Argentina: Oilseeds and Products Update
The victory of President-elect Maurcio Macri on November 22nd, has lifted producer expectations and will likely have a significant impact domestically and in international markets. The President-elect’s proposed agricultural policy changes are expected to encourage greater soybean sales. These policy changes could also improve prospects for the sunflowerseed and peanut crops. Sunflowerseed production is revised up for 2015/2016. Peanut exports are revised up based on greater global demand, specifically the EU and China.