The forecast of world soybean production by the USDA experts has decreased, but has increased the estimated consumption

In the October balance experts USDA more than the market expected, reduced the rating of the world beginning and ending stocks and soybean production, however, increased the consumption forecast.

the initial Forecast for global soybean stocks in 2020/21 MG decreased by 2.26 million tonnes to 93.75 million tonnes, which will significantly yield of 113.1 million tonnes 2019/20 season, as stocks in the U.S. will decrease by 1.4 million tonnes thanks to strong exports to China, and in China by 1.6 million tons due to increased domestic processing.

Estimate of world soybean production in comparison with September has decreased by 1.27 million tonnes to 368,48 million tonnes (337,14 million tonnes in 2019/20 Mr), due to the reduced forecast for the US by 1.2 million tonnes to 116,15 million tons (96.7 m t in 2019/20 MG), while analysts estimated it at of 116.5 million tons For Brazil and Argentina forecasts left unchanged.

the Forecast of world consumption of soybeans has increased by 1.52 million tonnes to 370,6 million tons (352 million tons in 2019/20 and Mr 343,55 million tonnes in 2018/19 Mr) as China increases consumption by 1 million tons to 117.4 million tons, 9.2 million tons will exceed the level 2019/20 MG and 15 million tonnes – a figure Mr 2018/19.

Evaluation of soybean imports to China increased by 1 million tonnes to 100 million tonnes (98 million tons in 2019/20 MG).

the Forecast of world trade in soybeans has increased by 1.54 million tonnes to 167,88 million tons due to increased export forecast for the United States by 2 million tonnes to 59,87 million tonnes (45.6 million tonnes in 2019/20 MG) through increased shipments to China.

Due to the drastic reduction of the world's initial stocks and production, with increased consumption, the estimate for ending stocks in 2020/21 MG decreased by 4.89 million tonnes to 88.7 million tonnes (96 million tons in 2019/20 Mr), in particular for the United States by 4.62 million tonnes, China at 1.6 million tonnes, partly kompensiruet increase in Brazil by 1 million tons.

Reduction of soybean stocks in the U.S. by 37% to 7.9 million tonnes (14.2 million tonnes in 2019/20 Mr and 24.7 million tonnes in 2018/19 MG) surprised the market as analysts estimated them at 9.8 million tonnes, against the background of an unexpected increase in the forecast of exports that led to higher prices of November futures for soybeans by 1.6% to 393 $/t

the Future price movement of soybeans will depend on the sowing progress in Brazil, rainfall in South America in the coming months, as the global balance provides an increase in sowing areas and yield of soybeans in Brazil and Argentina.