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一、基本观点五月份,内外盘豆类表现分化,油粕的强弱关系展现的淋漓尽致。USDA5月供需首次公布了2016/2017年度的供需平衡状况,由于南美大豆产量的下调,使得新陈两个年度的供需均为偏紧的状态。可以说,豆类供需大环境已悄然发生改变,将为未来价格走势奠定方向,供需天平的倾斜将对价格形成中长期支撑。由于,目前已进入北半球的天气炒作环境中,我们认为美盘在8月天气炒作结束前,走势将维持震荡偏强的
First, the basic point of view May, inside and outside the disk performance differentiation of beans, the relationship between the strength of the meal to show the most vividly. The USDA5 monthly supply is the first to announce the 2016/17 supply and demand balance. As a result of the lower production of soybeans in South America, the supply and demand in the two new years have been tightened. It can be said that the legumes supply and demand environment has quietly changed, will lay the direction for the future price movements, supply and demand balance will tilt the formation of the price of long-term support. As the weather has now entered the weather in the northern hemisphere environment, we believe that the US plate in August weather speculation before the end of the trend will remain strong shocks