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2025-09-16 21:06:00
[Soybean "Oil" Emerges, Squeezing New Market Momentum] ⑴ The Brazilian Soybean Industry Association (ABIOVE) maintained its 2024/25 soybean production forecast at 170.3 million tons, demonstrating the country's stable production capacity for this key agricultural commodity. ⑵ Regarding processing, ABIOVE raised its soybean crush forecast from 58.1 million tons to 58.5 million tons, indicating steadily growing demand for soybean meal and soybean oil. ⑶ Soybean meal exports are expected to remain at 23.6 million tons, while soybean oil exports are forecast at 1.35 million tons, reflecting Brazil's crucial position in the global vegetable oil supply chain. ⑷ ABIOVE significantly raised its soybean meal production forecast to 45.1 million tons, up from the previous 44.8 million tons, while its soybean oil production forecast was also raised from 11.65 million tons to 11.7 million tons. This suggests a more abundant supply of downstream processed products, potentially impacting prices of related commodities. 5. Although the production forecast remains unchanged, the double increase in processing and output suggests that the market is optimistic about the demand for soybean deep-processing products. Traders should pay close attention to its potential impact on the global soybean and related oil market prices. This is not only a change in numbers, but also a reflection of market confidence.
