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Global Soybean Yield is Expected to Reach 366.7 Mln Tons

Pubtime:2020-11-16Author:Source: Hits:

The report of Oil World in October predicts 2020/21 global soybean yield is 366.7 million tons, 2.9 million tons less than the data predicted in September. Due to unfavorable climate conditions in USA, Brazil and Argentina, analysts lowered the predicted yield of soybeans in USA to 116.1 million tons, 1.3 million tons lower; lowered that in Brazil and Argentina to 131.5 million tons and 50.5 million tons, 1 million tons lower respectively. In the meantime, Analysts respectively increased expected soybean yield in Canada and China to 6.1 million tons and 17.9 million tons, 200,000t higher respectively.