Oil Crops Outlook, February 2012.
(05/01/2014)
Despite a dimmer outlook for South American soybean production, U.S. exports for 2011/12 are expected to be unchanged at 1.275 billion bushels as an anticipated upswing in sales may only narrow a large gap with last years pace of shipments. Domestic processing margins for soybeans have not appreciably improved, either, so the 2011/12 crush forecast did not change from 1.615 billion bushels. Without changes in forecast U.S. soybean demand, the expectation for season-ending stocks is unchanged at 275 million bushels. Based on smaller South American crops, global soybean production for 2011/12 is forecast down by 5.5 million metric tons this...
Tác giả: NTIS |
Số trang: 12 |
Lĩnh vực: Nông nghiệp |
Năm XB: 2012 |
Loại tài liệu: Sách
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Oil Crops Outlook, February 2012. | Số trang: 12
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Despite a dimmer outlook for South American soybean production, U.S. exports for 2011/12 are expected to be unchanged at 1.275 billion bushels as an anticipated upswing in sales may only narrow a large gap with last years pace of shipments. Domestic processing margins for soybeans have not appreciably improved, either, so the 2011/12 crush forecast did not change from 1.615 billion bushels. Without changes in forecast U.S. soybean demand, the expectation for season-ending stocks is unchanged at 275 million bushels. Based on smaller South American crops, global soybean production for 2011/12 is forecast down by 5.5 million metric tons this month to 251.5 million. In Brazil, drought losses in the South are forecast to reduce 2011/12 soybean production by 2 million tons this month to 72 million. Soybean production for Argentina in 2011/12 is also forecast down this month to 48 million tons from 50.5 million due to lower estimates of area and yields.
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