Oil world predicts tight soybean stocks in the United States
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Last Update: 2002-02-27
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Source: Internet
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Author: User
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Introduction: according to the oil world newsletter in Hamburg, Germany, the end of 2001 / 02 soybean inventory in the United States is expected to be 6.95 million tons as of August 31, 2002, compared with 6.74 million tons at the end of August 2001 The oil world forecast for January was 7.07 million tons The report said inventories were up slightly from the previous year, but they were only close to 8.8% of annual usage Oil world said inventories were relatively low, at the same level as the previous year, but were 10.7% and 13.4% lower than those at the end of August 2000 and 1999, respectively The oil world forecasts that the U.S soybean exports will reach 28.4 million tons in 2001 / 02, compared with 27.29 million tons last year Oil world estimates that U.S soybean exports between September 2001 and February 2002 were 20.8 million tons, an increase of 300 tons, or 17%, over the previous year As soybean crushing also increased significantly, by the end of February 2002, the total soybean inventory in the United States may be only 36.7 million tons, down 1.5 million tons from the same period last year, the lowest level in four years The report said a significant expansion in South American soybean, soybean oil and soybean meal supplies would reduce market share in the United States after March (author:) share to feed Weibo share to:
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