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10th Session of the AMIS Global Food Market Information Group

Soybeans: world market situation

and 2016/17 outlook

TENTH SESSION OF THE AMIS GLOBAL FOOD MARKET INFORMATION GROUP

FAO, Rome

6-7 October 2016

10th Session of the AMIS Global Food Market Information Group 2

16/17 outlook:

• Production: full recovery from 15/16, and

possibly record-high

• Utilization: continued, steady growth

• Carry-out stocks: y/y contraction, albeit

from a high level

• Trade: moderate expansion

Global supply & demand

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Global production

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Soybean production: major producers

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Global production vs. utilization

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Soybean inventories and ratios

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China

62%

Other

Asia

18%

EU

10%

Rest of World

10%

Global import pattern(2016/17 f’cast)

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Factors to watch

supply side:

• final estimate of US crop

• South American crops

� farmers’ planting decisions

� planting progress

� growing conditions

demand side:

• China import volume

• other, related markets

� palm oil

� biodiesel

other sources of uncertainty:

• exchange rate movements

• global economic growth

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Thank You