June 2001 Edition
World Soybean Export Forecast for 2000/01 Increased 1.3 million tons in June
Strong world demand, encouraged in part by attractive prices, led to an increase in the 2000/01 world soybean export forecast to 50.95 million tons this month. U.S exports are forecast to reach a record 27.08 million tons this year, up 140,000 tons from Mays forecast due to continued strong sales. Brazils export forecast for 2000/01 (Oct - Sep) was increased 600,000 tons this month in conjunction with a one-million-ton-increase in forecast soybean production to a record 37.5 million tons. A larger area and improved yields led to the increase. Argentinas soybean export forecast for 2000/01 (Oct - Sep) was increased 500,000 tons this month to 6 million tons in response to strong soybean demand, particularly in China. As has been the case for most of the year, strong import demand for soybeans by China continues to play an important role in the market. Chinas total imports are currently forecast to reach 11.5 million tons in 2000/01, an increase of one million tons from the May forecast.
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Approved by the World Agricultural Outlook Board/USDA