The USDA lowered its global soybean crop forecast, but raised its forecast for canola production

게시됨 2024년 1월 15일

Tridge 요약

The USDA experts made minimal changes to the forecast of world soybean production for 2023/24 MR, with increases in Argentina, the United States, China, the Russian Federation, Bolivia, and Paraguay offsetting the decrease in Brazil. The March soybean futures on the Chicago Stock Exchange fell by 1% to $453.5/t, and the forecast for world rapeseed production increased to 87.1 million tons, while the forecast for sunflower production decreased to 55.54 million tons, with reductions in Argentina, the EU, and the Russian Federation.

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원본 콘텐츠

In the January report, USDA experts almost did not change the forecast of world production of soybeans, as the decrease in the harvest in Brazil was compensated by its increase in Argentina, the United States, China, the Russian Federation, Bolivia and Paraguay. In comparison with the December estimates, the January soybean balance for 2023/24 MR has undergone the following changes: According to the report, March soybean futures on the Chicago Stock Exchange fell by 1% to $453.5/t (-7.1% compared to the data after the December report). USDA experts increased the forecast of world rapeseed production in 2023/24 MR by 0.1 to 87.1 (88.82) million tons, but left the export estimate unchanged. The forecast of world production of sunflower in 2023/24 MR was reduced by 1.26 to 55.54 (52.38) million tons, in particular for Argentina – by 0.2 to 4.3 million tons, the EU – by 0.45 to 10, 2 million tons, the Russian Federation - by 0.4 to 17.1 million tons (although Rosstat estimates the ...

출처: Graintrade