last release: Sep 2017
Supply & Demand
2016/17 | 2017/18 forecast | ||
|---|---|---|---|
estimate | 6 July | 7 Sep | |
Production | 349.0 | 342.4 | 347.6 |
Supply | 393.6 | 398.1 | 402.0 |
Utilization | 336.5 | 346.4 | 347.4 |
Trade | 145.9 | 149.0 | 150.3 |
Ending Stocks | 54.4 | 51.5 | 52.8 |
in million tonnes | |||
- Soybean 2017/18 production raised by 5.2 million tonnes, to now a near record level, following upward revisions for Brazil and the US more than offsetting lower forecasts in Argentina and India.
- Utilization virtually unchanged from the last forecast, confirming a below-average y/y growth of 3.5 percent.
- Trade forecast for 2017/18 revised further upwards, primarily reflecting higher export availabilities in the US.
- Stocks (2017/18 carry-out) lifted, based primarily on higher forecasts for Brazil. Global inventories are now forecast to drop only 1.5 million tonnes from last season’s all-time record.