# Grain SA's Oilseed Market Commentary- South Africa

> South Africa's Grain SA oilseed commentary says world soybean production for 2019/20 may fall about 5.3 million tons, mainly from lower US and Canadian output. US soybean plantings were 77% complete versus a 93% average, and record world soybean stocks of 110 million tons are expected at the end of 2018/19. Local South African soybean prices firmed during the week.

- Date: 2019-06-18 · published 2019-06-18T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/58706-grain-sa-s-oilseed-market-commentary-south-africa
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large record stocks offset the expected Northern Hemisphere output drop, so the net price effect on soybeans and meal is limited.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-09-18 | [African Continent’s Limited Role in the Global Oilseed Market](https://feedsoft.ai/events/34239-african-continent-s-limited-role-in-the-global-oilseed-market.md) | -3.3% | -4.5% |
| SOY | 2021-07-14 | [Grain and Oilseed Markets and Weather Outlook](https://feedsoft.ai/events/45980-grain-and-oilseed-markets-and-weather-outlook.md) | +0.4% | +0.7% |
| SOY | 2019-05-31 | [Grain Market Review: Oilseeds-2019](https://feedsoft.ai/events/59148-grain-market-review-oilseeds-2019.md) | -2.3% | -0.1% |
| SOY | 2024-08-01 | [China's meat sector growth and U.S. grain and oilseed exports](https://feedsoft.ai/events/14739-china-s-meat-sector-growth-and-u-s-grain-and-oilseed-exports.md) | -0.8% | -6.8% |
| SOY | 2024-10-11 | [Canada Know-Risk Market Outlook \| WASDE Neutral for Grain and Oilseeds](https://feedsoft.ai/events/27807-canada-know-risk-market-outlook-wasde-neutral-for-grain-and-oilseeds.md) | -2.6% | +0.1% |

## Sources

- farmingportal.co.za: http://farmingportal.co.za/index.php/agri-index/68-crops/2514-grain-sa-s-oilseed-market-commentary-south-africa

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.