01 Peanut

In the 45th week (November 4-November 8, 2024), the national average price of peanuts is 8,708 yuan/ton. The peanut prices in Henan, Hebei and Shandong are shown in the following table:

Weekly Review:

This week, the price of peanuts in various places has been stable and rising, and the price of peanuts has risen. Farmers are unwilling to sell at low prices, and the inventory of middlemen is generally not large. The overall trading atmosphere is currently good, and the wholesale market is still purchasing on demand. However, oil mills have been actively purchasing recently. In order to get better quality oil rice or currency peanuts, some oil mills have continued to raise prices slightly. The market is bullish, which is good for the peanut market.

It is expected that the price of peanuts will continue to rise in the short term. The market is bullish, and oil mills have begun to purchase in large quantities. The demand is good, which supports the peanut market. In the early stage, farmers did not ship due to low prices, so there was less supply in the market, which is good for the peanut market. Pay more attention to the farmers' shipments and peanut production in the later stage.

02 Peanut Oil

In the 45th week (November 4-November 8, 2024), the national average price of peanut oil is: 15,400 yuan/ton, first-grade ordinary peanut oil is 14,000 yuan/ton; small-pressed fragrant peanut oil is 16,800 yuan/ton. The reference prices are as follows:

Weekly Review:

This week, the price of peanut oil rose. The current profit from crushing is higher than before. Oil mills have started crushing one after another. The supply of peanut oil has gradually loosened, which is bearish for the peanut oil market. In terms of demand, peanut oil has obvious substitution effect due to the previous price reduction, and the sales speed is still acceptable, which supports the peanut oil market. The three major global oils and fats have collectively risen, driving the upward trend of peanut oil. It is expected that in the short term, the price of peanut oil is likely to rise. The national oil and fat are on an upward trend, boosting the price of peanut oil. The price of peanut oil is relatively low, and the oil mills are willing to support the price, which supports the rise of peanut oil.

03 Peanut Meal

The reference prices of peanut meal in various regions in Week 45 (November 4-November 8, 2024) are as follows:

Weekly Review:

This week, the price of peanut meal fell, the sales of peanut meal were average, the factory's willingness to ship increased, and the quotation fell. In terms of supply, the oil mills have a high operating rate recently, and the supply of peanut meal is relatively sufficient. In terms of demand, the sales speed is not fast and the demand is average. It is expected that the price of peanut meal will remain stable in the short term, and the price of peanuts will rise, which may support the price of peanut meal.