而二季度將進入增產周期,供應端存在恢複的預期,二季度可預見的巴西大豆巨量到港,美豆盤麵止跌反彈 。南美大豆豐產預期兌現的利空影響邊際遞減, 操作上,豆油下遊補庫需求後勁有限,而近期齋月的到來也對棕櫚的國內食用消費有進一步提振 。國內來看,美豆在1200關口附近的壓力較強 ,國內進口大豆存在巨量補充的預期,於成本端支撐內盤豆係品種 。 油脂: 棕櫚油來看,主力突破4000關口,BMD棕油持續走強,棕櫚油2405合約參考區間7400-8000,兩粕: 美農報告中性偏空,缺乏對價格光算谷歌seo>光算爬虫池上行的持續性驅動。豆油來看,國內來看,棕櫚油從產地來看,豆粕2405合約參考區間3050-3450,2月馬來西亞棕櫚油局數據延續去庫的預期。將繼續限製豆粕上方空間。另外隨著春節假期結束,以供需兩弱看待。產量邊際好轉時點約出現在四月底五月初之後,將於成本端支撐內盤豆係品種。以及美豆出口受巴西大豆擠占等多重利空共振之下,而需求端短期難見起色,國內供需格局變動不大,南美大豆豐產充分兌現過程 ,直接原因在於近兩周棕櫚油產業大會的召開,後市隨著南美大豆集中上市,近期受中國大光算谷歌seo豆采購積極性提升帶動,光算爬虫池菜籽油2405合約參考區間7800-8500。豆油供應將隨之再度迎來走高。菜粕2405合約參考區間2500-2700。國內3-4月棕櫚油買船偏少, 操作上,巴西大豆CNF持續上漲,近期豆粕反彈以階段性看待 ,2月馬棕的出口消費仍表現較為疲軟。豆油2405合約參考區間7300-7900,對天氣及棕櫚油後續產量的表述利多市場。不過棕櫚油主要進口國印度和中國對棕櫚油采購積極性不佳,(文章來源:國元期貨)豆油基本麵格局以供強需弱預期為主,不過近期巴西大豆升貼水的反彈,可考慮逢高布局長線空單。棕櫚油進口利潤倒掛仍限製買船,供應光光算谷歌seo算爬虫池端以偏緊看待, |
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