需求方谨慎按需采购，花生价格震荡运行

Report Industry Investment Rating - The investment rating for both soybeans and peanuts is neutral [4][5] Core Viewpoints - The peanut price is oscillating as demand - side buyers purchase cautiously according to their needs. The domestic soybean price was oscillating, and the domestic peanut price declined yesterday, though the peanut market is generally stable [1][4] Market Analysis of Soybeans Futures and Spot Market - The closing price of the soy - one 2505 contract yesterday was 4225.00 yuan/ton, a change of - 12.00 yuan/ton (- 0.28%) from the previous day. The basis of edible soybean spot was A05 - 45, a change of + 12 (+ 32.14%) from the previous day [1] Market News - CBOT soybean futures closed lower on Friday due to active position adjustment and China's denial of tariff negotiations. The May contract fell 3.25 cents to 1049.75 cents/bu; the July contract fell 2.75 cents to 1059.25 cents/bu; the November contract fell 0.50 cents to 1035 cents/bu. On April 27, the prices of national standard first - class soybeans in several regions of Heilongjiang increased by 0.01 yuan/jin [2] Market Situation - The domestic soybean price oscillated yesterday. The domestic price first fell and then rose. The short - term bearish sentiment quickly dissipated due to the sharp rise in the futures market and positive market rumors. It is difficult for the price to continue falling. The remaining grain of grass - roots farmers in the Northeast production area is almost exhausted, and traders are the main holders of goods, with a strong psychology of holding out for a higher price, which supports the market price to some extent [3] Market Analysis of Peanuts Futures and Spot Market - The closing price of the peanut 2505 contract yesterday was 8142.00 yuan/ton, a change of - 128.00 yuan/ton (- 1.55%) from the previous day. The average spot price of peanuts was 8280.00 yuan/ton, with a change of + 0.00 yuan/ton (+ 0.00%) month - on - month. The spot basis was PK05 - 142.00, a change of + 128.00 (- 47.41%) month - on - month [4] Market News - The current prices of peanuts in different regions are as follows: Henan Huangludian Baisha general - grade peanuts are priced at 4.15 - 4.20 yuan/jin, Shandong Linyi Junan Haihua general - grade peanuts are about 3.95 - 4.00 yuan/jin, etc [4] Market Situation - The domestic peanut price declined yesterday. As of April 24, 2025, the average price of general - grade peanuts nationwide increased by 0.24% from last week. The trading atmosphere in the peanut market has slightly improved, and the market is generally stable. The positive news from oil mills has boosted market confidence, and the downstream purchasing willingness has slightly increased, but overall, it is still cautious and mainly purchases according to needs [4] Strategies - The strategy for both soybeans and peanuts is neutral [4][5] Figures - The report includes figures related to soybean and peanut prices, basis, spreads, production, consumption, inventory, import volume, planting profit, and planting cost, with data sources mainly from Flush, Steel Union Data, and Huatai Futures Research Institute [6]