Competition for Corn and Soybean increases from South America [Corn and Soybean - n°4/2017]

The U.S. Department of Agriculture, in the WASDE report of April 2017, shows for the season 2016-17 the estimates of an increasing global production both for Corn (1053.76 Mio t, +0.4% from last month outlook) and Soybean (345.97 Mio t, +1.5%).

Corn production increases in Brazil (93.5 Mio t, +2.2%), primarily on larger projected second crop area, and Argentina (38.5 Mio t, +2.7%), on better-than-expected yields.
The higher Soybean production is in South America: Brazil (111 Mio t, + 3 Mio t from last month estimates), Argentina (56 Mio t, +0.5 Mio t), Paraguay (10.10 Mio t, +0.9 Mio t) and Uruguay.

U.S. Corn outlook shows an increase in Corn used to produce ethanol (+0.9% from March outlook), offset by a reduction in feed and residual use (-0.9%).

Global trade outlook projects higher exports for Brazil and Argentina (respectively 32 Mio t and 26 Mio t), with increases competition from these countries expected to impact the 2017-18 marketing year in the U.S.
Soybean imports are raised for China (accounting for 63% of world Soybean export) and EU (accounting for 10%), corresponding to higher global Soybean export (143.3 Mio t).

Global ending stocks are raised both for Corn (222.98 Mio t, +1%), with increases for Mexico, Brazil, Indonesia and Argentina, and Soybean (87.41 Mio t, +5.5%), on increases for United States, Argentina, Brazil and China. If realized, the data about global Soybean ending stocks will be a new historical record.

Corn and Soybean - World main exporters (Forecast 2016-17)

Corn and Soybean – World main exporters (Forecast 2016-17)

Report n°4 (April 2017) about prices, production and global trade prospects for 2016-17 season.
MAIS-SOIA-APR-2017_EN.pdf (507 kB)
Corn & Soybeans - April 2017: Report about prices, production and global trade prospects for 2016-17 season.

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The 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.

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