Page 37 - MEX-Yearbook-2017

Fundamental Facts Major Producers of Soybean in 2016
• The weather plays a large part in the yearly yield of each crop. Poor
(1000 Metric Tons)
weather before the crop is harvested will result in a lower yield of crops,
which could mean that speculators trading soybean futures could lose out. Country Quantity* Country Quantity*
• A second factor that has come to prominence in recent years is the spread USA
of a wind-borne fungal disease known as soybean rust. This again will Brazil 117,208 Paraguay 9,170
lower crop yield and quality. Argentina
• Another factor to consider when trading in soybean options is the demand China 108,000 Canada 6,450
for corn as use as ethanol. As both corn and soybeans are used to produce India
biofuel, if the demand for ethanol is higher than the demand for biodiesel 55,500 Ukraine 4,280
then the farmers will use all of their fields to grow corn. This will therefore
mean that the supply of soybeans decreases, and the soybean spot price 12,900 Russia 3,099
increases.
11,500 Uruguay 2,700

*Estimate

Source: U.S. Department of Agriculture

Soybean Major Exporters & Importers of Soybean in 2016
Months (January 2017 - December 2017)
1000 (1000 Metric Tons)

L 800 Exports Imports

O 600 Country Quantity* Country Quantity*

T 400 Brazil 61,000 China 87,000

200 USA 55,112 European Union 13,800

S January Argentina 9,000 Mexico 4,200
February
0
March
April Paraguay 5,400 Japan 3,100
May
June
July
August
September
October
November
December

Canada 4,400 Thailand 2,800

Ukraine 2,600 Taiwan 2,600

Uruguay 2,470 Egypt 2,400

Russia 400 Indonesia 2,400

China 150 Iran 2,120

Soybeans were first produced India 150 Russia 2,100
and cultivated in China,
but nowadays the United *Estimate
States accounts for the
largest global percentage Source: U.S. Department of Agriculture
of soybean production at
around 32%.

MEX NEPAL YEAR BOOK 2017 | 36