Analysis of the world soybean market monthly situation in March

Introduction: world soybean production this month, the U.S Department of agriculture estimated the world soybean production in 2001 / 02 to be 184.1 million tons, an increase of nearly 1.2 million tons compared with the forecast in February This is mainly because the U.S Department of agriculture has increased Brazil's soybean production according to Brazil's official figures According to Brazilian government data, the US Department of agriculture will increase Brazil's soybean production from 42.5 million tons to 43.5 million tons in 2001 / 02 This month, the U.S Department of agriculture estimated that the world's soybean crushing volume in 2001 / 02 was 158.5 million tons, an increase of 1.5 million tons over the forecast in February This is mainly to increase the European Union soybean pressing volume The U.S Department of agriculture this month raised the European Union's 2001 / 02 soybean crushing capacity by 800000 tons to 19.12 million tons Due to the increase of Brazil's soybean production, the U.S Department of agriculture increased Brazil's soybean crushing capacity by 300000 tons in 2001 / 02 to 23.3 million tons World soybean trade this month, the U.S Department of agriculture estimated the world soybean trade volume in 2001 / 02 to be 59.14 million tons, an increase of 230000 tons compared with the forecast in February Due to the implementation of China's genetically modified regulations, the U.S Department of agriculture reduced China's soybean import forecast, but the increase of EU soybean import offset the decrease of China's soybean import and made the world soybean trade slightly increased In terms of exports, due to the increase of Brazil's soybean production, the U.S Department of agriculture increased Brazil's soybean exports in 2001 / 02 by 200000 tons this month, reaching 17.9 million tons In terms of imports, the US Department of agriculture will reduce China's soybean imports by 500000 tons to 13 million tons in 2001 / 02, and increase EU soybean imports by 800000 tons to 20.72 million tons in 2001 / 02 World soybean stock this month, the U.S Department of agriculture did not adjust the end of 2001 / 02 world soybean stock, which is still 28.8 million tons This month, the world soybean price was affected by many factors, and the price fluctuated greatly This month, nearly 30% of Brazil's soybeans have been harvested, and Argentina's soybeans will also enter the harvest stage, which will bring greater pressure on American soybeans This month, China began to implement genetically modified regulations, and soybean imports were the first to suffer According to the USDA planting intention report, the US will reduce the soybean planting area in 2002, which will support the future soybean trend As of March 28, the average price of soybean futures for the most recent delivery period in the Chicago market for this month was $4.596/bushel (US $169.0 / ton), up 23 cents / bushel (US $8.4 / ton) from last month This month, the average price of soybeans in Meiwan 1 was 178.6 US dollars / ton, up 6.4 US dollars / ton from February (author:) share to feed Weibo share to: