Global soybean stocks will fall to their lowest level since 1997
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Last Update: 2002-08-16
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Source: Internet
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Author: User
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Introduction: it is expected that soybean production and ending inventory in 2002 / 03 will be the lowest since 1996 / 97 It is estimated that soybean production in the United States decreased by 6.3 million tons to 71.5 million tons in 2002 / 03 The decline in production led to a decrease of 2.1 million tons in inventory and 3.7 million tons in exports at the end of 2002 / 03 The global soybean ending inventory accounts for most of the total oil seed inventory, which is also expected to be the lowest in six years, decreasing from 30.2 million tons to 22.9 million tons South American soybean stocks reached a record high at the beginning of the period, American soybean exports declined, and Brazil's soybean production increased by 1 million tons in 2002 / 03, resulting in the expected increase of 2 million tons and 2.1 million tons in Brazil and Argentina's soybean exports this month Now it is expected that Brazil's soybean export volume in 2002 / 03 will be 22.2 million tons, basically the same as that of the United States W93 expects a decline in global canola and palm oil production in August 2002 / 03, resulting in an increase in soybean oil exports, a decrease in inventories and an increase in vegetable oil prices in the United States and South America.
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