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05 Sep

Posted at 07:54h in news, soybean
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The price for soybeans is improving despite the major production that is expected worldwide. The main reason that prices are picking up is good exports. The recovering demand in the Chinese feed sector and improved economic conditions are making the sale of soybeans easier. Monthly forecast revised upwards The International Grains Council (IGC) has revised the monthly forecast for the global soybean harvest for the 2020-21 season upwards by 8 million tonnes to a record 373 million tonnes. That is 10% more than was harvested last year (2019-20: 339 million tons of soybeans). The increase is mainly due to an improved outlook for the United States.The recovering demand in the Chinese feed sector and improved economic conditions are making the sale of soybeans easier. Photo: Hans PrinsenSoybean trade has increased from 161 million tons (July) to 164 million tons (August), mainly due to good exports from South America; Brazil ships a lot of...

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