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last release: April 2018

Supply & Demand

 

From previous forecast

From previous season

Wheat

Maize

Rice

Soybeans

 Easing

 Neutral

 Tightening

Despite poor soybean production in Argentina and risks to trade flows arising from potential disputes between China and the United States, a bumper crop in Brazil is set to contribute to an overall comfortable soybean supply situation for several months. With the focus gradually shifting towards the new season, early indications point to somewhat lower wheat and maize output. Still, record-high carryover stocks from the current season and another increase in rice production are likely to keep global supplies of wheat, maize and rice adequate in 2018/19.