Oil World estimates world soybean
production at only 240 million tonnes in
2011/12, an unprecedented decline by 25
million tonnes from last year. It says
that for the first time the world market
is faced with a decline of soybean
production in both North America (down 7
million tonnes) and South America (down
19 million tonnes) in the same season.
Conab- Brazil soy 65.6 mmt HM!
Northern Argentina is suffering a severe
and widespread drought. Rainfall was
below normal throughout the season
coarse grain, with many areas where the
water deficit was particularly severe.
This situation will lead to many cases
of regular or low yields in soybean and
corn, with very few crops in a position
favorable. The affected area includes
large areas of Tucumán, Salta,
Catamarca, Jujuy, Santiago del Estero
and Chaco. These provinces produce about
6.7 million tons of soybeans (13% of
total) and 3 million tons of corn(11%).
Oh but wait Stats Canada the farmers
favorite useless AG stat department will
come out in two weeks with a seeded area
the sise of saskatchewan to Canola and
the markets will tank.
Why is seed still available if every one
is growing canola. YEs sulfer is in
short supply but the seed is needed
before fert.
Time will tell.
My guess is 20.1 Area to low of 18.9
Whats are others thinking.
On up side 16 is potential top. its
coming as bins are empty!!!!!!!!!
production at only 240 million tonnes in
2011/12, an unprecedented decline by 25
million tonnes from last year. It says
that for the first time the world market
is faced with a decline of soybean
production in both North America (down 7
million tonnes) and South America (down
19 million tonnes) in the same season.
Conab- Brazil soy 65.6 mmt HM!
Northern Argentina is suffering a severe
and widespread drought. Rainfall was
below normal throughout the season
coarse grain, with many areas where the
water deficit was particularly severe.
This situation will lead to many cases
of regular or low yields in soybean and
corn, with very few crops in a position
favorable. The affected area includes
large areas of Tucumán, Salta,
Catamarca, Jujuy, Santiago del Estero
and Chaco. These provinces produce about
6.7 million tons of soybeans (13% of
total) and 3 million tons of corn(11%).
Oh but wait Stats Canada the farmers
favorite useless AG stat department will
come out in two weeks with a seeded area
the sise of saskatchewan to Canola and
the markets will tank.
Why is seed still available if every one
is growing canola. YEs sulfer is in
short supply but the seed is needed
before fert.
Time will tell.
My guess is 20.1 Area to low of 18.9
Whats are others thinking.
On up side 16 is potential top. its
coming as bins are empty!!!!!!!!!
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