US soybean exports are expected to increase
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Last Update: 2002-06-07
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Source: Internet
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Author: User
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Lead: oil world, Hamburg, Germany reported that U.S soybean exports benefited from Argentina's relatively low sales volume US soybean stocks are likely to decline at the end of the period Now, it is estimated that in 2001 / 02 (September / August), the soybean crushing volume of the United States is 46.2 million tons, compared with 44.67 million tons last year; the estimated export volume is 28.5 million tons, compared with 27.29 million tons last year The volume of press and export is nearly 500000 tons higher than the estimated value two weeks ago At the end of August 2002, U.S soybean stocks are now expected to be 6.27 million tons (230 million bushels), compared with 6.74 million tons in the same period last year That's the lowest level in four years, and the U.S Department of agriculture currently estimates a closing inventory of 260 million bushels Argentina's continued economic crisis means that farmers will hold soybeans and exports will be delayed Farmers don't believe in the current new currency or banks They have hard currency Argentina has a good soybean harvest We estimate that Argentina's soybean production in 2001 / 02 was 29.5 million tons, compared with 27.3 million tons last year Argentina's soybean exports are expected to recover from May, but they are still lower than last year (author:) share to feed Weibo share to:
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