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Market Monitor June 2018

07 Jun 2018

The first forecasts for soybean markets in 2018/19 point to a tightening but still comfortable situation, according to the latest edition of the AMIS Market Monitor released today. While global utilization is projected to rise modestly, world production could climb to a new record fuelled mainly by a rebound in Argentina and further gains in Brazil. As for the other AMIS crops, the report sees an overall balanced outlook at the global level. Wheat and rice markets are projected to remain adequately supplied while maize might face somewhat tighter market conditions given lower production in several major exporting countries.