Global soybean production exceeded 300 million tonnes for three consecutive years prior to the 2017/2018 season - and 2017/2018 is shaping to be another high production season, potentially pushing ending stocks to near-record highs. On the same time, global soybean demand remains very strong, driven by an expansion in global animal protein production.

Global trade has been a key feature of soybean market over the past year, with global exports increasing to a record export in 2016/2017 and potentially setting another record in 2017/2018. Of particular interest is the continued strength of Chinese soybean imports, which we expect to continue increasing, albeit at slower growth rate.

This presentation will provide soybean outlook for the 2017/2018 season and how it will impact palm oil markets.