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2011年1～2月份,在基本面供需偏紧,阿根廷大豆产区干旱、中东、北非政治因素的影响下,国际豆类市场整体表现较为强势,呈现先扬后抑的走势。而国内受宏观调控政策及物价调控措施的影响,油脂油料期现货市场表现都弱于国际市场。但笔者认为尽管后期地缘政治及国际经济复苏的不确定性仍可能引起商品市场的波动,但从国内外油脂油料市场供需基本面、发达经济体继续实行量化宽松政策、国内输入性通胀风险等角度
From January to February 2011, under the influence of the fundamentals of tight supply and demand, the drought in the soybean producing area of Argentina, the political factors in the Middle East and North Africa, the international bean market showed a relatively strong overall performance with a slight upward trend. The domestic macroeconomic regulation and control policies and price controls affect the performance of the spot oil fuel oil futures markets are weaker than the international market. However, I believe that despite the late geopolitics and the uncertainty of the international economic recovery may still cause fluctuations in commodity markets, but from the domestic supply of oil and grease fuel market fundamentals, developed economies continue to implement quantitative easing policy, the domestic import inflation risk angle