Oilseeds and Products Annual

Post forecasts lower soybean production on decreased area and a return to historical yield levels for 2016/17. Post estimates 2016/17 soybean area planted at 19.6 million hectares, down 650,000 hectares from Post’s 2015/16 area estimate at 20.25 million hectares. Production is forecast at 54.0 million metric tons. Lower export taxes and increased competiveness will fuel producer sales; however, due to lower supplies, crush and exports are down to 41 and 9.5 million tons, respectively. New political and market conditions have fueled an increase in sunflower production area to 1.7 million hectares for 2016/17.

Fuente: USDA

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