Thus, the world soybean production will reach 345 million tons. Recall that the previous forecast in the current marketing year, the soybean crop should amount to 341 million tonnes. The growth of the crop at 4 million tonnes due to the increase in acreage in most major countries that produce this crop.

Regarding ending stocks for soybean in the next season they could fall to 35 million tonnes (-3 million tons). The reduction will contribute to a high demand from food and feed industry.

Against the backdrop of increasing shipments in the direction of Asia, the volume of world trade in 2017/18 MG can increase to 145 million tons.

Photo: sfera.fm