The USDA report has led to the rapid growth of prices for soybeans and vegetable oils

the dry weather experts USDA in yesterday's report lowered the forecast of soybean production in the USA and Argentina and sunflower in Ukraine and Russia, resulting in the estimate of world production of oilseeds reduced by as much as 5.6 million tons to 473,3 million tonnes , which exceeded analysts ' expectations and led to the rapid growth of prices for vegetable oils and oilseeds.

the initial Forecast for global soybean stocks in 2020/21 MG increased by 1.59 million tonnes to 95,34 million tonnes (of 112.85 million tonnes in 2019/20 MG).

Estimate of world soybean production in comparison with the October report decreased by 5.83 million tonnes to 362,64 million tonnes (337,14 million tonnes in 2019/20 Mr), in particular for Argentina 2.5 million tons to 51 million tons for the United States of 2.65 million tons to 113.5 million tonnes (96.7 m t in 2019/20 MG). For Brazil, the forecast has been left unchanged, contrary to local analysts, in particular, the Agency Conab raised its forecast for the soybean crop by 1% to 135 million tons.

the Market was shocked by the reduction in forecast soybean yields in the United States from 51.9 to 50.7 bushels/acre, although analysts estimated it at 51.6 bushels/acre. Due to the reduced crop estimate ending stocks of soybeans in the U.S. has been reduced by 34% from 7.9 to 5.17 million tonnes, compared to 14.25 million tons in 2019/20 and Mr of 24.74 million tonnes in 2018/19 Mr.

After the publication of the report, soybean futures rose 4% to 4-year high of 425 $/ton, and soybean oil and 2.5% to 801 $/t

the Forecast of world consumption of soybean was reduced by 1.56 million tons to 369 million tons (352 million tons in 2019/20 and Mr 343,55 million tonnes in 2018/19 MG) due to Argentina.

For China, the estimated consumption and imports of soybeans was left unchanged, although local analysts predict a reduction in imports in the 2nd half of the season.

the Forecast of world trade in soybeans remained unchanged.

the Estimate of world ending stocks of soybeans in 2020/21 MG decreased by 2.18 million tonnes to 86,52 million tons (96 million tonnes in 2019/20 MG), primarily due to the United States.

the Forecast of world production of sunflower was reduced to 1,825 million tons to 49.66 million tonnes (54,96 million tonnes in 2019/20 Mr), in particular for Ukraine by 1 million tonnes to 14 million tonnes (16.5 million tons in 2019/20 MG), Russia by 0.5 million tons to 13 million tons (15,3), as well as for the EU, Turkey, Argentina and Kazakhstan.

Despite the significant reduction in sunflower yield for the third consecutive year will remain at a high level.

In Ukraine the prices of sunflower rose to 16700-17200 UAH/t (593-611 $/t delivered to the plant, which corresponds to the sales price of sunflower oil is $1,100/MT FOB, while the bid price is yet to be 1020-1030 $/t FOB.