The ratios of soybeans No.1/corn, soybeans No.2/corn, soybean oil/soybean meal, and the spreads of soybean meal - rapeseed meal, soybean oil - palm oil, rapeseed oil - soybean oil, and corn - corn starch from August 13 to August 19, 2025 are provided. For example, the ratio of soybeans No.1/corn on August 19 was 1.86 [39] Stock Index Futures - **Basis Data**: For CSI 300, SSE 50, CSI 500, and CSI 1000, the basis data from August 13 to August 19, 2025 are presented. For example, the basis of CSI 300 on August 19 was 7.17 [51] - **Inter - period Spreads**: The inter - period spreads (next month - current month, next quarter - current quarter) of CSI 300, SSE 50, CSI 500, and CSI 1000 are provided. For example, the next month - current month spread of CSI 300 was - 42.6 [53]

Group 1: Report Industry Investment Ratings - The investment strategy for both soybeans and peanuts is neutral [1][3][4] Group 2: Core Views of the Report - For soybeans, the supply of domestic soybeans is stable due to continuous auctions of old soybeans by Sinograin and good growth of new - season soybeans in the Northeast. The downstream processing industry has low operating rates, and the summer off - season suppresses demand. The current supply - demand contradiction is not prominent, and attention should be paid to the new soybean listing rhythm and downstream consumption changes [1][2] - For peanuts, before the large - scale listing of new peanuts, the confidence of trading entities is insufficient. The inventory of old peanuts is being consumed, and the supply of new peanuts is limited with high prices. However, downstream demand is weak. Attention should be paid to the new peanut listing rhythm and downstream market acceptance [3] Group 3: Summaries by Related Catalogs Soybean View Market Analysis - Futures: The closing price of the soybeans 2511 contract was 4044.00 yuan/ton, a change of - 12.00 yuan/ton (- 0.30%) from the previous day. The daily increase was 0.00%. - Spot: The edible soybean spot basis was A11 + 256, a change of + 12 (+ 32.14%) from the previous day. The prices in the Northeast market were stable, with the price of first - class protein 39% medium - grain tower - loaded soybeans in Harbin, Shuangyashan, and Jiamusi at 2.15 yuan/jin, and the price of first - class protein 41% medium - grain tower - loaded soybeans in Qiqihar, Heihe, and Suihua ranging from 2.19 - 2.22 yuan/jin [1] Strategy - Neutral [1] Peanut View Market Analysis - Futures: The closing price of the peanut 2510 contract was 7810.00 yuan/ton, a change of - 12.00 yuan/ton (- 0.15%) from the previous day. - Spot: The average peanut spot price was 8260.00 yuan/ton, a change of - 140.00 yuan/ton (- 1.67%) from the previous day. The spot basis was PK10 + 390.00, a change of + 12.00 (+ 3.17%) from the previous day. The domestic peanut market was basically stable, with the average price of common peanuts at 4.20 yuan/jin, and prices in different regions showing small fluctuations [3] Strategy - Neutral [3] Risk - Demand weakening [4]

Report Summary 1. Report Industry Investment Rating No information provided in the content. 2. Core View of the Report The report is a daily report on futures variety arbitrage data from Baocheng Futures on August 19, 2025, presenting the basis, inter - period, and inter - variety data of multiple futures varieties including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures [1][5][21][27][40][51]. 3. Summary by Relevant Catalogs Power Coal - The basis data from August 12 to August 18, 2025, shows that the basis on August 18 was - 100.4 yuan/ton, compared to - 113.4 yuan/ton on August 12. The 5 - 1, 9 - 1, and 9 - 5 inter - period spreads were all 0.0 during this period [2]. Energy Chemicals - **Energy Commodities**: Basis data for fuel oil, INE crude oil, and the ratio of crude oil to asphalt from August 12 to August 18, 2025, are presented. For example, the basis of INE crude oil on August 18 was 163.63 yuan/ton [7]. - **Chemical Commodities**: - Basis data for rubber, methanol, PTA, LLDPE, V, and PP are provided from August 12 to August 18, 2025. For instance, the basis of rubber on August 18 was - 920 yuan/ton [9]. - Inter - period data for rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are given, such as the 5 - 1 inter - period spread of rubber being 85 yuan/ton. Inter - variety data for LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3*methanol from August 12 to August 18, 2025, are also presented. For example, the LLDPE - PVC value on August 18 was 2269 yuan/ton [11]. Black Metals - Inter - period data for rebar, iron ore, coke, and coking coal are shown. For example, the 5 - 1 inter - period spread of rebar was 46.0 yuan/ton. Inter - variety data for rebar/iron ore, rebar/coke, coke/coking coal, and rebar - hot rolled coil from August 12 to August 18, 2025, are presented. For example, the rebar/iron ore ratio on August 18 was 4.09 [20]. - Basis data for rebar, iron ore, coke, and coking coal from August 12 to August 18, 2025, are provided. For example, the basis of rebar on August 18 was 145.0 yuan/ton [21]. Non - Ferrous Metals - **Domestic Market**: Basis data for copper, aluminum, zinc, lead, nickel, and tin from August 12 to August 18, 2025, are given. For example, the basis of copper on August 18 was 220 yuan/ton [28]. - **London Market**: LME premium/discount, Shanghai - London ratio, CIF, domestic spot price, and import profit/loss data for copper, aluminum, zinc, lead, nickel, and tin on August 18, 2025, are presented. For example, the LME premium/discount of copper was (96.75) [35]. Agricultural Products - Basis data for soybeans No.1, soybeans No.2, soybean meal, soybean oil, corn, etc., from August 12 to August 18, 2025, are provided. For example, the basis of soybeans No.1 on August 18 was - 4 yuan/ton [41]. - Inter - period data for soybeans No.1, soybeans No.2, soybean meal, soybean oil, rapeseed meal, etc., are given. For example, the 5 - 1 inter - period spread of soybeans No.1 was 41 yuan/ton. Inter - variety data for soybeans No.1/corn, soybeans No.2/corn, soybean oil/soybean meal, etc., from August 12 to August 18, 2025, are also presented. For example, the soybeans No.1/corn ratio on August 18 was 1.86 [41]. Stock Index Futures - Basis data for CSI 300, SSE 50, CSI 500, and CSI 1000 from August 12 to August 18, 2025, are provided. For example, the basis of CSI 300 on August 18 was 1.61 [52]. - Inter - period data for CSI 300, SSE 50, CSI 500, and CSI 1000, including the spread between the next - month and current - month contracts and the next - quarter and current - quarter contracts, are presented. For example, the next - month minus current - month spread of CSI 300 was - 39.8 [54].

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report The report presents the daily arbitrage data of various futures varieties on August 18, 2025, including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures, covering aspects such as basis, inter - period spreads, and inter - commodity spreads. 3. Summary by Directory Power Coal - The basis data from August 11 to August 15, 2025, shows a trend of change, with values of - 115.4, - 113.4, - 108.4, - 106.4, and - 103.4 respectively. The spreads of 5 - 1, 9 - 1, and 9 - 5 are all 0.0 [1][2] Energy Chemicals - **Energy Commodities**: For fuel oil, INE crude oil, and the ratio of crude oil to asphalt, data such as basis, ratio, and spread are provided from August 11 to August 15, 2025 [6] - **Chemical Commodities** - **Basis**: The basis data of rubber, methanol, PTA, LLDPE, V, and PP from August 11 to August 15, 2025, show different trends of change [8] - **Inter - period Spreads**: The inter - period spreads of 5 - 1, 9 - 1, and 9 - 5 for rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are presented [9] - **Inter - commodity Spreads**: The inter - commodity spreads of LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3 * methanol from August 11 to August 15, 2025, are provided [9] Black Metals - **Inter - period Spreads**: The inter - period spreads of 5 - 1, 9(10) - 1, and 9(10) - 5 for rebar, iron ore, coke, and coking coal are given [18] - **Inter - commodity Spreads**: The inter - commodity spreads of rebar/iron ore, rebar/coke, coke/coking coal, and rebar - hot rolled coil from August 11 to August 15, 2025, are presented [18] - **Basis**: The basis data of rebar, iron ore, coke, and coking coal from August 11 to August 15, 2025, are provided [19] Non - ferrous Metals - **Domestic Market**: The domestic basis data of copper, aluminum, zinc, lead, nickel, and tin from August 11 to August 15, 2025, are presented [26] - **London Market**: Data such as LME spreads, Shanghai - London ratios, CIF prices, domestic spot prices, and import profit and loss for LME non - ferrous metals on August 15, 2025, are provided [32] Agricultural Products - **Basis**: The basis data of soybeans No.1, soybeans No.2, soybean meal, soybean oil, corn, etc. from August 11 to August 15, 2025, are presented [37] - **Inter - period Spreads**: The inter - period spreads of 5 - 1, 9 - 1, and 9 - 5 for soybeans No.1, soybeans No.2, soybean meal, soybean oil, rapeseed meal, etc. are given [37] - **Inter - commodity Spreads**: The inter - commodity spreads of soybeans No.1/corn, soybeans No.2/corn, soybean oil/soybean meal, etc. from August 11 to August 15, 2025, are presented [37] Stock Index Futures - **Basis**: The basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 from August 11 to August 15, 2025, are presented [48] - **Inter - period Spreads**: The inter - period spreads of next - month - current - month and next - quarter - current - quarter for CSI 300, SSE 50, CSI 500, and CSI 1000 are given [50]

