The usda crop production, according to a report released this month 2015/16 U.S. soybean production is expected to be 3.916 billion bushels, 31 million bushels of higher than forecast last month, because raising yield data, offset results area cut the impact of the data. Soybean yield this year is expected to be 46.9 bushels per acre, higher than forecast last month 46 bushels. Although supply increased, the United States department of agriculture will be 2015/16 soybean export data to 1.725 billion bushels, 50 million bushels less than forecast last month, because of slow sales so far. 2015/16 U.S. soybean supply is expected to increase, the export decline in demand, thus 2015/16 soybean ending inventory is expected to be 470 million bushels, 45 million bushels of higher than forecast last month.

Because the inventory is enough, currency devaluation, 2015/16 Brazilian soybean exports is expected to reach a record 54.5 million tons, 3.75 million tons of higher than forecast last month. 2015/16 Argentina's soybean exports is expected to be 9.75 million tons, 1.05 million tons of higher than forecast last month. For China, domestic oilseeds production, rapeseed supplies overseas, will lead to 2015/16 of China's soybean imports rose to a record 79 million tons, 1.5 million tons of higher than forecast last month.

Domestic outlook

Increase yield data, boost soybean production

2015/16 U.S. soybean planting area is 84.3 million acres, is expected to lower than forecast last month of 800000 acres, because in some parts of the soil temperature, restrict soybean planting area increased. In July to the United States department of agriculture of four states to survey, including the state of Missouri, Missouri soybean planting area is lower than originally expected 650000 acres.

The United States department of agriculture is expected to U.S. soybean yield this year to 3.916 billion bushels, 31 million bushels of higher than forecast last month, because the yield increase of offset harvest area of decline. Soybean yield this year is expected to be 46.9 bushels per acre, only less than that of last year a record 47.8 bushels. In July the weather in the Midwest overall is good, the rainfall of more than average, at a comfortable temperature. In the states, Minnesota, Nebraska, south Dakota, Michigan and Arkansas soybeans yield is expected to hit record levels. As of August 9, U.S. soybean crop is 63%. As a whole, the soybean crop looks slightly behind normal, soybean podding rate was 69%, compared with an average of 66% for five years. In Missouri, however, looks like the soybean seeds are falling behind because delay. As of August 9, Missouri soybean podding rate is only 27%, in contrast, the average of 45% for five years.

But in other parts of the condition is not very ideal, excessive rainfall is a major concern. In July for the eastern corn belt, rainfall is not like in June, the top, but it is still far more than the average. During may to July in Illinois, indiana and Ohio has the highest precipitation in the same period in 1895. The region continued excessive rainfall, been pest problem. If suddenly became hot dry weather, so the eastern corn belt of the soy crop may damage, because no develop good crop root system. In addition, the July Illinois river floods occur, interrupt Chen Dou and grain barge transportation.

Competition is intense, restricting the 2015/16 U.S. soybean export sales prospects

The United States department of agriculture will be 2015/16 U.S. soybean export forecasts to 1.725 billion bushels, 50 million bushels lower than forecast last month. As of August 6, the 2015/16 soybean export sales of 356 million bushels, number is the lowest in seven years, and 47% less than the same period last year. Us soybean export sales will eventually recovered, but export prospects there is no doubt that the gloom. This is because the dollar most major currencies stronger. Brazil and Argentina soybean stocks also enough, so exporters to profit by unusually strong export sales. After this summer after a large number of imports, China could take months to absorb the excess supply of soybeans. China is the world's largest soybean importer.

Soybean meal demand increase, causing the domestic soybean increased dosage

2015/16 domestic crush is expected to be 1.86 billion bushels, 20 million bushels of higher than forecast last month. Domestic soybean meal demand increase, further support the processors. Soybean meal can supply gap fill domestic rapeseed dregs and imported meal. Decline in supply of rapeseed production, Canada may cause meal. Seeds and cottonseed meal Feed supply can also be tight. The United States department of agriculture will be 2015/16 soybean meal consumption data raised 600000 ton, 32.9 million ton. By contrast, American soybean meal exports less competitive price, may be offset by domestic consumption growth to a certain extent. As of August 6, the soybean meal export sales year-on-year decline of 55%. 2015/16 soybean meal export data to 11.65 million ton, 100000 ton.

Domestic soybean oil consumption may also boost by rapeseed oil and cottonseed oil tight supplies. The United States department of agriculture will be 2015/16 domestic soybean oil consumption data raised 100 million pounds, 19.4 billion pounds. 2015/16 U.S. soybean supply is expected to increase, decline in export demand, leading to the final soy stocks rise to 470 million bushels, 45 million bushels of higher than forecast last month. Due to final inventory data to rise, the price fell sharply. As part of the new bean price in $9.50 to $10 a bushel, so this month to the United States department of agriculture cut 2015/16 soybean farm prices further forecast, decline to 10 cents, to $8.40 to $9.90 a bushel. The support of the soybean prices of manufactured goods also weakened. Soybean meal and soybean oil price forecasts have both cut farm, respectively, for $310 to $350 per ton and 29.50 cents to 32.50 cents.

For 2014/15 year, the domestic soybean crushing data raised to 1.85 billion bushels. Considering the soybean export data unchanged, to 1.825 billion bushels, soybeans