Oil Crops Outlook: June 2012
by Mark Ash
Outlook No. (OCS-12F) 11 pp, June 2012
Export shipments of U.S. soybeans for 2011/12 are forecast up 20 million bushels this month to 1.335 billion. And the 2011/12 soybean crush is forecast 15 million bushels higher this month to 1.66 billion based on higher demand for soybean meal. Higher soybean demand would further reduce U.S. season-ending stocks for 2011/12 to 175 million bushels, compared to last month’s forecast at 210 million. Despite reductions in 2012/13 use, the smaller carryover would reduce season-ending soybean stocks to 140 million bushels—a level that would cover only 16 days of use.
Keywords: Soybeans, Soybean meals, Cottonseed meal, Cottonseed oil, Vegetable oil prices Cottonseed, Sunflower Peanuts, Supply, disappearance
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