The increase in soybean yields in the United States puts pressure on prices

2017-11-06 12:32:08
Machine translation
The increase in soybean yields in the United States puts pressure on prices

the Biggest analytical Agency published a new forecast of yield and production in anticipation of the release of the report USDA with final estimates of production in a calendar year. It is expected to increase yields of soybeans and corn, and growth in gross collection.

 

Informa estimates the corn crop 14.41 billion bushels, or 366 million tons at a yield to 173.4 bushels/acre, or of 10.87 t/ha, and soybeans – at the level of 4,447 billion bushels, or 121 million tons at a yield of 49.7 bushel/acre or of 3.34 t/ha.

 

FC Stone predicts corn harvest at the level of 14,434 billion bushels with a yield of 173.7 bushels/acre and soybeans at the level of 4,467 billion bushels with a yield of 49.9 bushels/acre.

 

In its October report, USDA estimated the corn crop 14.28 billion bushels with a yield 171,8 bushels/acre and soybeans at the level of 4,431 billion bushels with a yield of 49.5 bushels/acre.

 

Traders expect an increase in prices for soybeans increased imports by China, however, the increase in yields will put pressure on prices. Usually within the 4th quarter, the US exported more than 53% of the annual sales of soy, so this period will be decisive for traders.

 

October precipitation accelerated the sowing of soybeans in Brazil, which is now planted 43% vs 45% at the same date last year and 44% in average of 5 years.

 

Export of Brazilian soybeans old crop amounted to 114 million tonnes, China in November and December may increase imports of Brazilian soybeans to 5 million tonnes, which is twice the figure for the previous year.

 

Competition in the soybean market between the US and Brazil will increase in March 2018, when it will start active selling of cheaper Brazilian soybeans, the quality of which, in particular protein content, much higher than American beans.

 

In Chicago, the December soybean futures traded at 363 $/t