Disk trend: PK2110 opened at 10856, closed at 10898, +0.02%, trading volume was 21,550 hands, open interest was 16936, +218; PK2110-2201 month spread was 428, +16.

News: 1. World Granary Data: As of March 5, among the 57 peanut crushing enterprises sampled, the operating rate was 9.89%, an increase of 2.59% from last week.

Market price: Yanzhou, Shandong: peanut kernels with 43% oil and 9% moisture, the price is 9,500. Shijiazhuang, Hebei: Peanut kernels with 43% oil and 9% moisture, the price is 9500. (Unit: Yuan/Ton)

Warehouse receipt: 0 lot of warehouse receipt.

Main positions: the top 20 peanuts are long 9849, +131; short 10015, +90, net position -166. (Unit: hand)

View summary: March to June is in the peanut planting growth period. Currently, there are few stocks on the market, and the quality of the crops is poor. Farmers are reluctant to sell. The operating rate of downstream crushing plants is less than 10%, and the operating rate is relatively low. Some manufacturers have plans to close their factories in March-April. Market supply and demand are weak, and oil rice spot prices are unlikely to fluctuate sharply in the short term. On the disk, the closing position of PK2110 was basically the same for 3 consecutive trading days. After a wave of rise and rebound, the price has been fluctuating up and down in the range of 10900-10850, and the price has a certain degree of support at 10800 points below. In terms of operation, it is recommended to buy more on dips. PK2110 contract opens a long position at 10800 and holds it. Refer to the stop loss point of 10700.

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