Global oil crop exports rose this month

OA show ('918 '); US oilseed production is expected to be 85.6 million tons in 2000-2001, a slight increase from last month, due to a decrease in cotton exports Exports of U.S oilseeds increased as the European Union banned the use of meat and bone meal, reducing reserves by 7% this month The EU ban will be implemented from January 1, 2001, when imports of protein rich alternatives to meat and bone meal will increase by 2 million tons Soybean meal is a basic protein substitute from 2000 to 2001 In addition, the main grain in the domestic market of the United States is wheat If it is used as feed, its protein content is too low Therefore, the European Union is more optimistic about American soybean meal with high protein content However, an additional 1.3 million tons of soybean meal will be consumed in this agricultural year Compared with last month, the EU's soybean imports have increased, now 900000 tons, and soybean meal imports have increased to 600000 tons The ban on meat and bone meal is expected to begin in Germany and France, so the demand for soybeans is particularly high This month, EU imports of sunflower seeds increased by 300000 tons and rapeseed by 200000 tons U.S soybean exports are expected to reach 975 million bushels, an increase of 25 million bushels from last month Soybean oil exports will increase by 5 million bushels to 1.605 billion bushels, while soybean meal exports will increase by 200000 tons Other changes in exports this month include a 100 million pound drop in soyoil exports, so reserves are now high at 2.25 billion pounds, the highest since 1991 It's depressing that China's imported oilseeds are mainly not soybean oil US soybean stocks fell 30 million bushels this month to 320 million bushels, still higher than last year's backlog (288 million bushels) The average U.S soybean price for the quarter was $4.50 to $5.10 a bushel, 10 cents higher than last month's average Last month, the price of soybean oil was 14 cents to 17 cents, and the price of soybean oil is expected to be 13.5 cents to 16 cents per pound Last month, the price of soybean meal was $160 - $180 per ton, and the price of soybean meal is expected to be $170 - $195 per ton From 2000 to 2001, the world's oil seed production was 303.6 million tons, 1.1 million tons higher than last month and 3.6 million tons higher than the same period last year Based on the evaluation of many crops, the prediction of soybean yield in South America and China has been improved China's production forecast is 15.4 million tons, 400000 tons higher than last month Argentina's production increased by 500000 tons to a record 23.5 million tons less than last month due to the expansion of planting area, The production changes of other oilseeds are as follows: the production of sunflower seeds in Ukraine increased by 500000 tons, and the production of palm oil in Malaysia increased by 300000 tons, reaching the highest value of 11.4 million tons Only India's oil production has declined significantly Its output is 4.4 million tons, 900000 tons less than last month Global oil production is expected to be 251.2 million tons, 1.6 million tons higher than last month, which is close to last year's 3 million tons However, because the yield of rapeseed and sunflower seed decreased greatly, the yield of soybean could not be compensated As a result, the global production of oil crops has declined Global oil exports are expected to be 62.9 million tons, 1.1 million tons higher than last month, but 1 million tons less than last year