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AMIS Market Monitor

last release: June 2018

Supply & Demand

2017/2018

2018/2019

estimate

forecast 7 Jun

Production

336.9

358.3

Supply

389.2

397.5

Utilization

352.5

360.4

Trade

151.1

156.9

Ending Stocks

39.2

36.7

in million tonnes

  • Soybean output could climb to a new record in 2018/19 fuelled mainly by a rebound in Argentina and further gains in Brazil.
  • Utilization projected to rise modestly, with demand expected to keep expanding in Asia and recovering in Argentina, while consumption would remain close to record/near-record 2017/18 levels in Brazil, the EU and the US.
  • Trade in 2018/19 to expand further on growing import demand in Asia; Argentina, Uruguay and the US expected to export more in 2018/19.
  • Stocks (2018/19 carry out) to contract further, returning to levels recorded prior to the mid-2010s highs; y/y drops in Brazil and the US are anticipated to outweigh replenishments in Argentina and India.