Global soybean meal production will be at record high in 2017 - 2018.

According to Oil World, in 2017 – 2018 global soybean meal production will rise by 4.1% compared to 2016 – 2017 up to 231.5 million tonnes.

At the same time, global export of soybeans grew more modestly - by 2 million tonnes to 67.5 million tonnes.

In the recent weeks, drought in the US can substantially reduce soybean crops. On the other hand, drought in other regions of the world greatly reduces grain crops. Therefore, the demand for soybeans and products from its processing will increase in the new season.