In its May report, USDA predicts a rise in global soybean processing for the 2017/18 marketing year. At the same time, the report expects production and supplies to decline.
USDA's current monthly report provides the first official forecast for the coming 2017/18 marketing year. It anticipates a slight decline in world soybean output by 1 per cent from the previous year, to 345 million tonnes. Whereas the USDA report projects China to see a 7 per cent rise and Canadian output to grow by even 28 per cent, Brazil is predicted to experience a 4 per cent decline of 3.6
USDA's current monthly report provides the first official forecast for the coming 2017/18 marketing year. It anticipates a slight decline in world soybean output by 1 per cent from the previous year, to 345 million tonnes. Whereas the USDA report projects China to see a 7 per cent rise and Canadian output to grow by even 28 per cent, Brazil is predicted to experience a 4 per cent decline of 3.6
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