Porto Alegre,\nSeptember 22, 2020 \u2013 Brazilian soybean stocks must end the year 2020 with a volume\nbelow 500 thousand tons. The forecast is part of the September update for the\nBrazilian supply and demand, released by SAFRAS & Mercado on the 14th.<\/p>\n\n\n\n
Brazilian soybean\nstocks are projected at 461 thousand tons for the end of December, the lowest\nvolume in decades.<\/p>\n\n\n\n
With extremely\nhigh exports and a very heated domestic consumption, the Brazilian super crop reaped\nthis season will not be able to meet the entire demand, with the need for\nrecord soybean imports by Brazilian industries.<\/p>\n\n\n\n
For 2021, if the\nBrazilian crop is full, stocks must grow again, although the forecast is for a\nstill low volume due to the projection of still strong exports and domestic\nconsumption. For the next season, the relationship between the United States\nand China must still remain an important factor for the market, impacting the\nprojections. News related to the trade war can bring important changes to some\nnumbers, mainly in the estimate for Brazilian exports.<\/p>\n\n\n\n
Right now,\nsoybean exports from Brazil are projected at 82.5 million tons for 2021,\nrepeating the volume projected for 2020. In the previous survey, released in early\nAugust, the numbers were 83 million tons for 2021 and 81 million for 2020.<\/p>\n\n\n\n
SAFRAS indicates the\ncrush at 45.5 million tons in 2021 and 44.5 million tons in 2020, representing\nan increase of 2% between one season and another.<\/p>\n\n\n\n
As for the 2021\nseason, the total supply of soybeans must rise by 1% to 132.782 million tons.\nThe total demand projected by SAFRAS hits 131.6 million tons, up 1% from the\nprevious year. Thus, final stocks must rise 156%, from 461 thousand to 1.182\nmillion tons.<\/p>\n\n\n\n
SAFRAS estimates\nthe soymeal production at 34.98 million tons, up 2%. Exports must rise by 4% to\n17.5 million tons, while domestic consumption is projected at 17.25 million, up\n3%. Stocks must rise by 11% to 2.249 million tons.<\/p>\n\n\n\n
The production of\nsoyoil must increase by 2% to 9.2 million tons. Brazil must export 800 thousand\ntons, down 27% from the previous year. Domestic consumption must rise from 8.23\n\u200b\u200bto 8.45 million tons. The use for biodiesel must grow by 6% to 4.5 million\ntons. Stocks must remain stable at 127 thousand tons.<\/p>\n\n\n\n
Copyright 2020 – SAFRAS Latam<\/p>\n","protected":false},"excerpt":{"rendered":"
Porto Alegre, September 22, 2020 \u2013 Brazilian soybean stocks must end the year 2020 with a volume below 500 thousand tons. The forecast is part of the September update for the Brazilian supply and demand, released by SAFRAS & Mercado on the 14th. Brazilian soybean stocks are projected at 461 thousand tons for […]<\/p>\n","protected":false},"author":6,"featured_media":9134,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[95],"tags":[],"commodity":[],"class_list":["post-19422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlights-en"],"acf":[],"yoast_head":"\n