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AMIS Market Monitor

last release: Feb 2018

Supply & Demand

2016/17

2017/18 

estimate

7 Dec

1 Feb

Production

348.9 

345.9 

346.3 

Supply

393.2 

397.0 

398.0 

Utilization

340.7 

350.8 

352.4 

Trade

149.1 

153.3 

153.0 

Ending Stocks

51.6 

45.9 

47.0 

in million tonnes

  • Soybean 2017/18 production raised marginally, with higher forecasts for Brazil more than offsetting downward revisions in Argentina and the US.
  • Utilization in 2017/18 lifted slightly on higher-than-earlier projected increases in Brazil, China and the US; this season’s growth in global consumption still set to remain below average.
  • Trade forecast for 2017/18 essentially unchanged; on the export side, lower-than-earlier anticipated US shipments would be compensated by higher deliveries by Brazil.
  • Stocks (2017/18 carry-out) scaled up, mainly reflecting upward revisions in Brazil and the US; compared to last season’s all-time high, global inventories are set to decline.