Soybean prices on the Chicago Stock Exchange reacted with growth to the "bearish" USDA report

< span style="font-size:14px;">soybean quotes on the Chicago Stock Exchange rose after the release of the May USDA report on data on the shortage of the old crop, even despite the optimistic production forecast for the new season.

So, July soybean futures rose by 1.6% to 6 603/ton, and November – by 0.8% to 5 530/ton. < / p>

< span style = "font-size:14px;">according to the USDA forecast, global soybean production in 2021/22 MG will grow by 22.6 million tons compared to the current season to 385.53 million tons (339 million tons in 2019/20 MG), in particular in Brazil – by 8 million tons to a record 144 million tons (128.5 million tons in 2019/20 mg), Argentina – by 5 million tons to 52 million tons (48.8 million tons in 2019/20 mg), the United States – by 7.33 million tons to 119.88 million tons (96.67 million tons in 2019/20 mg).

< span style="font-size:14px;">it is expected that global consumption soybeans will grow by 11.45 million tons to 380.78 million tons (356.82 million tons in 2019/20 mg) compared to 2020/21 MG due to a sharp increase in consumption in China by 5.2 million tons to 119.7 million tons (109.2 million tons in 2019/20 mg).

< span style="font-size:14px;"> USDA experts increased the forecast of world exports soybeans by 1% to 172.9 million tons, in particular for Brazil – by 7 million tons to 93 million tons (92.14 million tons in 2019/20 MG), but reduced it for the United States by 5.58 million tons to 56.47 million tons (45.78 million tons in 2019/20 mg). As a result, the share of the United States in world exports will decrease, and Brazil will grow from 50% in 2020/21 MG to 54% in 2021/22 MG.

forecast ofglobal imports < /strong> soybeans increased to 172.7 million tons (167.77 million tons in 2020/21 mg and 165 million tons in 2019/20 MG) due to an increase in imports by China by 3 million tons to 103 million tons compared to 98.5 million tons in 2019/20 MG.

the estimate ofglobal final reserves soybeans in my 2021/22 was increased to 91.1 million tons (86.55 million tons in my 2020/21 and 96.04 million tons in my 2019/20), primarily due to their increase in China by 2.2 million tons to 34 million tons. < /span> < / p>

< span style="font-size:14px;" > according to USDA estimates, the global supply of oilseeds in 2021/22 MG will grow by 3% compared to the 2020/21 season to 732.4 million tons, as high prices encourage producers to increase the area of sowing oilseeds.