Market Leader informed
The main factors that should be taken into account when considering the price of soybeans are global production, exports, imports, consumption, seasonality, weather conditions and stocks.
Production. On April 8th the USDA released another report, according to which the global consumption of soybeans in the 2010/11 marketing year is expected to reach 260,972K tons, which is 2,570K tons more than was predicted in March and almost 1M tons more than it was in 2009/10.
A production increase is anticipated in Brazil and Paraguay. The forecasts for the US,
Argentina, China, India and Canada remain the same: 90,6M, 49,5M, 15,2M, 9,6M and 4,35M tons correspondingly.