Higher harvested area in Brazil [Corn and Soybean - n°10/2016]

The U.S. Department of Agriculture, in the WASDE Report of October 2016, shows for the season 2016-17 the estimates of an almost unchanged global Corn production, remaining at a record high of 1025.69 Mio t, and an increasing global Soybean production (333.22 Mio t, +0.8%).

US Corn production is slightly lowered at 382.48 Mio t (-0.2% from September estimates), while Soybean production is projected higher at 116.18 Mio t, based on highered yields expectations.

The latest “CONAB” report shows an increase in harvested area for both Corn and Soybean, whose production are raised for Corn (83.5 Mio t) and are projected at a record level for Soybean (102 Mio t).

Global 2016-17 Corn ending stocks are lowered to 216.81 Mio t (-1.2% from last month), but are still very high compared to the previous years, while global Soybean ending stocks are raised at 77.36 Mio t mainly on higher Soybean stocks in the United States, Brazil, Argentina and China (the largest global producers).

Comparison of Corn prices in Italy, USA and Argentina

Comparison of Corn prices in Italy, USA and Argentina

Comparison of Soybeans prices in Italy, USA and Argentina

Comparison of Soybeans prices in Italy, USA and Argentina

Report n°10 (October 2016) about prices, production and global trade prospects for 2016-17 season.
MAIS-SOIA-OCT-2016-EN.pdf (819 kB)
Corn & Soybeans - October 2016: Report about prices, production and global trade prospects for 2016-17 season.

TwitterLinkedInFacebook... share
CLAL Team
About

The CLAL.it team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.

Tagged with:
Posted in Corn, Feed, Soy

Leave a Reply