Increased U.S. exports, seed use, and lower ending stocks, according to the WASDE report on oilseeds

The article outlines the U.S. Department of Agriculture's recent report on the adjustments to the soybean supply and use for the 2021/22 marketing year. This report indicates an increase in soybean exports and seed use, alongside a decrease in ending stocks. Soybean oil exports are also on the rise, with a decrease in ending stocks, despite high prices. On the other hand, the soybean meal export forecast has been lowered, though domestic disappearance has slightly increased.

Globally, soybean supply and demand forecasts have been reduced due to lower production in Brazil and Paraguay, alongside decreased exports from various countries. This has led to a decrease in global soybean stocks, primarily due to lower U.S. and Argentine stocks. Additionally, the report highlights changes in the global market for other oilseeds, such as sunflower seeds and palm and rapeseed oil, with variations in import and export patterns across different countries. Overall, these adjustments reflect the dynamic nature of the global agricultural market and its response to various supply and demand factors.