last release: May 2017
Supply & Demand
2015/16 | 2016/17 forecast | ||
|---|---|---|---|
estimate | 6 Apr | 4 May | |
Production | 314.6 | 342.6 | 346.1 |
Supply | 358.5 | 385.3 | 388.7 |
Utilization | 320.3 | 337.1 | 337.5 |
Trade | 134.9 | 141.2 | 142.9 |
Ending Stocks | 42.6 | 47.8 | 50.0 |
in million tonnes | |||
- Soybean 2016/17 production forecast upgraded by 3.6 million tonnes on better than anticipated yields in Brazil as well as in Bolivia.
- Utilization in 2016/17 raised marginally, with upward revisions for China and Brazil more than offsetting downward corrections elsewhere.
- Trade forecast for 2016/17 (Oct-Sept) increased on stronger import demand in China and higher shipments from Brazil.
- Stocks (2016/17 carry-out) lifted further on higher forecasts for Brazil, China and the US – implying a 17 percent y/y increase in global inventories.