Thursday, 13 July 2017
USDA's forecast of world soybean production increased
USDA analysts increased the estimate of world soybean production to 345 million tonnes against the anticipated a month earlier 344,7 million tons
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In particular, the evaluation was increased to the United States – to 115,9 million tons and China – 14 million tons.
The forecast of world soybean exports in the new season has remained virtually unchanged – 149,7 million tons. The adjustment has mainly affected Brazil, 64 million tons.
World ending stocks of soybeans in 2017/18 MG are expected to reach 93.5 million tons. This figure was elevated for most of the key producing countries – Argentina, Brazil and China, but lowered for the United States.
Photo: startfmmadina.com
Translated by service "Yandex.Translation"
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