Soybean Marketing Overview
With harvest completed, total soybean supply for the 2016/17 marketing year is stable at 137.78 MMTs and the focus now shifts to the demand side of the balance sheet. Weekly export sales are currently behind of the USDA export pace by 30.55 MMTs. This is much lower than the USDA’s current prediction and will probabbly be revised downwards by an estimated -2.91 MMT in the upcoming WASDE report on December 10th, 2019. This week's export sales were on pace with the seasonal average for this week, which didn't affect
Markets are looking forward to the 2019/20 marketing year with the release of the prospective plantings report on March 31st. See our production page for more acreage analysis.Our current prediction for the December WASDE release is for the USDA to decrease soybean ending stocks by -2.91 to 28.91 MMT. See our interactive balance sheet to make your own predictions.
Soybeans Around the World
Soybeans are an international commodity produces primarily in North and South American and exported to Europe and the Far East. On the world map below, countires highlighed in blue are major importing countires, and countires highlighed in green are major exporting countires. Click on a country to see a country specific breakdown of their soybean supply and demand.