Argentina: Oilseeds and Products Annual
Post forecasts slightly lower soybean production on limited area rise and a return to historical yield levels for 2017/18. Post estimates 2017/18 soybean area planted at 19.3 million hectares, up 100,000 hectares from 2016/17, which is expected to deliver 54 million tons in production. The gradual reduction of soybean export taxes beginning in January 2018 is expected to deliver larger carry-in stocks for the 2017/18 marketing year as producers will store their supplies until optimal marketing conditions appear. Sunflower and peanut area is expected to increase minimally by 3 and 1 percent, respectively.
