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US Soybean Acreage Cuts Won’t Eliminate Huge Stocks Overhang

美国大豆面积调减并没有减少巨量库存剩余

关键词:
来源:
GRO
全文链接1:
https://gro-intelligence.com/blog/wwwgro-intelligencecomblogus-soybean-acreage-cuts-wont-eliminate-huge-stocks-overhang
全文链接2:
类型:
前沿资讯
语种:
英文
原文发布日期:
2019-04-02
摘要:
Prospects are dim for chipping away at currently high US soybean stocks without a resolution of the US/China trade dispute. Despite farmer intentions to cut soybean planted area by 4.6 million acres this year, a 5.2% decrease from last year, stocks would still stand at a massive 813 million bushels at the end of the 2019/20 marketing year, based on USDA’s Ag Forum soybean yield and demand estimates. That size stockpile represents 19% of annual use, down 3 percentage points from last year, but still at levels not seen in more than three decades.
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