StoneX forecasts 2021/22 soybean stocks-to-use ratio in Brazil at 3.9%
Foreign media July 4 news: Consulting firm StoneX forecasts Brazil’s 2021/22 soybean production at 126.96 million tons in a July report, down from 135.84 million tons in the previous year.
Soybean imports are forecast at 700,000 tons, down from 860,000 tons in the previous year.
Domestic consumption is expected to be 49 million tons, up from 47.5 million tons in the previous year.
Exports are forecast at 77 million tonnes, down from 8.61 million tonnes in the previous year.
The ending inventory is expected to be 4.91 million tons, compared with 3.26 million tons in the previous year.
The inventory-to-use ratio at the end of the period is expected to be 3.90%, compared with 2.44% in the previous year.