Report Industry Investment Rating - The investment rating for both the soybean and peanut industries is neutral [3][5] Report's Core View - The domestic soybean price fluctuated yesterday, with the remaining domestic soybean supply decreasing, which is the main support for the market. The temporary supply shortage of imported soybeans has been alleviated, but there is no significant increase at present, so the price still has support. The remaining supply of farmers is limited, and the price quotes are chaotic, but the overall sentiment of holding out for higher prices is strong. Long - term attention should be paid to the state reserve rotation policy, farmers' spring sowing, and remaining supply situation [3] - The domestic peanut price rose yesterday. As of May 8, 2025, the national average price of common peanuts decreased by 0.24% compared with last week. The domestic peanut trading atmosphere is poor, the supply from production areas is limited, middlemen purchase on demand, and most of them hold a wait - and - see attitude towards the existing inventory. Traders purchase on demand, and the overall trading atmosphere is dull. Recently, major oil mills have started operations one after another, and it is expected that they will make stable purchases in the short term, which will effectively relieve the pressure on production areas to sell goods and boost market sentiment [4] Summary by Related Catalogs Soybean Market Analysis - Futures: The closing price of the soybean 2505 contract yesterday was 4,172.00 yuan/ton, a change of - 2.00 yuan/ton from the previous day, a decrease of 0.05% [1] - Spot: The basis of edible soybean spot is A05 - 12, a change of + 2 from the previous day, an increase of 32.14% [1] Market Information Summary - On Wednesday, most contracts of soybean futures on the Chicago Board of Trade (CBOT) closed higher, with the benchmark contract up 0.3%. Only the May contract closed slightly lower. At the close, soybean futures ranged from a decline of 9.25 cents to an increase of 5.25 cents. The May contract fell 9.25 cents to close at 1,067 cents/bu; the July contract rose 5.25 cents to close at 1,077.75 cents/bu; the November contract rose 1.75 cents to close at 1,061.25 cents/bu [2] - On May 15, the loading price of national standard first - class 39% protein medium - sized tower grain in Harbin, Heilongjiang was 2.08 yuan/jin, unchanged from the previous day; in Baoqing, Shuangyashan, Heilongjiang, it was 2.06 yuan/jin, unchanged; in Fuyin, Jiamusi, Heilongjiang, it was 2.07 yuan/jin, unchanged; in Nehe, Qiqihar, Heilongjiang, the loading price of national standard first - class 41% protein medium - sized tower grain was 2.18 yuan/jin, unchanged; in Nenjiang, Heihe, Heilongjiang, it was 2.16 yuan/jin, unchanged; in Hailun, Suihua, Heilongjiang, it was 2.17 yuan/jin, unchanged [2] Peanut Market Analysis - Futures: The closing price of the peanut 2505 contract yesterday was 8,226.00 yuan/ton, a change of - 10.00 yuan/ton from the previous day, a decrease of 0.12% [3] - Spot: The average spot price of peanuts was 8,300.00 yuan/ton, a change of + 40.00 yuan/ton from the previous day, an increase of 0.48%. The spot basis was PK05 - 226.00, a change of + 10.00 from the previous day, a decrease of 4.24% [3] Market Information Summary - Currently, the quoted price of Baisha common peanuts in Huangludian, Henan is 4.20 - 4.25 yuan/jin; the quoted price of Haohua common peanuts in Junan, Linyi, Shandong is about 3.90 - 4.00 yuan/jin; the quoted price of 308 common peanuts in Changtu, Liaoning is 4.00 - 4.10 yuan/jin; the quoted price of Huayu 23 common peanuts in Xingcheng is 4.18 - 4.20 yuan/jin; the purchase price of 308 common peanuts in Jilin production area is 4.05 - 4.15 yuan/jin [3]