Global soybean stocks do not reflect market reality, says Sartori

The disclosure that global soybean stocks would be rising does not reflect the reality of the global market, according to an assessment by the director of Brasoja, Antônio Sartori. The methodology adopted for calculating the stocks generates a distorted interpretation of the supply and demand of the oilseed. According to Antônio Sartori, the problem lies in the time frame used to measure global stocks. Currently, the numbers are consolidated based on August 30, a date that marks the end of the U.S. agricultural year. “This criterion does not represent the world market. It reflects only the end of the North American cycle, ignoring the growing weight of South America in global production,” he states. Sartori highlights that Brazil, Argentina, and Paraguay together produce more than 240 million tons of soybeans, a volume higher than that of the United States, which do not reach 120 million tons. “When the end of the American agricultural year is used as a reference, it creates the ...