The world’s soybean supply is generally sufficient.

According to USDA monthly report data, so far, the world’s soybean supply is generally sufficient. Although the October report continued to reduce U.S. soybean and world soybean production and inventories, world production was reduced to 399.5 million tons, which is less than 400 million tons, but it is still significantly higher than the 360.43 million tons in 2021/2022 and the 370.24 million tons in 2022/2023. Rise; In terms of stocks, compared with 99.13 million tons in 2021/2022 and 101.89 million tons in 2022/2023, world’s soybean ending stocks in 2023/2024 rose to 115.62 million tons, a year-on-year increase of 13.73 million tons and 16.49 million tons respectively.