Oversupply likely as US MY 2022-23 soybeans harvest heading towards record high
September 13, 2022 Comments Off
The US soybean production forecast in marketing year 2022-23 (September-August) is heading towards a record haul of around 124 million mt despite variations in yield estimates by different entities, analysts told S&P Global Commodity Insights. There is a very high possibility of an oversupply in global soybeans market till 2023 as top producers Brazil and the US are likely to…
Oversupply likely as US MY 2022-23 soybeans harvest heading towards record high
The US soybean production forecast in marketing year 2022-23 (September-August) is heading towards a record haul of around 124 million mt despite variations in yield estimates by different entities, analysts told S&P Global Commodity Insights. There is a very high possibility of an oversupply in global soybeans market till 2023 as top producers Brazil and the US are likely to…
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