Soybean Highlights May 13, 2015 May 13, 2015

- USDA forecasts global soybean production in 2015/16 to remain nearly unchanged from the previous year at 317.3 MMT

- USDA lowered 2014/15 world soybean inventories to 85.54 MMT from April estimate of 89.55 MMT and vs. average expectation of 90.22 MMT. Stocks are expected to rise to 96.22 MMT in 2015/16 vs. average expectation of 95.17 MMT

- USDA pegged US soybean ending stocks for the 2014/15 crop year at 350 million bushels (370 MB in April and 360 MB - average trade estimates) and projected the 2015/16 carryout at 500 million bushels (443 MB - average trade estimates)

- USDA pegged Brazilian 2015/16 soybean production at 97 MMT, up 2.5 MMT from 2014/15's record crop of 94.5 MMT

- Conab estimates Brazil's 2014/15 soybean crop at 95.07 MMT vs. its April forecast of 94.28 MMT

- Argentina construction workers blocking trucks at some Rosario port terminals

- May 12 - Egypt's FIHC made no purchase in its tender for 25,000 MT of soyoil and 15,000 MT of sunoil for Jul 1-20 arrival

- Bird flu outbreak confirmed on Nebraska egg laying farm, bird flu now confirmed in 16 states of US

- Israel has reported an outbreak of H5N1 bird flu virus in the north of the country