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AMIS Market Monitor

last release: July 2022

Supply & Demand

2021/22

2022/23

estimate

2 Jun

7 Jul

Production

350.3

390.4

387.5

Supply

401.1

430.2

426.5

Utilization

367.3

377.8

377.3

Trade

155.0

166.7

166.8

Ending Stocks

39.0

51.0

48.3

in million tonnes

  • Soybean 2022/23 production lowered marginally m/m with a downward revision in the US more than offsetting a higher projection for Brazil, while global output is still forecast to rebound sharply y/y to a record high.
  • Utilization in 2022/23 trimmed on lower forecasts for the US and China, entailing a 2.7 percent y/y recovery following an exceptional contraction in 2021/22.
  • Trade in 2022/23 (Oct/Sep) left unchanged m/m, with reduced export prospects from the US compensated by higher shipments from Brazil.
  • Stocks (2022/23 carry-out) scaled down moderately, mainly reflecting reductions in the US. Although global ending stocks are seen rebounding by more than 20 percent y/y, the stocks-to-use ratio would remain below the 5-year average.