Advertisement

Reports

Global soybean stocks fall

Global soybean production for 2021/22 has been reduced by 9.2 million tons to 372.56 million metric tons in response to lower yields in South American crops, according to USDA Oil crop outlook report.

Global soybean stocks fall

January 18, 2022


Global soybean production for 2021/22 has been reduced by 9.2 million tons to 372.56 million metric tons in response to lower yields in South American crops, according to USDA Oil crop outlook report. Nevertheless, 2021/22 global production will eclipse the 2020/21 production of 366.23 million metric tons by 6.3 million metric tons, if realized. 

Dry weather in Southern Brazil, Argentina and Paraguay through the early portion of the season has reduced the potential for bumper soybean production. Brazil’s soybean production has been reduced this month by 5 million metric tons to 139 million.

The anticipated reduction in soybean output is expected to lower 2021/22 global ending stocks by 6.8 million tons to 95.2 million, 5% below last year. This would be the lowest global soybean inventory since 2016/17.

Screenshot 2022-01-18 at 14-42-19 Oil Crops Outlook January 2022 - OCS-22a pdf

Advertisement

Latest Magazine

JOB BOARD