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Global soybean stocks will increase by 15.8 million tons year-on-year

According to the industry publications oil world in Hamburg, Germany, the global supply of soybeans and rapeseed in 2018/2019 (September to August) will exceed expectations. The oil world raised the global soybean ending stocks at the end of August 2019 by 1.1 million tons to 110.1 million tons, an increase of 15.8 million tons from the previous year.
Global-soybean
Soybean ending stocks for 2018/2019 will be equivalent to 31.9% of the annual total, setting a record high, up from 27.5% in the previous year. US soybean stocks are surplus, and US soybean ending stocks are expected to reach 28.5 million tons at the end of August 2019, much higher than the 11.9 million tons this year.

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