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Tight global soybean supply, strong demand likely in 2021: Bunge Agricultural commodities trader Bunge sees a further tightening of global soybean supply in 2021, coupled with strong demand momentum and strong margins, the company said in its fourth quarter earnings call Feb. 10. The supply-demand balance sheet for soybeans was very tight in 2020, Bunge CEO Gregory Heckman said. This trend is expected to continue in 2021, boosting the margins, he added. Bunge projected the soy supply situation to be tight due to drought-led delayed planting in South America in the last quarter of 2020. Oilseed planting in both Brazil and Argentina, two of the world’s top suppliers, was delayed by a month due to dry conditions. As a result, soybean harvesting in Brazil has been progressing at the slowest pace in 10 years amid slow crop maturation and incessant rain.

United statesJohn nepplGregory heckmanChina agricultural ministrySouth americaSouth americanNorth americaNorth americanChief financial officer john nepplஒன்றுபட்டது மாநிலங்களில்ஜான் நேப்ப்பில்கிரெகொரி ஹெக்மேன்தெற்கு அமெரிக்காதெற்கு அமெரிக்கன்வடக்கு அமெரிக்காவடக்கு அமெரிக்கன்