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.

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, South America, Soy

Leave a Reply