WASDE Key Points Everything in oilseeds world goes higher:
Global oilseed production at 647 MMT (+8 percent). Global soymeal production (4.25 percent) and exports (3.08 percent). Global soyoil production (3.9 percent) and exports (4 percent). U.S. soybean ending stocks (32 percent) and global soybean ending stocks (16.8 percent) both rise though stocks-to-use ratios remain relatively tight. China drives most of the increase in demand, and Brazil provides half the increase in supply. South American production will rebound in 2023, with Brazil producing 146 MMT, a 19.5 percent increase on 2.8 percent more area. Brazil accounts for half the global increase in soybean production. Argentina will produce 51 MMT, versus 42 MMT in 2021/22...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
