Soybean meal exports are up 1.1 million tonnes to 32.8 million tonnes; and soybean oil exports are raised 165,000 tonnes to 5.9 million tonnes in response to a larger crush forecast.
• Bangladesh
Soybean imports are up 100,000 tonnes to 1.1 million tonnes on a strong pace of trade to date.
• Brazil
Soybean exports are boosted 1 million tonnes to 58 million tonnes on strong demand mainly from China.
• Canada
Rapeseed exports are up 300,000 tonnes to 9.3 million tonnes, reflecting strong demand from the EU.
• China
Soybean imports surge 1.5 million tonnes to 82 million tonnes, reflecting a strong pace of trade in the first half of the marketing year and continued strong demand for protein meal.
Rapeseed imports are down 100,000 tonnes to 4.2 million tonnes on an expected slower pace of trade, due to lower exportable supplies in Australia and growing soybean imports.
Palm oil imports are reduced 200,000 tonnes to 5.5 million tonnes as rising soybean crush is providing additional supplies of domestically produced vegetable oil.
• EU
Soybean meal imports are raised 400,000 tonnes to 20.7 million tonnes in response to larger supplies of competitively priced Argentine meal.
Soybean imports are lowered 500,000 tonnes to 13.2 million tonnes as increased meal imports reduce the need for soybeans for crush.
Rapeseed imports are up 400,000 tonnes to 2.8 million tonnes, reflecting strong domestic demand.
Foreign Agricultural Service/USDA, March 2016
Argentina’s Rush to Crush Soybean was last modified: September 30th, 2016 by GOFB
