Oil World forecasts world soybean production in 2010

Oil World forecasts world soybean production in 2010 now at 255.5 (previous estimate 253.8; previous year 211.5) mln t, thereof in Argentina at 53.3 (52.0; 31.5) mln t, in Brazil at 66.0 (65.5; 57.5) mln t, in Paraguay at 6.6 (6.6; 3.9) mln t, and in the USA at 91.4 (91.5; 80.8) mln t. Global use is expected to reach 234.4 (235.1; 224.5) mln t including a crush of 203.4 (204.1; 194.9) mln t, thereof in the USA 47.8 (48.2; 45.2) mln t, in Argentina 32.1 (32.9; 32.1) mln t, in Brazil 33.3 (32.4; 31.7) mln t, and in the EU 12.6 (12.5; 13.0) mln t.. Ending stocks are seen at 68.1 (66.2; 47.0) mln t, thereof in the USA at 5.2 (5.0; 3.8) mln t, in Argentina at 30.1 (28.4; 17.6) mln t and in Brazil at 21.4 (21.4; 15.2) mln t. The stocks-to-use ratio estimate is revised up to 29.1 (28.2; 21.2)%.
(Oil World, March 26, 2010)