Soybean production worldwide is set to grow this year but not fast enough to keep up with demand , so stocks are expected to fall . According to Agrarmarkt Informations-Gesellschaft (AMI), global ending stocks could shrink for two years running at the end of the marketing year. 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 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 .