The SOPA reported soybean output in the year ended Sept was 9.31 million tonnes decline from forecast of 10.8 million tonnes. The projection was cut down after export of soymeal slide 34% to 3.21 million tonnes in the year end of Sept from small crop. The soybean planting area will rose to 9.61 million hectares (24 million acres) in this season from 9.64 million hectares last year with crop harvest may around 9.72 million tonnes and the carry over is around 600,000 tonnes.
related link: SOPA
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