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The international Grains Council lowered the forecast of world soybean production
The international Grains Council (IGC) has lowered the forecast of world soybean production by 5 million MT due to unfavorable weather in several key producers, particularly in Brazil. The Agency said Grain Online.
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Despite the forecast reduction, compared to the previous month, the global gross harvest of soybeans will be at a record level – 358 million tonnes.

The forecast of world consumption has not changed – 353 million tons (346 million tons last season).

Assessment of world trade in soybeans increased slightly to 153 million t, which corresponds to the 2017/18 season.

The forecast for carryover stocks has been reduced by 5 million tons to 49 (43) million tons Increase in soybean stocks in the U.S. compared to last season, will cover their reduction in the other countries producing this crop.



Translated by service "Yandex.Translation"
Источники: Agro2b
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