USDA again increased China's soybean import forecast for 1999-00 (7

OA show ('918 '); in the latest monthly supply and demand report issued by the U.S Department of agriculture, the U It can be seen from this that USDA is still very optimistic about China's soybean import According to our weekly USDA export report and South American shipment tracking, from September 1, 1999 to now, the U.S soybeans have been shipped to China by a total of 4.07 million tons (excluding 555000 tons of contracts to be executed); from the latest tracking, the South American soybeans have also been shipped to China by about 3 million tons, considering that some ships arrived after the end of August It is not a problem for China to import 7.7 million tons of soybeans since September 1, 1999, and it may exceed this figure Some traders believe that this figure may even increase to 10 million tons In addition, the wheat part of the latest USDA monthly report can be said to be negative, but the situation in China is more optimistic In this report, China's estimated wheat output in 2000-01 has been reduced from the estimated 104 million tons last month to 102 million tons, which is close to the 100 million tons mark If the wheat output in 2000-01 breaks through the 100 million tons mark, China is likely to import large quantities of wheat From the U.S Department of agriculture's forecast of China's wheat import, it is still very optimistic and continues to maintain the expected figure of 3.5 million tons China feed industry information network KAB (author:)