Report Overview - Report Date: August 12, 2025 - Report Cycle: Daily - Research Variety: Beans - Researcher: Qi Jianhua [1] 1. Futures Market 1.1 Contract Quotes - On August 12, 2025, the main continuous contract of DCE Bean No.1 futures fluctuated weakly. The opening price was 4,067 yuan/ton, the highest price was 4,073 yuan/ton, the lowest price was 4,015 yuan/ton, and the closing price was 4,034 yuan/ton, down 29 yuan/ton or 0.71% from the previous day. The trading volume was 141,159 lots, and the open interest was 185,359 lots, with a daily increase of 30,232 lots [2]. 1.2 Variety Prices | Contract Name | Closing Price (yuan/ton) | Change (yuan/ton) | Change Rate | Trading Volume (lots) | Open Interest (lots) | Daily Increase in Open Interest (lots) | Amplitude | | --- | --- | --- | --- | --- | --- | --- | --- | | A2509 | 4,087 | -11 | -0.27% | 62,101 | 47,467 | -24,040 | 0.81% | | A2511 | 4,034 | -29 | -0.71% | 141,159 | 185,359 | 30,232 | 1.43% | | A2601 | 4,031 | -24 | -0.59% | 38,907 | 63,644 | 10,304 | 1.09% | | A2603 | 4,031 | -1 | -0.47% | 5,184 | 25,892 | 377 | 0.94% | [3] 2. Spot Market - Today's basis of Bean No.1 was -14 yuan/ton, and the basis continued to strengthen. The total registered warehouse receipts of Bean No.1 today were 12,865 lots, a decrease of 258 lots from the previous trading day [5]. 3. Influencing Factors 3.1 Important Events - According to Wind data, today's average quotation of domestic soybeans was 4,054 yuan/ton, a month-on-month increase of 0.17%. In recent days, the spot price of soybeans has continued to rise steadily. Today, the soybean inventory in major ports was 6.8283 million tons, a month-on-month decrease of 0.19%. Currently, the inventory accumulation of port soybeans has slowed down [8][9]. 3.2 Industry News - In terms of imported soybeans, according to Wind data, today's near - month landed duty - paid prices of imported soybeans showed an overall upward trend. The near - month landed duty - paid price of US Gulf soybeans was reported at 4,839.38 yuan/ton, that of Brazilian soybeans was reported at 4,024.47 yuan/ton, and that of Argentine soybeans was reported at 3,867.78 yuan/ton. Recently, the overall crushing profit of enterprises has maintained a steady - to - rising trend [10].

Report Industry Investment Rating - The investment rating for soybeans and peanuts is neutral [3] Core Viewpoints - The soybeans market remains weak. The fundamentals are weak, with poor auction results of state - reserved soybeans and favorable weather for new - season soybean growth in the Northeast, which lacks upward momentum. The upcoming new beans in Hubei will impact the old beans market. The peanut market shows a slight decline, with a weak trading atmosphere, stable supply of old peanuts and slow progress of new peanuts [2][4] Market Analysis - Soybeans Futures and Spot - The closing price of the soybean 2511 contract yesterday was 4041.00 yuan/ton, down 66.00 yuan/ton (-1.61%) from the previous day. The edible soybean spot basis was A11 + 259, up 66 (+32.14%) from the previous day [1] Market Information - Soybean prices in the Northeast remained stable yesterday. For example, the price in Harbin, Shuangyashan, and Jiamusi was 2.15 yuan/jin for certain soybean types. In the Northeast, only 11% of soil monitoring stations in Heilongjiang had soil moisture deficiency, and the previously dry areas had rainfall. In Hubei, mid - maturing soybeans are expected to be listed in bulk this Friday and Saturday [1][2] Market Analysis - Peanuts Futures and Spot - The closing price of the peanut 2510 contract yesterday was 7884.00 yuan/ton, down 104.00 yuan/ton (-1.30%) from the previous day. The average peanut spot price was 8400.00 yuan/ton, with no change. The spot basis was PK10 + 316.00, up 104.00 (+49.06%) [3] Market Information - The domestic peanut market declined slightly yesterday, with the average price of common peanuts at 4.20 yuan/jin. The trading of old peanuts was general, and new peanuts were sporadically listed in some areas [3] Strategies - The strategy for both soybeans and peanuts is neutral [3]

1. Report Industry Investment Rating There is no information provided in the text regarding the report industry investment rating. 2. Core Views of the Report - **Soybean Oil**: The market is in a "weak reality + strong expectation" pattern. The short - term 01 contract may continue to rise based on the 8400 position. It is recommended to hold long positions in the 01 contract, consider 1 - 5 positive spread operations, with support at 8230 - 8300 yuan/ton and pressure at 8800 - 9000 yuan/ton [1]. - **Rapeseed Oil**: Under the uncertain Sino - Canadian rapeseed trade policy, the price once rose significantly, but the high inventory and alternative imports have weakened market concerns. It shows a wide - range shock, with support at 9500 - 9580 and pressure at 10333 - 10343 [1]. - **Palm Oil**: The July Malaysian palm oil ending inventory was lower than expected, and the Indonesian inventory is low. The August production