USDA oilseed report Nov. 2016: U.S. soy bumper crop now estimated at 118, 7 million t The latest market report by the U.S. Department of agriculture (USDA) to the global oilseed market once again delivered a strong increase of the production volume on 551 million tonnes. Compared to the previous year amounts to increase approximately 20 million tonnes or 5.5%. With 336 million tonnes of soya bean has the largest share with more than 60%. As the second-largest oilseed rape seed is to 67.8 million. t is valued and lags significantly behind the results of previous years with over 70 million t. Sunflower, cottonseed and peanuts respectively provide the 40 million t; their changes remain small-scale. In the case of the soya market sits the U.S. generation with 118.7 million tonnes clearly at the top. 106.5 million tons were harvested in the previous year. 5 years back the potential amounted to 82 million tonnes just. The high growth rates are the result of extensive acreage, especially in this year of unusually high Flächenerträge of 48 dt / ha. Multi-annual average yields are 40 dt / ha. About 58 million tons of U.S. beans in the export with the mainstream China go after the USDA estimates. Only 52.5 million tons are processed in the United States. The consumption of soybean meal is due to of the increased livestock out bigger. Soy meal exports to GDP with 10 million tonnes against. The soybean oil export plays no significant role with under 1 million t.. At the end of the marketing year, the closing stock with more than 13 million tons by 145% to rise. Which is just seeded Brazilian soy harvest to 90% to 102 million tonnes (previous year 96.5 million tonnes) estimated). An earlier harvest date is expected to end Jan-2017. A few months later the Argentine crop is intended to introduce, which is estimated at 57 million tonnes. Export taxes to slow the cultivation of beans for the benefit of tax-free export maize production. Soy consumption focused on China with approximately 86 million tonnes are also imported into similar amount. To what extent the targeted production subsidies in China as far as increased own generation, that significant relief of imports can occur, remains open. Rising Chinese pig could further increase the need for. The supply situation in the soybean sector 2016/17 will be an above-average to overestimate. The calculated surplus stock of 81.5 million tons is substantially over the last years by 77 million tonnes. The plans of the new U.S. President with increased import taxes on Chinese goods should become a reality, soybean imports from the United States affected could be considered as a counter-reaction. The prices for soy have rebounded after a slow period. The above-average export processes are the cause. Whether this trend will endure depends significantly on the remainder in South America.
