Soybean stocks in South America at the beginning of September 2016 may be reduced by 9 million tons per year to 48.4 million tonnes against the background of deteriorating prospects for crop yields due to adverse weather, and large volumes of processing and export of oilseeds from the beginning of 2016.
Soybean exports of key countries in South America in September-December 2016, is also expected at a lower level – 7 million tons, which is inferior to last year's result by 4.7 million tonnes.
The greatest reduction in shipments expected from Brazil — to 5.4 million tonnes against 8.5 million tonnes a year earlier, and Argentina – to 1,3 (2,7) million tons.
As a consequence, reduced supplies of soybeans from South American countries will increase the dependency of countries-importers of the products from the United States, whose exports are expected to rise, starting in April of this year.
Translated by service "Yandex.Translation"