last release: April 2018
Supply & Demand
2016/17 | 2017/18 | ||
|---|---|---|---|
estimate | 1 Mar | 5 Apr | |
Production | 348.8 | 345.2 | 336.8 |
Supply | 393.1 | 396.9 | 388.2 |
Utilization | 341.3 | 351.4 | 349.1 |
Trade | 149.2 | 153.2 | 154.0 |
Ending Stocks | 51.4 | 47.3 | 42.0 |
in million tonnes | |||
- Soybean 2017/18 production forecast lowered significantly, mostly reflecting a sharp downward revision for Argentina.
- Utilization in 2017/18 slightly down compared to last month, shaped by lower crushing forecasts for several countries, notably Argentina and Brazil.
- Trade forecast for 2017/18 broadly unchanged, with higher exports by Brazil expected to compensate for lower shipments from Argentina and Uruguay.
- Stocks forecast (2017/18 carry-out) down sharply m/m and now pointing to a four-year low. Compared to last month, sharp downward revisions for Argentina and Brazil are only partially compensated by moderate upward adjustments in the US.