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.