abucardinalc3| Peanut producing areas have mixed performance

Source: China Grain Network

The domestic peanut market trend is generally stableabucardinalc3, high-quality supply of goods in some areas has been boosted by the accelerated circulation of goods, and the price trend is slightly stronger. Oil rice is suppressed by oil mills 'weak willingness to purchase, and the price is still weak.

In terms of production areas: The performance of varieties in Henan production areas varies. As the busy farming period is about to enter, and considering the difficulty of purchasing during the busy farming period, some dealers have a slight mentality of replenishing stocks on dips. The circulation of goods is accelerating, and the price of white sand rice is slightly strong. The price of large peanuts is suppressed by oil factories, and the price is still weak. The shipping mentality at the grassroots level in Northeast China's production areas is different. The overall supply is not large. Buyers replenish warehouses in a small amount on demand. The purchasing and sales atmosphere is general. The quotations are basically stable, and the prices are based on quality. Due to the temporary slowdown in exports in Pingdu, Rizhao, Linyi and other regions in Shandong Province, finished product transactions have been sluggish, and quotations have continued to be weak. Due to different quality and shippers 'mentality, quotations have been extremely chaotic, and there is basically a situation of chaos and no market. Prices in Tengzhou area are relatively stable, with middlemen purchasing on demand. Prices of white sand rice in other regions are basically stable, and both purchase and sales are weak. Quotes in Anhui, Jiangsu, Hubei and other producing areas have stabilized, with both purchases and sales weak.

In terms of oil plant acquisitions: Luhua Group's Laiyang factory is still experiencing a certain amount of congestion, and the arrival volume is still acceptable. The volume of other factories is very limited, and the acquisition is basically coming to an end. Qingdao Yihai Kerry's contract price was lowered by 100 yuan/ton yesterday. Kaifeng Yihai Kerry's car pressure has eased and the volume has decreased. Shijia Yihai Kerry's unloading speed was slow, limited purchases were made, and shipments were also reduced. Judging from the purchase situation of oil plants, quality standards are strictly controlled, and good goods are mainly purchased in small quantities on demand. The willingness to purchase poor goods is weak. The consumption channels of low-quality oil rice are narrow, and prices still lack support for stabilization.

Domestic trade demand: Market demand is still weak, sales are not fast, and traders are still cautious in purchasing.

Overall: Although the peanut market lacks enough positive boost at this stage and the price lacks the motivation to rebound significantly, with the gradual consumption of ground supplies, the next stage of trading supplies will be mainly cold storage and well-preserved high-quality supplies. For this part of the supply, the middlemen still have a certain price mentality, and it is expected that it will be difficult to sell at a low price in the short term. At the same time, the inventory level of traders is generally low. Therefore, there is a rigid demand for replenishment, prices may show certain resilience, and the downward space for high-quality supply is expected to narrow in the short term. However, the dynamics of oil plants still need to be paid attention to. If oil plant acquisitions come to an end in advance or the purchase quotations continue to be lowered, it will bring some pressure to the market's psychology of supporting prices. In addition, since the inventory level in the intermediate link is higher than normal years, it is still recommended to be cautious in the long-term market.