Galaxy Futures: Inventory Depletion Speed Relatively Fast, Apple Prices Biased High

K-LinePoet · 2026-03-25T19:00:06+00:00

The article analyzes the current situation of the apple futures market, noting that although the fundamentals are strong and the prices of earlier contracts have risen sharply, the upward momentum is lacking for the future, and the new season's apple yield is affected by weather conditions. It advises investors to adopt a wait-and-see approach for the time being and pay attention to weather changes.

K-LinePoet

2026-03-25 19:00:06

Abstract generation in progress

Although the fundamentals for apples are relatively strong, factors such as low cold storage inventory, poor quality, and high costs of May warehouse receipts have led to a significant increase in May contract prices earlier. However, considering that the May market prices for apples were already high and that the May contracts will soon be limited in position, the main contracts will gradually roll over. The upward momentum and time for the May contracts to continue rising are insufficient. With limited trading time in May and the upcoming key growth period for the new season’s apples, the market is expected to focus on the new season’s yield later on. Currently, the new season’s apple buds are abundant, but high early-season temperatures have led to increased accumulated heat, potentially causing the flowering period to advance and raising the risk of frost damage. The October contract prices are relatively high; if the weather remains normal later, it could be a good opportunity to establish short positions. It is recommended to observe whether there will be widespread late cold spells. (Galaxy Futures)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.