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Soy production exceeds consumption significantly

The USDA's current assessment of the international market for soybeans underpins the prospect of an overabundant supply - inventories are expected to grow to 112 million tonnes. The US Department of Agriculture (USDA) has slightly reduced the global soybean production estimate for the 2018/19 marketing year in its latest report. At 367.5 million tonnes, 0.5% less is expected than in the previous...
  • Scarce supply of rapeseed
  • Stricter delivery problem because of small water
  • Well covered mills, demand restrained
  • Growing import volumes of rapeseed from third countries
  • Biodiesel demand calm
  • Record Soybean harvest in the US almost certainly

analysis

in press