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5月的原料市场无疑是今年以来最为灰暗的,我们可以看到外围宏观的一举一动正在主导整个市场,宏观的悲观预期造成原料市场泥沙俱下。而在刚刚展开收储支持的菜籽油以及供求支撑的大豆一号、豆粕、玉米则表现抗跌。目前看市场基本面尚未发挥作用之前,仍需关注欧洲财政同一问题是否能够解决,否则欧洲将陷入无解的死循环,而德国目前在手中筹码较为充裕的状态下有意逼外围高负债国家出让一部分债务主权来形成欧洲统一财政机制,但是目前看依然阻力重重。而中国以及美国在疲软的经济数字面前,将会继续拿刺激政策来祭经济增长大旗,市场的节奏变化将会十分剧烈,让我们拭目以待。不过纵观整个饲料原料市场,由于各自的供求不尽相同,能量饲料玉米方面将会受到7月小麦集中上市带来的压力;而蛋白饲料在豆粕的带领下相对坚挺。
May raw material market is undoubtedly the deepest this year, we can see the peripheral macro action is leading the entire market, the macro pessimism is expected to cause the raw material market all-embracing. In the just-opened storage and support of rapeseed oil and soybean supply and demand support, soybean meal, corn showed defensive. At present, the market fundamentals have not yet played a role before the need to focus on whether the same issue of European finance can be solved, or Europe will fall into a never-ending cycle of indecisiveness, while Germany is currently in the hands of a more abundant state deliberately forcing peripheral high-debt state part of the transfer Debt sovereignty to form a unified European financial mechanism, but at present look still resistance. However, before China and the United States face the weaker economic figures, they will continue to take the stimulus policy to show their banner of economic growth. The pace of market changes will be very dramatic. Let us wait and see. However, looking at the market of feed raw materials, due to their different supply and demand, energy feed maize will be under pressure from a July wheat focus; while protein feed will be relatively strong under the leadership of soybean meal.