Global Corn production for 2018-19 is forecast at 1,099.9 Mio Tons, +0.1% from November projections, with increases for Ukraine (record production forecast at 35 Mio Tons), and for the European Union, especially for Romania.
U.S. most recent data on ethanol production show a decrease, therefore lower Corn used for ethanol is expected. With no production and export changes, ending stocks are projected at 45.2 Mio Tons, higher from last month.
Global 2018-19 Soybean production is forecast at 369.2 Mio Tons, +0.5% from November forecast. The increase is mainly due to greater Soybean production for Brazil, the second largest Soybean Producer: +1.2% from previous outlook, +1.4% from previous season, reflecting favorable weather conditions in the Center-West region.
Brazil+6.3%Soybean export (outlook 2018-19 from previous season)
Large competitive supplies in Brazil are expected to boost the export: +5.2% compared to previous estimates, +6.3% compared to the 2017-18 season. As a result, exports from Argentina, Canada and Paraguay decreased and their stocks increased.
U.S. Soybean ending stock are projected at a record 26 Mio Tons, with production and export unchanged.
Source: USDA
WORLD | Soybean Top Exporters – Yearly trend
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CLAL-Slideshow-Corn-and-Soybean-DEC1.pdf (2 MB)
Corn & Soybeans - December 2018: Report about prices, production and global trade prospects for 2018-19 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.
