Output and inventory decreased, supply and demand of new and old beans in the United States tightened
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Last Update: 2002-07-10
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Source: Internet
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Author: User
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Introduction: it is expected that new soybean production and carry over inventory will decrease; soybean demand will be strong in 2001-02, and the inventory will be more tense; it is expected that South America's output will increase in 2002-03 Chicago, July 9: on Thursday, the U.S Department of agriculture will release this month's report on supply and demand of agricultural products, but it is not expected to bring anything too unexpected to the soybean market In general, the supply of new beans will be lower than the previous forecast due to a reduction in the estimation of sown area, and the demand for old beans will be better than that of the Ministry of agriculture If such an adjustment is made, the U.S soybean carry over inventory for 2001-02 and 2002-03 will be lower than the current forecast of 240 million bushels and 265 million bushels, respectively In addition, for the first time, the Ministry of agriculture will adjust the world soybean figures for 2002-03 Most analysts agree that the Department of agriculture figures will show that South American production will grow again next year, surpassing the 2001-02 peak (author:) share to feed Weibo share to:
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