IFPRI-AMIS SEMINAR SERIESEmerging Trends in the Global Soybean ComplexCo-organized by IFPRI and Agricultural Market Information System (AMIS)DEC 14, 2023 - 9:30 TO 11:00AM ESTGlobal changes in soybean production and consumption are reshaping global markets. Global oilseed prices have fallen considerably since last year’s record highs. World soybean production is likely to hit a record high in 2023/24, with global ending stocks projected to rebuild for the second consecutive year. Global soybean trade continues to be driven by China, which accounts for about 60% of total soybean imports. China’s domestic consumption has grown at about 4% per year over the past 10 years. In the United States, increased biodiesel production has diverted more soybean production to be crushed domestically for soybean oil, reducing soybean exports. As a result, Brazil and other suppliers have seen their market shares grow. In 2023/24, Brazil is projected to account for almost 58% of total soybean exports.This seminar will explore the market outlook for soybeans and vegetable oils, and examine the implications of the US biodiesel industry and recent developments in South American soybean production.IntroductionJoseph Glauber, Senior Research Fellow, IFPRI and interim Secretary of AMISMarket Situation and Outlook for SoybeansDi Yang, Economist, Food and Agriculture Organization of the United Nations (FAO)Growth of the US biodiesel Industry and its implication for the Global Soybean MarketJoanna Hitchner, Chair, Interagency Commodity Estimates Committee (ICEC) for Oilseeds, World Agricultural Outlook Board, USDAVegetable Oils: Some Observations on World Markets and TradeDarren Cooper, Senior Grains & Oilseeds Economist/Commodities Analyst, International Grains Council Recent Developments in the South American Soybean ComplexRamiro Costa, Chief Economist, Buenos Aires Grain ExchangeModeratorSeth Meyer, USDA Chief Economist and AMIS chair LinksAgricultural Market Information System (AMIS): https://www.amis-outlook.org/More about this seminar: https://www.ifpri.org/event/emerging-trends-global-soybean-complexSubscribe IFPRI Insights newsletter and event announcements at www.ifpri.org/content/newsletter-subscription