International Food Policy Research Institute (IFPRI)

(December 14 @9:30am EST) AMIS Virtual Seminar, Emerging Trends in the Global Soybean Complex

International Food Policy Research Institute (IFPRI) sent this email to their subscribers on December 13, 2023.

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Global changes in soybean production and consumption are reshaping global markets. Global oilseed prices have fallen considerably since last year’s record highs. World soybean production is likely to hit a record high in 2023/24, with global ending stocks projected to rebuild for the second consecutive year. Global soybean trade continues to be driven by China, which accounts for about 60% of total soybean imports. China’s domestic consumption has grown at about 4% per year over the past 10 years. In the United States, increased biodiesel production has diverted more soybean production to be crushed domestically for soybean oil, reducing soybean exports. As a result, Brazil and other suppliers have seen their market shares grow. In 2023/24, Brazil is projected to account for almost 58% of total soybean exports.

This seminar will explore the market outlook for soybeans and vegetable oils, and examine the implications of the US biodiesel industry and recent developments in South American soybean production.

Introduction
 

Joseph Glauber, Senior Research Fellow, IFPRI and interim Secretary of AMIS


Market Situation and Outlook for Soybeans


Di Yang, Economist, Food and Agriculture Organization of the United Nations (FAO)


Growth of the US biodiesel Industry and its implication for the Global Soybean Market



Joanna Hitchner, Chair, Interagency Commodity Estimates Committee (ICEC) for Oilseeds, World Agricultural Outlook Board, USDA

Vegetable Oils: Some Observations on World Markets and Trade


Darren Cooper, Senior Grains & Oilseeds Economist/Commodities Analyst, International Grains Council  


Recent Developments in the South American Soybean Complex


Ramiro Costa, Chief Economist, Buenos Aires Grain Exchange


Moderator


Seth Meyer, USDA Chief Economist and AMIS chair  
Individuals attending this event may be audio taped, videotaped, or photographed during a meeting, and by attending grant permission for their likenesses and the content of their comments, if any, to be broadcast, webcast, published, or otherwise reported or recorded. Questions? Please contact IFPRI-Events.
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EVENT PAGE REGISTER Global changes in soybean production and consumption are reshaping global markets. Global oilseed prices have fallen considerably since last year’s record highs. World soybean production is likely to hit a record high in 2023/24, with global ending stocks projected to rebuild for the second consecutive year. Global soybean trade continues to be driven by China, which accounts for about 60% of total soybean imports. China’s domestic consumption has grown at about 4% per year over the past 10 years. In the United States, increased biodiesel production has diverted more soybean production to be crushed domestically for soybean oil, reducing soybean exports. As a result, Brazil and other suppliers have seen their market shares grow. In 2023/24, Brazil is projected to account for almost 58% of total soybean exports. This seminar will explore the market outlook for soybeans and vegetable oils, and examine the implications of the US biodiesel industry and recent developments in South American soybean production. INTRODUCTION Joseph Glauber, Senior Research Fellow, IFPRI and interim Secretary of AMIS MARKET SITUATION AND OUTLOOK FOR SOYBEANS Di Yang, Economist, Food and Agriculture Organization of the United Nations (FAO) GROWTH OF THE US BIODIESEL INDUSTRY AND ITS IMPLICATION FOR THE GLOBAL SOYBEAN MARKET Joanna Hitchner, Chair, Interagency Commodity Estimates Committee (ICEC) for Oilseeds, World Agricultural Outlook Board, USDA VEGETABLE OILS: SOME OBSERVATIONS ON WORLD MARKETS AND TRADE Darren Cooper, Senior Grains & Oilseeds Economist/Commodities Analyst, International Grains Council   RECENT DEVELOPMENTS IN THE SOUTH AMERICAN SOYBEAN COMPLEX Ramiro Costa, Chief Economist, Buenos Aires Grain Exchange MODERATOR Seth Meyer, USDA Chief Economist and AMIS chair   Individuals attending this event may be audio taped, videotaped, or photographed during a meeting, and by attending grant permission for their likenesses and the content of their comments, if any, to be broadcast, webcast, published, or otherwise reported or recorded. Questions? Please contact IFPRI-Events. STAY CONNECTED WITH IFPRI   Facebook   Twitter   IFPRI   LinkedIn STAY INFORMED IFPRI Insights Newsletter sign up:  IFPRI Policy Seminars Mailing List:  1201 Eye St., NW, Washington, DC 20005 USA Tel.: +1.202.862.5600 E-mail: [email protected] Follow us on Facebook and Twitter Add us to your address book | | | Forward to a Friend © 2023 International Food Policy Research Institute (IFPRI). All rights reserved.
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