ethermonnft| Peanut prices are stable, purchase prices in production areas have been lowered, and market quotations for peanut oil are stable: 10 peanuts are 9000 yuan/ton, with strong support, and a short-term decline is expected.
News summary
Domestic currency and peanut prices remained stable todayethermonnft, the price of imported polished rice fluctuated slightly. The overall oil market stabilized, while the spot price of Rizhao soybean meal rose slightly. The market expects that peanut prices may fall in the new season, with the palm oil and soybean oil markets showing a slight upward trend, but peanut delivery costs are higher. Trading strategies suggest focusing on palm oil and soybean oil, while paying attention to peanut market dynamics.
Newsletter text
[Domestic peanut prices remain stable], and the overall performance of the peanut market today is stable. Peanut prices in Jilin and Liaoning in Northeast China are 4.4% respectivelyethermonnft.70 yuan/catty, no change. The price of Baisha currency rice in Henan and Shandong regions is also 4.4-4.7 yuan/catty, which is also stable, while the price of Junan region is 4.6 yuan/catty. In addition, the price of imported Sudanese polished rice fell by 100 yuan/ton, and the quoted price was 9250 yuan/ton, while the price of Seneme rice remained unchanged at 8600 yuan/ton. [Oil Plant Price Adjustment], Fei County COFCO lowered the purchase price of peanuts. The adjusted price is 8200 yuan/ton. The current mainstream transaction price in the market is between 8200- 8,800 yuan/ton. The performance of the oil market is relatively stable. The market price of first-class ordinary peanut oil is 15200 yuan/ton, while the price of small-squeezed Luzhou-flavor peanut oil is 18300 yuan/ton. Neither price fluctuates. [Fine-tuning of by-product prices], the spot price of Rizhao soybean meal increased slightly, with the quoted price being 3450 yuan/ton. Due to the decrease in the price difference per unit protein between soybean meal and peanut meal, the oil plant's peanut meal inventory is high. Therefore, it is expected that the price of peanut meal will remain stable in the short term, with the current price being 3700 yuan/ton. [Market Trading Strategy] The current market expectations for downstream demand are weak, but it is expected that the peanut planting area will increase significantly this year. The stability of peanut prices in the producing areas and the reduction of purchase prices of some oil mills have had a certain impact on the market. Although the prices of palm oil and soybean oil are relatively strong, and the price of protein is also strong, due to the high delivery cost of peanuts, the price of 9000 yuan/ton for 10 peanuts is strongly supported in the short term. In May, the market may speculate on peanut prices due to weather factors, but considering this year's increased production and large inventories, it is expected that the price of peanuts in the new season will still decline. [Investment Suggestion] The current market is expected to maintain a narrow range of fluctuations. Investors should pay attention to the price range of 8900-9300 and use the vicinity of 9300 as the main opportunity to short-term short. For investment in monthly spreads and options, it is recommended to maintain a wait-and-see attitude.
Tags:
Prev: playholdem| Li Yunze, Secretary of the Party Committee and Director of the State Administration of Financial Supervision, went to Guizhou for investigation
Next: bergmannroulette| Hailiang Shares: Currently, except for holding 1.12% equity of Jinchuan Group Co., Ltd., the company does not hold other mineral resources