USDA: increasing demand will prevent soybean surplus
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Last Update: 2001-08-21
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Source: Internet
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Author: User
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Introduction: the USDA said that although the U.S will have a good harvest of soybeans this autumn, strong demand will prevent the surplus of soybeans It is estimated that US soybean production will reach 2.9 billion bushels this year, 100 million bushels more than last year's record level There are many factors that will support the increase of domestic soybean crushing production in 2001 / 02, mainly the export of soybean products and profitable pig feeding industry The USDA believes that pig feeding industry will be conducive to expanding domestic soybean meal demand in the United States China and the EU have a large demand for soybean imports, which will support us soybean exports But at the same time, the huge output of the United States and the huge inventory of foreign countries (mainly China and Brazil) will restrict the further increase of soybean prices (author:) share to feed Weibo share to:
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