Palm | Kelapa Sawit

HAMBURG, June 16 (Reuters) - Global soybean supplies will remain tight in coming months, despite a large crop looming in the United States this summer, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"Soybeans will remain in very short supply in Sept/Feb 2009/10...even if U.S. production increases by 8.0 million tonnes to a record 88.5 million tonnes, which we currently forecast," it said.
The likely increase in northern hemisphere crops this summer will be offset by a major reduction in global season opening 2009/10 soybean stocks on Sept 1, 2009, largely caused by smaller soybean harvests in early 2009 in Argentina and Brazil, it said.