J.P. 摩根-全球-农业行业-农业商品季报：上半年需要下滑，下半年有反弹机会-2020.5.1-21页

Global Commodities Research01 May 2020 Agricultural Commodities QuarterlyIndustrial demand slides through 1H20, but 2H20 offers green shoots for ags reboundGlobal Commodities ResearchTracey Allen(44-20) 7134-6732tracey.l.allen@jpmorgan.comJ.P. Morgan Securities plcSee page 19 for analyst certification and important disclosures.www.jpmorganmarkets.com Peering through the contagion of the COVID-19 selloff, agri commodities appear well positioned to embark upon a fundamentally led demand recovery in late 2Q20 and beyond. While the risk of China making Phase One purchases of US origin ...