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Posted on 22/11/2019
Global Soybean production for 2019/20 season, which began on October 1st, is forecast at 336.56 Mio Tons, -6% compared to the 2018/19 season.
Soybean total use is constantly growing, and given the lower expected production, ending stocks should reach 95.42 Mio Tons (-13%).
Soybean production of Brazil, world’s main producer expected for 2019/20 season, should reach 123 Mio Tons (+5.1% compared to 2018/19 season). United States’ production is decreasing (19.8%). The U.S yield of land is diminishing. There is also a lower yield in Canada and India.
Global export of Soybean for 2019/20 season is expected practically unchanged compared to the previous season. Higher projected exports from Brazil and U.S. offset for the expected decrease from Argentina. First weekly data show a slight increase of U.S. export of Soybean in the new season.
For the new season, China, the main world Soybean importer, should import more volumes: +3% compared to 2018/19 season.
In the first 8 months of 2019, Italy increased Soybean imports: +27.7% compared to January-August 2018. U.S. and Brazil are the main suppliers more than offsetting the sharp decline in purchases from Canada.
Dairy Farms Performance and Competitiveness
24 Gennaio 2020 presso Agriform
Via Rezzola 21 - Sommacampagna (VR)
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