Starting from the report of November 2018, the data show a significative variation, following the large revision for Corn data in China, made by Chinese National Bureau of Statistics.
The global Corn production for the 2018-19 season is expected to decrease slightly (1068.3 Mio Tons, -0.1%) compared to the estimates made in September, but remains higher than the previous season (+2.8%). The world Soybean production, instead, is confirmed at the record level of 369.5 Mio Tons, +9.5% compared to the 2017-18 season.
In the U.S. is forecast a reduction in yields for Corn and in harvested area for Soybean, resulting in a lower production of the two crops compared to previous forecasts (Corn: -0.3%, Soybean: -0.1%). Corn supplies are forecast record high, as a smaller crop is more than offset by an increase in beginning stocks.
An increase in exports for the 2018-19 season is projected for the 4 main exporters of Corn (United States, Brazil, Argentina and Ukraine), which will overall increase their exports by 14.7% compared to 2017-18 season. U.S exports are supported by a competitive price and reduced exports for Russia.
For the 2 main exporters of Soybean (Brazil and United States), lower exports are expected for 2018-19 season, y-o-y, however Argentina should offset the decrease by recovering from the previous season’s drought.
Corn and Soybean | Global producers by share
WORLD | Corn Top Exporters – Yearly trend
Source: USDA
-
-
CLAL-Slideshow-Corn-and-Soybean-OCT18.pdf (2 MB)
Corn & Soybeans - October 2018: Report about prices, production and global trade prospects for 2018-19 season.
... share
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.
