Soybean exports are reduced mainly on strong competition from Brazil, the USDA added. Then you will be able to mark statistics as favourites and use personal statistics alerts. Soybean Production by Country (Values in Metric Tons) Corporate solution including all features. 2019-20 ESTIMATES US soybean 2020-21 production seen at 4.13 billion bu, up 14% on year, Colder December forecast reverses MA contract losses, Commodity Tracker: 5 charts to watch this week, USDA bullish on US soybean exports in 2020-21. S&P Global Platts Analytics forecast the 2020-21 US soybean acreage at 84.5 million acres, yield at 50 bu/harvested acre, soybean production at 4,190 million bu, soy exports at 1.90 billion bu and ending stocks at 567 million bu. Access latest gas news and analysis, conferences and events. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Therefore, even though both countries are continuing to grow their exports, a larger share of the global export pie is being captured by Brazil . The US soybean is estimated to export 1.68 billion bu in 2019-20, up 100 million bu on April estimates, the report said. From USDA: Crop Production ISSN: 1936-3737. Soybean meal prices are forecast at $290/short ton, down $10 from 2019-20 and soybean oil prices are forecast at 29.0 cents/lb, up 0.5 cent from 2019-20, the report added. "Production of Soybean Meal Worldwide from 2013/14 to 2019/20, by Country (in Million Metric Tons). This year's 362.76 estimated millions tons could represent an increase of 26.64 million tons or 7.93% in soybean production around the globe. In crop year 2019/2020, the U.S. only accounted for about 29 percent of global soybean exports, while Brazil accounted for 37 percent. New, Figures and insights about the advertising and media world, Industry Outlook (May 12, 2020). Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. Accessed November 27, 2020. https://www.statista.com/statistics/612537/soybean-meal-production-worldwide-by-country/, US Department of Agriculture. Global soybean production in 2020-21 is forecast up 26.6 million mt on year to 362.8 million mt, with Brazil's crop rising 7.0 million mt on year to 131.0 million mt, Argentina's crop is up 2.5 million mt on year to 53.5 million mt, the USDA said. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Research expert covering agriculture & FMCG, Profit from additional features with an Employee Account. You need at least a Single Account to use this feature. This is a list of countries by soybean production in 2018, based on data from the Food and … With higher crush only partly offsetting lower exports, seed, and residual use, ending stocks are projected at 580 million bushels, up 100 million bushels, the USDA said. Figures were rounded to provide a better understanding of the statistic. Directly accessible data for 170 industries from 50 countries ?Shansong Biological accounts for a volume share of XX %. The planted area estimate for 2019-20 was unchanged at 76.1 million acres, while the forecast for harvested area was also steady at 75 million acres, the report said. ?Ajinomoto aims at producing XX Soybean Oligosaccharides in 2020, with XX % production to take place in global market, ??? The average market estimate for 2019-20 US soybean ending stock was 488 million bu. With higher global soybean import demand for 2020-21 led by expected gains for China, US export share is expected to rise to 34% from the 2019-20 record low of 30%, the USDA said. Soybean crush is raised on higher soybean meal exports and increased domestic disappearance, the report said. Domestic soybean meal use is forecast higher with an expected reduction in available supplies of DDGs resulting from lower ethanol production. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). You only have access to basic statistics. Update, Insights into the world's most important technology markets, Advertising & Media Outlook If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. In 2019/20, China was the leading soybean meal producing country with a production … Register in seconds and access exclusive features. The 2020-21 US season-average soybean price is projected at $8.20/bu, down 30 cents from 2019-20, the USDA said. Statista. The US Department of Agriculture forecast for US soybean production for 2020-21 marketing year (September-August) is seen at 4.13 billion bushels, up 14% year on year, due to higher acreage and yield expectations, it said in its World Agriculture Supply and Demand Estimate report Tuesday.

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