The monthly report of September 2016 released by the United States Department of Agriculture (World Agricultural Supply and Demand Estimates Report – WASDE) shows for the season 2016-17 the estimates of a drecreasing global production for Corn (1026.61 Mio t, -0.2% from August outlook) and a slightly increasing global production for Soybean (330.43 Mio t, +0.02 Mio t).
U.S. Corn production is lowered (383.38 Mio t, -0.4% from last month) while Soybeans production is projected at a record 114.33 Mio t, up 3.83 Mio t due to a higher yield forecast, more than offsetting lower beginning stocks.
China imports are raised for Corn (+2 Mio t), reflecting a lower production based on drier-than-normal conditions. Soybeans imports are reduced (-1 Mio t) due to a higher harvested area forecast.
Global Soybean ending stocks are projected higher at 72.17 Mio t, while Corn global stocks are down from last month but still projected to be a record high (219.5 Mio t).
CLAL.it – Corn and Soybean ending stocks
Corn & Soybeans - September 2016: Report about prices, production and global trade prospects for 2016-17 season.
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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.
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