全球大豆市场自从去年10月遭遇禽流感以来,就一直处在高产、高库存、消费低迷等利空因素笼罩之下。目前来看,利空因素仍未消散,至少在今年难以得到彻底解决。究其主要原因,仍是国际大豆产量维持在历史高水平、需求受禽流感打击没能及时跟上产量增长的步伐,导致供应充足,库存增加,继而压制全球大豆价格在低位徘徊。 Since the bird flu hit the world market in October last year, the global soybean market has been shrouded in many negative factors such as high output, high inventories and sluggish consumer spending. For now, the negative factors have not dissipated, at least this year is difficult to be completely resolved. The main reason is that the international soybean production remains at a historical high and the demand hit by bird flu has failed to keep up with the pace of output growth in a timely manner. This has led to ample supply and increased stocks, thus hindering the global soybean prices hovering at a low level.