USDA estimated this year's global update or re-cut soybean and corn

 Food Industry Network HC U.S. Department of Agriculture (USDA) recently updated the global cotton, grain and oilseed supply and demand and trade estimates.

we get the message that the U.S. Department of Agriculture (USDA) recently updated the world's cotton, grain and oilseed supply and demand and trade estimates. Which, USDA corn and soybean will be the year 2010/2011 the production and ending stocks were significantly reduced.

USDA agricultural research institutions in the world's most authoritative institutions. Therefore, USDA estimates the global data update is usually agricultural products (15.78,0.35,2.27%), spot and futures markets are very significant impact.

We believe that the U.S. Department of Agriculture report further confirmed the tight supply of soybeans and corn situation, soybean and corn prices will therefore receive strong international support.

Specifically, the U.S. Department of Agriculture lowered its 2010/2011 U.S. and Argentina corn production, and global corn production from 820.7 million tons down to 816 million tons. Contrast, global ending stocks of corn last year, ending December 2010 compared with the estimated reduction of 300 million tons, down 2% range. In global demand for corn, the U.S. Department of Agriculture estimated 2010/2011 world maize consumption will increase 2.9%. Among them, the faster consumption growth in countries including the United States, Argentina, Brazil and China.

At the same time, USDA continued to fall in global oil production, down the main varieties of the United States and Argentina soybean production. U.S. Department of Agriculture said that as the La Nina weather continued role of the impact on soybean production in Argentina is particularly evident, production decreased from 2009/2010 to 2010/2011, 54.5 million tons 50.5 million tons. Global soybean output forecast for 2010/2011 down from 257.8 million tons to 255.5 million tons. At the same time, USDA will global oil production from 442.6 million tons down from 440.4 million tons. Moneta