Corn and Soybeans n°4/2016: USDA raises Argentina production forecast

The monthly report of April 2016 released by the United States Department of Agriculture (World Agricultural Supply and Demand Estimates Report – WASDE) shows for the season 2015-16 the estimates of an increasing global production for Corn (972.13 Mio t, +2.49 Mio t from March estimates) while the global production for Soybean remains unchanged.

Argentina production is raised both for Corn and Soybean (respectively +1.0 Mio t and +0.5 Mio t). Corn production is increased also for Mexico and Serbia (+0.5 Mio t) while Soybean production is lowered for India (-0.5 Mio t), on reduced harvested area and yield.

EU Corn imports are lowered 1 Mio t, on a slowing import license pace and large, competitively priced Wheat supplies, which are expected to support greater domestic Wheat feeding.

U.S. Soybean exports are increased (+0.41 Mio t), reflecting stronger global Soybean imports led by China (from 82 to 83 Mio t).

China Corn feeding is raised, offsetting a decline in Wheat as internal market prices are expected to favor Corn. China ending stocks are lowered 2 Mio t. - Top Producers of Corn and Soybean – Top Producers of Corn and Soybean

Report n°4 (April  2016) about prices, production and global trade prospects for 2015-16 season.
MAIS-SOIA-APR-2016-EN.pdf (721 kB)
Corn & Soybeans - April 2016: Report about prices, production and global trade prospects for 2015-16 season.

TwitterLinkedInFacebook... share

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.

Tagged with:
Posted in Brazil, China, Corn, Feed, Soy

Leave a Reply