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AMIS Market Monitor

last release: March 2017

Supply & Demand

2015/16

2016/17 forecast

estimate

2 Feb

2 Mar

Production

315

333

337

Supply

359

376

380

Utilization

320

334

336

Trade

135

139

141

Ending Stocks

43

43

44

in million tonnes

  • Soybean 2016/17 production is set to reach an all-time high; the forecast has been lifted reflecting upward revisions in Brazil and Argentina, owing to favourable weather conditions.
  • Utilization in 2016/17 raised marginally but overall growth prospects remain subdued (relative to previous years).
  • Trade in 2016/17 (Oct/Sep) revised upward on robust import demand notably by China and larger shipments in particular from Brazil.
  • Stocks forecast (2016/17 carryout) adjusted upward, mainly reflecting larger than anticipated inventories in Argentina.