Experts in the may USDA report lowered the forecast of soybean production in the world in 2015/16 to 315,86 million tons against 320,21 million tons previously announced. The main downward adjustment has affected Argentina – to 56.5 (59) million tons.
Analysts predict the growth of the world harvest of oilseeds in the new season to 324,2 million tons. The increase in gross harvest of soybeans in 2016/17 MG is expected in Brazil to 103 (99) million tons, Argentina – to 57 (56,5) million tons, China – up to 12.2 to 11.8) million tons, India – to 11.7 (7,38) million tons and Paraguay – up to 9 (8,8) million tons. In turn reduce the production of oilseeds can USA – to 103,42 (106,93) million tons, Canada – to 6.05 (6,24) million tons.
The forecast of world exports of soybeans in 2015/16 was raised 0.22 million tons - up to 132,58 million tons. In the new season, shipments of oilseeds may reach 138,31 million tons.
Global stocks of soybeans in 2015/16 is expected to be 74,25 million tons, 4.62 million tons less than announced in the previous month. MG in 2016/17, this figure can drop to 68.21 million tonnes.
Translated by service "Yandex.Translation"