玉米:2023.
　　至三季度，在新麦上市、进口量增加、定向饲用稻谷拍卖预期启动的影响下，价格从高位回落;6月份进入传统供给空档期，预计将在此阶段出现年度高点;四季度，随着新粮逐步上市，新旧交替阶段，季节性供给压力逐渐显现，价格在此阶段逐步寻底。
　　玉米淀粉:2023.
　　产能持续增加、终端需求消费相对疲软的影响，价格难以走强。
　　

研究报告全文：tablereportdate202212-01tablemain宏源公司类模板tableresearchF30145482023-0123456789A5BCDEFGHIJKLGMNOPQRSTUVW2Z0014142X34Y5Z896HabcdV5UefBghijk8lm5noCpqrEF5Cstuhi5vwxyqzk5ZBghiqrV2023-f67895-Tel010-822928267KLGX345ZEmailhuangxiaozhouswhysccom-VVXtablepageG3F3F4Gqr534K4Zf896FFX2wK6AVZ8muXMwKL9OP5L9AGY10710-Z11mG202311G12X2tablepage202122FkG89X5EY3046X89Fbw5VFF2wK5202110-20224VZ85202252022789520228qr-hihi202110-202242021m5B0123-4Y89X567Y5CZEF89krEX55-AX345CHBC5FCDYEJFGXUV-H5LIJKLyMNGLEOX345hiwP5k7EO5QR2VZCSEFTvUXVEOTvWVX25VZXEO5YLZXabcd-5VZef28005Ogh4835VZ895Fij5klm5QkFnopqrIJ5stouvwxXyz5VZX83X-160X5to4VZXEO52Y4C22092800EO8X30465Og250FK5Z2pPR5FjIJXFGCSYS5VYL5fZE895CBOTyEO26H45jI5LEVSH8HBC5BhiVkv5CBOTVZBGDVZX867Y56789L54BYef800lhi20225-2022720225ZHhi5VEZeXOg56yeY1555gh528hiXtv5FloCDEF5LEOPQRSTW5uXJKL5abX5VZjkV55t5FEXtJ58h1215gU8X215BIX67Y5XVkbVFtFK5noyX5FJYXF5jI5LXyLabx5VZ8955CBOTy800X897Y5gh38458X689HY5E-K5KKXFbFK56Xg8V05kBFUV5345k630X5lBU5FUf8oUXUV5kXjFUVjX53Xtablepage5f2022UVv331XUVKL431V5FXLGab5QjIEUV5XYL5CBOTVZBH7XAtg117225nXjI-05RIjIW5X12VZ7Ahi20228VZBXR2Yjk-85CBOTV35kEO54V600l995HCSI5Fct55VZ6789gz317895W27L56112768L5geh375l594XK5B115E5JPE5FRZxy5RIjI-1118MV1205cRIF5mXRIjIU7A5V5CBOTZB135jIXCZDkg-K5BgE-X2Y5Cug885LCpEFFvG-vC5YabHEhiwvUI895JK5kZX785R2VX--EJPMGGE2KLX345kZ2021m5Ls20222Z5X34MNBXbZB85kFOZef3400X89202258P9qr-5Qlwx50x5LQ08ef115X5svURS50xyTUV5kZkgW2A5B5YLjIJv50xy9X5Z7sH115nokZX8Q5R2Z85kS80X5rCZEOXBE52022EY552-4jkWmXO56EL5YgY5koV5355kZB-40-180W25VOX5QkZM5to7Ejkm55ZqzQ--0123456789202122G0OK5KJoQa2021222022235bLcdefFgXhi5PkqKXL52022BRXFUVGjeRXX4tablepageX67Y5Z8XB5QXfIk5luhl5kAstoX895JJXm52022JCJXn5Lo1o012USDA341567891Jp2u012USDA34156789012USDA34156789qrXMwB5CXs5FFX2wL5tuCXvwxyXbw5lZXM5lRIjI-B11V45kBVUxyXV545202335fz8SMw5MwXUBEk5Ajk5Xtablepagek5GSBGX5Q34202223SIJK5pXEhiXMwXv120123456lYY5CBOTVZX5kUto895QEX8Z-34FXG-jPSrlQ5Ky58pZXKL55aCBOTZk58pZX7v5kX9z5LhiX8pZ49oZe5Q2020X854BZX34Yh8l5hiX89720205f90X5to12Xvl5Qkhi7wgL5Lb34Xw5cA2023Zf93CBOTZ012WIND34156789K5FX2022YY5Zz3-X2y5Y5XFgUV5kck5CBOTZk4efC8567895CBoSRI5PuED55S5noUVQjU780920222Ze5BRIFlWZOXRIjI55UXjIJ30005jIJX15ejIIX5CpjIHyzX6tablepage