Soybean production worldwide is set to grow this year but not fast enough to keep up with demand , so stocks are expected to fall . Global production is forecast to hit 355 million tonnes , according to the United States Department of Agriculture ( USDA ) , 18.5 million tonnes up on last year with Brazil the largest producer . But Brazil says demand will be higher , at 358 million tonnes . Coupled with the previous year ’s figures that could leave stocks five million tonnes down . Most demand comes from China , which is expected to import 103 million tonnes , 5 million tonnes up from last year .
Soybean production worldwide is set to grow this year but not fast enough to keep up with demand, so stocks are expected to fall. Global production is forecast to hit 355 million tonnes, according to the United States Department of Agriculture (USDA), 18.5 million tonnes up on last year with Brazil the largest producer. But USDA says demand will be higher, at 358 million tonnes. Coupled with the previous year’s figures that could leave stocks five million tonnes down. Most demand comes from China, which is expected to import 103 million tonnes, six million tonnes up from last year.