The London-based International Grains Council (IGC) for the first time released 2015/16 global soybean supply/demand prediction in the monthly report of May. By prediction, the 2015/16 global soybean output will be reduced to 316.4 Million Ton, 1.1% lower than the 319.8 Million Ton output in 2014/15.

Report shows the 2015/16 global soybean consumption is expected to reach 312.3 Million Ton, higher than 302.9 Million Ton in 2014/15, among which, the squeezing amount is expected to be 274.9 Million Ton, higher than 266.8 Million Ton in the previous year; the fodder consumption is expected to be 18.2 Million Ton, higher than 17.2 Million Ton in the previous year; the edible amount is expected to be 17.5 Million Ton, higher than 16.9 Million Ton in the previous year.

The 2015/16 global soybean transaction volume is expected to be 122.6 Million Ton, higher than the 118.5 Million ton in the previous year.

IGC predicts that the year-end inventory of soybeans in 2015/16 will be 51.70 Million Ton, higher than the 51.7 Million Ton than the previous year, mainly because the year-beginning inventory is increased from 20.6 Million Ton in the previous year to 47.5 Million Ton.