The indicator is at 9 years low. The soybean crop will be 54 million tonnes at 55.5 million tonnes in 2016 and the average yield of 3.05 mt/ ha, which is 2% less than last year, but above average for recent years.

At the beginning of September, soybean stocks in Argentina reached a record 32 million tonnes, which is 3.1 million tonnes more than the previous year.

Due to the poor sales by the farmers, the soybean processing and export is at a low level. It is expected that 20.5 million tonnes of soybean (19.8) will be processed in Argentina in the second half of the season - September - February, and export will be 2 million tonnes (1.4).

Thus ending stocks will fall, but will remain high - 7.7 million tonnes (6.2).

In early September stocks of soybean oil were 338,000 tonnes (275,000 tonnes a year earlier).