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Presentations for Emerging Trends in the Global Soybean Complex

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Title Presentations for Emerging Trends in the Global Soybean Complex
 
Creator Yang, Di
Hitchner, Joanna
Cooper, Darren
Costa, Ramiro
 
Subject trade
markets
agriculture
prices
 
Description Global changes in soybean production and consumption are reshaping global markets. Global oilseed prices have fallen considerably since last year’s record highs. World soybean production is likely to hit a record high in 2023/24, with global ending stocks projected to rebuild for the second consecutive year. Global soybean trade continues to be driven by China, which accounts for about 60% of total soybean imports. China’s domestic consumption has grown at about 4% per year over the past 10 years. In the United States, increased biodiesel production has diverted more soybean production to be crushed domestically for soybean oil, reducing soybean exports. As a result, Brazil and other suppliers have seen their market shares grow. In 2023/24, Brazil is projected to account for almost 58% of total soybean exports.

This seminar will explore the market outlook for soybeans and vegetable oils, and examine the implications of the US biodiesel industry and recent developments in South American soybean production.
 
Date 2023-12-14
2023-12-14T19:43:39Z
2023-12-14T19:43:39Z
 
Type Presentation
 
Identifier Yang, Di; Hitchner, Joanna; Cooper, Darren; & Costa, Ramiro. 2023. Presentations for Emerging Trends in the Global Soybean Complex. Presented at IFPRI on December 14, 2023.
https://hdl.handle.net/10568/135400
https://www.ifpri.org/event/emerging-trends-global-soybean-complex
 
Language en
 
Rights Other
Open Access
 
Format application/pdf
application/pdf
application/pdf
application/pdf