Higher US soybean exports, reduced domestic usage

게시됨 2021년 4월 9일

Tridge 요약

The U.S. Department of Agriculture's latest report on the 2020/21 soybean supply and use adjustments indicates higher exports, lower crush, residual use, and seed use. The soybean ending stocks are projected to remain steady at 120 million bushels. The season-average soybean price is forecasted to rise slightly to $11.25 per bushel, while soybean oil prices are expected to increase due to the inclusion of additional renewable fuel capacity. The global oilseed outlook for the 2020/21 marketing year shows a rise in production, exports, and stocks, primarily driven by increased soybean production in Brazil. However, global soybean crush expectations have been lowered, particularly in China, and global soybean ending stocks have been raised due to higher stocks in China and Brazil.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

U.S. soybean supply and use changes for 2020/21 include higher exports, lower crush, residual use, and seed use. Soybean exports are raised mainly reflecting record exports through the first half of the marketing year. Soybean crush is reduced this month on a lower domestic soybean meal disappearance forecast and a higher projected extraction rate. Seed use is reduced in line with plantings for the 2021/22 crop indicated in the March 31 Prospective Plantings report. Residual use is reduced based on indications in the March 31 Grain Stocks report. Soybean ending stocks are projected at 120 million bushels, unchanged from the previous forecast. The season-average soybean price is forecast at $11.25 per bushel, up 10 cents. The soybean oil price is projected at 45.0 cents per pound, up 4 cents reflecting sharply higher prices in March. Higher soybean oil prices are expected to continue in coming months as additional renewable fuel capacity comes online. Soybean meal prices are ...

출처: Agfax