data is poor, and the export demand in early August is good. It is recommended to reduce long positions, with support at 9050 - 9074 and pressure at 9900 - 9990 [2]. - **Soybean Meal and Soybean No.2**: The market is digesting the positive impact of the August USDA report. The Sino - US and Sino - Canadian trade relations are still tense. It is recommended to hold long positions in the 01 contract of soybean meal, with support at 2950 - 2980 yuan/ton and pressure at 3200 - 3250 yuan/ton. The 09 contract of soybean No.2 is expected to fluctuate and adjust, with support at 3640 - 3670 and pressure at 3950 - 4000 [2]. - **Rapeseed Meal**: The 09 contract shows a wide - range shock, with support at 2600 - 2617 and pressure at 2800 - 2823. The 01 contract is affected by the expected reduction of Canadian rapeseed imports [4]. - **Corn and Corn Starch**: The USDA report has a negative impact on the external market. The domestic market is affected by imported corn and relevant policies. It is recommended to shift short positions to far - month contracts [5]. - **Soybean No.1**: The price continues to fall due to the increasing supply of new soybeans. It is recommended to exit short positions in the main contract and wait and see [6]. - **Peanut**: The inventory of the producing areas is low, and the import is affected. The new - season planting area has increased. The 10 - contract may rebound in the short - term, and it is recommended to short the 11 and 01 contracts on rallies [6][7]. - **Pig**: The spot price has adjusted in August, and the slaughter volume has increased. It is recommended to shift long positions of the 09 contract to the 2511 contract and wait for an opportunity to buy the 2605 contract [7]. - **Egg**: The 09 contract price has continued to decline, and the spot price has stabilized in some areas. It is recommended to wait and see, and aggressive investors can buy the 10 - contract at low prices [7]. 3. Summaries According to the Directory 3.1 First Part: Plate Strategy Recommendation 3.1.1 Market Judgment - Different varieties in the feed, breeding, and oil industries have different market logics, including supply - demand relationships, price support and pressure levels, and corresponding trading strategies. For example, the 01 contract of soybean oil is expected to fluctuate strongly, and it is recommended to go long at low prices; the 09 contract of corn is expected to fluctuate and adjust, and it is recommended to shift short positions to far - month contracts [10]. 3.1.2 Commodity Arbitrage - For different varieties' inter - period and inter - variety arbitrage, different reference strategies are provided, such as observing the 9 - 1 spread of soybean No.1, conducting positive spread operations for the 11 - 1 spread of soybean meal, and observing the 09 bean - meal to rapeseed - meal spread [11][12]. 3.1.3 Basis and Spot - Futures Strategies - The spot prices, price changes, and basis changes of various varieties in different sectors are presented, which can help investors understand the relationship between spot and futures prices [13]. 3.2 Second Part: Key Data Tracking Table 3.2.1 Oilseeds and Oils - **Daily Data**: The import costs of soybeans, rapeseeds, and palm oil from different origins and different shipping periods are provided, including CBOT prices, CNF prices, and import - duty - paid prices [14][15]. - **Weekly Data**: The inventory and operating rates of various oilseeds and oils, such as soybeans, rapeseeds, and palm oil, are presented, reflecting the supply - demand situation of the industry [16]. 3.2.2 Feed - **Daily Data**: The import costs of corn from Argentina and Brazil in different months are provided [16]. - **Weekly Data**: The consumption, inventory, operating rate, and inventory of corn and corn starch in deep - processing enterprises are presented [17]. 3.2.3 Breeding - The daily and weekly data of pigs and eggs are provided, including spot prices, price changes, production and sales data, and inventory data, which can help understand the market situation of the breeding industry [18][19][20][21][22]. 3.3 Third Part: Fundamental Tracking Charts - A large number of charts are provided to track the fundamentals of the breeding, oilseeds and oils, and feed sectors, including price trends, inventory changes, production data, and spread changes, which can help investors comprehensively understand the market situation [24][34][52]. 3.4 Fourth Part: Option Situations of Soybean Meal, Feed, Breeding, and Oils - The historical volatilities of various varieties and the trading and holding volume data of corn options are presented, which can help investors understand the option market situation [71]. 3.5 Fifth Part: Warehouse - Receipt Situations of Feed, Breeding, and Oils - The warehouse - receipt data of various varieties are presented, which can help investors understand the market supply situation [74].