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last release: July 2019

Supply & Demand

 

From previous month forecast

From previous season

Wheat

Maize

Rice

Soybeans

 Easing

 Neutral

 Tightening

While uncertainties surrounding US maize production prospects continue to dominate headlines, attention is gradually shifting to the production outlook for soybeans in the US, where protracted rainfall has also significantly delayed plantings. However, unlike the maize situation, large US stocks and ample South American harvests continue to point to a well-supplied global soybean market in 2019/20. In the meantime, the continuation of trade disputes, notably between the US and China, is likely to remain among the major factors shaping markets.