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Global 2010-11 Crop To Fall 5.1 Pct

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HAMBURG/REUTERS The global soybean crop in the upcoming 2010-11 season is likely to fall 5.1 per cent on the year to 253.8 million tonnes but surging stocks will keep supplies ample, Hamburg-based oilseeds analysts Oil World forecast June 1. Unsold soybean stocks at the end of the current 2009-10 season are expected to rise to 70.3 million tonnes from only 45.8 million tonnes at the end of 2008-09, it said. Coupled with a rise in other oilseed crops, overall supplies will still be ample in the new season, it said. The U. S. 2010-11 soybean crop is likely to fall marginally on the year to 91.0 million tonnes from 91.42 million tonnes, it said. Argentina’s 2010-11 soybean crop was likely to fall to 51.0 million tonnes from 54.3 million tonnes and Brazil’s to 66.50 million tonnes from 67.86 million.

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