U.S. soybean stocks are expected to fall to their lowest level in four years by the end of August
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Last Update: 2002-06-10
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Source: Internet
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Author: User
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Lead: Hamburg news: according to oil world, thanks to Argentina's low sales volume, the U.S soybean crush and export volume is nearly 500000 tons higher than the forecast two weeks ago, and the soybean ending inventory may decline It is estimated that in 2001 / 02 (September of the first year / August of the next year), the soybean crushing volume in the United States is 46.2 million tons, 44.67 million tons in the previous year; the export volume is estimated to be 28.5 million tons, 27.29 million tons in the previous year Soybean stocks in the United States are now expected to be 6.27 million tons (230 million bushels) by the end of August 2002, 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 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 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.
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