Market soy
Global exports of soy remain unchanged, while global pumping of soy has increased by 1.9 million ton to 349.3 million ton. Pumping is higher in Brazil because of strong exports of soybean meal in the first quarter.
The balance of soy in Iraq has also been added to the database, because imports soy have increased in the last few years, which has contributed to higher global pumping.
Global stockpiles of final soy are projected at 128.4 million tons, which is a decrease by 3.5 million tons, mainly because of lower
stocks in the US and Brazil.
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