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AMIS Market Monitor

last release: October 2018

Supply & Demand

2017/18

2018/19 

estimate

6 Sep

4 Oct

Production

340.6

366.8

370.5

Supply

389.5

406.7

410.6

Utilization

346.8

359.9

355.7

Trade

150.9

154.9

151.0

Ending Stocks

40.2

47.4

53.9

in million tonnes

  • Soybean production forecast for 2018/19 raised on higher than anticipated US soybean yields and expectations of another record-breaking crop in Brazil.
  • Utilization in 2018/19 revised downward, reflecting subdued growth in soymeal demand in China and lower than earlier expected crush levels in Brazil and Argentina.
  • Trade lowered as imports by China are now forecast to post a decline from 2017/18. Shipment forecasts for the major exporters lowered accordingly.
  • Stocks (2018/19 carry-out) again revised sharply upwards, underpinned by higher forecasts for Argentina and the US.