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Willagri notes that USDA projects 663 million tonnes of world oilseed production for 2023-24, with Brazil at 163 million tonnes of soybeans and Ukraine producing about 15 million tonnes of sunflower seed. The article says Africa produces about 26 million tonnes of oilseeds and imports 10 million, with China projected to import 100 million tonnes of soybeans.
Global oilseed supply is ample relative to import demand, which keeps the meal and oil complex supplied for feed buyers. Africa's import dependence adds to trade flows but does not change the overall price outlook.
willagri.comWILLAGRISep 18, 2023After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
