Record Soyabean Year Forecast17 June 2014
GLOBAL – Analysts are predicting another record global soyabean crop for 2014/15.
This was the take home message of the International Grains Council conference held at the US Embassy in London which forecasted a dip in overall grains production.
While soyabeans were tipped to finish with a ‘significant rise’ in closing inventories, overall grain production is predicted to drop two per cent.
This is on the back of record output last year, which for soyabeans is expected to continue in the US.
TheCattleSite News Desk