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[Market review]
Futures market: Peanut 10 contract fluctuated slightly this week, closing down 32 Points or 0.33% to 9600 yuan/ton.
spot market: Spot prices fluctuate. The weekly average price of oil peanuts in Linyi, Shandong is 8,250 yuan/ton; the weekly average price of oil peanuts in Henan is 8,350 yuan/ton, stable month-on-month; the weekly average price of Baisha rice in Zhumadian, Henan is 9,250 yuan/ton; the average purchase price of Baisha rice in Fuxin is 9,300 yuan / ton, the reference price of polished rice on 7 sieves in Jiangtun is 10,000 yuan / ton, which is stable. Imported Sudanese polished rice closed at 9050-9100 yuan/ton, which was slightly volatile.

[Important information]
According to Mysteel research, as of July 1, the peanut inventory statistics of domestic peanut oil sample companies and manufacturers were 65,019 tons, a decrease of 7,880 tons compared with last week.
According to Mysteel research, as of July 1, the weekly peanut oil inventory statistics of domestic peanut oil sample companies and manufacturers were 43,300 tons, an increase of 200 tons compared with last week's 43,100 tons.
According to Zhuochuang Information : The arrival situation of the crushing plant on Friday: The overall arrival volume of the main oil plants is not much. Ding Tao Luhua ordered 3 cars today. Shenzhou Luhua has about 60 tons today. Zhengyang Luhua has a small volume of goods, with an average daily volume of less than 100 tons. Xinyi Luhua is out of stock. Xinxiang Luhua occasionally arrives. Laiyang Luhua has 11 trucks today, and unloading is slowing down. Xiangyang Luhua is not available yet. Fuxin How many trucks of Luhua and Fuyu Luhua arrive per day on average. Longda has more than ten cars today. Linyi , Qingdao local oil plants generally have less arrival.
According to Zhuochuang Information monitoring data, the arrival volume of some large-scale domestic wholesale markets this week fell by 18.23% month-on-month, while the shipment volume increased by 13.18% month-on-month.

[Trading Strategy]
The old season peanut trading has come to an end, and the surplus grain in the producing areas has bottomed out. The quantity of imported peanuts in July is expected to fall year-on-month, and the cold storage supply is low in the context of the obvious decrease in the peanut planting area in the new season. The price is reluctant to sell, and the supply of circulating goods is small. On the demand side, the demand for food peanuts is relatively weak, and the demand from crushing plants is relatively eye-catching. June is the period when oilseed rice is intensively suspended. However, the crushing profit is as high as 1,000 yuan per ton, causing some crushing plants in Luhua and Henan to shut down and continue to harvest. The spot price is expected to fluctuate in the short term. Lord.

futures correspond to the new season peanuts. This year, due to the impact of planting income, the peanut planting area has decreased significantly, and the degree of seed reduction is at a historical high. According to Zhuochuang data, the number of peanut seeds in the Baisha production area in Henan has been reduced by 30%, and the Northeast production area has reduced by 1-1%. 20%, Shandong production areas have reduced species by 30%, and Hebei has reduced species by 20-30%. In terms of weather in production areas, early drought in many production areas had a certain adverse impact on peanut sowing progress and emergence rate. Recently, some areas in Shandong and Henan have received favorable rainfall, which has significantly alleviated the early drought. The systematic decline brought about by the
macro and the increase in the effective supply of vegetable oil have caused the oil and fat sector to fall sharply in the near future, which has had a certain negative impact on peanut futures prices. However, the significant reduction in planting area in the new season has made peanut futures prices relatively resilient, and the short-term is expected to be mainly volatile. In terms of operation, it is recommended to wait and see or establish long-term long orders on dips.