Ölsaaten Cockpit, 16.08.2019

The US Department of Agriculture (USDA) has made some adjustments in its August global oilseed balance forecast for 2019/20, but essentially confirms market expectations. At any rate, there were no surprises. His estimate for global soybean production has cut the USDA from 347 to 341.8 million tonnes, as expected. The reason for this is the prospect of a smaller soybean harvest in the USA (100...

Expert Opinion: 

Global soybean production is unlikely to meet demand, but there are large supplies available from the previous year, so supply should not be in short supply.