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AMIS Market Monitor

last release: Nov 2017

Supply & Demand

2016/17

2017/18 forecast

estimate

5 Oct

2 Nov

Production

348.7 

346.4 

346.3 

Supply

393.1 

399.1 

397.6 

Utilization

340.4 

350.4 

348.8 

Trade

147.6 

151.9 

152.5 

Ending Stocks

51.3 

48.7 

49.1 

in million tonnes

  • Soybean 2017/18 global production forecast virtually unchanged, with upward adjustments in Canada, China and the EU offsetting downward revisions for Brazil and India.
  • Utilization in 2017/18 adjusted marginally downwards, confirming a growth rate well below the 5-year average.
  • Trade in 2017/18 revised slightly upwards, with higher export forecasts for Canada matched by larger expected purchases in Asia, particularly China.
  • Stocks (2017/18 carry-out) raised slightly, with downward revisions in Brazil and the US more than offset by higher forecasts for China and Argentina.