USDA lowered its forecast for soybean crop, but raised its forecast for rapeseed production

게시됨 2024년 1월 15일

Tridge 요약

The USDA report on global soybean production for 2023/24 did not change much from the December estimates, with increases in some countries offsetting decreases in others. March soybean futures on the Chicago Board of Trade fell by 1% compared to December. The forecast for world rapeseed production and global sunseed production also saw some changes, with an increase in rapeseed production but a decrease in sunseed production and exports in some countries.

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원본 콘텐츠

In the January report, the USDA experts almost did not change the forecast of global soybean production, as the decrease in Brazilian harvest is offset by the increase in Argentina, the United States, China, Russia, Bolivia and Paraguay. Compared to the December estimates, the January soybean balance for 2023/24 MY has undergone the following changes: According to the report, March soybean futures on the Chicago Board of Trade fell 1% to 453.5 $/t (-7.1% compared to the data after the release of the December report). The Forecast of world rapeseed production in 2023/24 MY experts USDA increased by 0.1 to 87,1 (88,82) million tons, but the export estimate was left unchanged. The forecast of global sunseed production in 2023/24 MY was lowered by 1.26 to 55.54 (52.38) mln tonnes, in particular for Argentina – by 0.2 to 4.3 mln tonnes, EU – by 0.45 to 10.2 mln tonnes, Russia – by 0.4 to 17.1 mln tonnes (although Rosstat estimates the harvest at 16.7 mln tonnes), while for ...

출처: UkrAgroConsult