20251211-华泰期货-油料日报_豆一供应平稳需求低迷_花生市场聚焦鲁花收购动向_9页_1mb

Oil Seed Daily Summary: 2025-12-11

Bean One (豆一)

The market for Bean One shows a stable supply with subdued demand. Futures contracts experienced a significant increase in price, with the主力合约 closing at 4161.00 yuan/ton, up by 72 yuan/ton or 1.76% compared to the previous day. The现货基差 worsened by 12 points, a 32.14% increase. In the spot market, Northeast China reported prices in a strong trend, driven by low farmer inventory and willingness to hold prices high due to惜售 attitudes.收购 prices for large enterprises are trending upward, supported by中储粮 prices, though actual trading remains slow. Regional spot prices in Heilongjiang were mostly flat or slight increases in places like Nehe and Haiyang. Overall strategy is neutral, with no major risks identified.

Peanuts (花生)

The peanut market faces low liquidity and观望 sentiment from all market participants. Futures prices rose modestly, with the主力合约 closing at 8086.00 yuan/ton, up by 26 yuan/ton or 0.32%.现货 prices remained stable, with an average of 8182 yuan/ton, but trade is sluggish. Baseline farmers maintain a惜售 stance, while oil mills like Lu Hua have limited acquisitions. Expected demand-driven buying before holidays hasn't materialized, leading to a neutral strategy, although risks from weakened需求 are noted.

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