75BXY5RIjI-5RIjIqr11Y5-AV120kZRIFX34y5cXjefERIF7w34L-8V45BUx-V5domMwDjk5FgDGScA5ZeopPX34f2021222022235CS-X345Cy4ZRIjI9o012USDA341567895jI9o012USDA34156789vXj52022ZXVZ2wXoUX58h91EnoFtoMyz5HI5g2wfX0B7Xtablepage6DECCBOTVZw012WIND22232HrLXHIX34ZZgEO5jI5898HIUFUVjIfB20238W5k11YLPX5X68300fL54o11235g5GAfe206XBvNUe2022UjIXJq5noBYYJEF5cUegXjIB2023AABCDEFGH122022A5CEF8885lQUVY050togX5gBKLEpZ8QX67Y5Q0B5TvUpEQROx5pTvU8RpXCK5X5wkFjkOTX5VZkK5UXZto895FzvUbL5LFXMwKL5kBX89Mw22022C012Mysteel34156789X8tablepageCpEFhiFvG-vC5YabHEhiwvUI895JK5g202211kZX785UlpEzNU5U-pX34p5nopXj25UpHfLK5pj2oX5kkXklB5XUVSouYkX5okUV6g5BIJKL9MNOPD15WST5Zv858QXDZuXFDBOpPPoCZZ5UD-ZB3005LDJv5DBOuXwZumYkD5CZXMMZYZeY5D8l5OpXHIZ85CHIJuYURIZlB858GDGDHIRIJY5Ue202223HIOpXJkXwv5HI85HIJB87D-kZ8uRIHIJ012JCI34156789012USDA34156789OPQRK520225QRjy89L5n100XJKL2005noZX5100t97FH5OQjU5STt989Y5929ej44005et28805t966QRSTUVWXYPZBZ89Lhi5YLpX345Yqr5I1w85kx58P9Vto95hiwtoyzsAV5ZXEO501XYzqr35I1w85CShwj15ChwI1SlQ9XtablepageBabRS95p34XYX5JfvEYuY8Q5VI1wv85Y01JkrKz5BDQROPuJUVX67Y5EYOPK5B8GXY5Qto7Xyz58P97to95VB109mSHhi5YMNGECoXuCkKUV5BX34Y5CMKUV5XrR345ABCK5895kqYXL5h89noYvGYGp-57FG5Yu5qrtoYhi5qr2020LQrLG0CX5FqrYLqrX589YK5915EC20KJ52022Q078oVcA5Lf5UeB2023fto7X-abcd08CXKL5k34CX34505lB88P9X65CYXCX7KL5KY5kstoKLyz5HQ7xX89901088P9012JCI34156789012JCI34156789202210105b5KLt9J548tX9Jg8KLty1385lBqN5k-GX10tablepageGjIFGKX3450xy2K50VtoX895Fejv85K3r5PfX5XBHrKL--1efghijklmnnoPv125-Z8X5ef400XgE51001Z100511VEbjkoZXjkZXy5KZ8M5KKLX11-kZ12-VZ012JCI34156789012WIND34156789D2023EFG13新麦上市季节性卖压后23Q223Q322Q423Q1进口量增加定向饲用稻移成本支撑显著价格偏强季节性供应谷拍卖利空新作玉23Q4利多巴西玉米进口提前压力凸显利空米生长期天气炒作利利空多0124156789VZ5X3028X897X25005lZBEO5kcAtou5CZef5X8lBt5Ftf11XtablepageFX345RIOto895HI8Q52023HIRIXuJXFGG5HIUVfY5HI5HIAIfC8W5efXBC5HIJDfBVvKg65K5ZX89L5w8K5uXUVKLfII65OPK55kOQRIEFkw5QKKKbLG5HDJuIP5kHIGQRG8GDuO75fMNXKNLK5Z8Qr5pRM345KXr5LJ5foXX5B2023-0123456789A5BCDEFGHIJKLGMNOPQRSTUVW2X34Y5Z896HabcdV5UefBghijk8lm5noCpqrEF5Cstuhi5vwxyqzk5ZBghiqrB2023-f67895-7KLGX345Z-ZtoKX9L5kUMX2N5-XZVXHIJKLjeX125pjI-B4CopjIXLV5UVabX34AX34X12tablepage免责条款本报告分析及建议所依据的信息均来源于公开资料本公司对这些信息的准确性和完整性不作任何保证也不保证所依据的信息和建议不会发生任何变化我们已力求报告内容的客观公正但文中的观点结论和建议仅供参考不构成任何投资建议投资者依据本报告提供的信息进行期货投资所造成的一切后果本公司概不负责本报告版权仅为本公司所有未经书面许可任何机构和个人不得以任何形式翻版复制和发布如引用刊发需注明出处为宏源期货且不得对本报告进行有悖原意的引用删节和修改风险提示期市有风险投资需谨慎分析师简介黄小洲现任宏源期货研究所农产品分析师期权分析师13X