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In Brazil is expected to reduce ending stocks of soybeans due to aggressive exports of oilseeds in China
The increase in demand for Brazilian soybeans from China may lead to ending stocks of oilseeds in the country by the end of 2019 will be significantly reduced. So, according to the forecast of the Association of vegetable oil producers of Brazil (Abiove), the end of the current year the oilseed stocks can reach 2.6 million tons, 3 million tons below the level projected in June, according to Soybean & Corn Advisor.
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As noted, only during the period 1 to 15 August, Brazil shipped to China, 3 million tons of soybeans. Since the beginning of 2019 to foreign markets the country was delivered 57.7 million tons of soybeans and 10 million tons of soybean meal and 814 thousand tonnes of soy oil.

It is expected that in 2019. Brazil exports about 68 million tons of soybeans, but some analysts predict an increase in this figure to 75 million tonnes.

 

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Источники: Зерно Он-Лайн
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