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.