South American soybean exports are expected to exceed those of the United States

Introduction: Dow Jones, Chicago, Oct 16: according to the world market and trade report of the U.S Department of agriculture, the soybean supply in South America has increased, so the global soybean and soybean meal export expectation in 2001 / 02 is higher than that in the previous year, but the U.S share in these export markets is decreasing If that happens, South America's soybean exports will surpass those of the United States for the first time in history According to the U.S Department of agriculture's October supply and demand report, Brazil, Argentina and Paraguay's soybean production in 2001 / 02 totaled 71.9 million tons, about 5 percentage points higher than last month's forecast South American soybean exports have increased and are expected to replace some U.S businesses, with most of the demand coming from the European Union Brazil is expected to produce 41.5 million tons of soybeans in 2001 / 02, up from 38.4 million tons in 2000 and an average of 29.9 million tons in five years (1995-1999) Argentina is currently expected to produce 27 million tons of soybeans, up from 26.5 million tons in 2000 and 16.8 million tons on average in five years Paraguay's soybean production in 2001 / 02 was 3.4 million tons, the same as the previous year Including the United States and other soybean producing countries, such as China and the European Union, most of the world's production is expected to reach 180.67 million tons in 2001 / 02, an increase of 7 million tons over 2000 In 2001 / 02, Brazil will account for 17.5 million tons, Argentina for 8 million tons and Paraguay for 2.52 million tons of the estimated export volume of 57.31 million tons in the global export market, so the total export volume of South America is 28 million tons The United States will account for 26.67 million tons of global soybean exports In terms of imports, it is expected that 57.1 million tons of soybeans will be imported in 2001 / 02, up from 54.4 million tons in 2000 Asian buyers will account for 48% of that, and will import 27.45 million tons this year China will account for 14 million tons of total imports, while Japan, the second largest, will account for a much smaller 4.9 million tons In 2001 / 02, the global crushing volume is expected to be 154.1 million tons, higher than the previous year's 146.7 million tons The United States will account for 29% of the total press, or about 45.2 million tons South America will account for 27% with 41.9 million tons of press If all is taken into account, the global end of period inventory for 2001 / 02 will increase by nearly 3 million tons, higher than the previous estimate of 29.04 million tons, 1 million tons higher than in 2000 The October report raised US soybean ending stocks by 2.5 million tons to 9.4 million tons The USDA cut the soybean price range by 50 cents to $3.90 to $4.70, down from $4.40 to $5.40 previously expected, given the more bearish outlook for supply and demand (author:) share to feed Weibo share to: