U.S. soybean stocks are expected to fall to a four-year low by the end of August
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Last Update: 2002-06-27
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Source: Internet
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Author: User
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Introduction: according to the report of oil world, thanks to Argentina's low sales volume, the U.S soybean crush volume and export volume are nearly 500000 tons higher than the predicted value two weeks ago, and the soybean ending inventory may decline It is estimated that in 2001 / 02 (from September to August of the next year), the soybean crushing capacity of the United States is 46.2 million tons, compared with 44.67 million tons in the previous year; the export capacity is estimated to be 28.5 million tons, compared with 27.29 million tons in the previous year At the end of August 2002, the U.S soybean inventory is now expected to be 6.27 million tons, compared with 6.74 million tons in the same period last year, the lowest in four years The U.S Department of agriculture currently estimates end of period inventory at 7.08 million tons Argentina's continued economic crisis means that farmers will hold soybeans and exports will be delayed Farmers don't believe in new money or banks Argentina's soybean yield is estimated to be 29.5 million tons in 2001 / 02 and 27.3 million tons in the previous year (author:) share to feed Weibo share to:
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