Ukraine. New season’s supply and demand balance of soybeans will be less tight
UkrAgroConsult
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According to UkrAgroConsult forecasts, the next season will be more successful for soybeans, as their acreage is expected to restore.
According to preliminary estimates, soybean margin in MY 2020/21 has almost tripled that will encourage growers to expand this crop’s acreage for 2021.
In view of current weather conditions, the yield is expected to recover after its 2020 decline.
The soybean crop is forecasted to be higher than in 2020. Therefore, soybean crushing and exports will increase in the 2021/22 season.
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