Download the Monitor

AMIS Market Monitor

last release: December 2018

Supply & Demand

2017/18

2018/19 

estimate

1 Nov

6 Dec

Production

341.5

371.1

369.0

Supply

390.4

412.2

410.1

Utilization

348.3

356.8

354.7

Trade

153.2

155.6

154.8

Ending Stocks

41.1

54.2

55.3

in million tonnes

  • Soybean 2018/19 production trimmed marginally, with reductions in the US and the Russian Federation only partially offset by higher forecasts for Argentina.
  • Utilization in 2018/19 reduced somewhat, mainly reflecting lower than earlier anticipated forecasts for Brazil, following a brisk export path, as well as China, tied to weakening demand for meal.
  • Trade forecast for 2018/19 revised down slightly, underpinned by smaller than earlier expected imports by China.
  • Stocks (2018/19 carry-out) raised further, with upward revision in the US outweighing reductions in other countries. Global inventories now forecast to climb by more than one-third y/y.