כנס לקוחות

The Soybean

The Soybean Flow Follow the money!

Field Ground transportation Elevator River Transportation Ocean Freight Ground transportation Crushing Transportation to Client

מקורות יבוא

The Soybean (money) components

Chicago Board Of Trade Supply (land sowed, weather, yields etc…) Demand (Food, Feed, Energy etc…) Stocks to Use ratio Funds (mainly technical) “Outside” markets

FIELD – The Supply

The US Grain and Soybean Belt

6 weeks drought monitor animation

US Soybeans Stock Deviation

US Soybeans Carry Out and Stock To Use Ratio

US stocks are declining to minimum levels. No signs of sufficient rationing yet. Supply tightness in the 08/09 season could become more severe if a large increase in area is not secured.

Brazil Agriculture area Matto Grosso Amazonas M G del Sul S P Parana Rio Grande D S Santa Catarina Goias Minas Gerais Rio De Janeiro Para Bahia Tocantins

Relatively small increase in South America production is expected. Would not take much of a crop problem before production is lower than the previous year

Record yearly decline in world soybean production, assuming normal South American yields

Soy Complex

Soy Complex 2006-today

Crush Margin CBOT Averages: 2007 – 63, 2006 – 71,