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USDA Oilseed: World Markets and Trade


10 October 2014

USDA Oilseed: World Markets and Trade - 10 October 2014USDA Oilseed: World Markets and Trade - 10 October 2014


USDA Oilseed: World Markets and Trade

 

With growing financial uncertainty, Argentine producers continue to be reserved sellers of soybeans. After an initial surge in post-harvest sales, producers have mostly exited the market. Producers have limited sales only to amounts necessary to meet expenses, choosing instead to hold crop as the best hedge against inflation. This has reduced the availability of soybeans for processing, contributing to a recent slow-down in crush and a reduction in USDA’s 2013/14 Argentine crush estimate.

Despite the recent slow-down, total crush volume in 2013/14 is expected to exceed last year’s level because of the larger crop and post-harvest surge in sales as producers needed to meet expenses. With soybean prices continuing to slide into 2014/15, producers will need to sell an even larger volume of soybeans for cash flow. This should increase the availability of soybeans for crush and lead to larger exports of meal and oil.

Published by USDA Foreign Agricultural Service

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