Fimat predicts that the soybean planting area in the United States will be reduced by 300000 English in 2002 / 03
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Last Update: 2002-02-04
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Source: Internet
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Author: User
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Introduction: in a recent quarterly analysis report released by Fimat company, the soybean planting area in 2002 / 03 in the United States is expected to be 300000 acres less than that in 2001 / 02, to 73.8 million acres It is expected to produce 40 bushels per acre and 2.908 billion bushels per acre, slightly higher than that of 2.891 billion bushels in January report of the United States Department of agriculture The following is the forecast of USDA and Fimat on the balance of soybean supply and demand in the United States In terms of the balance of soybean supply and demand in 2001 / 02, Fimat's forecast on soybean supply is consistent with that of the U.S Department of agriculture, but there are some differences in the forecast on consumption Fimat's forecast on consumption is 37 million bushels higher than that of the U.S Department of agriculture, no matter whether it is soybean crushing or soybean export Both are higher than USDA's estimate, so the end of period inventory for the year 01 / 02 is 37 million bushels lower than USDA's estimate USDA forecasts 285 million bushels, and Fimat forecasts 248 million bushels.
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