As analysts predict the International Grains Council (IGC), consumption of soybean can be increased by 3% due to growing demand for soy products, however, the total volume of carryover stocks is likely to decline for the second consecutive season.

It is expected that the total reserves of the major exporters will increase slightly due to the accumulation in the United States.

The volume of world trade may be the largest ever, mainly due to growth in shipments to Asia, with 80% of all streams will have the share of the United States and Brazil, the report said.

Forecast soybean production major exporting countries will increase by 6.1 million tons from 261,2 million tons in 2015/16 to 269 million tonnes in 2016/17 MG. The largest production growth will be the US - 3.1 million tons (106,9 million tonnes to 113 million tonnes).