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AMIS Market Monitor

last release: April 2017

Supply & Demand

2015/16

2016/17 forecast

estimate

2 Mar

6 Apr

Production

315

337

343

Supply

359

380

385

Utilization

320

336

337

Trade

135

141

141

Ending Stocks

43

44

48

in million tonnes

  • Soybean 2016/17 production raised by 5.3 million tonnes on higher-than-earlier anticipated yields in Argentina and Brazil. Global output set to climb to an all-time high, up 8.8 percent from the 2015/16 level.
  • Utilization forecast for 2016/17 raised slightly, now pointing to an about-average y/y growth rate of 5.3 percent.
  • Trade in 2016/17 (Oct/Sept) mostly unchanged as higher import demand by China is largely offset by reduced requirements in the EU.
  • Stocks (2016/17 carry-out) lifted on higher forecasts for Brazil, Argentina and the US. Global end-of-season inventories now expected to climb by 5 million tonnes and reach an all-time high.