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wrong orders reappear! new season peanuts are gradually coming on the market, and some oil mills are purchasing according to quality. will peanut futures hit the bottom?

2024-09-25

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our reporter ye qing (chinatimes.net.cn) reports from beijing

on september 23, peanut futures hit a low of 7,798 yuan/ton and then bottomed out and rebounded. on september 24, the 2411 peanut futures contract continued to rise, rising 1.47% on the day and finally closing at 7,990 yuan/ton. according to ifind data from tonghuashun, the spot price of peanuts in various regions on september 24 was 8,916.67 yuan/ton, which was 926.67 yuan/ton higher than the main futures price (7,990 yuan/ton). industry insiders said that after the previous continuous decline, the spot price has reached a relatively low level, and some middlemen have slightly increased their willingness to replenish their stocks.

it is understood that the peanut futures price fell by 13.81% from march 25 to september 24. in this regard, yide futures analyst zheng nan said that since mid-march, the downstream market demand has been poor, the spot price has fluctuated downward, the grassroots are reluctant to sell, resulting in the concentration of carryover inventory in the production area, and the new peanuts are listed later, the old rice inventory suppresses the new rice price, and the long-term fluctuation and downward trend has caused the downstream to dare not build inventory, and try to reduce the turnover inventory, and collect as needed. in this context, the disk price continues to fluctuate with the spot price.

the quality of peanuts in the new season varies greatly