last release: 8 November 2024
Supply & Demand
2023/24 | 2024/25 | ||
|---|---|---|---|
estimate | 4 Oct | 8 Nov | |
Production | 394.0 | 424.5 | 425.0 |
Supply | 444.9 | 483.6 | 489.9 |
Utilization | 389.8 | 412.1 | 412.9 |
Trade | 179.1 | 178.1 | 178.4 |
Ending Stocks | 64.9 | 69.6 | 75.9 |
in million tonnes | |||
- Soybean 2024/25 production virtually stable m/m, reflecting expectations of record outputs following improving weather conditions in South America.
- Utilization in 2024/25 lifted marginally, with upward revisions for Argentina, Egypt, the Russian Federation and Ukraine mostly offset by lower forecasts for several other countries.
- Trade in 2024/25 (Oct/Sep) revised up fractionally, underpinned by higher import forecasts for Argentina, Egypt and the EU, while export projections are lifted for Brazil.
- Stocks (2024/25 carry-out) scaled up, primarily reflecting an upward adjustment for China following historical revisions.